Mark Hendry, Director of Data Protection and Cyber Security at global legal business, DWF, comments on the Fastly outage the online presence of major organisations.

CDC Group, the UK's development finance institution (DFI) and impact investor, today announces a new US$50 million risk-sharing facility with Absa Bank Limited (Absa). The commitment increases Absa's capacity to offer financing solutions to Micro, Small and Medium Enterprises (MSMEs) and households across Sub-Saharan Africa through Microfinance Institutions & Non-Bank Financial Institutions (MFI & NBFIs). 

With nearly 9.4 billion euros invested in Financial Technology across Europe in 2020, it’s clear that FinTech, InsureTech and RegTech businesses are transforming the way we are all doing banking. These fast- growth, innovative firms are adopting often ground-breaking technological advances to provide consumers with greater accessibility, security and usability, all the time making it easier for them to manage and keep track of their money. 

BSO, the global pioneering infrastructure and connectivity provider, announced today that it has opened a new office in New Jersey with 20 staff members.

• 68% of European financial executives say the pandemic has increased their focus on open banking (Vs 72% in the UK)
• This shift is propelling banks to concentrate their efforts on the creation of digital services, improving the customer experience and restoring profitability

Nutanix, a leader in private, hybrid and multicloud computing, today announced the launch of the Nutanix Elevate Service Provider Program, further extending the benefits of the Elevate Partner Program to now include service providers globally.

Pannovate, an established and award-winning digital solution provider for the financial services sector, has been certified by Visa to join the innovative Visa Ready partner programme. The ‘Certified by Visa’ mark is trusted recognition by the global payments ecosystem and enables Pannovate to accelerate its growth by providing digital-first solutions, and access to Visa’s products and go-to-market expertise.

This month virtual network service provider 

Far from operating in the shadows, criminals disguise their activities as legitimate businesses to hide illicit funds. Failing to understand who you are doing business with, or the status of the client counterparty (KYC) or the Ultimate Beneficial Owner (UBO), increases your organisations’ risk of financial crime or reputational damage.

Even before the pandemic, the global digital banking market had been growing rapidly, with millions of people choosing an app or web-based bank over a traditional high-street financial institution.

However, the COVID-19 had accelerated the shift to digital banking like never before, as customer expectations changed during the pandemic.