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Banking Systems: Finding a Needle in the Haystack

Historically, IT and tech infrastructure at banks has never been focused on the customer. The design underpinning these labyrinthine networks was centred on the delivery of distinct outputs and functions relating to different financial products. These individual products, whether they be credit cards, current accounts, mortgages or indeed any product relating to family life and responsible adulthood as we know it, were designed to be managed in siloes.

Friday, October 15, 2021 - 14:57
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Financial IT
Train Station Passengers can Now Buy Tickets 6 Times Faster with the Help of AI

Russian Railways self-service terminals use advanced Smart Engines technologies to sell tickets for long-distance trains. The integration of the Smart ID Engine software product for passport scanning into terminals simplifies the routine procedure of manually entering passenger personal data and speeds up the ticket sales process.

Friday, October 15, 2021 - 14:53
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Financial IT
Menlo Security Research Shows 75% of Organisations Re-evaluating Security Strategy as Remote and Hybrid Working Set to Remain

- Three-quarters rely on traditional VPNs for remote access while a third also use zero trust as part of their remote access strategy

- Over half plan to reduce third party/contractor access to systems due to security risks

Friday, October 15, 2021 - 14:45
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Financial IT
Contis Enables More Choice over £100 Contactless Cap

 Contis, the European leader in Banking-as-a-Service (BaaS), today announced it will be launching variable contactless limits for consumers, driving more flexibility, security, and payments possibilities for everyone.

Friday, October 15, 2021 - 14:42
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Financial IT
FCA Issues Warning to Businesses over Hybrid Working Risks

The Financial Conduct Authority (FCA) has issued new guidance to companies operating a remote or hybrid working model.

The new directive states that firms will be evaluated by us on a case-by-case basis and should be able to prove that the lack of a centralised location or remote working does not or is unlikely to affect the company’s ability to meet the threshold for the for the regulated activities it has or will have permission for.

Friday, October 15, 2021 - 14:37
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Financial IT
Bitcoin Latinum Taps GK8’s End-To-End Crypto Custody Solution To Secure Its Ecosystem

 Bitcoin Latinum, the secure next-generation, insured, asset-backed cryptocurrency with high transaction processing capacity, is announcing a partnership with

Friday, October 15, 2021 - 14:23
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/news/bitcoins/bitcoin-latinum-taps-gk8s-end-end-crypto-custody-solution-secure-its-ecosystem
Financial IT
Atom Bank Hits One Billion in SME Lending

Atom bank, the Durham-based fintech, is celebrating hitting £1bn in lending to SMEs. 

The milestone, which was reached on 15 October, includes all completions originated through Atom’s own secured lending and also the bank’s ongoing partnership with Funding Circle to provide unsecured loans to UK SMEs. 

This latest milestone comes after the UK’s first app-based bank reached several other significant customer and commercial highpoints. 

Friday, October 15, 2021 - 13:51
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Financial IT
PAPYRUS Voted Charity of The Year By Shawbrook Bank People
  • Employees at Shawbrook Bank select PAPYRUS as their chosen charity for 2021/22
  • Shawbrook partners with PAPYRUS at a time when the charity’s lifesaving support is needed more than ever due to Covid-19
  • The bank’s initial £10k donation will be boosted by colleague-inspired fundraising and volunteering events throughout the year

Shawbrook Bank has announced its employee chosen charity partner for 2021/22 as PAPYRUS, a charity dedicated to the prevention of young suicide. 

Friday, October 15, 2021 - 13:42
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/news/banking/papyrus-voted-charity-year-shawbrook-bank-people
Financial IT
Sberbank discusses prospects for development of partner banking at Russian Islamic Economic Forum

The third annual Russian Islamic Economic Forum “Russia – Guarantor of Partnership” is being held in the city of Grozny (Chechen Republic) on 14-15 October. The event has been organized with support from Sberbank and is aimed at promoting business cooperation between Russia and the countries of the Islamic world. The International Association of Islamic Business and KPMG are also co-organizers of the forum.

Friday, October 15, 2021 - 13:22
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/news/banking/sberbank-discusses-prospects-development-partner-banking-russian-islamic-economic-forum
Financial IT
75% of UK Consumers Find Contactless Easier Despite Perceived Security Concerns, New Worldpay Research Finds Ahead of Limit Rise

·         75% of UK consumers find it easier to use contactless payments.

·         59% of those surveyed still have concerns about contactless security.

·         Almost three quarters of those aged 65 and over have turned to contactless payments during the pandemic.

·         22% of UK consumers still don’t have a contactless card.

Friday, October 15, 2021 - 13:08
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Financial IT

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