Employee microchipping could be commonplace by 2030
You've probably had your dog or your cat microchipped, but how would you feel if your employer wanted to microchip you?
A survey of 5,000 senior decision makers in the finance sector reveals that 47 percent of leaders believe employee microchips and other human technology implants to be in workplace use by 2030.
Beginner's guide to investing: 7 tips for greater financial freedom
When you read any financial articles, most often than not they will recommend investing as one of the best ways to grow your wealth and enjoy a bit more financial freedom. While this may feel like just another to-do added to your plate, along with budgeting, paying bills, saving, and paying down debt, investing is something that you will likely find is worth your time.
Investing doesn’t have to be extremely time-consuming, or even extremely expensive. Here are 7 investing tips that may help you get started with investing.
60 percent of consumers prefer a fintech app to an accountant
Fintech apps have simplified financial management to the point where 60 percent of people will now seek advice from personal finance tools before reaching out to financial professionals.
A new survey from Capterra makes gloomy reading for accountants as it finds 64 percent of fintech users feel that these tools have significantly reduced their reliance on financial advisors.
Facebook and Microsoft are the most popular phishing bait
A new report reveals the most impersonated brands in phishing attacks for the first half of 2023, with Facebook taking the top slot, followed by Microsoft.
The report from email security company Vade, shows Facebook accounted for 18 percent of all phishing URLs and Microsoft for 15 percent. Taken together these two accounted for more unique phishing URLs than the next top five brands combined (Crédit Agricole, SoftBank, Orange, PayPal and Apple).
The new challenger bank ethos: Why sustainability is fueling the next wave of disruption
If you were to take their marketing at face value, you’d assume that big banks were leading the finance sector’s charge regarding sustainability. And while they undoubtedly play an essential role, especially when financing major renewable energy projects and the like, the biggest disruption comes from challenger banks.
Increasingly, popular challenger banks such as Monzo and Starling, for example, are marketing themselves as more sustainable, capitalizing on a growing desire for banks to prioritize the environment. In fact, a recent report found that 67 percent of customers want their bank to be more sustainable.
Enterprises rush to implement FinOps but aren't yet seeing value from it
FinOps is increasingly being adopted, with 98 percent of respondents to a new survey from Cloudbolt either having a FinOps strategy or planning to implement one. But while 71 percent of companies have expanded funding for FinOps resources in 2023, 99.8 percent say they are still waiting to see any value from it.
In case you haven't been paying attention, FinOps is an operational framework that brings technology, finance, and business together to drive financial accountability and accelerate value through cloud transformation.
Financial services businesses face critical data security gap
New survey findings from Lookout show that 70 percent of IT leaders in the financial services sector report a significant increase in data breaches compared to previous years.
Nearly half of organizations (47 percent) are struggling with the heightened difficulty of detecting and mitigating threats, while about a fifth (18 percent) face a significant lack of control over their applications and data.
Selling Gen Z on Fintech
Technology is becoming a more significant part of the world with each passing year and the newest generation of consumers is growing up with digital tools in hand. With this comes a great opportunity for selling Gen Z on fintech.
"Fintech" is a portmanteau of the term "financial technology." It refers to any digital tools financial institutions offer that make managing finances convenient. Since the COVID-19 pandemic, using fintech tools has become the preferred way consumers manage their finances.
Only 18 percent of staff think hybrid working has improved productivity
New research, from UK-based IT consultancy and services provider Doherty Associates, finds that only 18 percent of workers in two key sectors think that hybrid working has substantially improved productivity.
The survey of 889 employees working in the UK capital markets and legal industries looked to uncover how the working-from-home revolution and subsequent technological adoption have impacted productivity.
Signing up for an Apple Savings Account was surprisingly bad
Announced last year in partnership with Goldman Sachs, the much-anticipated Apple Savings Account finally launched earlier today. Despite the long delay between announcing and launching the bank account, signing up for it was a surprisingly bad experience,
Firstly, it requires you to own an iPhone (on iOS 16.4 or higher) and be in the USA. I luckily meet this criteria, but understandably, Apple fans in other places would like to take advantage of the impressive APY (currently 4.15%). Of course, if and when the account launches in other countries, the rate is likely to vary based on location -- the percentage is unlikely to be the same regardless of country.
Cloud adoption leaves regulated industries open to attack
Switching to the cloud has left organizations in heavily regulated industries like healthcare and financial services with a greater attack surface, according to a new report.
Research published today by Blancco Technology Group, based on responses from 1,800 IT professionals in healthcare and finance, shows 65 percent of respondents say that the switch has also increased the volume of redundant, obsolete or trivial (ROT) data they collect.
Financial services is the most impersonated industry in phishing attacks
Threat protection company Vade has released its latest Phishers' Favorites report for 2022 which finds that financial services is the most impersonated industry, accounting for 34 percent of phishing pages as attackers continue to follow the money.
There are also seven finance brands in the top 20, with PayPal, MTB, Crédit Agricole, and La Banaque Postale all securing a spot in the top 10.
Digital banking, biometric payments and more regulation -- fintech predictions for 2023
Like any other industry, the financial services sector is undergoing digital transformation. While banking and finance have historically been quite traditional, pressure from more agile startups has led larger companies to look to tech to stay competitive.
The effect of the COVID-19 pandemic has driven more people to do their banking online too. Here are the key trends that experts expect to see in the fintech sector in 2023.
Financial services developers under pressure to deliver digital transformation
A new study shows 83 percent of IT leaders from banks, insurers and other financial services providers confirm there are challenges facing their development teams.
According to the research from Couchbase these challenges include having to do too much in too little time (54 percent); and that deadlines and agility requirements are difficult to meet (30 percent).
How fake data can help to combat breaches [Q&A]
September this year marked five years since the notorious Equifax data breach which exposed the social security numbers, birthdates, credit card details, and more of millions of customers.
But how much has the industry learned from this breach? And what measures can be used to help avoid similar issues in the future? We spoke to Ian Coe, co-founder at Tonic.ai to find out why fake data might be the answer.
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