Insights

It hasn’t been a great week for Apple, first Samsung announced Samsung Pay a new rival in the mobile payments space and now Apple Pay has been targeted by a number of fraudulent transactions using credit-card data stolen from big retailers, including Target and Home Depot. According to a report by the Wall Street Journal, around 80 per... read more

Volcker rule compliance is the most puzzling challenge ever for the financial industry. Bernstein estimated that the Volcker rule could cost banks over ten billions a year. Many banks have chosen to exit some of their business to seek possible way away from the regulators.However, the scrutiny continues because a covered entity is considered... read more

TreasuryXpress, the innovative TMS Software-as-a-Service provider, has been confirmed as a headline sponsor of the 2015 FinTech Innovation Awards. Developed as a world-class TMS platform to enable treasurers and CFOs to manage cash positions, payments and financial risks at the click of a button, TreasuryXpress’s mission is to empower all... read more

The finance sector faces mounting challenges in managing compliance training especially in the face of the higher staff churn forecast for 2015-16.Compliance training is mandated by law and it takes up a significant portion of the compliance budget, on average about 24 per cent, so getting it right is paramount. Yet learning and development... read more

Yodlee Interactive, a leading technology and applications platform, is officially sponsoring the 2015 FinTech Innovation Awards. Built on the foundation of Yodlee’s 15 years of aggregated consumer financial data, Yodlee Interactive empowers visionary entrepreneurs, developers and partners to build the next generation of disruptive and... read more

The Financial Times (FT) reports that the Financial Conduct Authority (FCA) was warned last July about a cyber security loophole that could give hackers access to the customer accounts of one of Britain’s biggest banks. The loophole, which is similar to the flaw identified by Kaspersky in over 100 bank security systems last month, involves... read more

Manipulation and risk in global trade is by no means a new phenomenon. However, in recent years, the threat it presents to organisations carrying out legitimate transactions has seen it rise up the boardroom agenda and become a talking point at virtually every industry conference where international banks are present. In particular, banks and... read more

Australia is to launch a fintech innovation hub in Sydney this May. The hub, which is the first in the country, is named Stone and Chalk and has gained $2 million in funding from Australian banks and technology companies to help accelerate the development of Australian fintech start-ups. Chalk and Stone is an independent, not-for-profit entity... read more

We are currently in the midst of a payment revolution, with mobile payments tipped to take over cash payments within the next few years. Since Apple Pay launched in October last year, there has been a race to see who would be next to enter the mobile payments space and both Samsung and Google are taking steps to rival Apple in this sector. ... read more

Samsung is set to reveal Samsung Pay this week, a collaboration with MasterCard and Visa which sees the Korean firm stake its claim in the mobile payments market. Samsung Pay, which is similar to existing mobile payments systems that allow users of a particular mobile phone to make in-store transactions, enables those with a MasterCard and a new... read more