All beginnings are difficult. Studies show that, on average, nine out of ten start-ups fail (1), and the shark tank that is the financial industry isn’t exactly renowned for allowing tender start-up shoots to flourish. The risk of failure and the fierce competition should not, however, deter you from launching your own FinTech. Instead, you can learn from others’ mistakes. Anyone seeking to start a successful FinTech company should carefully examine why others fail and avoid making the same mistakes.

NYMBUS®, the core banking modernization company, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type 1 examination for its flagship SmartCoreâ and SmartDigitalÔ platforms. Conducted by data security compliance leader 360 Advanced, Inc., this rigorous audit and certification attests to NYMBUS’ high security protocol and effective compliance with today’s stringent regulatory environment.

On Friday, December 8, B-Hive and Stockholm Fintech Hub signed a Memorandum of Understanding that will allow them to collaborate and cooperate through areas of mutual interest.

Fabian Vandenreydt, Executive Chairman of B-Hive, signed the MoU alongside Matthew Argent, CEO and Founder of Stockholm Fintech Hub, which states that both hubs mutually agree on the expediency of further cooperation in several areas, including a mutual exchange of trends, research and more.

Slush and Connecting with Stockholm

For 60 years now the IAEA has been working for the safe, secure and peaceful use of nuclear power globally, supporting its members worldwide in establishing the highest safety standards for operating nuclear power plants. Today, this also includes effective contingency planning for managing cyber-attacks. The attack on Iran's Bushehr nuclear power plant with the Stuxnet malware in 2010 illustrated that nuclear facilities are the target of cyber-attacks and that these attacks can lead to physical damage. 

Fidessa group plc today announced that R.J. O'Brien has signed a global agreement to distribute Fidessa's award-winning futures and options workstation in order to meet demand from its institutional clients, initially in the UK and Europe.

Crédit Agricole Payment Services and Wirecard announced today that they have signed a letter of intent to enter into exclusive negotiations to conclude a partnership to offer an innovative and differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring.

Digital banking is growing in popularity with 53% of consumers using or willing to move to an online or mobile only bank — 27% have moved already, while 26% are considering the switch. This is according to research commissioned by Relay42, the leading data management platform (DMP) company that empowers marketers to orchestrate customer journeys. 

Stress tests approached in the right way can play an important strategic role and contribute to a bank’s business performance. That’s according to Wolters Kluwer’s Finance, Risk & Reporting experts from across EMEA, APAC and North Americas. Here Sarfaraz Ahmed, Xavier Dubois, Bart Everaert, and Jeroen Van Doorsselaere) explain for Financial IT how devising the right technology infrastructure can ensure stress tests are used strategically.

Aeon Bank Ltd., a Japanese new style bank, has announced that they had introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number.