In early 2009, Bernie Madoff pled guilty to the largest Ponzi scheme in world history and the largest financial fraud in US history. Over the course of nearly three decades, the financier turned career criminal had stolen billions of dollars from investors by way of deceit and using fraudulent financial reporting. While no one has managed to eclipse Madoff in the intervening years, fraud remains a widespread problem in the finance industry.
Data from the Financial Times reveals that just over half of companies' finance employees are female, and in 2017, 58% of those were at a junior level. Certainly, there is potential to increase the proportion of women in finance in more senior roles and help them climb the corporate ladder. Collette Huckle, Divisional Director at Reed Accountancy believes that mentoring is the best way to achieve this and offers her five steps on how to grow professionally through mentoring.
For years, biometric authentication has been associated with mobile phones – and with good reason. Since the launch of the first fingerprint touch sensor on Android in 2014, there has been a steady march to the mass deployment we see and interact with every day.
Mobile is not the sole use case for biometric authentication, however – and, increasingly, it’s lending a helping hand to payments security. But what are the main drivers bringing biometrics into the financial services world? And how is the market likely to shape up? Lina Andolf-Orup, Senior Marketing Director at Fingerprints, answers these questions below.
Business cycles move faster than they’ve ever done. Only a few years ago, significant change used to happen relatively infrequently, giving organisations the time to plan for and adapt to new ways of working. Now, disruption is almost a constant and comes from many angles, making agility a pre-requisite for business success.
Paul Prendergast, Managing Director for the Consulting practice in the Products Industry at Accenture, looks into the role of CFOs of consumer brands and their unique position to help unlock growth.
To hear about mortgages, Finance Monthly caught up with expert James Darby, President and Broker at USA Financial Consultants (USAFC) and USAFC Realty.
It won't be long before millennials gain control of the more significant chunk of global assets. And as that future draws nearer and nearer, revolutionary changes have been sweeping the wealth management industry as finance companies prep themselves to appeal and cater to a whole new breed of investors.
Philip Hammond says that the UK fintech industry is currently worth £7 billion, employing more than 60,000 people. These massive, tech-driven disruptions are proof that fintech has finally emerged as a mainstream industry. Not only that, but these changes have also created numerous new trends that will benefit both businesses and consumers. Here are some […]
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