Digital transformation can mean different things to each financial institution (FI). For some, it’s a push to modernise legacy systems and acquire fresh talent. For others, a journey to adopt an organisational strategy that unites departments and teams. No matter the motive, nearly all FIs want the same result—to drive efficiency, revenue and cost savings. For many forward-thinking FIs, artificial intelligence (AI) is a key part of this process.

More than 63 percent of all new trades executed by UK traders on Capital.com in the past two weeks* have been in financial derivatives linked to shares in the US cinema chain AMC Entertainment (AMC) . This is a significant jump from last month when just 23% of all first-time trades executed by UK clients were derivatives transactions on AMC. UK clients have been piling into the popular AMC trade this week with more than 82% of traders taking a long position in the so-called meme stock.

Since 2018, Arcane Crypto has built a portfolio of diverse early-stage businesses active in the emerging cryptocurrency sector. As a result, it now represents an appealing option on digital assets adoption among banks and financial investors, which has recently gained significant traction. Its recent listing on the Nasdaq First North exchange following a reverse takeover provides it with an additional funding route to pursue its 'buy and build' strategy.

During Huawei Intelligent Finance Summit 2021, Huawei and Temenos, the banking software company, announced a partnership to offer Temenos’ cloud-native core banking solution on the Huawei Public Cloud. Temenos is the first core banking software certified with Huawei infrastructure and Huawei Public Cloud.

Covid-19 led to a rapid and largely unplanned increase in homeworking and electronic trading resulting in a surge of cyberattacks on financial institutions. Almost all financial institutions have experienced a cyberattack in one form or another.   In March of 2020, misconfigured AWS (Amazon Web Services) S3 buckets belonging to two financial organizations made headlines after highly sensitive financial and business documents were exposed.   

Lightspin, a pioneer in contextual cloud security that simplifies and prioritizes cloud security for cloud and Kubernetes environments, announced today the discovery of a new method of cross-account attack, leveraging AWS S3 buckets. If leveraged, this attack can cause a real and measurable impact to a business’ bottom line, by opening up certain AWS buckets to unauthorized writes from any AWS account.

OctaFX Copytrading is a popular service that allows clients to profit by copying trades from professional traders, also known as Master Traders. The company recently introduced Risk Score—a game-changing feature that enables copiers to choose Master Traders based on the risk of their trading strategy.

Virtual cards will unlock untapped potential in the commercial cards sector thanks to the extra security, control and efficiency they provide

Rising proportion of European commercial card spending is virtual

Blackhawk Network, a global payments company, today announced its Hawk Select solution is now available on SAP® Store.

AUD, NZD Slump, EMS Drop, USD/JPY Soars Above 110.