Cyber Risk and Reputation Management
In recent years, more and more companies have succumbed to cyber attacks. This is particularly an issue in the financial services industry, where hackers and cyber terrorists launch attacks on banks and other financial firms in order to profit monetarily, usually by holding the company to ransom. These are often known as the denial of service attacks whereby hackers will launch an organised attack on a firm to shut down a range of services and then demand payment in order to cease the attack.
Profitability Among UK FinTech
Rarely do we hear a startup making profit. Try searching for the “your favourite startup name” and “profit” together on Google. More likely than not, the top results would include news articles headlined “ABC startup operating loss widens X times than last year” or results that are as distant to relevance as are startups to profit in the modern economy.
Retraining the Financial Industry
I love a good vindication. Don’t you? Seeing someone get what’s coming to them is just so satisfying. The 2015 financial drama The Big Short reminds audiences of the frustration of being denied justice, and it reminds us that often those who have to bear the consequences are not those who deserve them. As in The Big Short, this is especially true when companies must lay off employees.
Misdiagnosis by Overworked and Understaffed Specialists
Beyond a shortage in primary care, labour pools in many medical specialty fields are also facing challenges from over-strained doctors. Generally speaking, there are three challenges facing medical specialists across a wide array of fields:
Telemedicine and Digital Healthcare
Teladoc, Doctor on Demand and MDLive are finding demand in the US where the PCP shortage is felt most: rural areas. It might seem simple enough to connect a doctor and a patient through a chat box or video call, but Teladoc has demonstrated on a large scale the ability to conduct basic primary care consultations at just $30-40 per “visit”. That’s a dramatically lower price than the typical visit in the US today, which can range from $100 to $180; but may go up further still depending on the deals between the physician and the insurer.
Digital Healthcare and Primary Care Physicians
When most people think of innovation in healthcare, they’re likely to think in terms of biotech, life sciences and medical devices. However, some of the biggest revolutions in healthcare today are being driven by a new source: the same entrepreneurs who brought us smartphones and “Ubers” for anything are turning their attention to fixing our health systems.
How FinTech Deals with CyberSecurity
Make sure you read the part 1 of this article here!
PwC adds that while threats ebb and flow in terms of where they come from, the frequency and sophistication of cyber attacks on the infrastructure on banks and financial firms is increasing constantly. It suggests also that the geographic landscape of cyber attackers is always evolving, with reports that a higher number of cyber attacks are coming from Africa, and that in some cases cyber criminals could be relocating to South Africa from Europe to escape detection.
Cybersecurity in Financial Services
With the development of online technology, it was inevitable that finance would also become integrated with the internet. Despite initial hesitancy from the wider public to adopt online banking technology and other online financial services, online banking, investing money online and conducting a range of other financial transactions has become commonplace.
Fintech’s Impact on Traditional Banking
Today I went grocery shopping from my couch. This isn’t really a big deal. I routinely order shoes on Amazon, music on iTunes, and even my razors arrive like magic. You probably do these things too. E-commerce is as normal as a trip to the store used to be. It’s exciting times, but many store employees are profoundly and negatively impacted by the switch from brick and mortar shopping to online retail.
What Emmanuel Macron’s Victory Means for Economy
The results are in: Emmanuel Macron has defeated Marine Le Pen in the French Presidential Election. Garnering roughly 65% of the vote, Macron will become France’s youngest president at age 39. This victory will likely provide a shot of change in French politics and economics, as Macron himself is a political newcomer and centrist. He has shown staunch support for European unity, unlike Le Pen, which should ensure a sense of normalcy regarding the EU. While all of this makes for interesting headlines, many are wondering what exactly this means for business. Fortunately, we can analyze some of Macron’s economic views in action due to his prior roles both in and out of government.