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Mastercard has developed a new AI tool called Consumer Fraud Risk which helps banks to stop people from sending money to scammers. It could help prevent the loss of £100 million every year.
The partnership sees the country's fifth-largest bank select Microsoft as its primary cloud-service provider, with the hope of leveraging the power of the cloud to improve its offered experiences.
Through their partnership, Ripple and Modulr will deliver real-time, price-competitive, and reliable payments into the UK and Europe. Their services will be available globally in the coming months.
The Microsoft Cloud for Financial Services is slated to hit general availability on November 1. The company's latest cloud vertical enables the financial sector to innovate using Microsoft tooling.
IBM has introduced its new Telum processor at the annual Hot Chips conference. The processor is IBM's first one that can do on-chip acceleration for AI inferencing during a transaction.
The multinational banking firm has teamed up with Microsoft in order to pursue its goal of becoming a cloud-first bank. The strategic partnership between the firms is set to continue for three years.
Google is entering the mobile banking market next year, in partnership with eight banks across the United States. Users will be able to create and manage their bank account using Google Pay.
EE has announced its new Digital Identity platform that consists of a number of tools to prevent the instances of fraud. The firm is working with banks to help make their systems more secure.
In an official statement, Goldman Sachs stated that the gender is not factored in when determining creditworthiness. It also hinted at the potential cause for lower credit limits, among other things.
Having shared its strategy earlier in the year, National Australia Bank will roll out support for Alipay to its point of sale terminals next year after conducting a pilot with selected merchants.
Boasting a presence in almost twenty countries across Northern Europe, Nordea Bank has now rolled out Google Pay support for all of its consumer cards in addition to its First Card.
HSBC and TSB Bank are the latest banking institutions in the UK to suffer major disruptions to their mobile and internet banking services. For its part, HSBC says some services have been restored.
Facebook is bringing its Community Boost programme to the European Union to help individuals and businesses learn the digital skills they need. The programme was announced for the U.S. last year.
If you're used to using Capital One's website to deposit paper checks, you're now out of luck as the company has officially retired that service to force users into using the mobile app instead.
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Along with some new voice recognition features introduced by Barclays, customers can now make money transfers using Siri and Apple touch ID, without having to open the Barclays banking app.
Samsung's Galaxy S8 will be used in a Bank of America pilot program involving 1,500 employees from both companies, to test the handset's iris scanner for use with mobile banking services.
An Android Trojan was recently found to be updated with a keylogger and capability to take advantage of the OS's accessibility feature, which can be used to display phishing links and steal data.
A threat intelligence firm has taken a look at an online course that actually offers its students lessons on how to commit credit card fraud and gain access to online accounts for their own gain.
Using a combination of spear-phishing and a flaw in SS7, hackers were able to steal usernames and passwords from German bank users, manipulate SMS message delivery, and steal money from accounts.
Mastercard has revealed a new credit card with a fingerprint scanner. While fingerprint security isn't foolproof, it does improve the current state of bank card security, which uses just a PIN.
Lloyds Banking Group has announced an "exclusive partnership" with Microsoft to trial the use of Windows Hello biometric authentication with customers of Lloyds Bank, Halifax, and Bank of Scotland.
Bankers in the UK will be excited to learn that if they bank with NatWest, and use a Windows phone, there's a all-new app for that! Among the new features is full support for Continuum.
Xiaomi has become a stakeholder in the new Sichuan Hope Bank which aims to cater for young, Internet-savvy users and small businesses. Xiaomi is the second-largest stakeholder with 29.5% ownership.
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Intelligent Environments has created a platform that links to the Pavlok wristband, delivering a 255 volt electric shock if you overspend on your bank account. Other devices are also being integrated.
BitPay has unveiled its new BitPay Visa Card. The card was made available with the help of Visa and allows cardholders to deposit Bitcoins from any wallet and withdraw or spend them in dollars.
A new type of malware is spreading on Android devices in a corners of the world. The trojan steals login information for banking and financial apps, as well as two-factor authentication codes.
Google is expected to bring Android Pay to the UK at the end of March, according to a rumour by insiders. The payment system will compete against Apple Pay which launched last summer.
TalkTalk, one of the UK's largest ISPs and pay-TV providers, says its website was subjected to a major cyberattack, adding that customer info and credit card/banking details "may have been accessed".
Atom Bank will launch later this year, but it won't have any branches or ATMs of its own. Instead, it will offer its banking services via a mobile app, and plans to include biometric security support.
Microsoft India sent out a press release this week saying that banks there that are still using Windows XP could be at risk if they don't ditch the OS before the April 8th support cut-off date.
The International Monetary Fund (IMF) has said that they have been targeted by what they called “a sophisticated cyber-attack”. According to the BBC website, officials at the fund didn’t give out many details, but said that...
After ZeuS and SpyEye were rumored to have merged, many security professionals were concerned that advanced online banking malware would hit the scene sometime soon. According to Yahoo News, it appears that time may be...
Bank of America is buying up domain names with derogatory words like "sucks" and "blows" in an effort to protect its executives and board members from potential future attacks according to a report out of...
Citigroup instructed the users of its mobile iPhone banking app to upgrade immediately in the wake of a discovered security flaw, according to the Wall street Journal. Apparently, the mobile banking iPhone app (currently the...
Hackers infecting PCs with malware that is only triggered when they access their bank accounts, is the latest threat to online banking, according to security software supplier F-Secure. Hackers are acting as a 'man in...
Complicated security checks could be undermining confidence in online banking, warn experts. Security extras such as number fobs, card readers and password checks might make consumers more wary of net bank websites, they fear. The...
The UK has seen an 8,000% increase in fake internet banking scams in the past two years, the government's financial watchdog has warned. The Financial Services Authority (FSA) stated it was 'very concerned' about the...
Millions of netizens do their banking online each day; chances are you're one of them. Unfortunately there are risks associated with banking over the internet. Criminals are constantly looking for their next victim, often establishing...
Blizzard updates its official World of Warcraft site with information on how the banks of Azeroth with operate. Blizzard has recently updated its official World of Warcraft Web site with information on...
