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The ai Corporation Approved as an Electronic Money Institution

Payment and risk management experts, The ai Corporation’s (ai) and its suite of payment solutions, including machine learning risk management tools, have been granted an e-money licence by the UK Financial Conduct Authority (FCA).

Friday, July 28, 2017 - 07:46
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Worldpay US Upgrades Omni-Channel Platform

Worldpay US is introducing today a suite of new features to its omni-channel platform, Worldpay Total. The new capabilities are designed to better support the needs of existing customers as well as access to additional markets, including card-not-present and Windows®-based merchants.

Friday, July 28, 2017 - 07:44
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BofA and PayPal Collaborate on In-store Payments and Account Linking

Bank of America and PayPal today announced a strategic partnership that will soon enable Bank of America customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal.

The agreement will take effect immediately, with new experiences available to Bank of America customers in the first half of 2018 that will make it even easier for them to shop how, where and when they choose by leveraging the power and convenience of PayPal’s platform.

The two companies will work together to deliver the following enhanced experiences:

Friday, July 28, 2017 - 07:41
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CleverAdviser tops £1bn milestone as confidence in ‘robots’ booms

CleverAdviser, the cloud-based fund analysis software for IFAs which uses artificial intelligence, has reported passing the milestone of passing £1 billion of client assets through its process.

CleverAdviser was originally created in 2000 by Colum Wilde, a Cheshire-based IFA, who wanted to find a better way of protecting his clients’ investments.

Friday, July 28, 2017 - 07:20
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Open banking beginning to excite consumers but data security fears persist

With less than six months to go until the introduction of the Second Payment Services Directive (known more commonly as PSD2), new research from Intelligent Environments, a leading provider of innovative financial services technology, has revealed that the clear majority of consumers (89 per cent) are unaware of how this change will affect them.

Thursday, July 27, 2017 - 12:28
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Financial IT
Stakeholders in Global Smart City Market Seek New Funding Models to Monetise Projects

A range of financing mechanisms for market players of varying risk appetites bolsters their growth opportunities, finds Frost & Sullivan’s Visionary Innovation team

Thursday, July 27, 2017 - 11:19
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Positive Technologies BlackHat Session Demonstrates ApplePay Vulnerable to Two Attacks - At Least

In a session at Blackhat USA 2017, a senior researcher for Positive Technologies will demonstrate two separate attacks that can be performed against ApplePay, highlighting weaknesses in the payment method. While one will require a jailbroken device, the other does not.

In one attack, hackers will need to first infect a jailbroken device with malware. Having done so, they are then able to intercept traffic as it is transferred to the Apple server, in this case payment data being added to the device’s account.

Thursday, July 27, 2017 - 11:11
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Most Companies Worldwide Failing to Measure Cybersecurity Effectiveness and Performance

Thycotic, a provider of privileged account management (PAM) and endpoint privilege management solutions for more than 7,500 organizations worldwide, today announced the release of its first annual 2017 State of Cybersecurity Metrics Report which analyzes key findings from a Security Measurement Index (SMI) benchmark Survey of more than 400 global business and security executives around the world.

Thursday, July 27, 2017 - 11:06
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Banks Latest Earnings - Rethinking Profitable Avenues to Compete with New Entrants

The bank results out this week show the impact of regulatory changes, evolving customer behaviour and new players entering the sector on their quarterly earnings.

Disruptive shifts in labour movements caused by Brexit are making access to talent and expertise a key focus for financial services. The upcoming PSD2 regulation also adds a new dimension to the digital competition which banks face.

Thursday, July 27, 2017 - 10:35
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CA Technologies signs the Italian Interior Ministry

CA Technologies (NASDAQ:CA) announced that the Italian Ministry of the Interior has chosen CA identity and access management solutionsCA Application Performance Management (CA APM) and 

Thursday, July 27, 2017 - 10:32
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Financial IT

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