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81% of banks would collaborate with fintech partners to execute digital transformation - Finextra

/payments

81% of banks would collaborate with fintech partners to execute digital transformation - Finextra

At EBAday 2019, hosted by Finextra in association with the EBA, it was revealed that 81% of banking executives would collaborate with partners to execute digital transformation most effectively.

/Privacy

Identitii selected to test ACCC's Consumer Data Right ecosystem

Identitii Limited (Identitii, Company) (ASX:ID8), the FinTech reducing last mile payment hold ups for banks and corporates, announces it has been selected by the Australian Competition and Consumer Commission (ACCC) as one of just ten companies to test the Consumer Data Right (CDR) ecosystem.

Sibos 2019: Cyber-attackers operate like serial killers

/security

Sibos 2019: Cyber-attackers operate like serial killers

Riffing on the risks involved with thriving in a hyper-connected world, Sibos 2019 in London explores the dangers of cyber attacks and how they can have a contagion effect across broader financial systems and impact financial stability.

/security

NatWest and Featurespace partner to target fraud

NatWest has agreed a strategic partnership with Featurespace to profile and monitor payments and account activity to prevent fraud and scams using Featurespace’s ARIC™ platform.

/security

Tradeshift implements Qedit privacy platform

QEDIT, a Privacy-Enhancing Technology provider based on zero-knowledge proof cryptography, has announced a partnership with Tradeshift, the leader in supply chain payments and marketplaces.

Cyber-crime best tackled by international co-operation

/security

Cyber-crime best tackled by international co-operation

Joining day two of the World Conference of Banking Institutes, Ian Dyson - Commissioner of the City of London Police addresses the challenges of cyber-crime in this period of digital disruption. In addition to the uncertainty surrounding Brexit and the potential no-deal outcome, the question of balancing privacy with data protection remains a critical priority for financial institutions in 2019.

What’s next after the SCA deadline?

/Privacy

What’s next after the SCA deadline?

Following the Strong Customer Authentication (SCA) deadline passing on Saturday, Dr Ruth Wandhöfer, honorary professor at the London Institute of Banking & Finance and board member at LSEG, took to the stage at the World Conference of Banking Institutes to discuss the changing pace of the payments industry and the role of the banking sector in this age of disruption.

/payments

Fingopay partners with All Work & Social for biometric payments

All Work & Social, the operating company behind XYZ Work and the recently launched XYZ Social in Spinningfields, has partnered with biometric payments provider, Fingopay.

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

/regulation

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.

Capital One data breach leaves 100 million vulnerable

/Privacy

Capital One data breach leaves 100 million vulnerable

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.

/Privacy

ICO selects ten startups for data protection sandbox

The use of biometrics to speed up airport passenger journeys, innovations in crime prevention and technological advances in the health sector are among the first projects selected to take part in the ICO Sandbox.

How to protect and innovate in a real time open ecosystem

/Privacy

How to protect and innovate in a real time open ecosystem

Marcus Hughes, Head of Strategic Business Development, Bottomline Technologies, speaks at EBAday 2019 about how banks can keep pace with ever-more sophisticated fraudsters while transitioning to real time payments and maximising the opportunities of PSD2.

NAB pledges $1.4bn funding for Aussie tech sector

/Privacy

NAB pledges $1.4bn funding for Aussie tech sector

National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.

Regulators and politicians respond to Facebook's crypto plans

/Privacy

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

India to review payments data storage rule

/Privacy

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

Facebook reveals digital wallet plan

/Privacy

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

/security

Sopra partners with personal data security platform digi.me

Sopra Banking Software - a global leader in digital banking and financing software – today officially announces a new partnership with digi.me, the personal data security platform.

/Privacy

Ireland's Priviti and Aussie fintech Accurassi partner for Open Banking

As Australia prepares for Open Banking and its equivalent of the GDPR – the Consumer Data Right – Priviti, a global fintech and regtech company with offices in Ireland, London, Singapore and Sydney, has announced a partnership agreement with Australian fintech company Accurassi.

Payment firms raise fears over EU security rules

/Privacy

Payment firms raise fears over EU security rules

A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants.

/security

EXate joins OpenFin ecosystem

OpenFin, the operating system (OS) of finance, today announced that eXate, the data privacy solutions provider, has joined OpenFin’s growing community of financial institutions and FinTech firms deploying their desktop applications on OpenFin’s OS.

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