Banking & Finance

Hackers move under the radar as banking trojans dominate

New analysis from Darktrace has shed light on the evolving cyberthreat landscape, providing insights into the changing behaviour of cybercriminals in 2018. The research unveils that hackers are seeking profits by using more stealthy tactics, including banking trojans and cryptojacking over traditional methods such as ransomware. The data reveals that the incidence of banking trojans, […]

IPsoft launches first conversational banking solution, 1Bank

IPsoft, a global leader in enterprise AI, has announced the general availability of 1Bank, the first conversational banking solution. 1Bank is powered by Amelia, rated the number one virtual agent in conversational AI by Everest Group. 1Bank’s advanced intelligence is the result of 20 years of research, AI leadership and transforms the way banking customers […]

Number of users attacked by banking Trojans grew by 16%

In 2018, 889,452 users of Kaspersky Lab solutions were attacked by banking Trojans, an increase of 15.9% compared to 2017, when over 767,000 users were hit. The growth partially occurred due increased activities of only one banker, according to an analysis of the financial threat landscape. Attacks with banking Trojans or ‘bankers’ are among the […]

IBM strikes US$700m deal with Santander to accelerate transformation

IBM and Spanish multinational bank, Banco Santander, have announced a five-year global technology agreement valued at approximately US$700 million to enable Santander Group to accelerate and deepen its business transformation. The agreement – while providing annual savings for the bank on IT spend – will significantly enable Santander Group to evolve towards the open, flexible […]

Finance industry is ‘one court case away’ from CMC onslaught

After targeting PPI repayments and penalties for Payday Loan Companies, consumer Claims Management Companies (CMCs) will now set their sights on financial organisations that have suffered data protection breaches, customer experience expert Quadient has warned. In the wake of regulation changes, CMCs are currently focusing their attention on the Payday Loan Companies speeding the collapse […]

Cognizant acquires Meritsoft in post-trade processing

Cognizant has announced it has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland. Meritsoft is best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions and cash flow functions between financial institutions. Meritsoft’s products are currently used by five of the world’s eight leading […]

Over a third of Brits haven’t switched banks in over a decade

A survey of 1,000 UK consumers reveals the UK’s top financial institutions for customer service, loyalty and trust. Over a third (39%) of UK consumers have held a current account with the same bank for more than a decade. That’s according to new State of Finance research commissioned by the leaders in experience management, Qualtrics. […]

LogMeIn expert on how banks and financial institutions can step up enterprise security

Banks and financial institutions are frequently targeted by cybercriminals. Gerald Beuchelt, CISO, LogMeIn, discusses the steps that those operating within this industry vertical can take to strengthen defences and step up enterprise security. Cyberattacks are increasing at an alarming rate and in 2018 we’ve witnessed breaches hit several trusted brands across various industries, including British […]

Natterbox provides customer relations benefits to Moneyfarm

Founded in 2011, Moneyfarm is a digital wealth manager which helps people to protect and increase their wealth over time. It was launched out of a belief that the wealth management industry was failing to cater for the needs of many people. Guided by the principles that families should be able to invest their money […]

Top disruptive tech trends to transform business in 2019 revealed

Virtusa xLabs, an innovation practice within Virtusa, has identified the 10 most influential technology trends that industry, business and tech leaders need to know as they strategise their investments over the next 12 months. Virtusa xLabs collaborated with senior technologists and business leaders to identify the most influential technology trends that will help businesses to […]