London Forever! Reality or Rhetoric?
Sep25

London Forever! Reality or Rhetoric?

This month, Z/Yen Group published the 22 nd edition of the Global Financial Centres Index. GFCI 22 showed almost all major financial centres following the downward lurch of London and New York in GFCI 21. Frankfurt was the only centre in the top 20 to rise, in part due to the number of London banks announcing headquarter moves. Finance only exists to support the ‘real economy’ of commerce and trade. This telling tumble among financial...

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Read Between the Lines – Bitcoin Is Manipulated
Sep22

Read Between the Lines – Bitcoin Is Manipulated

The market is only talking and talking about Bitcoin, calling it either a fraud, or a currency of the future. No wonder that monetary authorities and some financiers are trying to talk the price of the cryptocurrency down – they are simply afraid of this new form of currency that may easily take the place of traditional money. What are they scared of? The advantages of Bitcoin are obvious – while everybody is talking about...

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Bud​ ​Partners​ ​with​ ​WiseAlpha​ ​to​ ​Add​ ​Senior​ ​Secured​ ​and​ ​High​ ​Yield​ ​Bond​ ​Investments​ ​to their​ ​Platform
Sep20

Bud​ ​Partners​ ​with​ ​WiseAlpha​ ​to​ ​Add​ ​Senior​ ​Secured​ ​and​ ​High​ ​Yield​ ​Bond​ ​Investments​ ​to their​ ​Platform

Bud has announced a partnership with online lending-market WiseAlpha, creating new investment opportunities in fixed income for their users. WiseAlpha presents investments in senior secured and high yield bonds, many of which offer returns of between 4-8% in large, well-known British corporates such as Virgin Media, Ocado and Debenhams. Before now, these fixed income investment opportunities were only available to pensions funds,...

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Major UK Banks Closed to Fintech Business.
Sep20

Major UK Banks Closed to Fintech Business.

With London leading the way as the global FinTech hub, some may think that gaining bank services is easy to achieve or a matter of fact if you are an FCA regulated entity. Over the last few years the Emerging Payments Association has been highlighting the challenges faced by emerging FinTechs in gaining bank accounts in the UK for business. Many companies reach out to the EPA for help and support – particularly FCA regulated companies...

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Over 8,500 New Jobs Created in Financial Services from Foreign Direct Investment in 2016-17
Sep18

Over 8,500 New Jobs Created in Financial Services from Foreign Direct Investment in 2016-17

For many experts and professionals in business – ‘Brexit’ in their view was a calamitous decision following 52% of UK’s electorate vote to leave the European Union after 43 years of membership. One of the underlying worries amongst these individuals was the impact uncertainty (manifested through Brexit) would have on foreign direct investments (FDI)in the UK. Despite their concerns, even in the immediate aftermath of Brexit, the...

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The Cashless Payments Opportunity for Local Authorities
Sep15

The Cashless Payments Opportunity for Local Authorities

Civica Payments Managing Director Andrew Stenton explores the rate of change in payments solutions and the opportunities for the future There is no doubt that the UK is at the tipping point of huge developments in cashless payments and finance technology. We’ve seen a rapid uptake in the use of mobile technologies such as Apple, Android and Samsung Pay, and contactless payments, alongside the use of digital currencies such...

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SteelEye: Every Cloud has a Silver Lining
Sep11

SteelEye: Every Cloud has a Silver Lining

Matt Smith explains the opportunities to be found in 2018’s regulatory storm For many financial services firms, the impending implementation of the Markets in Financial Instruments Directive II (MiFID II) and the General Data Protection Regulation (GDPR), are viewed with a large degree of apprehension. It’s easy to see why. These regulations together will send seismic shocks through the regulatory landscape, with implementation costs...

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Hermes Bank: Tempo Money Transfer Agreement on Cooperation
Sep07

Hermes Bank: Tempo Money Transfer Agreement on Cooperation

Revolutionary digital technology is changing the face of international transactions and remittances. As a leading player in the field of digital banking, Hermes Bank is proud to announce that August 14,2017 an agreement on a strategic partnership has been signed with Tempo Money Transfer, a leading European licensed payment institution based in Paris, France. TEMPO offers online, mobile and traditional money transfer services from...

