X plans to offer Visa-powered X Money Account in US later this year as it seeks to develop 'everything app'
News Finance
JPMorgan Rolls Out AI Chatbot To Staff
US bank JPMorgan Chase reportedly gives asset managers access to internal AI chatbot, compares it to working with human research analyst
Brand Voice
Can You Trade Successfully in the UK Today?
It is a well-known fact that the stock markets are cyclical in nature. What goes up can (and will) come back down. This is one of the fundamental principles of trading, as investors often seek to purchase assets after a clearly bearish cycle. However, these very same movements tend to worry some financial professionals. Downward trends can in some instances signal more profound economic challenges.
G7 Finance Ministers Agree Principles For Central Bank Digital...
Finance officials from the G7 endorse 13 public policy principles for central banks and digital currencies, and urge transparency and rule of law
Alibaba Hails ‘Bright’ Future Ahead Of Hong Kong Listing
Chinese giant's £10 billion secondary listing seen as a boost for Hong Kong as Asian financial hub continues to be wracked by anti-government protests
Equity Firm Buys UK’s Sophos For £3.1bn
Acquisition of Oxfordshire-based cyber-security firm, which aided NHS during WannaCry attacks, follows fall in value of sterling in wake of 2016 Brexit vote
Facebook Promises Congress It Will Address Libra Cryptocurrency...
Company's comments follow criticism of Libra by US Treasury Secretary and Chairman of Federal Reserve amidst broader scepticism and hostility
Financial Conduct Authority Proposes Ban On Crypto-Derivatives
FCA finds that derivatives and ETNs referencing crypto-assets are 'poor products' and too risky to be sold to retail investors
Study Finds ‘Systemic’ Mobile Financial App Insecurity
Tools including retail banking apps fail to take appropriate precautions to stop their software and systems from being hacked, researchers discover
Banking Sector Leads UK To Top Five In Security Spending This Year
Meanwhile, worldwide security staff shortages are set to drive spending on managed security services to £10.7bn in 2019
France, Germany Pull Back On Plans For Tax On US Digital Giants
Under a new compromise, the EU now aims to implement its 3 percent tax on large digital companies' revenues by 2020 — and only if international bodies fail to reach a solution
North Korea Targeted £850m In Four Year Hacking Spree
North Korea's financial hacking operations are using increasingly sophisticated techniques as the country grows more desperate for cash, finds a new study
Regulators Consider Record-Breaking £30m Fine For Tesco Bank Hack
The 2016 incident, the first mass breach of accounts at a western bank, forced Tesco's financial arm to temporarily shut down online services and reimburse customers £2.5m
US Charges Extradited Russian Over Massive Hacking Scheme
Georgian Andrei Tyurin was allegedly part of the hacking ring that breached JPMorgan Chase and other US financial firms, making hundreds of millions from stolen data
Regulators Publish Review Of Cryptocurrency Risks
The Financial Stability Board wants to look into possible volatility threats posed by the likes of Bitcoin
AI, Cloud And Blockchain ‘Creating New Risks’ For Banks
Financial organisations must work with authorities to revamp banking regulations, study finds
UK Manufacturers Top Attack Target For Cyber Crooks
Study from NTT Security also finds ransomware infections grew by 350 percent last year
Openreach Sees Record Fibre Additions As BT Enterprise Struggles...
BT reaches 95 percent superfast broadband and 90 percent landmass 4G coverage but BTGS units still suffer
Arrival Of Open Banking To Spearhead ‘Technological...
Open Banking: New rules that require banks to share information with third party providers come into effect. But what does it mean?
Fake Cryptocurrency Wallet Tops Apple App Store Charts
Surge in public interest around Bitcoin and other digital currencies has helped propel a dubious wallet app to the top of the App Store's Finance section
NiceHash Admits It Was Hacked Amid Fears It Lost $70m In Bitcoin
Bitcoin mining marketplace NiceHash admits devastating hack, which some estimates say could have cost it nearly $70m
Blockchain Clearing System Adopted By Australian Stock Exchange
Blockchain down under, as Australia becomes first global market to adopt it for stock exchange
PayPal’s TIO Networks Says Data Breach Impacts 1.6m Customers
PayPal only bought bill payment processor TIO Networks For £177m in July but has suspended operations
IBM X-Force Discovers IcedID Banking Trojan
New banking Trojan discovered and is active in the wild hitting targets in the United States and the UK
British Financial Regulator Opens Probe Into Equifax Breach
The Financial Conduct Authority said it has opened an investigation into the breach of 15.2 million UK citizens' records following a letter from Parliament
Equifax Admits Huge Data Breach Affects 2.5m More People
Equifax forensic investigation finds huge breach impacts 2.5m people than previously thought as wait for UK analysis continues
Mastercard Uses AI To Identify At-Risk Bank Cards After Data Breach
Mastercard Early Detection System will help banks see which cards are most at risk from a data breach
Deloitte Data Breach Exposes Some Client Emails
Deloitte is conducting an internal review to see how breach happened in March, but says just a fraction of emails are impacted
Equifax Hackers Enjoyed Leisurely Tour Inside Your Credit History
ANALYSIS: The Equifax breach began on 10 March, giving hackers nearly five months to rifle through the records of 143 million people in the US
Equifax Confirms 400,000 UK Consumers Affected By Huge US Data Breach
Equifax says UK systems not breached but due to process error, Brits' data was stored on hacked US servers