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BEC Attacks: Who is Legally Responsible?

Business Email Compromise (BEC) and cyber attacks are on the increase worldwide. Conveyancing firms, their clients, and other organisations effecting many large non-recurring type transactions are particularly vulnerable to BEC fraud. Ryan Mer, Managing Director, eftsure Africa, a Know Your Payee™ (KYP) platform provider says gaps in organisations’ payment systems not only pose massive financial and reputational risks, but can have serious legal implications as well.

Monday, June 28, 2021 - 09:29
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Financial IT
E-Commerce Logistics SaaS Startup zip24 Raises $1.2M

Dubai-based logistics Software as a Service (SaaS) startup zip24 has raised US$1.2 million in a pre-series round, led by London-based Sturgeon Capital, along with Angel investors from the UK and Gulf Cooperation Council (GCC) countries, including Hayaat Group, Teqvisory, and Robert Kay.

Monday, June 28, 2021 - 09:16
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Financial IT
Virtual Card Transaction Values to Increase by 370% Globally in 5 Years

 

Monday, June 28, 2021 - 09:04
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Financial IT
Central Banks Signal Temporary Concerns Over Inflation

David Jones, Chief Market Strategist at European investment trading platform,Capital com, said: “It has been a calmer week in markets following the interest rate-inspired fireworks we had at the end of last week. In fact, it has been business as usual for many major assets."

Friday, June 25, 2021 - 16:51
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Financial IT
Pollinate Launches Filmmaker Competition in Collaboration with Mastercard to Spotlight Small Business Ingenuity

Pollinate, the global fintech that partners with banks to help business customers succeed and grow, is launching “Ingenious,” a filmmaker competition spotlighting small businesses, in collaboration with Mastercard. “Ingenious” will celebrate the ingenuity of small business owners around the globe through stories of how small businesses have used technology to drive forward during the pandemic.

Friday, June 25, 2021 - 16:43
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/news/payments/pollinate-launches-filmmaker-competition-collaboration-mastercard-spotlight-small
Financial IT
Scotland Yard Bitcoin Seizure Story

Joshua Scigala, CEO of the TheStandard.io, a new DeFi lending protocol and Founder of the bitcoin/gold exchange, Vaultoro said,

Friday, June 25, 2021 - 16:20
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Financial IT
Nivaura Technology Deployed by DBS Bank for World’s First Fully Digitalised Bond Issuance Platform

Nivaura, a London and Italy based Fintech, has delivered the technology underpinning Singapore-based DBS Bank’s groundbreaking bond issuance platform. This is the world's first end-to-end workflow platform that spans across a bank’s entire supply chain from all internal functions and systems to external clients.

Friday, June 25, 2021 - 12:46
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/news/banking/nivaura-technology-deployed-dbs-bank-worlds-first-fully-digitalised-bond-issuance
Financial IT
Senior Leaders ESG Forum Hosted by Compeer and Objectway Highlights an Overarching Need for Common Standards

The inaugural meeting of The Senior Leaders ESG Forum brought together a group of leading wealth management firms to discuss the opportunities and challenges associated with ESG investing. 

The forum was chaired by Compeer, the benchmarking and research firm, and hosted in conjunction with Objectway, a leading digital wealth & asset management software provider. 

Friday, June 25, 2021 - 12:11
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Financial IT
ACI Worldwide Fraud Management Lauded by Retail Systems Awards

ACI’s incremental learning technology—part of its award-winning merchant fraud management solution—recognized as “Artificial Intelligence Project of the Year”

Friday, June 25, 2021 - 11:59
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/news/artificial-intelligence/aci-worldwide-fraud-management-lauded-retail-systems-awards
Financial IT
Visa to Acquire Open Banking Platform Tink in €1.8Bn Deal

Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European  consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8  billion Euros, inclusive of cash and retention incentives, to acquire Tink. 

Friday, June 25, 2021 - 11:51
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/news/apis/visa-acquire-open-banking-platform-tink-eu18bn-deal
Financial IT

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