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It’s About Time You Modernized Your ATM Network! Infographic & White Paper
Sep06

It’s About Time You Modernized Your ATM Network! Infographic & White Paper

The ATM remains the single most frequently used and convenient banking channel. Even for today’s digitally engaged consumer, it’s a critical component of your service delivery model and with over $13 trillion withdrawn per year, cash is still a vital part of everyday life. When it comes to customer experience, “good enough” isn’t one of your KPIs and we don’t think it should be the measure of your ATMs either. NCR’s ATMs have been...

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Opinion: Trust and Open Banking
Sep05

Opinion: Trust and Open Banking

With only a few months to go before Open Banking becomes a reality, the launch of Starling Bank’s PSD2-ready API has fired the starting gun on a race which will change the way we bank forever. Mark Skinner from cxpartners explains how success in the next stage of the race will hinge on trust and dedication to putting the customer first. Imagine a scenario where you can view all your financial products from a single application. So for...

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Bringing Cryptocurrencies Into the World of Traditional Investing: What Will It Take to Get There?
Sep01

Bringing Cryptocurrencies Into the World of Traditional Investing: What Will It Take to Get There?

While traditional currencies in the form of paper or coin-based money have been the main means of transactions for many decades, cryptocurrency – digital or virtual currency, consisting of a line of computer code – is on the rise. Cryptocurrencies offer several advantages over traditional fiat currencies. Transactions involve no third-parties or delays, and are therefore immediate and cheap. There is no threat of identify theft or...

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Arthur Azizov, B2Broker: “There is a Revolution in the Money Market”
Sep01

Arthur Azizov, B2Broker: “There is a Revolution in the Money Market”

Newcomers are strengthening their positions in the financial markets: the crypto currencies are taking their places among the products of broker companies and in portfolios of investors and speculators. What is going on in the market of Bitcoin and Ethereum, can a classic trader profit on that and how to open your crypto business, comments Artur Azizov, B2Broker CEO. How can you assess the current crypto market environment? In the...

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How Financial Advisers can Better Engage with Millennials
Aug29

How Financial Advisers can Better Engage with Millennials

In the US, millennials account for nearly one third of the working population, a figure set to rise to half of the workforce by 2020.  Millennials make up 13% of the ‘wealthy and affluent’ market and they are becoming leaders in entrepreneurship; launching twice as many and more profitable start-ups as their baby boomer counterparts.  This misunderstood group tends to not only be overlooked as prospects by financial advisors but is...

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The UK Data Protection Bill and its Impact on National Security
Aug24

The UK Data Protection Bill and its Impact on National Security

Lisa Osofsky is EMEA Regional Chair and EMEA Head of Investigations and Dayna Bordin is EMEA Deputy Head of Financial Crime Compliance The Data Protection Bill (“DPR” or “the Bill”) comes into effect on 25 May 2018 and is intended to incorporate into English law the data protection rights that will be afforded under the EU General Data Protection Regulation (“GDPR”).  The UK government claims the GDPR will increase customer confidence...

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Finding the Fuel for Digital Innovation in the Banking Sector
Aug23

Finding the Fuel for Digital Innovation in the Banking Sector

Research into consumer adoption of digital services in the UK has revealed that the banking sector is perceived by consumers to be leading the way. That’s according to new data from YouGov, which has found nearly a quarter (23%) of all UK adults say that the banking industry tops the charts for digital innovation, surpassing industries such as retail (14%) and travel (8%). These findings are borne out by the latest UK Customer...

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Fintechs – Why do Investors find them so Irresistible?
Aug18

Fintechs – Why do Investors find them so Irresistible?

