Boards are not only looking at Chief Information Officer’s (CIOs) to address operational efficiencies and IT performance, but are also focused on how they can become more customer centric, according to a survey of 1,200 UK CIOs.

We commend the FCA for its actions today related to the 2016 Tesco Bank cyber-attack. While the vulnerability exploited in this breach is still a common occurrence, it is clear financial penalties for non-compliance and deficiencies will be increasing in the future. The fraud netted cyber attackers £2.26 million in this instance.  

ICS Financial Systems Limited (ICSFS), a global software and services provider for banks and financial institutions and a Gold level member of Oracle PartnerNetwork (OPN), today announced successful and unmatched results of high-watermark benchmark performance of its ICS BANKS® Universal Banking Application on Oracle Exadata environment.

iSignthis Ltd (ASX : ISX | DE : TA8) (Company) is pleased to advise that it has today successfully secured a placement of 68,965,517 ordinary shares in the Company to a number of sophisticated and wholesale investors at a price of A$0.145 per share, raising A$10m before costs (“Placement”). The Placement was Jointly led and managed by Merchant Corporate Advisory and Petra Capital. The new shares to be issued under the Placement will rank equally with existing fully paid ordinary shares in the Company.

The Placement was conducted in accordance with ASX Listing Rule 7.1.

Worldwide travel is booming. The latest figures reveal the entire industry generated a staggering $8.27trillion in 2017.

 Identity verification specialist Onfido today announces that it has partnered with leading global remittance platform, Remitly. Onfido’s AI technology helps Remitly swiftly onboard new users to its platform, without running the risk of fraud or financial crime.

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that CNH Industrial Financial Services, a global financial services player in the Capital Goods financing business, has selected AxiomSL’s strategic platform to implement AnaCredit and local statistical (Schema-A) reporting in Belgium.

From tomorrow, identity verification checks carried out in one EU country will be valid across all member states. This is under the Electronic Identification, Authentication and trust Services (eIDAS) regulation, to which all EU states must comply by today.

Banks in other geographies don’t have as many problems as UK banks. Based on our research, UK-serving banks such as HSBC and TSB don’t do as good a job controlling the structural quality of their legacy systems. So the UK banking sector has some catching up to do in getting that kind of software intelligence.