Banks and insurance companies lose billions every year to fraud. The surprising magnitude of these losses is likely the result of two factors. The first is that first-party fraud is very difficult to detect. Fraudsters behave very similarly to legitimate customers, until the moment they do their Bust-Out, i.e. cleaning out all their accounts and promptly disappearing. A second factor is the exponential nature of the relationship between the number of participants in the fraud ring and the overall monetary value controlled by the operation, a feature often exploited by organised crime.

 Metamako, the leading specialist in deterministic network devices for the world’s financial institutions, was confirmed today as one of KPMG and H2 Ventures’ top 50 Emerging Stars in their list of global finance technology innovators.

Pascal Boillat is to join Deutsche Bank in the newly-created role of Chief Information Officer (CIO) and Head of Operations, Corporate & Investment Banking. 

He will join the Bank on 1 February 2016, and report to Kim Hammonds, who will become Chief Operating Officer and CIO from 1 January 2016 as previously announced. He will be based in New York until the end of 2016, when he will move to London. 

Currently there is an explosion of activity in the financial technology (FinTech) sector in the UK. Political attention is turning to the issue with David Cameron recently backing the Innovate Finance Manifesto: UK 2020 that aims to advance the UK’s standing as a leader in FinTech innovation hub.

2015 finally saw mobile payments go mainstream and, as a consequence, technologies like tokenization and host card emulation come to the fore. As we approach the end of the year, the Bell ID team has taken a moment to consider the key trends and technologies that will support the continued growth of the industry into 2016 and beyond.

MARTIN COX, GLOBAL HEAD OF SALES AT BELL ID

smartTrade Technologies, a leader of multi-asset end-to-end trading solutions, announces that the company grew globally both in number of new clients and revenue. This expansion is reinforced by key new hires, increased head count and new headquarters in 2016.

smartTrade has had a very successful year led by a strong demand from buy side and sell side firms looking for cutting-edge trading solutions in FX, Fixed Income and Equities. The company has on-boarded new clients from several regions including Australia, Canada, Central Europe, Japan, Hong Kong, Scandinavia, UK and USA.

Customers to benefit from powerful new analytics, bank-ready demonstration suite and ‘DorP’ processing

Gresham Computing plc, the leading provider of real-time financial transaction control and enterprise data integrity solutions, has released version 2.0 of its CTC Account Receivables Management (CTC ARM) offering.

Don’t drown in the waves of T2S implementation. Surf them in pursuit of lasting competitive advantages, delivered through effective liquidity and collateral management.

Mendix, a leader in digital innovation and application Platform-as-a-Service (aPaaS), and SIG, an independent advisory firm for software quality and improvement, today announced a partnership and the launch of Mendix Application Quality Monitor, a cloud-based service designed to help customers proactively monitor the maintainability of Mendix applications.

HID Global®, a worldwide leader in secure identity solutions, today announced that parent company ASSA ABLOY has entered into a definitive agreement to acquire IAI industrial systems B.V. (“IAI”), a leading provider of high-quality personalization solutions for identity documents, from its parent company DOCDATA N.V. The acquisition will bring together highly complementary offerings for government-to-citizen and other identification solutions, while positioning HID Global for overall growth and innovation in the high-volume document personalization market.