Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Metro customers hit by text-targetting attack

Metro Bank has fallen victim to a new type of cyber fraud that targets the codes sent via text messages used to verify transactions.

05 February 2019

News/Operational risk

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

11 January 2019

Company update/Operational risk

Featurespace selected by everis for machine learning risk management

Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud and risk management company, announced that everis, a multinational business consultancy serving clients in multiple sectors, has selected its ARIC™ platform to help banks combat payments and account fraud.

10 January 2019

Company update/wholesale

Mizuho Bank London goes live with Orchestrade for risk management

Orchestrade, a leading provider of trading, risk and operations solutions for capital markets, announced today that Mizuho Bank London has gone live on the Orchestrade system for consolidated risk management across a broad range of asset classes.

06 December 2018

News/ai

AI, Big Tech and the cloud will damage the banking industry if not embraced - Citibank

Citibank’s global head of bank research Ronit Ghose kicked off this year’s EMEA Media Summit by highlighting how artificial intelligence, Big Tech and core banking systems on the cloud will disrupt financial services.

05 December 2018

Company update/Operational risk

First Data targets card fraud with new release

First Data, a global leader in commerce-enabling technology, today announced the launch of FirstSense, a comprehensive solution that integrates threat intelligence with First Data’s fraud detection and transaction authorization engine, enabling financial institutions to identify payment cards at risk and prevent fraud before it happens.

26 September 2018

Company update/Operational risk

B-Hive unveils cyber security program

A collaborative fintech platform, B-Hive, is launching a cyber security program, Trusted Fintech, to help startups and scale-ups embed cyber awareness into their core values.

26 September 2018

Company update/Operational risk

KRM22 buys Prime Analytics

KRM22 plc, (AIM: KRM:L) the technology and software investment company, with a particular focus on risk management in capital markets, is pleased to announce the acquisition of Prime Analytics LLC (“Prime Analytics”), a Chicago based risk management technology company, for a maximum total consideration of $7.5 million (the “Acquisition”) in line with its investing policy.

25 September 2018

News/Operational risk

Danish watchdog could face EU inquiry over Danske Bank scandal

Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.

25 September 2018

News/Operational risk

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

25 September 2018

News/Operational risk

Revolut looks to mitigate Brexit with Lux licence

London-based digital payments company Revolut is applying for a licence in Luxembourg in order to mitigate any fallout from Brexit.

24 September 2018

News/Operational risk

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

21 September 2018

News/Operational risk

Financial Services Seizing the Opportunity in New York

Innovation in Payments, Technology and Cyber Risk Management were all key topics at the Swift Business Forum New York 2018. 600 financial services professionals and industry experts recently gathered in the Big Apple to discuss the opportunities that innovation and collaboration provide.

20 September 2018

News/Operational risk

Danske Bank boss quits over money laundering scandal

The CEO of Danske Bank, Thomas Borgen, is to step down following allegations that the Danish bank laundered billions of mostly Russian cash through its Estonian branch.

19 September 2018

News/Operational risk

Australian central bank assures public after outage

Full service has resumed at the Reserve Bank of Australia (RBA) after it suffered a power outage on Thursday.

30 August 2018

News/Operational risk

Traders under the #MeToo spotlight

Banks are increasingly turning to monitoring software in order to eradicate inappropriate behaviour on the trading floor.

29 August 2018

Company update/Operational risk

SmartStream introduces QA testing for collateral management

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the addition of Quality Assurance (QA) testing as a service for its TLM Collateral Management solution.

29 August 2018

Company update/Operational risk

Nikko Asset Management selects FactSet for fixed income ops

FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, announced today that Nikko Asset Management (“Nikko AM”) has selected the FactSet Linear Multi Asset Class (MAC) risk model to help manage risk across its global fixed income portfolios.

20 August 2018