1068 Results from 2020
Paul Christensen CEO at Previse
2020 has been a hard year for British businesses, from the UK’s smallest suppliers to its most powerful retailers, none have been infallible to the impact of Coronavirus. Arcadia’s collapse into administration highlights just how precarious the UK’s market is. The demise of Philip Green’s retail empire, and the fire sale of Debenhams, demonstrates
14 December 2020 /payments /startups Artificial Intelligence and Financial Services
Jason Johnson Co-Founder and Penetration Tester at Predatech
The unprecedented events of 2020 have had a significant impact on the way cyber criminals have developed and administered attacks. Not only are we seeing the emergence of Ransomware 2.0, we're also seeing a continued explosion in invoice and payment-based business email compromise (BEC) fraud. A BEC attack, also known as man-in-the-email, involves...
14 December 2020 /crime /predictions Information Security
Konstantin Rabin Head of Marketing at Kontomatik
With the rapid technological development and the new tendencies of the market, the Russian companies seem to find a very interesting move towards the direction of the tech, rather than traditional banks. The traditions and the conservative approach towards the topics are slowly getting to an end as it seems, according to the news. This might be in...
14 December 2020
Kaustuv Ghosh Managing Partner at Volante Asia Pacific Pte Ltd
As we approach 2021, access to money represents both a challenge and opportunity. Companies need access to capital and in the short term, to loans. The latter may be required at increasing frequency if healthcare problems on the ground overwhelm societies. Resilience and responsiveness are key. There is a general consensus about digitisation. But ...
14 December 2020 /covid-19 /predictions Banking Strategy, Digital and Transformation
Dmitry Dolgorukov CEO at GiniMachine
A strong credit risk management system in combination with AI and ML technologies can not only mitigate financial risks but also level up the effectiveness of decision-making processes, increasing a company’s profit. According to Statista, the number of only FDIC-insured commercial banks in the U.S. over the last 20 years reduced by half. It sugg...
14 December 2020 /startups Banking Strategy, Digital and Transformation
Luc Gueriane CCO at Moorwand
2021 predictions from Luc Gueriane, Chief Commercial Officer at Moorwand 2020 has been dramatic to say the least. In the fintech industry there has been a monumental shift towards digital payments. The mix of shop closures, lockdown measures and the booming ecommerce sector have made fintech products more relevant, and more important, than ever. A...
14 December 2020 /payments /predictions
Retired Member
When faced with disruptive competition – the now classic example is taxi companies and Uber – a firm at risk of disruption has effectively got three options: - Adapt; use the facilities available to you today to try and stay competitive. For example, offer discounts or change pricing; - Add; create new capabilities, either by your...
14 December 2020 /payments Fintech
"In 2008 the hubris of the financial sector that we serve finally caught up with itself. Mountains of consumer debt that had been packaged, re-sold and deferred turned out to be unserviceable and the whole edifice came tumbling down." I wrote this in a blog sometime ago - it is still true! Now commentators are wondering whether the cyc...
14 December 2020 /payments /cloud Banking Architecture
Dominic Snell Product Strategy Director at Wealth Dynamix
The drive to digitisation of the wealth industry is well and truly underway. Sticking to the status quo of the traditional practices is no longer an option, and many institutions have succeeded in efforts to implement technology to transform operations, especially in back office and operations. We will see the continuation of technology spend and ...
11 December 2020 /wealth Artificial Intelligence and Financial Services
Today’s AI-driven KYC platforms help banks, fintechs, insurers and more onboard customers and catch fraud at a higher rate—with less dropoff—than ever before. Through the sequential use of proprietary AI algorithms, these platforms maximize accuracy while trimming minutes off ID processing times—without sacrificing security. Advanced image process...
11 December 2020 /regulation /identity Artificial Intelligence and Financial Services
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