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APIs – What Are They, Why Are They Gaining Attention?
‘APIs’ are Application Programming Interfaces. In brief, APIs allow two different pieces of software to interact with one another, and although the concept is far from new – launched by Salesforce in 2000 – they have hit their stride in the financial sector and are quickly emerging as one of the key enablers of competition and innovation in banking.
Bank Of England To Simulate Cyber War Attacks In Operation Waking Shark 3
The Bank of England is to test banking organisations’ vulnerabilities as part of a broader assessment of the reliability of their information security defences.
Banking Industry Hit By Criticism After Number Of Data Breaches Reported To ICO
According to Egress Software Technologies, there has been a huge rise in reported data breach investigations in the banking industry.
Banks Must Be More Agile If They Are To Keep Up With Tech City Startups
Closer collaboration between Silicon Roundabout’s technology startups and the banking sector is set to occur, according to a new report by Accenture.
Case Study: Islington Saves £3m With Budgeting And Forecasting Solution
While facing government funding cuts and budget pressures, Islington Council was able to make significant costs savings by implementing a budgeting and planning solution.
Children’s Charity Selects Software To Streamline Financial Reporting
A UK charity that aims to improve the lives of children living and working on the streets in Latin America has selected an accounting system and mobile app to streamline its financial processes.
Cloud Disaster Recovery: 72% Of Financial Organisations "Extremely Concerned"
A new study found that financial organisations aren’t taking up the opportunities presented by the cloud due to worries over how secure data back-ups are.
Does Alibaba Have The Biggest IPO Ever?
The Hangzhou-based e-commerce group could offer up to 368 million shares if underwriters exercise the option to buy the maximum amount of stock, raising a combined total of over $25 billion.
Government Investigating Benefits Of Open Data In Banking
The UK government has launched a call for evidence of the potential benefits greater data sharing and open dating could bring to the banking industry.
Greece Losing Access To Internet Financial Services
On June 29, Greece put capital controls (limits withdrawals from bank accounts) and set a cap on withdrawals from ATMs at €60 per day.
IT Systems Failure Sees RBS Fined £56m
Cast your mind back two years, and if you’re with RBS, you may remember that some customers were hit by technical glitches that meant they were unable to withdraw money, among other things.
Kaspersky Claims Malware Targeting Banks Is Growing Fast
More than half of all web-borne attacks that were blocked by Kaspersky Lab’s products were launched from malicious web resources located in Russia, a new report by Kaspersky Lab shows.
MasterCard Introduces New Payment Method To Appeal To "Selfie Generation"
MasterCard is tapping on a huge trend to provide a more creative and safe way to pay – through selfies.
Metro Bank Embraces The Cloud And Goes Paperless
Metro Bank is continuing to develop a “paperless culture,” as it embraces cloud technology and tablet devices.
Middlesbrough Selects Transformation Programme Partners
Middlesbrough Council has selected a supplier to aid its transformation programme intended to help deal with the authority’s financial challenges and help modernise operations.
Mobile Payments Service Paym Has 1.8m UK Users
Mobile payments service Paym has now been used by more than 1.8 million people in the UK since its launch in January 2013.
NatWest Hit By Online Banking Glitch Again
NatWest has confirmed that its online banking service is experiencing issues which are preventing users from accessing the bank’s website.
New College Durham Restructures Back Office
New College Durham has completed a reorganisation of its back office departments, implementing a finance system with integrated electronic workflow and document management.
Opinion: Is FinTech This Year's 'Dot Com Bubble'?
Mike Laven, CEO at Currency Cloud, says it's great that this is valued at $12.4bn. He just wonders how long it can last.
Opinion: Is The Age Of Digital Espionage Upon Us?
Digital transformation is shaking up the finance industry, says Alistair Tooth, Director of Product Marketing (Cloud Security), EMEA, Akamai Technologies.
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