PIN verification will soon become a thing of the past. Thanks to advances in fingerprint biometric technology, the reality of being able to authenticate a payment with a simple touch of the finger is set to explode across the globe. Whilst some countries remain conservative in terms of adopting this technology
The UK’s retail banking sector has a crucial role to play in ensuring individuals across the UK have access to the finance they need. Consequently, customers require the retail banking industry to be consistent and reliable, a mandate that was left lacking after a report by Which?
Benjamin Franklin once said, “In this world, there is nothing certain but death and taxes.” I’d like to add one intertwined level of certainty – the modern staple. In fact, staples are killing worker productivity and they’re a major part of our tax process.
The Fourth Industrial Revolution (FIR) will turn the power sector (PS) into a Blue Ocean Strategy market, and investors will have to adapt accordingly. (Blue Ocean Strategy focuses on capturing untapped demand through the creation of new products that make the competition irrelevant.)
It is nearly 50 years since the introduction of the Equal Pay Act, yet the gender pay gap persists. The UK tech industry is no better than other traditionally male-dominated industries, with Mercer reporting that men in high-tech companies earn 25 per cent more than women, compared to the gap in the UK overall of 18 per cent.
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.
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.