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Government Investment in Technology is Simply Not Good Enough

This level of investment does not satisfy the need

In the Budget, Mr Hammond announced:

  • £75m for artificial intelligence
  • £400m for electric car charge points
  • £100m to boost clean car purchases
  • £160m for next-generation 5G mobile networks across the UK

“These amounts are not enough by comparison to what is really needed.”

Thursday, November 23, 2017 - 10:29
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FinTech Comment on Budget Announcement
The fintech industry is going from strength to strength and the UK Government can play an important part in enabling fintechs to continue to thrive. We therefore welcome Philip Hammond’s promise to invest over £500m in numerous technology initiatives, including artificial intelligence and regulatory innovation, as well as unlock over £20bn of new investment in UK scale-up businesses. 
 
With this assurance, the government has shown a strong commitment to the fintech sector, which will hopefully help tech companies all around the UK to flourish and grow.
Thursday, November 23, 2017 - 10:18
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Atos Awarded Major Contract to Accelerate PSA Finance Bank’s Digital Transformation

Atos, a global leader in digital transformation, has been selected by PSA Finance Bank (BPF), an international supplier of mobility services, to accelerate BPF’s digital transformation thanks to Big Data applied to banking, consumer credit and consumer experience.

According to the five-year contract, Atos will manage and modernize BPF's application portfolio, particularly in light of PSA Group's new challenges related to transforming the automotive experience from ownership to everyday use.

Thursday, November 23, 2017 - 09:49
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EBANX Now Processes Peruvian Cash Payments for Chinese GearBest

EBANX, Latin American local payments processor for global e-commerces, is now processing payments in Peru for GearBest, one of the largest Chinese retail online stores, having more than 40 million users around the world. EBANX is processing the widely used PagoEfectivo cash payment method for the retailer in the country.

Thursday, November 23, 2017 - 09:42
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PDU Manufacturer Powertek Selects IaaS Hosting Provider 3W Infra as Strategic Global Reseller Partner

Powertek, a global vendor delivering intelligent and highly customized Power Distribution Units (rack PDUs) worldwide, headquartered in Hong Kong, announces a partnership with 3W Infra – a fast-growing Infrastructure-as-a-Service (IaaS) hosting provider from Amsterdam. Under the channel agreement, 3W Infra will deliver the intelligent Powertek PDUs built for flexibility and high-customization options to its global IaaS hosting clientele. 

Thursday, November 23, 2017 - 09:40
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nqobilealuswa@gmail.com
Wednesday, November 22, 2017 - 13:20
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Largest Bank in Cyprus Integrates VASCO’s DIGIPASS for Apps as Part of PSD2 Requirements

VASCO Data Security International, Inc., a global leader in digital solutions including identity, security and business productivity, today announced that Bank of Cyprus, the country’s largest bank, has secured access and transaction signing on its mobile and online banking application using DIGIPASS® for Apps.

Wednesday, November 22, 2017 - 11:06
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PayPal Launches an Invoicing Extension for Facebook Messenger
Today, we’re announcing a chat extension that enables invoicing within Facebook Messenger. The new extension will allow transactions that occur over Messenger to leverage the power and secure transactions that PayPal customers expect. The PayPal chat extension for invoicing allows sellers to create and send a PayPal Invoice directly within a Messenger conversation - complete with price and image - for the buyer to act on immediately; allowing the entire transaction to occur within the conversation.
Wednesday, November 22, 2017 - 11:03
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Make It Possible, Make It Mandatory and Then Move to the Next

Take structured e-invoicing (PDFs are pictures - worse than paper). Steps:

1. Go for a four courner model and choose a standard for all to use.

2. Convince also banks to join with the basic e-invoicing service  where any enterprenaur (20m SMEs in EU) can fill in the invoice form and press send. For repeat invoices it means copy+new invoice number + new amount + send. Nobody can claim that this is difficult.

3. For higher volumes convince ERP providers to deliver invoices in the standard into file transfer.

Wednesday, November 22, 2017 - 10:12
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Financial IT
Fidor Expands Middle East Africa Regional Hub in Dubai Silicon Oasis

Fidor, the innovative provider of digital banking solutions that helps banks launch and run their own digital brand, today puts its expansion strategy into action through its newest office extension in Dubai Silicon Oasis, the integrated free zone technology park.

Wednesday, November 22, 2017 - 10:05
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