Munich fintech start-up Wirecard says £1.7bn missing from its accounts probably never existed, as cheif executive quits and prosecutors consider arrests
TECHNOLOGY POWERING BUSINESS
News fintech
FinTech Part 3: The Future Of FinTech
FinTech offers many new ways to bank and manage money. With Open Banking gaining pace, what does this mean for the security and the future development of payment systems for enterprises?
Google AI Scheme Targets Banks Overwhelmed By Pandemic
Google Cloud's PPP Lending AI Solution aims to help banks analyse and process loan applications under US government's aid scheme for small businesses
Brazil Launches Nationwide Instant Payments System
Brazil's central reserve bank set to offer instant payments infrastructure as basis for private services aimed at companies and individual consumers
FinTech Part 2: Building the FinTech Ecosystem
How are FinTech companies innovating? What's the tech that sits behind the development of their apps and support networks, and what these advancements might mean for wider industries and consumers.
FinTech Part 1: A New Payments and Banking Landscape
As one of the fastest-growing sectors, FinTech is building technologies and services that will touch every consumer and business. In this new series, Silicon UK explores the current state of FinTech and asks why companies need to pay c ...
UK’s 2018 Tech Sector Venture Investment Shows Sharp Drop
Venture capital investment in London tech companies was down 29 percent on the previous year, but was still nearly double that of Berlin, its nearest rival
IMF Suggests Governments Set Up Own Cryptocurrencies
Fintech fantasy? Nation states should build their own digital currency to prevent its use by money launders and fraudsters
Microsoft Rolls Out Juggernaut Blockchain Payments System For Gaming Industry
The new blockchain-based offering, backed by services giant EY, is expected to turn into one of the world's biggest enterprise blockchain deployments
AI, Cloud And Blockchain ‘Creating New Risks’ For Banks
Financial organisations must work with authorities to revamp banking regulations, study finds
TSB Banking ‘Back Online’, But Problems Continue
Days of chaos have resulted from a botched systems switchover at the weekend
EU Proposes Cross-Border Crowdfunding Regime In Fintech Push
The plan would create a single regulatory scheme across Europe for crowdfunding platforms, as the EU prepares for Brexit
Fintech Consortium To Tackle Cybersecurity Issues
A new consortium led by the World Economic Forum aims to bolster the financial industry's battle against a growing range of cyber threats
Banks Trade £22m Using Blockchain Platform
Sign of the future? Two banks have successfully completed a securities lending transaction using blockchain
Google Ads Targeted By Cryptomining Malvertising Attack
Google DoubleClick advertising network serves up ads that mine for cryptocurrencies such as Bitcoin
Arrival Of Open Banking To Spearhead ‘Technological Revolution’ In Finance
Open Banking: New rules that require banks to share information with third party providers come into effect. But what does it mean?
Google Pay Unifies Android Pay And Google Wallet
Google unifies its payment services under a single banner - Google Pay - in bid to drive adoption
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
Visa Uses TfL Experience To Help Other Cities With Contactless Transport Payments
Visa Global Transit Solutions offers guidance, frameworks and standards for transport operators around the world to implement contactless
PyeongChang 2018: Visa Offers Contactless Gloves, Stickers & Pins For Mobile Payments
Visa offers novel wearable payment devices for spectators at the 2018 Winter Olympic Games
JPMorgan Adopts London Startup AI Tech To Power Smarter Trading
The debt dealer will make uses of machine learning technology from Mosaic Smart Data
Brexit Won’t Stop London From Being A Fintech Bastion For Europe
London's fintech sector will likely ride out the Brexit storm in the medium-term
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
HSBC Beta Offers A Platform With A Gateway Into Open Banking
The bank's platform provides customers with a single view of all their bank and savings accounts
Contactless At 10: One Third Of All Card Payments Made With A Tap
Two thirds of Brits have made a contactless card payments since the tech arrived in the UK in September 2007
Mobile Payment Values Rise Threefold As Importance To Retailers Grows
Worldpay figures show 336 percent rise in mobile payment values thanks to wider adoption and wider support
IBM & HSBC Team Up For Cognitive Trading Platform
Bank Tech: IBM and HSBC develop a cognitive and intelligence global trading system