The UK is home to four fintech unicorns (companies that are valued at least a billion dollars). They have a total valuation in excess of $18.5bn. So you’d be right to assume that investors are still showing a lot of interest in fintechs. Although interest in UK fintech companies waned in 2016, it resurged in Q1 of 2017, with a total investment of $328m. Seedrs, recently featured on the coveted FinTech50 2017 list, has played a part in...

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Scotiabank, Koho and the Digital Finance Institute Determine the Future of Digital Banking
Aug16

Scotiabank, Koho and the Digital Finance Institute Determine the Future of Digital Banking

RFi Group research shows that, for the first time globally, digital applications have overtaken branch applications across retail banking products. This is a game changer, and having the best digital transformation strategy is now more important than ever. At the Global Digital Banking Conference, taking place in Toronto on 14th September 2017, global and local experts will share their knowledge and case studies to help paint of...

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Finance Departments Must Set the Digital Agenda
Aug14

Finance Departments Must Set the Digital Agenda

Every business department stands to benefit from digitisation – and finance is in a particularly strong position to make impactful changes, given its reach across the business as a whole. Despite this unifying opportunity, our latest research shows that finance is perceived to be a roadblock for digital projects in the rest of the organisation. Seventy-one percent of senior business decision makers said that they had digital...

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4 Ways FinTech Apps are Putting U.S. at Risk
Aug08

4 Ways FinTech Apps are Putting U.S. at Risk

FinTech may still be in its infant stages, but it’s one industry that knows how to make waves. Since the early 2000’s, FinTech and other digital financial services have been making services such as investment planning, borrowing and lending, crowd funding and bill paying more accessible and reliable for millions of people around the world. Additionally, this industry has brought banking to previously “unbanked” populations,...

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How Intelligent Apps are Shaping the Future of Finance
Jul27

How Intelligent Apps are Shaping the Future of Finance

The world of finance is changing. Consumers are becoming more demanding for ease of engagement, while financial institutions are under pressure to transform services using advanced technology. With a host of start-ups threatening the major players through innovative approaches to the market, it’s becoming an increasingly complex landscape to navigate. The one clear theme underpinning these shifts is applications. The financial sector...

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Why Fintech Alone Doesn’t Herald the Next Banking Revolution
Jul25

Why Fintech Alone Doesn’t Herald the Next Banking Revolution

One of the largest technology shakeups in banking in recent years has been the use of advanced data analytics techniques to catch rogue trading activities within banks. The stand-out story has been the collaboration between Credit Suisse and Palantir, which led to the creation of a sophisticated analytics system for identifying the early warning signs of rogue trading. While many might assume this is a fintech startup success story,...

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Will Banks Lose their Monopoly to Fintechs?
Jul14

Will Banks Lose their Monopoly to Fintechs?

With PSD2 and Open Banking coming into play, the call for banks to reinvent their business models has never been more urgent, says Paul Bowen, Banking Lead, Avanade Europe In 1994, Bill Gates famously and controversially predicted that banks would be dethroned and displaced as technology propelled the world forward. “Banking is necessary. Banks are not”, he declared provocatively. But as the Second Payment Services Directive (PSD2)...

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Fintech Finance Season 2 Episode 10: Customer Data Protection
Jul14

Fintech Finance Season 2 Episode 10: Customer Data Protection

In this episode of Fintech Finance, following our previous episode around Data management and security, we look at how to protect customer data for both compliance and for the customer advocacy. We headed over to Ireland to speak with Fergal Coburn from AIB. Back in the UK, we catch up with Guy Bunker from Clearswift; and over in Brussels talk to Pascale-Marie Brien from the European Banking...

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Why Technology Training should no longer go Ignored
Jul13

Why Technology Training should no longer go Ignored

The skills gap is an issue well-versed by now, and the war for the best talent shows no sign of abating. However, the biggest asset to any organisation is its staff, so while time should be spent seeking new skilled employees, as much effort should go into upskilling the current workforce. It was therefore disappointing that a report from the Chartered Institute of Personnel and Development (CIPD) revealed that UK employers are...

