Online research from Equifax reveals that 43% of British adults don’t have any personal savings set aside for unexpected financial events such as unemployment, illness or urgent repairs to their home. The survey, conducted by YouGov ahead of the recent Bank of England rate rise, found that nearly one third (29%) of people, are concerned […]
New rules to be introduced by the Payment Systems Regulator will in future make banks and financial services liable for payment scams and consequent reimbursement. Andy Barratt, UK Managing Director at Coalfire, explains more for Finance Monthly. During the first six months of this year, victims of Authorised Push Payment (APP) scams were conned out […]
According to reports, the ‘ridiculous’ bill the UK is to pay out in order to exit the UK, otherwise known as the Brexit bill, stands at around £44 billion. That’s a lot of money, and a lot of cash, but how much cash to be exact? Finance Monthly has worked out approximately, based on the […]
Time to say goodbye to the gadgets and services that met their demise this year, including Windows Phone, the Kinect, 3D TVs, Apple's Shuffle and Nano, and AIM.
Anomali recently released a new report that identifies major security trends threatening the FTSE 100. The volume of credential exposures has dramatically increased to 16,583 from April to July 2017, compared to 5,275 last year’s analysis. 77% of the FTSE 100 were exposed, with an average of 218 usernames and password stolen, published or sold […]
With the recent interest rate rise, from mortgages to savings, the public is still awaiting movement in the financial sphere. Below Paul Richards, Chairman of Insignis Cash Solutions, explains to Finance Monthly what 2018 holds for savers. The Bank of England November rate rise has triggered a waiting game among banks. The government’s move to […]
Below Finance Monthly hears from Managing Director of Equiniti Credit Services, Richard Carter, who discusses the impact of digitalization on the lending market, rising interest rates and his predictions for the 2018 landscape. Digital fluency and a thirst for convenience are making the UK’s borrowers more capricious and cost-sensitive than ever, says Richard Carter, Managing Director, […]
Despite the mobile channel being an increasingly lucrative one for fraudsters to exploit, efforts to implement watertight authentication are being stymied by a lack of clarity around which party is liable in the event of sensitive data being compromised by hackers. It is time that mobile network operators (MNOs) and banks made a concerted effort […]
All beginnings are difficult. Studies show that, on average, nine out of ten start-ups fail (1), and the shark tank that is the financial industry isn’t exactly renowned for allowing tender start-up shoots to flourish. The risk of failure and the fierce competition should not, however, deter you from launching your own FinTech. Instead, you […]
Darren Craig is an Associate Partner within Northdoor plc- an IT Consultancy specialising in Data Solutions. Founded in 1989, Northdoor has created a consultancy-led engagement model for clients looking to start their GDPR programme. In their experience, the company has found that companies are very confused about the legislation and need advice around the processes […]
Below Simon Cadbury, Director of Strategy and Innovation at Intelligent Environments, answers a question many have been asking themselves for years now, what is the actual difference between a building society and your regular bank? Becoming an adult is an important moment for anyone. However, it’s perhaps now significantly less so for the millennial generation, […]
The annual cost of fraud in the UK is £190 billion, equal to around £10,000 per family, according to a new research study. The Annual Fraud Indicator 2017 reveals the staggering prevalence of fraud, which is now the UK’s most common criminal offence. Put into context, the scale of the problem is such that the […]
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