According to the Financial Conduct Authority (FCA), financial services firms and banks in the UK are not reporting successful cyber-attacks. Megan Butler, Director of the FCA, warned that banks are still not admitting the full scale of cyber-attacks carried out every day.

Mohammed Kateeb, the Group Chairman & CEO of Path Solutions, has been named among the World’s Top 50 Most Influential Leaders in Islamic Economy in ISLAMICA 500 for the third year in a row. 

ISLAMICA 500, Edition 2018 was released on December 6^th in an exclusive private reception organized in cooperation with EDB (Economic Development Board of Bahrain) at the Capital Club Bahrain. 

Inspirational tour operator Virgin Holidays and innovative technology business CodeGen are celebrating ten years of successful partnership this week. CodeGen has powered Virgin Holidays’ bookings via its TravelBox platform for a decade, marking hundreds of thousands of long haul holidays planned and booked through the reservations, sales and administrative tool. 

Growth in card usage outpaces growth in card numbers as a result of contactless technology and wider acceptance

Increasing contactless usage and rising card acceptance fuel cards boom

The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s Global Payment Cards Data and Forecasts to 2022. In all regions, consumers are increasingly choosing cards to make purchases.

Tier1CRM, a provider of cloud-based customer relationship management (CRM) solutions for the capital markets industry, announced today that it raised $34 million (USD) in growth equity financing from a group of investors led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Salesforce Ventures.

Launched early last month, mobile payment app company SpherePay, has acquired over 60,000 users in Singapore and has actively engaged users by running campaigns and strategic partnerships with reputable brands and organizations. With its mission to be South East Asia leading localized mobile payment app, SpherePay is on track of acquiring over 1 million users by end of 2018.

Gemalto, the world leader in digital security, announces that its Trusted Service Hub (TSH) can now offer a single gateway enabling issuers to connect to the Mastercard and Visa tokenization services, simplifying the way financial institutions can launch mobile payment services.

The board of Gemalto N.V. (the Company) has noted the announcement last evening of the unsolicited and conditional proposal by Atos SE (Atos) to make a cash offer for all issued and outstanding shares of the Company at an offer price of EUR 46 (cum dividend in cash) (the Proposal). 

On November 28, 2017 Atos submitted its Proposal, valid until December 15, 2017 to the board of the Company. The Company subsequently informed Atos that it would carefully review the Proposal and respond to it before such date. 

Financial IT interviews Petko Karamotchev, Director of Industria at Fintech Connect Live 2017

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.