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How Innovation is Improving Access to Credit in High Growth Markets
Jul12

How Innovation is Improving Access to Credit in High Growth Markets

For millions of people living in emerging, high growth markets around the world, a lack of access to credit is just another part of life. Yet, without this access, it can be incredibly difficult for businesses and customers to connect with each other. Opportunity and economic growth are stifled. While it is a bleak picture, it’s one that is already starting to change thanks to the rise of innovative financial technology in markets...

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Why Financial Services Regulation is Crucial to Fintech
Jul12

Why Financial Services Regulation is Crucial to Fintech

Harnessing internet and mobile technologies to create new and superior financial products, FinTech and RegTech firms are uniquely placed to compete with long-established firms and institutions. Their offerings often far exceed the capabilities of the out-dated services and systems provided by their perennial competitors and can attract tremendous consumer interest. Yet herein lies the danger. Whilst innovation, competition and market...

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Watch: The Evolution of the Mobile Phone
Jul11

Watch: The Evolution of the Mobile Phone

It’s hard to imagine a time without smart phones but it was only as little as 10 years ago when essentials like the internet, your camera and banking weren’t all accessible with just a finger print. Today, new research from Nationwide Building Society has revealed how reliant we have become on our mobile phones. Almost a third of us now rate our phone as our most important everyday possessions – over a purse or wallet. When asked what...

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A Successful Digital Project Could Generate up to 41% of Corporate Revenue by 2020
Jul05

A Successful Digital Project Could Generate up to 41% of Corporate Revenue by 2020

Research by the Gartner Group reveals that digital technologies already generate nearly 20% of corporate revenues, and this could reach 41% by 2020. According to Sopra Banking Software every business and bank should be enthusiastic about implementing digital transformation, either to retain their place as leader, appeal to new customers, modernise their partners’ tools, or quite simply to adapt to key innovation. But, the changes...

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Brexit Britain’s Fintech Sector Could be Boosted by FCA’s Regulatory Engagement Beyond London
Jul03

Brexit Britain’s Fintech Sector Could be Boosted by FCA’s Regulatory Engagement Beyond London

The City of London has long been a magnet for investment and finance talent, while the UK’s wider financial sector continues to be the biggest and most respected in the world. In recent years, as the industry succumbs to new innovations, the capital has become a hive of new financial technology companies as start-up accelerators and new businesses enter the market to challenge the traditional industry. But with Brexit negotiations now...

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Money 20/20 Day 3 Review
Jun29

Money 20/20 Day 3 Review

Talking points of the conference So today was the final day of Money2020 Europe and it felt like a new logical family was disbanding. Again, there was a phenomenal choice for delegates when it came to attending keynotes and track sessions so it’s a challenge to select highlights. Nonetheless… Entrepreneur Nuno Sebastiao made a compelling case for artificial intelligence to solve the problems of moving digital money safely, which is...

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A radical Rethink of Transaction Payment Systems for Europe
Jun23

A radical Rethink of Transaction Payment Systems for Europe

Transaction payment systems have become a real problem for European banks. Firstly, they seem to be increasingly vulnerable to cyber-attacks, with the latest being SWIFT. Next, is the hold that a small number of card companies and their old-fashioned pieces of plastic, have over the banks. Last, but by no means least, is the threat posed by Google, Amazon and Apple, all of whom are encroaching on banks’ core transaction business, with...

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Ashok Vaswani, Barclays: Plans and Ideas for the Future
Jun20

Ashok Vaswani, Barclays: Plans and Ideas for the Future

Ashok Vaswani, CEO of Barclays UK discusses with us some of his plans and ideas for the future

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Why Banks Can’t Help But Help Fintechs
Jun20

Why Banks Can’t Help But Help Fintechs

Imagine if one of the large high street banks did actually truly innovate. Imagine if banks were somehow capable of taking the innovative lead from fintech. Imagine if your own bank outdid all fintech companies in speed, service, convenience and cost for all financial services you use, for your current account, payments, foreign exchange, savings and investing, and any other services. Would you stay with your cutting-edge bank or...

