Latest banking publications
The majority of financial services institutions are developing multi-cloud strategies, with 70 percent expecting to have live deployments by 2024, according to a new report from British software company YellowDog.
The company surveyed 200 IT business decision makers from UK and US financial services institutions with over 500 employees about their cloud strategies, finding that 98 percent are using a hybrid strategy and none to be entirely dependent on on-premise infrastructure.
Millennials are falling victim to scams involving handing money to fraudsters more than any other age group, according to Lloyds Bank.
New data shows that victims aged 18 to 34 are losing £2,630 on average to the fraud, which typically involve scammers impersonating banking staff, the police or HM Revenues and Customs.
Some 35 percent of financial services customers would prefer a fast response from a chatbot to waiting for a human, Pinsent Masons and Innovate Finance said More than a third of financial services customers would prefer an instant response from a chatbot to waiting to speak to a human, a survey suggests. Some 35 percent… Read More
The tipping point at which mobile banking is expected to overtake branches is predicted to happen in 2021, data experts Caci said Mobile banking is set to overtake high street bank branches by 2021 in terms of popularity, according to projections. Data experts Caci said growing numbers of people owning a smartphone is partly behind… Read More
“Gustuff” Trojan capable of attacking more than 100 global banking apps, cryptocurrency and marketplace applications, including PayPal and Revolut An Android Trojan capable of plundering fiat from leading international banks and e-commerce sites has been uncovered by cyber security researchers. The trojan, named Gustuff, bypasses security measures via the ‘Accessibility Service’ intended to assist people… Read More