Researchers at leading cyber-security company Check Point have revealed how Chinese hackers were able to steal $1 million from a Chinese venture capital firm through a simple but convincing business email compromise (BEC) scam. 

The $1M was seed funding that was intended for an Israeli start-up company.  Neither the VC nor the start-up suspected anything was wrong, until the start-up realized they hadn’t received the funding. Both sides then got on the phone and quickly realised that the money had been stolen.

The European consulting firm EUROGROUP Consulting, in an exclusive annual study on corporate and investment banking (European CIB Outlook 2019), reveals the numerous challenges European CIBs urgently need to address, and outlines strategic and organisational solutions to help them reduce the performance gap with their US counterparts.

Italy's UniCredit says it will cut 8000 jobs and close 500 branches over the next three years as part of a programme to boost shareholder value.

Emerging technology talent specialist mthree has made a string of senior hires as part of its continued growth.

mthree, which works with leading global investment banks and fintechs, now employs more than 600 staff across four continents. The new hires come after the business reported record revenues in 2018 and are on-track to go beyond that with revenues of c. £39m in 2019.

Wirecard, the global innovation leader for digital financial technology is cooperating with CarGo Technologies for seamless payment solutions. The goal is to team up for all in-app payments for the ride hailing platform in Belgrade, Vienna and Zurich where CarGo Technologies is present, and as a payment partner for the company’s expansion.

Mexican small business lender Konfio has completed a $100 million funding round led by SoftBank's Latin American fund.

Europe's top securities regulator has recommended the establishment of a real-time consolidated ticker tape to improve transparency for equities across the EU's fragmented markets.

Frank Jan Risseeuw, CEO of account aggregation platform Yolt, is moving across to ING to take charge of the Dutch bank's 'Model Bank' strategy.

Leaders of banks need to look beyond banking in anticipation of disruption to their industry in the next decade, according to Deloitte.

Keesing Technologies, the leading global identity verification provider, announces the launch of Keesing Platform: the new online information source for and by anyone involved in the security document and identity management industry. The platform will replace one of the world’s most renowned magazines of the industry; the Keesing Journal of Documents & Identity (KJD&I).