In a little more than two weeks in Wroclaw starts impact’16 fintech/insurtech – one of the most inspiring congress devoted to innovative technologies in financial sector. CEOs of banks and financial institutions, startup and public administration representatives and academics will gather in one place to discuss the future of fintech. For the most innovative companies from Central Europe organizers prepared a special pitching and matching sessions with corporations and public sector.

Threat intelligence from NuData Security, released today, provides insight into the ominous cyber fraud threats coming over this holiday period.

Fraudsters use ever-morphing cyber fraud methods over the holidays. NuData’s intelligence supports industry trends that e-commerce is increasingly mobile and high-risk.

IBM announced it has completed the acquisition of Promontory Financial Group, a global market-leading risk management and regulatory compliance consulting firm. The firm’s expertise and offerings directly address the standards for compliance implemented to ensure the integrity of the financial system, protect consumers and build trust through transparency.

The inaugural Scottish Cyber Awards have taken place and the successful ceremony has seen an Edinburgh firm land the award for International Contribution to Cyber Security. Edinburgh-headquartered ZoneFox were announced as the winners in the category after also scooping the Champion of Champions award. Speaking at the ceremony, James Graves, Chief Executive of ZoneFox, believes it is an honour to have received such prestigious new awards.
 

NYMBUS Inc. and QTS Realty Trust (NYSE: QTS) announce strategic partnership to provide NYMBUS clients with world-class data center capabilities, allowing a growing list of financial institutions to move legacy core systems to NYMBUS’ private cloud.

Insignis Cash Solutions, the new FinTech company delivering bespoke cash solutions for its clients which launched in June this year, has announced the formation of its Advisory Board along with the appointment of its first member, Guy Davies, advising on the charity sector.

The Advisory Board will include multidisciplinary industry experts who will provide the “technical DNA” to support the business as it continues to grow, advising on strategic development and providing valuable industry insight.

SMEs are no longer an afterthought for banks. They now represent a lucrative money-spinner, and we’re not talking about loans. We’re talking about digital tools that SMEs not only want, but are crying out and willing to pay for.

Banks are in an enviable position, as they have an unrivalled platform to offer SMEs what they want and to tap into a new revenue stream. But first, they must ask themselves these five vital questions.

1. “Do we really understand what SMEs want?”