When it comes to cyber security, it can be more beneficial to use a credit card rather than a debit card- especially in today’s marketplace where consumers pay more often than not in the online environment.

The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule issued under the Real Estate Settlement Procedures Act (RESPA).

The game has changed. Agile start-ups, and truly innovative insurers have proved that the customer is responding to products and services that match their lifestyle choices and inspire engagement. Should your organisation have the courage to make innovation a reality there is a huge opportunity to both secure your customers’ future loyalty and attract new ones too.

However, one real challenge lies in convincing new and existing customer of the true value of these offerings through effective marketing and communications campaigns.

This Sunday marks the first anniversary of the Open Banking initiative. This ground-breaking reform changed previously rigid rules to make the financial services sector more competitive and focused on the customer.  

Cloud-based digital banks have taken advantage of this initiative by offering better services to customers, as 8 out of 10 Millennials say they would switch banks for personalised service. Such fintech players and challenger banks now account for 20 per cent of the banking and payments market in Europe. 

Ahead of the one year anniversary of the implementation of Open Banking on 13 January 2019, Jake Ranson, Banking & Financial Institutions Expert and CMO at Equifax UK, believes both consumers and companies will benefit from the growing development and impetus of Open Banking in the year ahead:

This Sunday marks the first anniversary of the Open Banking initiative which was designed to increase competition and ensure a better experience for account holders. The last year has seen a sharp rise in the number of new fintech start-ups entering the market, putting 35 per cent of the revenue of traditional banks at risk.

Omnio Group, a banking and payment services provider formed by the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, has partnered with student travel specialist, STA Travel, to launch its innovative STA Travel Mastercard and digital account on the Austrian market. 

For too long technical expertise has been seen as the marker of a strong candidate for development into a sales or leadership position. Sales and leadership candidates are tasked with demonstrating a diverse and wide-ranging set of technical skills, yet their aptitude in these technical skills or ‘hard skills’ cannot signify great leadership potential. This is why a healthy balance of soft skills and technical ability is required.

The ecommerce payments landscape is evolving as mobile and alternative payment methods rise in popularity.

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has today added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX), a state-of-the-art exchange created with the high expectations of professional crypto-traders in mind.