Delivering an excellent customer experience and managing risk are among financial institutions’ top priorities. Notably, these priorities are solidly linked: as life moves faster and new technologies are introduced to help make our financial lives easier, the risks also grow. When money moves quickly there is less time to catch fraud, and proliferating channels mean there are more entry points to monitor.

New research from cyber security provider F-Secure points to spam as an attack vector to watch out for this holiday season. Spam campaigns disguised as delivery notifications or online shopping invoices have been popular with cyber criminals all year long, and researchers say these tactics can prove even more effective around the holidays. 

Jake Ranson, Banking & Financial Institutions Expert and CMO at Equifax UK, believes consumers will begin experiencing the full benefits of Open Banking in the year ahead:

January 2019 marks the first anniversary of Open Banking, and we can expect it to play a central role in the banking sector for the year ahead. As more companies evolve the new technology into live customer journeys, consumers will really begin to experience the full benefits of the proposition and demand for Open Banking will increase.

Rubrik is the market leader in Cloud Data Management, the world's first platform to orchestrate data for hybrid cloud enterprises anytime, anywhere. Rubrik blends future-proof architecture with consumer-grade simplicity to pioneer a fresh approach to an old problem.

Databarracks managing director Peter Groucutt commented: “Rubrik is an incredibly impressive company. The way the team has taken it to market and seen such incredible growth is a terrific story but beneath it all is fantastic technology.

TLT’s Opportunity Knocks report on Open Banking, which draws on research involving 130 senior decision makers across UK financial services, highlights a growing tension between data sharing – the basic tenet of Open Banking – and high profile data breaches, as customers grow increasingly aware of and sensitive to data security issues. 

Ingenico Group, the global leader in seamless payment, is transforming how international online merchants can do business in Russia, by offering domestic processing and cross-border settlement for international payments for the first time.

Currencies Direct a leading international payments and foreign exchange provider and a member of Ripple’s network (RippleNet) - announced today that it will expand its plans to use Ripple’s xCurrent product to India.  xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking for customers.

Instant and Certain Settlement

PFU (EMEA) Limited, a Fujitsu company, the world's leading scanner manufacturer, today announced it has been selected by Flybe to improve the management of crucial maintenance documents within its maintenance, repair and overhaul (MRO) division. Integrated into solutions provider InSite Data Systems’ DocuStore document management software, the Fujitsu N7100 enables teams to scan, review and approve important paperwork in less than 24 hours.

Finantix today announced that it has signed an agreement with Motive Partners, a global private equity firm focused on growth investments in financial technology companies.

Motive Partners will become a majority shareholder in Finantix and will support the company and the founders in extending the functional footprint of the product and in accelerating geographic expansion.