Digital consultancy, 4C, has released new research today revealing financial services companies are losing millions of pounds due to manual processing of agreements. The average loss is over £10 million a year, while three in ten (31%) finance companies lose £1 million or more a year.

London-based fintech firm Mode has opened a waiting list for its soon-to-be-launched crypto banking mobile app, designed to make cryptocurrencies, and all their untapped financial benefits, accessible to everyone at the touch of a button.

With its new product, Mode aims to bring down barriers and open up the world of cryptocurrencies to everyone, not just the tech-savvy and the traders. The Mode app will be an easy pathway for everyone else to get immediate access to this revolutionary new asset class.

Business coaching giant, ActionCOACH, has become the latest official partner of the Northern Powerhouse, joining forces to boost the profile of the North as a key place to do business in the UK. ActionCOACH, the world’s largest business coaching firm, currently works with business owners from all over the region, supporting entrepreneurship, business growth, whilst creating employment, wealth and economic vibrancy. The partnership provides the perfect opportunity to take things to the next level.

More than 60 delegates from the UK’s leading banks and other financial organisations have been told that the whole sector can work more closely together in order to stay one step ahead of fraudsters. That was one of the key messages shared at The 5th Annual Conference for Cheque Imaging & Remote Deposit Capture, which was held recently (Thursday 3^rd October) in London.

 Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and Sisense, a leading platform for analytics builders, announced the incorporation of Sisense’s embedded data analytics into Broadridge’s revenue and expense management application.

Worldline, European leader in the payments and transactional services industry, announces that it has gained one place in the Sustainalytics ranking and became the 4^th out of the 229 companies assessed in the Software and Services industry. For the second year in a row, Sustainalytics has recognised the company’s leadership in sustainability-related matters by giving an overall ESG score of 78/100.

National Bank of Canada (NBC), one of Canada’s six systemically important banks, has successfully implemented and is now live on Murex’s MX.3 Risk and Regulatory Suite. NBC is leveraging the full power of the MX.3 platform for capital markets risk management and to meet its regulatory responsibilities, including compliance with Basel 2.5.

The project was sparked by three key factors:

-          An aging legacy system that was no longer able to keep pace with growing risk and regulatory demands;

ICS Financial Systems to hold One-on-one user experience (UX) and completes a 4-week assessment and training sessions at SOFIBANQUE for Full ICS BANKS Products Optimization

ICSFS uses different methods for post-go live, continuous support, customer satisfaction and knowledge development methodologies, of which conducting intensive assessment and training sessions and one-on-one user experience (UX) to its customers, in order to enhance ICS BANKS user’s know-how and give attention to its customers journey to expand ICS BANKS’ bundle of products.

Less than three months after the Klarna took London’s Covent Garden by storm, the team behind the Pay later revolution have opened the doors to the new ‘House of Klarna’ in Manchester. 

Set in the heart of the vibrant Manchester shopping district, the latest innovation by the UK’s best loved payment brand showcases over 26 of the biggest names from the British retail. With a mixture of online and high-street brands including ASOS, Mothercare, Samsung, Oliver Bonas and Beauty Bay showcased over three floors, this is a curated collection for every kind of shopper. 

One of the most important pieces of legislation created to crack down on cyber fraud has come into force. Strong Customer Authentication (SCA) is a critical part of the Second Payment Services Directive (PSD2). This legislation comes at a time when fraud has reached critical levels across Europe, with the European Central Bank estimating the continent suffers from £1.3 billion in online fraud each year. This number is set to increase, as the number of people making payments via digital wallets internationally is expected to skyrocket from 2.3 billion to nearly 4 billion this year.