As many as 25 banks in seven European countries have reached the first milestone for PSD2 compliance on time, via the PSD2 compliance solution and services from equensWorldline SE, European leader in the payments and transactional services industry and a subsidiary of Worldline.

Payments leader Klarna has today entered several new verticals — joining forces with healthcare payment specialist Finance 4 Group, to revolutionise payments in the veterinary, optical and dental industries. The new partnership means practices signed up to Finance 4 Group will now have access to Klarna’s Slice it, credit account solution.

CryptoCompare, the leading provider of cryptocurrency data and indices, and BitMEX, the world's most advanced cryptocurrency derivatives platform, today announced a partnership to deliver a definitive, real-time cryptocurrency futures dataset to institutional investors via the Refinitiv Eikon terminal.

The BitMEX dataset, sourced from the largest and most liquid cryptocurrency futures marketplace in the world, will be delivered to Refinitiv via the CryptoCompare contributions conduit and integrated into Eikon.

Since MiFID II was implemented at the start of 2018, financial markets have struggled to adapt to the new and rigorous regulatory requirements. Recently, high profile cases have brought the consequences of non-compliance into the spotlight, with UBS and Goldman Sachs both receiving fines of £27.6m and £34m respectively, for misreporting their data.

UniCredit has today announced a collaboration with FinDynamic, an Italian fintech company offering dynamic discounting programs, as it seeks to enhance its working capital offering for corporate clients.

As part of the agreement, UniCredit has also taken a minority equity stake in the business – highlighting the bank’s willingness to partner with the right fintechs in order to drive innovation.

How easy is it for cyber criminals to get past weak passwords? How do they do that?

‘Brute force attacks’ are a common tactic used by cyber-criminals. These attacks use automated software to guess as many combinations as quickly as possible. Short passwords under 9-12 characters are particularly vulnerable to these attacks.

Omnio Holding Sàrl, the holding company of Omnio Group, today announced the appointment of Robin Dear as its Chief Financial Officer (CFO), effective June 10, 2019.  Omnio is an advanced public cloud core banking platform that provides flexibility and omnichannel functionality across retail and digital channels for banks and non-banks.  

New research from Luxoft, the global technology services and consulting partner, has revealed that Tier one, Tier two and Tier three investment banks are overconfident for the EU’s new Securities Financing Transactions Regulation (SFTR), which comes into force next April.

Corfinancial, a leading provider of specialist software and services to the financial services sector, has been chosen by technology and services innovator Archer to provide Archer’s investment management clients with advanced portfolio and model construction through the integration of corfinancial’s BITA Risk suite of products.

BeyondTrust, the worldwide leader in Privileged Access Management, has released the 2019 Privileged Access Threat Report. In its fourth edition, the global survey explores the visibility, control, and management that IT organizations across the globe—including the United Arab Emirates (UAE) and Saudi Arabia―have over employees, contractors, and third-party vendors with privileged access to their IT networks.