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Shoulder Surfing: Exploring Ways to Curb Smartphone Fraud

Smartphones are pivotal in both our personal and professional lives. These devices grant access to everything from communications with family and colleagues to banking, payments, and other online services. Such convenience, however,  brings with it significant risks. A growing threat faced by individuals and businesses alike is shoulder surfing – the act of spying on someone’s screen to steal sensitive information, such as passwords, PINs, or banking credentials.

Friday, October 11, 2024 - 10:03
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Financial IT
Navigating the Complexities of Internal Client Money Reconciliations

The strength of any financial organisation hinges on its ability to manage data effectively. In the financial services sector, where data permeates every facet of business operations, efficient data management is crucial for maximising value and minimising operational costs.

Friday, October 11, 2024 - 10:00
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Financial IT
ClearBank Onboards First Clients to T2 European Payments System

ClearBank, the enabler of real-time clearing and embedded banking, today announced it has successfully onboarded its first European clients to the Eurosystem’s payment rail, T2.

The fintech clearing bank welcomes OpenPayd, Pay Perform (which trades as Orbital), and Transact Payments, which will all benefit from real-time transactions in Euros.  

Friday, October 11, 2024 - 09:56
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Financial IT
2025 Fintech Pledge Coalition Publishes First Impact Report as It Reaches 57 Members and Achieves 70% of Campaign Objective

The 2025 Fintech Pledge , a campaign launched by Zopa Bank and ClearScore two years ago to improve consumers’ financial resilience, has today unveiled its first Impact Report

Friday, October 11, 2024 - 09:52
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Financial IT
Imprint Raises $75 Million Series C

Imprint, the leading provider of modern co-branded credit cards, today announced it has raised $75 million in a Series C financing led by Keith Rabois at Khosla Ventures, with participation from existing investors including Thrive Capital, Kleiner Perkins, and Ribbit Capital. This latest financing round elevates Imprint’s valuation to $600 million, reflecting its continued momentum following several recent partnerships with leading brands.

Friday, October 11, 2024 - 05:40
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Financial IT
Citi and Mastercard Join Forces to Transform Global Cross-Border Payments

Today, Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Leveraging Citi’s WorldLink® Payment Services and Mastercard Move’s money transfer capabilities, Citi clients can make near-instant, full-value payments, with near 24/7 availability to consumers using their Mastercard debit card details.

Friday, October 11, 2024 - 05:35
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Financial IT
Lendbuzz Completes $262 Million Asset-Backed Securitization

Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $262 million securitization (“LBZZ 2024-3”) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans.

Friday, October 11, 2024 - 05:23
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Financial IT
Doconomy Announces Carbon Footprint Feature Launch Within Citibank Hong Kong’s Wealth360 App
Friday, October 11, 2024 - 05:19
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Financial IT
Cytora and Kroll Ink Partnership to Provide Commercial Insurance Underwriters With New Insights Into Values and Risks
Cytora, the leading digital risk processing platform, has partnered with the leading independent global risk and financial advisory solutions firm, Kroll
 
Friday, October 11, 2024 - 05:12
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Financial IT
Young People Face Growing Financial Anxiety Amid Rising Costs and Social Media Pressure

New research from Virgin Money reveals the importance of early financial education and positive money management habits.

Friday, October 11, 2024 - 05:08
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Financial IT

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