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How well do you Evaluate Risk?
Jun16

How well do you Evaluate Risk?

Did you know the world’s most dangerous animal is not a shark, or a bear, but is in fact a mosquito? What’s certain is that human perception of risk is notoriously flawed; often, the events that concern and outrage us the most are the least likely to happen. From political and economic tremors to cyber threats, 2017 represents another minefield of risks for businesses. For organisations, forging a deepened understanding of both...

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Fintech Finance Season 2 Episode 09: Data for Customers and Compliance
Jun15

Fintech Finance Season 2 Episode 09: Data for Customers and Compliance

In this episode of Fintech Finance, with some of the upcoming regulations (GDPR) in Data management and security, we look at how to manage data for both compliance and for the customer journey. We headed over to the Netherlands to speak with Finbar Hage, head of Data and Analytics from Rabobank. Back in the UK, we catch up with Ben Mitchell, VP for EMEA at DocsCorp; and talk customer experience with Ashok Vaswani, CEO of Barclays...

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Wolters Kluwer Research Demystifies RegTech
Jun15

Wolters Kluwer Research Demystifies RegTech

RegTech solutions hold the promise of encouraging and executing significant, disruptive change to the way financial institutions operate. That’s according to a new research paper from Wolters Kluwer’s Finance, Risk and Reporting business. “By taking RegTech-based data management capabilities developed ostensibly for compliance and reporting and adding a business information and intelligence component, the shared characteristics of the...

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Will Banks Ever Learn? Erm…
Jun14

Will Banks Ever Learn? Erm…

A common analogy to the finance sector is the newspaper industry, and rightly so. Finance is quickly shaping up to be remarkably similar. The incumbent banks are the heavyweight newspapers – the Washington Post and Financial Times of the world. FinTechs are to banks what the growing mass of alternative news sources – blogs; e-zines; new digital-only newspapers; social media, most prominently, Twitter; and the increasing relevance of...

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Integrated Payments Checklist for VARs & ISVs
Jun13

Integrated Payments Checklist for VARs & ISVs

With payment technologies evolving at a rapid rate, and with consumers becoming more demanding in an increasingly digital world, merchants need to be capable of delivering a seamless payments experience, or risk being left behind. Payment platforms need to be secure, fast, and scalable, but many businesses are working with ISVs (Independent Software Vendors) and VARs (value added resellers) to build ecommerce platforms and apps that...

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The True Impact of Remittance
Jun13

The True Impact of Remittance

It’s not uncommon to hear the odd individual complain about aid and charity, citing the age- old adage, “charity starts at home”, and for some, that’s very true – mainly migrants sending money back to their home country. The sending of money to supplement the income of relatives reached over £500 billion in 2016, with around 60% being sent to developing countries and £18 million coming from the UK alone; to put this figure into...

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So You Offer Online Banking, What Next?
Jun13

So You Offer Online Banking, What Next?

Dan Rowinski, digital analyst at Applause, the world’s largest crowdtesting community, outlines some top tips for retail banks looking to succeed in a digital landscape We can be forever thankful that since the internet boom of the early 2000s the age of waiting in line at the bank is well and truly over. While this is great news for consumers and banks alike, fintech and alternative finance players continue to take market share, so...

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FinTech50 2017 List Unveiled, Including 24 New Businesses
Jun08

FinTech50 2017 List Unveiled, Including 24 New Businesses

The FinTech50 revealed the fifty hottest FinTech businesses in Europe, as selected by an international panel of industry experts, at an exclusive launch event in London. Chosen from a long-list of over 1,500 companies across Europe, The Fintech50 2017 – the most hotly contested in its five-year history – features 24 businesses new to the list. This year’s list shines a spotlight on companies leading the evolution of financial services...

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A Digital Dawn for the Insurance Industry
Jun01

A Digital Dawn for the Insurance Industry

A new digital age has dawned for the insurance industry, which is facing the exciting challenge of moving its customer interaction strategy towards a model that is more attuned to modern channel-hopping behaviour and preferences. In a recent survey 69% of insurance professionals declared that their industry is moderately to severely behind in adopting digital technologies, 1 confirming that it is more urgent than ever for insurers to...

