British government investigating cyber-attack link to 2019 LSE outage
The August 2019 outage delayed trading by an hour and 40 minutes.
Cybersecurity
Travelex ordered to pay $3m ransom by cybercriminals
The ailing FX firm is wrestling with a New Year’s ransomware attack.
The extension of SCA: a sensible move or an unnecessary delay?
UK Finance notes more than 75% of merchants are unaware of SCA.
Travelex quarantines website, internal systems after New Year’s Eve cyber-attack
Foreign exchange firm working “round the clock” to fix the attack.
Qatar International Islamic Bank picks IBM for fraud prevention
QIIB selects Big Blue for its mobile and online banking channels.
Lloyds, Halifax and Bank of Scotland customers hit by system outage
The incident took place from around 4am on New Year’s Day.
JP Morgan vows to ban fintech apps from using customer passwords
It’s working towards issuing tokens that send third parties a narrow range of data in a secure form.
Mastercard reveals acquisition of AI-based risk firm RiskRecon
The deal with RiskRecon is expected to close in Q1 2020.
Incumbents are putting aside religions of old, says cyber firm Veracode
The rise of cloud-native fintechs is “acting as a message to incumbents”, says CTO
Australia delay open banking regulation by six months over cybersecurity concerns
Banks are “extremely concerned about cybersecurity”, says ACCC.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
FinTech Futures Industry Survey 2020
We are calling on our readers to provide us their views!
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
Finovate: fraud prevention, cybersecurity and regtech
The eMagazine features unique insights from the FinovateAsia and Middle East shows.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
US DOJ digs deeper into Deutsche role in Danske money laundering scandal
Deutsche officials were made aware that the scope of the DoJ probe had broadened.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
Spanish cybersecurity start-up Buguroo raises $11m
The start-up builds unique “cyber profiles” for each finserv customer.
MoneyLive 2019: Neobanks “regularly” share tips on financial crime, says exec at Natwest’s Bó Bank
Collaboration between new banks is “pretty impressive”.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
US government plans strict enforcement of AML ‘travel rule’ for crypto firms
The rule requires crypto firms to share information about their customers.
Fraud reimbursement plan stalls with lack of industry consensus
Pay.UK calls on banks to come together and back creation of central fund.
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
Irish start-up Siren gets $10m Series A
It’s paired with Siren’s new board member, Bob Griffin.
CSConnect UK 2019: Security awareness never really works, says Mastercard’s Vocalink CSO
Mastercard CSO thinks behaviour is the real issue when it comes to security.
Standard Chartered taps Quantexa to boost AML controls
Dynamic entity resolution and network analytics to be implemented at the bank.
Crypto bank SEBA launches Swiss offering after FINMA greenlight
SEBA secured its banking licence in August 2019.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
Desjardins Group data breach affected all 4.2 million members
Internal leak forced change in government policy.
Bank account takeovers – lets change the record from who to why
Almost every week we see a new corporation fall victim to a data breach.
The identity challenge: How can banks know who’s who?
Proving identity is the critical first step in preventing theft.
UK Treasury makes paying back consumers victim to APP fraud ‘compulsory’ for banks
The phrase ‘gross negligence’ will also be defined.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
IDnow gains $40m funding injection from Corsair Capital
Verification firm plans to use fresh cash to open new locations.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
