Data is used daily in business in all its forms and is a vital asset for financial institutions, whether it be used for security purposes, customer records, or financial information. Over the coming years, it will become even more crucial.

Measuring, analysing and acting on this data is especially important to your marketing team. Not least because if they can’t prove how particular channels are delivering ROI they might stand to lose their budget(s).

Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), outlined technology and data as key to tackling financial fraud in the UK in a speech delivered at the Peterson Institute of International Economics this week.

Rathi proclaimed that the FCA has “invested heavily in data and technology” to help scan for fraud, with over 100,000 websites scanned for fraud each day.

5ire, a fifth-generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM.

Blockpass, the Safe Network for Crypto, is announcing a partnership with BlockOn, the worldwide blockchain venture builder & firm. As part of this move, Blockpass will provide information, updates and coverage of BlockOn's events, and BlockOn has invited Blockpass to speak at its India Blockchain Week event, which covers a whole host of themes from NFTs to Governments to Start-Ups over its 7 days.

Mastercard today announced an expansion of its Engage partner network to include its open banking services, offering customers easy access to several technology partners that can quickly build and deploy open banking solutions for payments and lending decisioning at scale.

Worldline, a global leader in payment services, and Casio Computer announce they have agreed on a strategic business alliance to facilitate card payments and cashless shopping in Japan, a market with huge potential to overturn its conservative retail landscape.

The UK created a record 29 unicorns in 2021 - surpassing the number created by France and Germany combined - providing a total of 115 unicorns (the name used for tech companies worth at least $1 billion). This is handy given that the UK has set its sights on becoming a tech superpower.

Open Banking adoption is growing, driven by the rapid digitisation of finance – according to the data from global information and insights company, TransUnion.

Responding to increasing market demand for low-cost, real-time payment services, Moolahgo has expanded its payment to e-wallet service to include the Philippines e-wallet GCash. What sets Moolahgo apart from other remittance apps is that its service allows a Moolahgo user to simply select a phone number saved in the phonebook and send money real-time (24x7) to the payee’s GCash wallet in the Philippines. Moolahgo is also making this technology available to its partners as part of its Payment-as-a-Service platform. 

Ecommerce is fast-paced, competitive, and ever-changing. Digital tools such as mobile apps and wallets, cryptocurrency, and financial technology are all contributing to the evolving fraud landscape.