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2017 – The Year of Cost-Cutting
May26

2017 – The Year of Cost-Cutting

2016 was punctuated by a large number of banks announcing their intentions to cut costs. In the UK we saw efficiency drives from the like of HSBC and Lloyds Banking Group, with the latter publicly targeting a further 20% belt-tightening by the end of 2017. RBS made cuts on its investment banking side, and Barclays described itself as “unrelenting in its pursuit for lower costs”. Further afield the trend continued, with similar major...

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From Magic Beans to E-wallets: a Short History of Alternative Payments
May26

From Magic Beans to E-wallets: a Short History of Alternative Payments

Unexpected turns From the time Jack traded a cow for a handful of magic beans, to tapping a rectangular piece of plastic against an NFC reader, how we have paid for goods has taken many unexpected turns over the years. We’ve swapped, signed, scanned and ‘chip and PIN-ned’. The UK has a somewhat unique payment culture in relation to the rest of Europe. Here, cash is no longer king – indeed, numerous experts have predicted the use of...

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The Rise of the Augmented CFO: Decision-making is as Much an Art as a Science.
May24

The Rise of the Augmented CFO: Decision-making is as Much an Art as a Science.

CFOs and their teams have long been dedicated to supplying and analysing the data their companies need to make solid, fact-based decisions. However, finance departments have historically been constrained by basic forecasting techniques. The underlying data collection process is often time consuming and error-prone, and the result frequently lacks depth, scope and quality. Not only is the underlying data unsatisfactory, but its...

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A New Way to Invest in Fine Art
May23

A New Way to Invest in Fine Art

In uncertain times, the fine art market offers a reassuring investment opportunity. Largely immune to political change, it is less volatile than currencies or capital markets. The global market was worth more than $45billion last year, a 1.7% annual increase, according to the European Fine Art Foundation Report 2017. Prices have fallen back a little from the peak of July 2015, but are around 15% higher than in the market trough of...

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The Great Late Payments Scandal
May22

The Great Late Payments Scandal

Jeremy Corbyn recently declared war on big businesses who sit on hoards of money and restrict cash flow in the supply chain. He criticised them for profiting from what amount to interest-free loans provided by their suppliers, who don’t have the resources to put their foot down on the late payments. He suggested that the late payment scandal is worth £26 billion a year and hits SMEs with monumental force and in some cases can put them...

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Are the Fintech Sector’s Days Numbered?
May08

Are the Fintech Sector’s Days Numbered?

Fintech is all about innovation, disruption and transformation. It is undoubtedly impacting and reshaping the way financial institutions around the world operate. In the UK, the sector is currently worth £7bn and employs around 60,000 people, its importance cannot be denied. But as the lines between fintech and traditional banking become increasingly blurred, the sector may one day soon disappear altogether. As the founder of my own...

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Nuance Expands Biometrics Offerings, Takes Aim at Fraud
May03

Nuance Expands Biometrics Offerings, Takes Aim at Fraud

With Consumers Around the Globe Increasingly Impacted by Fraud, Hacks, and Password Breaches, Nuance Steps up Biometric Security Solutions Today from the Opus Research Intelligent Assistants Conference, Nuance Communications, Inc. announced expanded biometrics offerings to address the alarming rate of consumer fraud around the globe. With new capabilities in voice, facial and behavioral biometrics, Nuance’s Security Suite now takes...

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From Real-Time Data to Real-Time Value
Apr28

From Real-Time Data to Real-Time Value

By JR Lowry, EMEA head of State Street Global Exchange Investor expectations are scaling new heights. Many require managers not just to deliver performance superior to a benchmark, but they are also looking for them to innovate and make the customer experience a seamless one. These expectations mean investment providers will therefore have to launch highly personalised, digital services to make customers lives simpler. Investors...

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