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Market Logic and Visa Win 2020 BIG Innovation Award

Market Logic announced that Visa & Market Logic have been named a winner in the 2020 BIG Innovation Awards presented by the Business Intelligence Group.

Thursday, January 23, 2020 - 19:36
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Financial IT
SatchelPay: financial operations made simple

Thursday, January 23, 2020 - 19:00
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EMQ Opens Gateway to China
EMQ Opens Gateway to China

EMQ, a global financial settlement network today announced that customers from around the world can make secure and reliable cross-border money transfers to their family or friends leveraging the company’s extensive real-time pay-out network.

Thursday, January 23, 2020 - 12:56
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Financial IT
Persons With Significant Control: PSCs
Thursday, January 23, 2020 - 12:51
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Financial IT
LIBOR to survive the RFRs

Neither IBORs nor RFRs; firms should ready up to work with both types of benchmarks and reference rates for the foreseeable future.  The quantitative finance focused publications of 2019 have highlighted that replacing forward looking term rates (IBORs) with convexity-adjusted overnight rates compounded in arrears (RFRs) could lead to discrepancies with actual market conditions, liquidity issues, or even result in the fragmentation of benchmark rates moving forward. 

Thursday, January 23, 2020 - 12:34
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Financial IT
Intel Examines Whether AI Can Recognise Faces Using Thermal Imaging
Intel

Researchers from Intel have published a study examining whether AI can recognise people’s faces using thermal imaging.

Thermal imaging is often used to protect privacy because it obscures personally identifying details such as eye colour. In some places, like medical facilities, it’s often compulsory to use images which obscure such details.

AI is opening up many new possibilities so Intel’s researchers set out to determine whether thermal imaging still offers a high degree of privacy.

Intel’s team used two sets of data sets:

Thursday, January 23, 2020 - 12:11
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/news/artificial-intelligence/intel-examines-whether-ai-can-recognise-faces-using-thermal-imaging
Financial IT
Monzo and Starling Among Account Switching Winners
Monzo and Starling

Just five UK banks, two of them challengers, managed a net gain of customers in the third quarter of 2019, according to figures from the Current Account Switch Service.

Nationwide Building Society continues to have the largest net switching gain among the Current Account Switch Service’s 49 participant, putting on 25,355 customers in the quarter. Digital challenger Monzo gained 21,576, HSBC 17,204, Starling 7,075 and tiny ethical player Triodos 409.

In contrast, Halifax saw the biggest net loss, shedding 15,714, with NatWest losing 9,885 and Lloyds 8,076.

Thursday, January 23, 2020 - 12:05
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/news/retail-banking/monzo-and-starling-among-account-switching-winners
Financial IT
F-Secure UK awarded grant to research autonomous vehicle network security

Cyber security provider F-Secure has won a £25,000 grant to research the security of connected and autonomous vehicle (CAV) networks. The research will leverage F-Secure Consulting’s expertise in securing critical national infrastructure to help the company contribute to the integrity and trustworthiness of the emerging CAV ecosystem.

Thursday, January 23, 2020 - 12:01
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Visa Takes 'Access To Cash' Programme Industry-Wide
Visa

Visa is taking its 'access to cash' programme industry-wide, working with partner banks to offer high street retailers in remote and rural locations a fee for processing cashback transactions over the counter.

The introduction of the UK-wide programme follows a year-long trial with Lloyds Bank, which offered rewards to retailers in return for providing cashback services.

The initiative comes in the wake of a backlash over the creation of 'cash deserts' in locations where bank branches have been closed and ATMs shut down.

Thursday, January 23, 2020 - 11:52
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/news/payments/visa-takes-access-cash-programme-industry-wide
Financial IT
Barclays announces new fintech partnership with insurance pioneer, Nimbla

In a high street banking first, Barclays has announced a partnership with Nimbla, a pioneer of single invoice insurance.

Barclays’ one million SME clients will have the opportunity to benefit from the partnership, with the new ability to take out insurance against individual invoices, rather than the whole book.

Thursday, January 23, 2020 - 11:52
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Financial IT

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