The PPI mis-selling scandal saw the emergence of a new industry with the birth of Claims Management Companies (CMCs). Producing riches for CMC bosses, and employing 20,000 people at its height, the CMC industry was unique to the UK, perfectly placed to help consumers secure PPI compensation, with banks paying out close to £50 billion in payments and admin costs.

Building on its commitment to connect and empower the global financial community by harnessing proprietary data and analytics designed to add greater client value, Refinitiv today announced the findings of its ‘Transformation of Wealth Management – Five Trends for 2020 and Beyond’ report in collaboration with Aite Group.  According to the report, key trends shaping today’s wealth management industry include: data and analytics, digitalization, customization, operational efficiency and client relations

Today, on National Data Privacy Day, Integris Software introduces its Data Privacy Dictionary, a new tool to help data privacy, data governance and data protection professionals have a common lexicon to improve their communication and privacy management programs.

Finastra announced that Guotai Junan International (GTJAI) has gone live with Finastra’s end-to-end equities derivatives trading and cross-asset risk solution, Fusion Sophis. The move has enabled GTJAI to launch trading operations in Hong Kong following a short implementation, helping to fuel the firm’s growth and maximize market share.

New account fraud, also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.

The digital revolution occurring in financial services – with more and more people using cashless (EMV) payments and online banking – has created a situation where new account fraud is emerging as one of the biggest concerns for retail banks.

As banks strive to make online banking even easier and payments even faster for their customers, they also face a race against the clock to keep their security up-to-date and compliant. Here are three fraud trends we expect to see move up the banking industry’s agenda in 2020…

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, announced today that it has been selected by Subway® as its payments partner for North America. Adyen will support Subway, the world’s largest quick service restaurant by restaurant count, and its Franchise Owners in creating a simpler and more customer-centric payments experience in-restaurant, online and through the Subway App.

Broadridge Financial Solutions, Inc., a global Fintech leader and part of the S&P 500® Index, announces the launch of a new forecasting module within its leading revenue and expense management platform.

nCipher Security, an Entrust Datacard company and provider of trust, integrity and control for business critical information and applications, announces two new additions to its nShield® hardware security module (HSM) portfolio – nShield Web Services Option Pack and

Blockchain.com, the leading provider of cryptocurrency products including the world’s most popular crypto wallet, has launched a full banking integration for Turkish Lira (TRY) to create a native payment gateway for users to deposit and withdraw Lira on the Blockchain.com Exchange. Turkish users can now go from account creation to buying crypto in as little as five minutes, without having to use a third-party payment processor.