Banks have always held vast amounts of data inside their organisations but their ability to interpret and extract value from this commodity is something they have historically struggled to achieve. With new regulations and increased competition soon to hit the market, this is set to change.

An interview with Jacyn Heavens, founder of Epos Now.

Financial IT: Hello Jacyn, first of all, we would like to thank for this interview. Could you please tell us more about Epos Now and your background?

Kickstart Accelerator, one of Europe’s largest multi-corporate, zero-equity technology accelerators, has today announced its shortlist of 30 startups for its second cohort. The startups will take part in an 11-week programme, from 4 September to 17 November 2017, and will be divided into the four verticals based in Zurich – FinTech (10), Food (6), Smart Cities and Robotics (9) & Intelligent Systems (5).

Please see below for some key stats:

Compared with online banks that have already started paving the way, traditional banks are lagging behind when it comes down to new ways of working. Several factors, such as an increasingly competitive environment (online banks cropping up left, right and centre, as well as new fintechs and regtechs, for instance), Generation Y arriving on the employment scene and the changing face of today’s customers, are all coming together to make the banking landscape a complex one.

69% of board-level executives are neglecting to ensure the UK businesses they run will comply with the General Data Protection Regulation (GDPR), according to new research from Calligo, a world-leading cloud solution provider. 

The figures were in a survey of 500 IT decision-makers in companies with more than 100 employees and £15 million turnover, examining how businesses are preparing for the new regulation.

Sopra Banking Software, trusted partner of banks, announces that Santander Consumer Bank, Santander Consumer Finance’ subsidiary, is using its platform “Direct Banking on Saas” for running its online business in Belgium. 

NYMBUS, the core banking modernization company, today announced three executive appointments and the opening of a center of strategic excellence. 

Today, Pri-Num Ltd., an award-winning United Kingdom-based digital transactions and mobile wallet platform provider, confirmed that it has now successfully migrated VTB Mobile Pay solution to Visa Token Service (VTS). 

The 60-hour Pillar Token sale, (which closed at about 9:00 PM UK-time on Monday July 17) run by Twenty Thirty), the Swiss blockchain innovation company, has raised 113,674 Ether, valued at $21.21 million with 13,446 transactions, making the average transaction 8.45 Ether (about $1,500). 

The introduction of various mobile payments solutions such as mobile payWave and in-app payments have transformed the way Singaporeans conduct their daily lives – from shopping to booking a taxi to ordering and paying for food in a variety of restaurants.