Ant Financial today launched the Software-as-a-Service (SaaS) version of its technology product OceanBase, a financial-grade distributed relational database that has been a key computing infrastructure for Alipay since 2010.

OceanBase is highly stable, scalable, reliable and budget-friendly compared to other traditional database solutions. In October 2019, OceanBase was ranked number one in terms of performance by the Transaction Processing Performance Council (TPC), a global non-profit that defines transaction processing and database benchmarks.

GoCompare is urging people to stay safe online as official statistics show a dramatic increase in phishing and online shopping scams, with cybercriminals looking to capitalise on coronavirus fears.    

According to Action Fraud’s figures for March 2020, coronavirus-related fraud reports have increased by 400%, with victims’ losses totally nearly £1million. 

CaixaBank, headed by Chairman Jordi Gual and Chief Executive Officer Gonzalo Gortázar, continues to help its customers and, as of April this year, will offer rental payment holiday to the eligible tenants of the homes owned by its subsidiary BuildingCenter. This measure will be in force until such time when the government declares the end of the state of alert, including any extension.

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across Europe. The move comes as 29 countries implement new limits, which will ultimately improve shopping experiences for people across the region.

Revolut Business, an innovative global business account built for growth, speed, ease and security, today released the findings of its “2020 Vision: Taking a closer look at antiquated banking practices” report.

Wolters Kluwer’s Compliance Solutions business has issued guidance about recently announced US relief measures in light of COVID 19. Last week the US Internal Revenue Service (IRS) announced “relief” for persons (i.e., individuals, businesses, etc.) to pay 2019 taxes due. On Saturday, March 21, 2020 the IRS issued a second announcement which added to the relief an extension to file 2019 federal income tax returns. The extended deadline for a person to file their 2019 tax return and pay any tax liability is July 15, 2020.

Most, if not all, financial institutions are exploring how the range of new and emerging technologies collectively known as artificial intelligence (AI) can improve their performance across a range of activities and processes.  AI offers methods and algorithms to solve various optimisation problems as efficiently as possible, that is, to close the loop in the system and achieve superior control of the phenomenon at hand. It is no wonder there continues to be keen interest in the field, despite the hype curve tailing off.

When companies are attacked, personal and financial customer information from payment card data is often the target. The Payment Card Industry Data Security Standard (PCI DSS) was designed to help protect payment data from the point of purchase and beyond.

OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Erste Bank Hungary, a subsidiary of Erste Group Bank AG, one of the leading banks in Central and Eastern Europe, has integrated OneSpan’s Mobile Security Suite into its banking app MobilBank. Erste Bank Hungary selected Mobile Security Suite to enable and protect online and mobile transactions and to comply with PSD2 requirements for authentication and dynamic linking.

 Forter, the leader in e-commerce fraud prevention, today announced the release of Forter Returns Abuse Protection.