With mobile banking apps becoming a staple, cybercriminals have started to take a serious interest in compromising these devices. New, sophisticated methods of attack have rendered the classic username-password scheme outright obsolete. Even the more secure but still basic two-factor authentication seems insufficient as hackers have found ways to dupe users into entering pass codes into fake user interfaces.

Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”), is now available for mainland Chinese travelers at over 1,150 Starbucks branches across South Korea. Alipay is the first third-party mobile based payment method enabled nationwide at Starbucks in Korea. Adding to the e

Norwich City Council has signed a five year deal with Advanced to kick-start the digital transformation of its financial and HR operations. The Crown Commercial Service agreement will see the district council implement an on-premise solution to automate and integrate its core digital processes, which will improve working practices for its staff and deliver more efficient services for its 137,000 residents.

A global leader in online multi-asset trading services, OANDA has introduced a new pricing model for several key indices that enables clients to access spreads as low as 0.5 when they trade the AUS200, FTSE100, GER30, NAS100 and the DOW30. Designed to reduce the cost of trading indices, the new tighter spreads are available to any client trading on the OANDA V20 platform during local market hours. Clients who are currently trading on OANDA’s legacy platform should open a V20 sub account in order to access the tighter spreads:

GridGain® Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite(TM), today announced that London-based FSB Technology (UK) Ltd., which provides real-time sports betting platforms as a fully-managed service, is relying on GridGain Enterprise Edition to ensure real-time performance and scalability of their PostgreSQ

Microsoft and Beyond.pl signed an agreement allowing Polish customers to process their data with Microsoft Azure at a local Polish data center. Data Center 2 in Poznań thus became the first Azure Stack cloud location in both Poland and Central and Eastern Europe. Beyond.pl will offer selected Azure services from Q2 2018. Joint Azure Stack offer by Microsoft and Beyond.pl opens up a new opportunity to utilise full potential of Microsoft Azure for businesses and institutions with specific requirements regarding data storage and processing in Poland.

FinTech provider Simplitium, today announces the delivery of their new user interface for ModEx, the multi-peril catastrophe (cat) risk modelling platform operated on the Oasis Loss Modelling Framework (LMF). The new user interface provides firms with a centralised source for their cat model requirements via a single access point (modex.simplitium.com). There is no client-side installation required.

Established in 1981, Ortec Finance has become a specialist in goal-based wealth planning and financial planning solutions that can be tailored for individual markets. The firm’s OPAL product is a global market leader in jurisdictions where regulation such as the Retail Distribution Review and MiFID II has had a significant impact on the wealth management sector. By using OPAL, customers benefit from sophisticated, fully integrated economic wealth projections that are usually only available in the institutional market.

Joint Electronic Teller Services Limited (“JETCO”) today announced the launch of JETCO Pay Merchant Payment service jointly with eight banks, including Bank of Communications (Hong Kong), Bank of East Asia, Chong Hing Bank, Dah Sing Bank, ICBC (Asia), OCBC Wing Hang Bank, Shanghai Commercial Bank and Wing Lung Bank. 

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, announced today the launch of Digital Debt Management system, IDM 18, a contemporary technology solution that can help banks and NBFIs in dramatically improving their recoveries, and reduce the stress on their financial assets.