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Financial Industry News - 29 July 2014

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Call for nominations are now open for the bobsguide FinTech & Payments Innovation Awards

15th July 2014

bobsguide, the leading resource for financial technology, and PaymentEye, the payment industry’s premier online publication are pleased to announce that nominations for the inaugural bobsguide/PaymentEye FinTech & Payments Innovation Awards are now open! The awards will recognise the very best initiatives, systems and products... read more

bobsguide introduces new Lead Journalist - Nicole Miskelly

13th June 2014

Leading financial technology platform bobsguide welcomes lead journalist, Nicole Miskelly, to the team. Nicole is now the first point of contact at bobsguide for all editorial related communications and joins the team to contribute to bobsguide's fast developing content strategy. Working at the bobsguide headquarters in Hammersmith, Nicole... read more

Paym back on pay day

16th April 2014

Paym will make it easier for friends and family to pay each other back  Paym launches on 29th April, register your mobile number now  Consumers will find it easier to maintain good IOU etiquette from 29th April when Paym, the new secure way to pay using just a mobile number, launches across nine UK bank and building society... read more

New cyber security certification scheme proposed

9th April 2014

As we mentioned in previous posts, cyber security challenges are growing for all kind of businesses in a variety of different industries. However, those that are involved in the movement of money or payments technology may be most at risk due to the lucrative information they possess. Cyber criminals are becoming more sophisticated in their... read more

Banks haemorrhaging money due to legacy technology

8th April 2014

Banks in the UK are pouring money into patching up ageing legacy systems, according to a new report, with estimates suggesting the practice is costing the UK economy around £30 billion every year. The main concern is that many of the systems still in operation today are over 30 years old, which means many banks spend resources and capital... read more

US firms increasing security spending as payment fraud rises

8th April 2014

A new survey from the Association for Financial Professionals (AFP) has revealed that firms in the US are increasing their payment security measures after a recent rise in credit card fraud in the nation. The organisation polled 5,644 of its members and revealed that 60 per cent were exposed to an attempted or actual payment fraud in 2013. The... read more

Cybersecurity may suffer if IT budgets fall

7th April 2014

Cyber attacks are becoming more frequent and more sophisticated in the current environment, with businesses in all sectors and governments around the world being targeted by cybercriminals looking to steal the information of individuals and access their finances. However, one sector that is constantly in the firing line and sights of... read more

Financial technology professionals to gather for first ABTEC event

4th April 2014

A large number of leading financial technology professionals from the regions of North Africa and the Middle East are preparing to gather for the first Arabian Banking Technology Exhibition and Conference (ABTEC) in Bahrain. The inaugural conference will run for two days - Tuesday 8 April and Wednesday 9 April - at the Bahrain International... read more

The introduction of SEPA: What will it mean for you?

3rd April 2014

The payments industry is one of rapid change and evolution, as new techniques and technologies are used to improve the way payments are made across all channels, from contactless purchases and online shopping, to m-commerce and digital currencies. One of the latest developments within this sector is the Single Euro Payments Area (SEPA), which... read more
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