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The financial services industry is in top of cybercrime attacks
April 27th, 2017
Cyberespionage and ransomware attacks are on the increase warns the Verizon 2017 Data Breach Investigations Report Cyberespionage is now the most common type of attack seen in manufacturing, the public sector and now education, warns the Verizon 2017 Data ...
Small Business skeptical to adopt Mobile Banking
March 9th, 2017
RateWatch, a leading banking data and analytics service owned by TheStreet, Inc. (TST) and Simon-Kucher & Partners, a strategy and marketing consulting firm, released the results from the 3rd Annual Monetizing Digital Banking Products for Small Business Customers survey. ...
First Global Fintech Fund for the Underserved
March 6th, 2017
The Accion Frontier Inclusion Fund, managed by Quona Capital, invests in companies that innovate to expand access to financial services to underserved consumers and businesses in emerging markets Three billion people around the world are underserved by the financial ...
App-only startup bank Monzo crowdfunding passed £2.5 million ($3.1 million) in less than 24 hours
March 1st, 2017
App-only startup bank Monzo has attracted enough initial interest in its £2.5 million ($3.1 million) crowdfunding campaign to fill it close to three times over, after less than 24 hours of pre-registration. Monzo opened pre-registrations for its crowdfunding at ...
These are the fastest growing private companies in Europe
February 22nd, 2017
Swedish watches and accessories retailer Daniel Wellington was the fastest growing entrepreneurial company in Europe over the past three years, topping Inc. Magazine’s third annual Inc. 5000 Europe list. The Inc. 5000 Europe represents the only comprehensive look at ...
Investors yanked $106 billion from hedge funds last year
January 16th, 2017
Investors yanked more than $100 billion from hedge funds in 2016, according to a new report from eVestment. Investors redeemed $23.7 billion in December, bringing the total of redemptions for the fourth quarter to $43.2 billion. For the full ...
FTSE 100 extends a record-breaking run
January 11th, 2017
European stocks rose Wednesday, with London striking another record pinnacle on the sliding pound and rebounding commodity prices. Sterling fell as weak official trade data offset bright industrial output figures — and the currency’s slide gave a fresh impetus ...
Fintech start-ups in Europe to get up to €1.6bn in funding from EIF
November 11th, 2016
The European Commission (EC) has pledged up to €400 million to the European Investment Fund’s (EIF) new fund-of-funds – for the money to be spent on start-ups in Europe, including in the fintech space. The EC has also said ...
Iran to introduce credit cards for the first time
September 26th, 2016
The Central Bank of Iran allowed the country’s financial institutions to issue credit cards for the first time in Iran’s history, however the cards are unlikely to be issued soon, local ISNA news agency reported, citing the Central Bank ...
Who’s Happy After Brexit? Lawyers
June 30th, 2016
The happiest people in Britain today may well be the lawyers. Setting aside the symbolic meaning of the British vote to leave the European Union, practically speaking “Brexit” means tearing up hundreds of laws, rules and agreements governing everything ...
