“Smishing”, a twist on the “phishing” scam, is an old scam that evolves each time new technology comes along. When banks started offering telephone services, fraudsters would impersonate a bank and call customers  with criminal intent. As banks moved to providing online services and apps, fraudsters started emailing customer statements, fake websites popped up and phishing emails started to make the rounds. These SMS smishing scams are taking advantage of the consumer’s push for more mobile-friendly and innovative ways to communicate and interact with their financial institutions.

Yorkshire Building Society is the second largest building society in the UK. It has a national network of branches and agencies, assets of £38.5 billion, employs approximately 4,600 people and has 3.3 million customers.

In addition to replacing their existing estate with brand new NCR ATMs, NoteMachine will be providing additional services such as automated deposits, mini-statements and voice guidance for visually impaired customers.

British cybersecurity pioneer Solfyre and London based SafeShare Global, an insurance and technology startup enabling the sharing economy, have today announced a partnership to develop the world’s first identity theft and identity fraud insurance solution.

Toronto-based Rakuten Kobo Inc., one of the world’s most innovative eReading companies, has selected Worldpay, a leader in global payments, to manage its online payment processing and acquiring in Canada. Rakuten Kobo had been working with Worldpay in the US, Europe and Japan, and will now benefit from the eCommerce provider’s broad range of payment solutions and global expertise in its home country. 

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Unity Bank Plc, located in Nigeria, has successfully implemented Corillian Online® from Fiserv to deliver a new retail online banking experience to its customers. Unity Bank Plc is one of Nigeria's leading retail banks with 238 business offices spread across the 36 States and Federal Capital Territory.

Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, is pleased to announce that Linedata Capitalstream, the Best-in-Class solution that provides leading financial institutions with the tools and services they need to automate multiple lines of business around the globe, has partnered with Meridian.

BANKS MUST MOVE FROM A PRODUCT-BASED PARADIGM TO ONE THAT PUTS THE CUSTOMER IN THE DRIVER’S SEAT.

Banks today are grappling with an overly simplistic understanding of their customers combined with a vastly complex product set with only very subtle differences, frequently unappreciated by customers. All of this comes at a significant cost in terms of operations, technology, and service.

The European Commission’s long-awaited official proposal for a one year extension to the MiFID II deadline is finally published today. In short, application dates will be pushed back by one year, with the official go-live date now set for Wednesday 3rd January 2018.