Payment fraud is becoming more sophisticated, creating new vulnerabilities for organisations October 17, 2024 | Sponsored Author: Tim Forster, Strategic Partner Manager, Financial Messaging at Finastra In the digital age, security is a top priority for corporates and financial institutions. As payments become increasingly more sophisticated, so too do fraud attempts, particularly as payments are increasingly operating in real-time. The operational characteristics of instant payments (fast, irrevocable, simultaneous clearing and settlement) [...]
Arbuthnot: Historic bank leans on wealth unit as rate cut hits lending income October 17, 2024 Arbuthnot Banking Group reported growth in its wealth management arm as the historic lender looks to weather a fall in interest rates.
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]
UK fintech stars warn capital gains tax hike could force them to relocate October 16, 2024 Prominent UK fintech founders have warned the new government that hiking capital gains tax risks forcing them out of the country, with nearly half already mulling relocation.
Wall Street lenders beat earnings estimates as investment banks rebound October 16, 2024 Morgan Stanley, Goldman Sachs, Bank of America and Citigroup all surpassed analysts' estimates for their third-quarter earnings, helped by renewed strength in their investment banks.
John Lewis partners with Zopa to boost personal loan offering October 16, 2024 John Lewis has partnered with an online back to offer personal loans of up to £35,000 to its 23m customers. The department store chain‘s financial services arm is working with Zopa Bank to provide its customers with more finance options. The bank will be embedded into the John Lewis Money website with a personalised loan [...]
Standard Chartered wins Libor-linked court battle against investors October 15, 2024 British bank Standard Chartered has won its battle against its investors, meaning it can now impose "fundamentally different commercial bargains...from what had been agreed"
S&U: City regulator lifts collection restrictions on motor finance lender October 14, 2024 Specialist lender S&U said the City regulator agreed to remove collection process restrictions on its motor finance business after blaming the measures for a slide in profit this year.
Revolut named in more police fraud reports than any UK bank last year October 14, 2024 Revolut was named in more police fraud reports than any UK bank last year, new data has revealed, as the fintech prepares to launch as a fully-fledged lender in its home market.
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]