SWIFT today publishes a new cyber report, ‘Three years on from Bangladesh: tackling the adversaries’, providing new insights into the evolving nature of the cyber threats facing the global financial community.

Key findings show that:

·       Four out of every five of all fraudulent transactions were issued to Beneficiary accounts in South East Asia^1[1]

Integral, the technology partner trusted by leading banks, brokers and asset managers to help them outperform their competition in the foreign exchange market, announced today that Arab Bank (Switzerland) Ltd. has deployed a trading app built on the Integral platform to expand mobile trading services to their institutional and corporate customers.

FICO, a leading analytics company, today announced that it has been named a category leader in the AI in Financial Services, 2019; Market and Vendor Landscape report from Chartis Research. FICO was named a category leader in both AI analytics and packaged AI applications.

A supplementary report, Vendor Analysis: FICO; Artificial Intelligence in Financial Services, 2019, takes a more detailed look at FICO’s rating and capabilities.

Worldline, the European market leader for payment and transaction services, announces the introduction of a dedicated payment solution for online marketplaces that ensures smooth payment processes between all parties in the ecosystem and supports marketplaces in attracting and retaining consumers and merchants alike.

TurnKey Lender, the market’s leading provider of lending automation solutions and services, has received accreditation from IMDA Singapore - a statutory board in the Singapore government. The Accreditation@SGD program is focused on accelerating the growth of innovative technology companies by selecting the best ones and helping them establish credibility in the eyes of local and international partners.

E-commerce is one of the greatest business success stories of the last decade. It has created jobs, injected new dynamism into our economies, created countless ‘unicorns’ and given people, who wouldn’t otherwise have had it, access to goods and services that improve their lives.

Our spending behaviour in the UK is certainly far different from what it once was. After all, how often do you now purchase goods and services using cash or coins? For many of us, physical currency is proving to be a thing of the past. In an age of rapidly increased digitalisation, our spending habits have followed a similar fate to that of the paper map or a photo album.

Yolt, Europe’s leading third party provider (TPP) of open banking technology in Europe, has announced the appointment of Cristel Lee Leed as Chief Marketing Officer (CMO). In a newly created position, Cristel joins the executive team as Pauline Van Brakel takes on her new role as Chief Product Officer (CPO) in Amsterdam. Pauline’s move follows over three successful years as Chief Customer Officer (CCO) and reinforces Yolt’s commitment to putting customers at the heart of product strategy.

Banks and building societies that are not delivering a user-friendly digital banking experience are at risk of losing customers, most of whom expect digital channels to become more important in how they manage their finances. According to findings from a new survey of 1,000 U.K. bank and building society customers conducted on behalf of Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, customers have high expectations of digital services and their financial services providers.

Gregory Pennington, one of the UK's largest and longest established debt management companies, has integrated an Open Banking solution, provided by Equifax in partnership with AccountScore, into its annual customer review process. The technology automates an often onerous operation for customers, saving time and inconvenience, as well as significantly reducing Gregory Pennington’s operational costs.