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Let us talk about it! PHISHING: A hacked hissing website that is targeting a brand and being hosted on a site that has been compromised. criminals will access unsecured domains and use them as a base for phishing. PHARMING INTERNET PROTOCOL (IP) : A pharming IP is a malicious IP/server that has been configured to...
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Do you know that in 2019 529 million Africans connected to the internet and statistics have it that 1 billion will be connected by 2022? Do you know as of January 2022, 109.2 million Nigeria are connected to the internet? Do you know that in 2017 cybercrime cost the African Economies $3.5 billion, with Nigeria...
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All indicators confirm that investment in fintech, new technology that can improve and automate financial services, is skyrocketing and is expected to exceed $30 billion by 2020. This investment will translate into dramatic time and cost savings and enhancements to service offerings from financial institutions. Here are the top 5 fintech trends everyone should be...
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We are experiencing a wave of nationalism and political uncertainty, but banks need to stop waiting for this season to change and start adapting to it because it won’t disappear any time soon, says City University of London’s finance lecturer Angela Gallo at Sibos London. Having been the largest beneficiaries of the previous wave of...
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London has the potential to be the centre of the world for Chinese RMB, according to Charles Li, CEO of Hong Kong Stock Exchange and Clearing (HKEX), should his firm’s proposed £32 billion merger with the London Stock Exchange Group (LSE) go ahead. Speaking at the second day of Sibos 2019 in London, Li says...
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Visa is trying to avoid “immediate displacement” of cash in its digitisation process so as not to disrupt the US population which is still heavily cash-based, says SVP global head of Visa Business, Kevin Phalen, at a Sibos round table in London. Phalen admits “it’s a shame” that firms in his home country the US...
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There will be a “leap frog” in Latin America’s digital transformation progress soon, beating Europe’s time to digital, says McKinsey’s senior partner Carlos Trascasa at Sibos London. Trascasa predicts “the spike” will hit soon, and whilst it will be be good for the Latin American population, it won’t be such good news for banks trying...
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The implementation of instant payment schemes like EBA Clearing’s RT1 and new Request to Pay (R2P) initiatives will help banks compete with global technology firms and fintechs, according to a panel on day two of Sibos 2019 in London. Narinda You, head of strategy and market practice at Credit Agricole, says that its time banks...
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Written by Ruby Hinchliffe Swift has revealed its latest European payments pilot at Sibos which took 41 seconds to travel from Singapore to Germany, following FinTech Future‘s exclusive preview on the announcement. Using a combination of gpi and domestic real-time payments networks, Swift has partnered with gpi banks to deliver instant international payments, which are...
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