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10% of FTSE 350 firms lack cybersecurity plans, but are you surprised?

cyberecurity

A recent report from the Department for Digital, Culture, Media & Sport claims 10% of the UK’s 350 largest firms do not have a response plan in place for a cybersecurity incident, reports Telecoms.com (Banking Technology‘s sister publication). These clearly aren’t all fintech companies, but considering the rhetoric which is constantly flowing around, bigging up […]

Barclays enables voice payments with Siri

Barclays-PLC

Barclays says it’s the first UK high street bank that lets mobile banking customers make a payment by asking Siri. The payment, which relies on TouchID for authentication, can be completed without opening the Barclays mobile banking app, reports Banking Technology‘s sister publication Paybefore. The Siri integration enables payments to existing payees or mobile contacts. […]

Commerzbank and BNP Paribas part ways over lending JV

Private equity firms take over German payment services provider Concardis

Commerzbank and BNP Paribas have ended their Munich-based lending joint venture (JV), Commerz Finanz. The German bank says it has reached an agreement with BNP Paribas Personal Finance on the split-off of the business division holding the instalment loans brokered by Commerzbank from Commerz Finanz. Michael Mandel, member of the board of managing directors of […]

Mind the reality gap fintech

Fintech chart

A new survey has highlighted the differences between customer expectation and experience in the fintech industry, with many companies failing to deliver the value that consumers crave. It has also flagged up the low standing that CEOs have as credible sources of information. According to public relations (PR) firm FleishmanHillard Fishburn’s (FHF) “Authenticity Gap” survey, […]

Trustees Australia merges with deposit marketplace Cashwerkz

Vantiv and Worldpay agree to merge

Financial services group Trustees Australia and deposit marketplace Cashwerkz have merged as they seek to tap into the cash, term deposit and fixed income investments markets. According to the duo, the new entity has access to over 30 Australian banks, and it will be able to compete well in the $2.1 trillion cash deposit market. […]

Samsung’s Bixby AI expands to more countries

bixby logo small

Look out Siri and Alexa, but Samsung says its artificial intelligence (AI) powered Bixby’s voice system has now expanded to more than 200 countries and territories. In addition to South Korea and the US, it is now available in the UK, Australia, Canada and South Africa, among others. As reported in March, Samsung unveiled the […]

Rabobank builds 3D model of its own IT landscape

Rabobank Model

Mapping the IT landscape of a large organisation is probably not an easy task and Rabobank is attempting to resolve this via the construction of a 3D model of its own structure and supporting IT systems. In a LinkedIn post by Hans Tesselaar, executive director of the Banking Industry Architecture Network (BIAN), a not-for-profit fintech […]

Ondot Systems unveils card control integration platform

Ondot 1

Card control firm Ondot Systems has released its multi-interface card control integration platform. The California-based company has combined a server-side API, mobile apps, and an HTML5 framework to give financial institutions (FIs) the ability to add card control technology to their mobile banking solutions, reports Finovate (Banking Technology‘s sister company). “Much as Facebook Messenger fits […]

Cybersecurity progress will require speaking the right language

Brian Stapleton, BRG

Elizabeth Denham, the UK’s information commissioner, made an astute point when she recently called for senior bank executives to get the same cybersecurity training as front-line staff, following the global WannaCry ransomware attack. But implementing the kind of comprehensive cyber defence strategy which includes such training will require a monumental culture shift at the top.

US Consumers Union calls for more prepaid regs; NAFCU wants them rescinded

Too much debt

Plagued by delays, threatened by US Congressional repeal and finally opened to further comment and changes, the Consumer Financial Protection Bureau’s (CFPB) final rule on prepaid accounts now has some consumer groups calling for the bureau to “strengthen” consumer protections with additional changes, while one credit union association wants the rule rescinded. To refresh your […]

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