New data from the 2022 Cyber Security Insights Report from leading global intelligence and cyber security consultancy S-RM has found that cyber security budgets are set to increase an average of only 11% over the next 24-36 months.

In the first half of 2021, criminals stole a total of £753.9 million through fraud, which represents a 30% increase compared to H1 2020. While advanced security systems managed to prevent a further £736 million from being taken, it does raise questions about what other preventative measures banks should be putting in place to further protect their customers.

The resilience of the financial markets was truly put to the test in 2022 as many of the risks outlined at the outset of the year were realized. Inflation fears were validated – expected to reach 8.8% by the end of 2022. The crypto market sustained huge blows after the collapse of one of its leading players. The UK Government saw three different prime ministers. The devastation of the Russia-Ukraine war rippled through Europe, triggering widespread supply chain issues and driving up energy prices.

Northteq, Inc., a leading provider of Salesforce loan origination solutions, announced that its new commercial lending disclosure application, Disclosure Direct for Salesforce, is now available for commercial and equipment finance lenders.

Veem, an accounts receivable (AR) and accounts payable (AP) network for small and medium-sized businesses (SMBs), today announced a partnership with Finastra, a global provider of financial services software applications and marketplaces,

The global financial crisis of 2008-09 resulted in the development of the Bitcoin whitepaper which introduced the world to the idea of blockchain technology and cryptocurrency. Within blockchain, information is stored in several databases (blocks) that are linked together chronologically through cryptographic hashes to form a distributed network (chain). Since its inception the global blockchain market is expected to hit $67.5 billion by 2026.

TripActions, the all-in-one travel, corporate card, and expense management solution, today announced that it secured $400M in credit facilities, consisting of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with a $200M commitment ($300M total Program Limit) and an asset-backed lending facility of $100M led by Silicon Valley Bank. The credit facilities will be used to accelerate the expansion of TripActions’ customer base.

NiuPay, the first Polynesian payment institution approved by the Banque de France, has chosen Skaleet's new-generation Core Banking Platform (CBP) to provide local populations with limited banking access to digital, simplified, and secure financial services.

Teslar Software, provider of lending process automation tools for community financial institutions, today shared commentary on what most significantly impacted the lending landscape in 2022 as well as the primary trends for community institutions to watch for in 2023.

More community banks will embrace indirect lending to diversify portfolios and keep business local.