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Consumers No Longer Believe Passwords are The Most Secure Method for Authentication

As more consumers engage with businesses digitally to bank, shop or pay, online security remains the top concern. Survey insights from Experian’s annual Global Identity & Fraud Report found that since the pandemic, consumers have an increasing level of comfort and preference for physical and behavior-based – or invisible – methods of security. In fact, for the first time in four years, passwords did not earn a spot in the top three most secure methods for authenticating a customer’s identity. 

Thursday, April 8, 2021 - 11:46
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Financial IT
FICO Survey: UK Banks Struggled with COVID-19 Fraud and Money Laundering Surge

As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention.

Thursday, April 8, 2021 - 11:29
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Financial IT
Square Announces Early Access Programme for Ireland Businesses

Square, the globally trusted software, payments, and hardware solution for businesses of all sizes, today announces an Early Access Programme in Ireland, offering exclusive access to an integrated suite of tools to seamlessly sell in-person and online. This limited-space programme is now seeking SMEs across Ireland who want access to the only comprehensive solution of its kind.

Thursday, April 8, 2021 - 11:22
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Financial IT
NFTs Market Cap Experienced A CAGR Of 187% From 2018-2020 - $55M In Revenue For 2020

Non-Fungible Tokens or NFTs as they are colloquially known are the newest trend to come out of the blockchain sphere. NFTs are one-of-a-kind digital certificates that prove ownership of a digital asset. The authenticity of such assets are verified through the blockchain mechanism giving way to a whole new realm of digital collectables. Blockchain’s recent innovation is raising some eyebrows, as the value of NFTs has grown significantly over the last few years.

Thursday, April 8, 2021 - 10:34
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Financial IT
HPS Completes the Acquisition of ICPS

HPS Group today announces the completion of the acquisition of ICPS in Mauritius, which was first announced on February 9th, 2021.

Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and ICPS proceeded on April 7th 2021 to sign the reiterative deed of sale related to 80% of the shares of the company ICPS.

Thursday, April 8, 2021 - 09:38
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/news/payments/hps-completes-acquisition-icps
Financial IT
SteelEye Raises Additional Capital as it Eyes Expansion into North America

SteelEye, the UK-based compliance technology and data analytics firm, today announces its plans to bolster its footprint by expanding into North America.

SteelEye, which has seen rapid growth in Europe since launching in 2017, delivers a comprehensive SaaS-based regulatory technology (regtech) platform that allows banks, brokers, and asset managers to simplify their compliance processes across various EU, UK and now U.S., market regulations. 

Thursday, April 8, 2021 - 09:28
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/news/security-and-compliance/steeleye-raises-additional-capital-it-eyes-expansion-north-america
Financial IT
Starling Bank Joins Funding Options’ Lending Panel to Support SME Recovery
Funding Options has joined forces with digital bank Starling Bank to deliver business critical access to finance as SMEs across the UK rebuild following a turbulent year. 
 
Thursday, April 8, 2021 - 09:18
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/news/banking/starling-bank-joins-funding-options-lending-panel-support-sme-recovery
Financial IT
Logi Analytics has been acquired by insightsoftware.

insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, today announced it has acquired Logi Analytics, the leading provider of embedded analytics solutions for software providers. Addressing an emerging trend, the deal positions insightsoftware as a leader in integrating financial and operational reporting and expands the company’s market opportunity through embedded analytics for commercial software organisations and corporate application teams. Terms of the deal were not disclosed.

Thursday, April 8, 2021 - 08:49
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/news/ma-deals/logi-analytics-has-been-acquired-insightsoftware
Financial IT
The Digital Token Identifier Committee at Etrading Software is looking for new members.

Etrading Software (ETS), global provider of technology-led solutions designed for financial institutions and industry initiatives, acting as an exclusive Registration Authority, (RA), for the new International Organization for Standardization’s, (ISO), standard for Digital Token Identifiers (DTIs) is today calling for new members for its Product Advisory Committee (PAC) with an application closing date of 17th May 2021.

Thursday, April 8, 2021 - 08:31
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/news/digital-identity/digital-token-identifier-committee-etrading-software-looking-new-members
Financial IT
Glenhawk to Partner with Twenty7Tec as it Eyes Further Loan Book Growth

Glenhawk, the fast-growing UK challenger lender, has partnered with mortgage platform provider Twenty7Tec.  Glenhawk’s regulated products will be available on Twenty7Tec’s proprietary SOURCE platform, which has seen a significant increase in users during the pandemic, as a result of the resilient homeowner market and continued retrenchment of the high street banks. 

Thursday, April 8, 2021 - 08:15
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/news/lending/glenhawk-partner-twenty7tec-it-eyes-further-loan-book-growth
Financial IT

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