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Accenture to Develop UAE National Instant Payment Platform

 Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years.

Wednesday, February 2, 2022 - 13:52
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/news/payments/accenture-develop-uae-national-instant-payment-platform
Financial IT
CUBE and LogicGate Partner for Comprehensive Regulatory Compliance Solution

CUBE and LogicGate partner to offer customers holistic and proactive regulatory solution that will automate their manual processes 

Wednesday, February 2, 2022 - 13:12
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/news/regtech/cube-and-logicgate-partner-comprehensive-regulatory-compliance-solution
Financial IT
Commerzbank and Fraunhofer Whitepaper: Big Data, Blockchain, Internet of Things and Artificial Intelligence Set to Revolutionise Trade and Supply Chain Finance
  • Whitepaper sees trade and supply chain finance industries at a turning point
     
  • Report identifies building blocks of the new trade finance ecosystems
Wednesday, February 2, 2022 - 13:01
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/news/blockchain/commerzbank-and-fraunhofer-whitepaper-big-data-blockchain-internet-things-and
Financial IT
Charles Taylor Joins the Ai Battle Against Fraud by Investing in Cutting-edge Insurtech

Charles Taylor, the provider of claims and technology solutions to all parties in the global insurance market, has entered into a partnership with Fraud Keeper (FK), acquiring a majority share of the company.

Wednesday, February 2, 2022 - 12:43
45302
/news/insurtech/charles-taylor-joins-ai-battle-against-fraud-investing-cutting-edge-insurtech
Financial IT
Splitit Finds Over Half of Uk Credit Card Holders Plan to Use Buy Now, Pay Later in 2022
  • Over half of UK credit card holders (54%) plan on using a Buy Now, Pay Later (BNPL)1 service within the next 12 months.

  • 46% agree using a BNPL service is a smarter way to manage their finances.

  • In the next year, a fifth (20%) plan to use a BNPL service over four times.

  • Just under half (49%) agree they prefer a BNPL service that works with their current credit card(s).

Wednesday, February 2, 2022 - 12:03
45301
/news/payments/splitit-finds-over-half-uk-credit-card-holders-plan-use-buy-now-pay-later-2022
Financial IT
Failure of 'easy' Resolutions Show It Is Time for Brits to Take a Long-term View
  • People believe popular new year’s resolutions such as exercising or eating healthily are easier to commit to than saving into their pension
  • Less than half of adults say they would easily commit to saving an extra £75 a month into their pension
  • One in five people don’t currently save into their pension each month
Wednesday, February 2, 2022 - 11:42
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/news/digital-banking/failure-easy-resolutions-show-it-time-brits-take-long-term-view
Financial IT
Fed Delivering on Rate Hike Expectations Most Significant and Probable Macro Risk in 2022

Risks identified as part of Validus Risk Management annual macro risk analysis, highlighting probability and currency implications of market risks

Wednesday, February 2, 2022 - 11:36
45299
/news/risk-management/fed-delivering-rate-hike-expectations-most-significant-and-probable-macro-risk
Financial IT
Transaction Reporting Errors Expose Huge Gaps for Market Abuse and Systemic Risk Monitoring

      ACA Group research has detected more than 6 million transaction reporting errors across a sample of 30 review projects, averaging 200,000 errors per review 

·         97% of reports under MiFIR/EMIR contain inaccuracies 

·         Despite this, 87% of firms are confident in the quality of their reports 

·         FCA may have crackdown in its sights 

Wednesday, February 2, 2022 - 11:00
45298
/news/transaction-banking/transaction-reporting-errors-expose-huge-gaps-market-abuse-and-systemic
Financial IT
Menlo Security Finds Cloud Migration and Remote Work Gives Rise to New Era of Malware, Highly Evasive Adaptive Threats (HEAT)

Menlo identified 224 per cent increase in HEAT attacks in the last six months fuelling ransomware surge

Wednesday, February 2, 2022 - 10:55
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/news/cloud/menlo-security-finds-cloud-migration-and-remote-work-gives-rise-new-era-malware-highly
Financial IT
Former Pilot’s Lending Business Flying High With Increased Bank Backing
  • Bridging loan company aims to double lending book in 12 months
  • Cheadle lender plans to expand in all areas including product enhancements and increasing its maximum loan size having recently lent £3.87m in one week
  • Shawbrook Bank continues to back firm with increased wholesale facility
Wednesday, February 2, 2022 - 10:30
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/news/banking/former-pilots-lending-business-flying-high-increased-bank-backing
Financial IT

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