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Financial Industry News - 19 December 2014

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Finance industry threatened by failure to share Big Data

21st March 2014

Big Data is becoming more and more important in a whole hosts of industries, with marketers, retailers, insurers and the finance sector all making use of the growing amount of data available to dictate decisions. However, the concept of Big Data is a relatively new one and companies are keen to safeguard the breakthroughs they are making in the... read more

B2B software provider Coupa Software secures $40m in Series F funding

21st March 2014

B2B financial software provider Coupa Software has raised $40 million in Series F funding to help it compete with major players in the market, such as SAP. The firm, headed by Rob Bernshteyn, said the round of funding was led by Meritech Capital, with participation from Northgate Ventures and Icon Ventures. The additional capital brings the... read more

Bank IT spending to hit $100bn in 2018

19th March 2014

A new study conducted by Ovum has revealed that IT spending within the financial services sector is set to increase in the coming years, hitting the $100 billion mark in 2018. The figures mark a positive trend for the industry, after a number of years of cost cutting and lack of spending in this area. According to Ovum's research, there... read more

Royal Mint to launch most secure coin in circulation in 2017

19th March 2014

The Royal Mint will launch a new £1 coin in 2017, which it claims will become the most secure coin in circulation. Chancellor George Osborne is expected to reveal the decision to replace the current coin in his Budget speech today (19 March), in a bid to combat the number of counterfeit £1 coins in circulation. He said:... read more

RBS calls for UK financial services cloud

18th March 2014

The chief analytics officer at Royal Bank of Scotland (RBS), Alan Grogan, has called for the creation of a UK financial services cloud to allow banks in the nation to access the technology and take advantage of the benefits it can offer. He also argues that the creation of this initiative will mitigate the risks associated with the banking... read more

World's largest mobile payment survey highlights increased perception of risk with mCommerce

17th March 2014

The world's largest mobile payments and fraud survey has indicated that merchants are becoming more aware of the dangers fraudulent attacks pose to their business and, as a result, have realised that specialised tools and technology are required to protect their mCommerce operations. In the 2nd Annual Mobile Payments and Fraud Survey it was... read more
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