Revolut slashes fraud with disposable virtual cards Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30% reduction in card fraud cases. In March Revolut began letting customers create...
Barclays has taken-out an enterprise-wide license agreement with Simudyne to investigate new ways to manage risk in a simulated virtual environment. The bank has been using Simudyne’s toolkit to undertake ‘agent-based modelling’ which allows companies to simulate...
CYBG is planning to launch a new service in May 2018 allowing users of its B smartphone app to access new open banking technology and see their accounts with other lenders. The B app is used by around 150,000 people Dealogic study has found that European banks have...
HSBC is planning to integrate Quantexa’s AI software to screen the data it holds on customers and their transactions against publicly available data, in a move to identify suspicious activity. Quantexa’s software scans structured and unstructured data on...
Starling Bank is to integrate its app with PensionBee’s pension transfer service and is planning further partnerships with Wealthsimple, Habito and Kasko in the near future, according to City AM. NatWest has hosted a speed dating event to demonstrate how much...
Altus Consulting has said that PSD2 will help banks re-enter the advice market and consolidate their clients’ pension assets. Big banks not already offering advice are poised to launch technology-led advice services. At least five – Lloyds Banking Group,...
