Europe

Hugh Scantlebury, CEO and Founder of Aqilla   

Over the last few years, open banking has emerged as a game-changer for payment technology. By opening up transactional data, open banking has revolutionised how UK consumers and businesses access banking and financial services, enabling far more scope for...

Cloud to drive US$1.1 trillion IT spend across Europe, says Gartner 

Gartner predicts IT spending in Europe will reach US$1.1 trillion in 2024, fuelled by investments in cloud security and Infrastructure as a Service (IaaS). This marks a significant increase in IT services expenditure across Europe.  The firm forecasts...

Revolut customers donate over £1 million to support refugees through in-app donation feature 

Revolut, the global financial super app with over 35 million customers worldwide, has announced that its customers have raised over £1 million to support refugees around the world through UK for UNHCR, the UN Refugee Agency’s national partner...

How are banks leveraging technology to handle the complexities of ‘politically exposed persons’? 

Following the NatWest and Nigel Farage scandal, banks are still coming under increased scrutiny. The Treasury wrote to the ombudsman in September asking it to provide the complaints data showing a monthly rate of more than 268 complaints per month, made up...

Insurance companies embrace tech-driven injury prevention 

 We hear from Toni-Louise Gianatti, Head of PR and Content at Soter Analytics, on how the insurance game is changing through injury prevention technology.  The days of being reactive are in the past. Waiting for an incident to occur before...

How are FinTech startups disrupting traditional banking and financial services?  

FinTech startups are revolutionising the financial landscape by leveraging technology to challenge traditional banking and financial service providers. Through innovation in areas such as digital payments, lending, wealth management and Blockchain...

HSBC UK issues urgent fraud warning against dummy apps 

The warning comes as the bank has seen a spike in the number of cases, with dozens of customers downloading a dummy app within the last couple of weeks. One of these fake apps is called ‘PDF AI’ which impersonates a genuine app with a similar...

Lisbon’s subway adopts the most convenient and advanced access system in the world 

Indra has made Lisbon one of the first cities in Europe in which travellers can access the subway with their own cell phone, bank card or smartwatch without having to purchase a ticket or pass beforehand, by applying the EMV (Europay-Mastercard-Visa)...

UK small businesses struggle with profits and energy costs amid economic uncertainty 

A new report has revealed that more than a quarter (26%) of small business owners in the UK believe that they will be forced to cease trading if the outlook for their business does not improve – a potentially detrimental blow to the UK...

NatWest Group teams up with AWS to harness the power of Generative AI

NatWest Group has announced that it is expanding its collaboration with Amazon Web Services (AWS) to accelerate the use of Artificial Intelligence (AI) – including AWS’s Generative AI solutions — to more rapidly drive towards its goal of...

Cost of living crisis pushes debts to highest ever level and increases adoption of online banking  

The reliance on credit during the cost-of-living crisis for millions of people across the UK and Europe has been laid bare in a new report, with nearly a quarter of adults (23%) admitting their debt levels have never been so high.   The report from...

Escalating e-commerce fraud: The crisis merchants face globally 

In the last twelve months, merchants have seen a huge leap in online payment fraud (up 59%), account takeover (up 51%), promotion abuse (up 52%), refund abuse (up 53%) and customer fraud / friendly fraud (up 40%).  Merchants are now throwing more and...