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.
Technology
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.
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.
Over the past several years, the role of the chief financial officer (CFO) has changed dramatically. This is due to many factors, including the global financial crisis of the last decade, the emergence of big data, the changing technological landscape and the ubiquitous influence of social media.