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Investment Banks Wasting Millions on Underutilised Software

New research from document automation business UpSlide reveals that the investment banking sector is wasting millions on underutilised and badly managed software. 

With investment banks waiting nervously for the new government’s Autumn Statement later this month following a period of macroeconomic uncertainty, investment banks are cutting IT budgets and placing greater emphasis on return on investment (ROI). 

Friday, October 18, 2024 - 10:44
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/news/banking/investment-banks-wasting-millions-underutilised-software
Financial IT
Capital One Partners with Minna Technologies to Become the First Major U.S. Credit Card Issuer to Offer Subscription Management Tools in Its Banking App

In a U.S. market first, Capital One has partnered with Minna Technologies to offer new subscription management tools directly in the bank’s mobile app, enabling its credit card customers to view and manage subscriptions from major merchants, including leading streaming media, publishing and retail brands.

Friday, October 18, 2024 - 10:39
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/news/banking/capital-one-partners-minna-technologies-become-first-major-us-credit-card-issuer-offer
Financial IT
Over £570 Million Stolen by Fraudsters in the First Half of 2024

UK Finance today releases its Half Year Fraud report, detailing the amount its members reported as stolen through payment fraud and scams in the first half of 2024.

Friday, October 18, 2024 - 10:18
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/news/cybersecurity/over-ps570-million-stolen-fraudsters-first-half-2024
Financial IT
ACI Worldwide Appoints Erich Litch as Head of Merchant Solutions

ACI Worldwide, an original innovator in global payments technology, today announced the appointment of Erich Litch as head of merchant solutions.

Friday, October 18, 2024 - 10:13
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/news/people-moves/aci-worldwide-appoints-erich-litch-head-merchant-solutions
Financial IT
Ultimate Care Partners with DailyPay to Support Employee Financial Wellbeing

Ultimate Care, a premier licensed home healthcare agency serving New York City and Westchester County, has partnered with DailyPay, a worktech company and leading provider of earned wage access.

Friday, October 18, 2024 - 10:10
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/news/infrastructure/ultimate-care-partners-dailypay-support-employee-financial-wellbeing
Financial IT
Mastercard and ASEAN Foundation Sign MoU to Launch Cyber Resilience Program to Bolster Cybersecurity Capacity Across the Region

Mastercard today signed a Memorandum of Understanding (MoU) with the ASEAN Foundation, an intergovernmental organization within the Association of Southeast Asian Nations (ASEAN), to roll out a range of initiatives across the bloc’s member states to improve the cybersecurity capabilities of public sector entities and small and medium-sized enterprises (SMEs).

Friday, October 18, 2024 - 10:08
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/news/cybersecurity/mastercard-and-asean-foundation-sign-mou-launch-cyber-resilience-program-bolster
Financial IT
FinMont and Payválida Partner to Strengthen Global E-Commerce Payments

FinMont, the global payment orchestration platform and Payválida have announced an exciting new partnership aimed at enhancing the payments landscape for e-commerce across the travel industry. This collaboration presents a unique opportunity to offer alternative payment methods (APMs) through the FinMont ecosystem, providing merchants with more efficient, streamlined payment processes.

Friday, October 18, 2024 - 10:01
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/news/payments/finmont-and-payvalida-partner-strengthen-global-e-commerce-payments
Financial IT
BPC and Arkwright Consulting Report Reveals that Challenger Processors Are Growing at Four Times the Rate of the Overall Card Processing Market

BPC, a global leader in payment solutions, has released a comprehensive report in collaboration with Arkwright Consulting, detailing the evolution of the card processing market, the ecosystem involved in facilitating and managing card-based transactions, such as credit, debit, and prepaid card payments

Friday, October 18, 2024 - 09:58
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/news/payments/bpc-and-arkwright-consulting-report-reveals-challenger-processors-are-growing-four
Financial IT
Klarna Payment Options Now Available at Checkout on Apple Pay In-App and Online

Klarna, the AI-powered global payments network and shopping assistant, is now available to users checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later. Starting today, eligible Apple Pay users in the U.S. and UK will have access to Klarna’s flexible payment offerings, including pay later in three or four installments with no interest or over longer periods with APRs starting at 0%. The global expansion will continue with Canada slated to launch in the coming months. 

Friday, October 18, 2024 - 07:53
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/news/payments/klarna-payment-options-now-available-checkout-apple-pay-app-and-online
Financial IT
TransUnion Analysis Finds Fraud Costing Businesses Equivalent of Nearly 7% of Revenues

A global TransUnion  analysis found that fraud continues to significantly impact businesses and their bottom lines.

Thursday, October 17, 2024 - 13:53
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/news/security/transunion-analysis-finds-fraud-costing-businesses-equivalent-nearly-7-revenues
Financial IT

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