Many of the most dynamic technological innovations in the last 25 years have promoted the idea of breaking down barriers, improving accessibility, and bringing the world’s citizens closer together than ever before.
Financial technology, or fintech (FT), will affect investment banking (IB) by affecting the various lists of services that they offer. However, two concepts need to be clarified before these effects can be analyzed in detail. First, the scope of FT needs to be defined by the most recent technology.
None of us are getting any younger, but, in a way, the workplace is. Millennials are now the largest generation in the workforce in both the UK and US. By next year, this cohort – and the even younger Generation Z group that follows them – will make up more than half the workforce globally.
In the past couple of decades, due diligence has evolved and improved, thanks in large part to the advance of technology and digitisation. Where before the process was frustrated by physical data rooms and huge volumes of paper documents
It’s no secret that life as we once knew it has been transformed using technology with responsiveness playing a key role in keeping pace with digital transformation while prioritising security. For example, the introduction of biometric identification in the consumer ecosystem has been successfully accepted as ensuring superior security rapidly.
The relationship between cyber attacks and fraud is increasingly problematic. Society’s reliance on digital technology increases our vulnerability to fraud. Fraudsters see gaining data through cyber attacks simply as a step in the process – a means to an end. But these attacks create real headaches for victims and the authorities and the fraud creates significant costs for banks and society. James Hatch, Director of Cyber Services at BAE Systems Applied Intelligence, discusses how he believes fighting modern fraud needs a radical new level of collaboration and trust.
2018 was quite the year for mergers and acquisitions (M&A). At a near daily pace, global M&A activity hit an all-time high of $2.51 trillion during the first half of 2018, according to data from Thomson Reuters.
A ‘Card-Not-Present’ transaction is when a payment is made without a cardholder physically presenting their card to the merchant. Historically these sorts of payments have been used effectively for mail and telephone orders, but now they are used more typically to complete online orders, such as e-commerce and m-commerce (In App[1]).
How often have you been in a situation where you realise slap bang in the middle of the month that you’re late paying an important bill? And when you check your bank account to see if you can pay you are hit with a wave of dread? Readers of this article may not be in that situation regularly in their lives today, but most of us have been there at some point, and probably know others that are regularly confronted by this and can sympathise.
Mobile payments hit the mass market in 2014 with the introduction of Apple Pay and was hailed as the next revolution in payments. Partnerships with major payment providers such as American Express, MasterCard and Visa meant that the innovation was anticipated to make a major impact on consumers straight from launch.