Category FinTech

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Growth in number of non-cash transactions sees spate of deals in payment processing sector

There has been a flurry of acquisitions and investments involving payment processors in recent months, with a focus on European targets. The payment processing sector has attracted particular interest from private equity firms, although processors themselves have made a number of major acquisitions. Notable transactions in recent months include: July…

London’s FinTech reputation faces disruption of its own

China’s growth in the FinTech world is “indisputable”, while London loses its top-ten dominance. China has been named as home to four of the five biggest FinTech innovators globally in 2016, while London represents only one company in the top ten. The FinTech 100 list, published in the annual report…

Another chink in the chain

Digital currencies may be vulnerable to cyber attacks. One of the often extolled virtues of digital currencies such as bitcoin is their perceived security.  Conventional payment systems are exposed to a number of inherent risks including credit risk (the paying bank may become insolvent), liquidity risk (an otherwise solvent bank…

FinTech boom could lead to 1.7 million banking staff cuts, predicts Citigroup

In a recent report titled ‘Digital Disruption’, the US global investment bank Citigroup forecasts that the growth of the current FinTech boom will lead to European and US banks cutting 1.7 million jobs by 2025. The 112-page report investigates the advances and investment in the current FinTech market and calculates…

FinTech makes exchange traded funds even more attractive

FinTech is increasingly having a positive impact on the cost and availability of financial products as exemplified by a recent development in the market for exchange traded funds (ETFs). Investment in ETFs has shown explosive growth in recent years and £2trillion is now invested in such funds.  ETFs track, for…

Experian strengthens its position in fraud detection services

$360million purchase follows a previous acquisition in the fraud detection segment. Experian plc, a FTSE 100 company providing credit checking services, decision analytics and marketing services, has announced that it has entered into a definitive agreement to acquire CSIdentity Corporation (CSID), a provider of consumer identity management and fraud detection services…