Europe

LSB to boost support for SMEs by issuing guidance to lenders on financial inclusion and enhancing business protections on digital channels 

The Lending Standards Board (LSB) has published the outcomes of its review of the Standards of Lending Practice for business customers (‘the business Standards’), identifying new opportunities to strengthen customer protections with practical guidance for ban...

NatWest is the first UK bank accepted onto new UK Open Banking DPS 

NatWest has become the first UK bank to be named as a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking services. This DPS will be accessible by all public sector entities in the UK including central g...

Transforming digital identity management in Switzerland with zero-knowledge 

Partisia Blockchain and the University of Applied Sciences and Arts Western Switzerland (HES-SO Valais-Wallis) are poised to transform the management of digital identities for Swiss citizens.   This partnership aims to develop a decentralised...

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 for the UK...

Geopolitical tensions top list of concerns for UK financial organisations, finds survey 

Protecht, a leader in risk and resilience software, has announced the findings of its UK 2024 Financial Services Risk and Resilience Outlook research. The comprehensive survey, conducted amongst 400 key UK financial organisations, reveals an industry...

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 of 1,351...

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 redesigning w...

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 technology,...

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 name.  The...

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)...