Cyber Risk and Reputation Management

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.

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Profitability Among UK FinTech

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.

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Retraining the Financial Industry

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.

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Cybersecurity in Financial Services

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.

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Fintech’s Impact on Traditional Banking

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.

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The World of Charity Startups

The World of Charity Startups

When we think about companies and corporations, we often think in terms of bottom line, stock price, and growth potential. We throw around terms like “value stock” and “investor optimism,” and we consider these metrics to communicate a company’s value. Obviously, they are important since they are a primary measurement of a successful, sustainable company. However, to quip on the infamous quote by Mitt Romney during the 2012 election, corporations are comprised of people, and people need more than a bottom line.

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The Rise of Fintech Chatbots

The Rise of Fintech Chatbots

With the growth of artificial intelligence in every area of online activity, chatbots have grown in sophistication to fill the role of customer service agents. Transparency Market Research predicts the global chatbot market will be worth $994.5m by the end of 2024 – a huge rise from only $113m in 2015.

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‘Selfie Pay’: Paying With Facial Recognition

‘Selfie Pay’: Paying With Facial Recognition

Facial recognition is the latest fast growing technology that will be employed to verify payments on mobiles and in stores across the world in the near future. While fingerprint technology has grown as a method of payment on smartphones, it hasn’t caught on as widely as expected due to various drawbacks, which facial recognition technology hopes to resolve.

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Solving Information Asymmetry Problem in Crowdfunding

Solving Information Asymmetry Problem in Crowdfunding

Crowdfunding has seen rapid growth in recent years, with $2.5 Billion raised in equity crowdfunding globally during 2015. This amount is expected to grow further, as new regulations make it easier for entrepreneurs to raise money through crowdfunding. In theory, crowdfunding provides great benefits to both the seekers and providers of capital; allowing entrepreneurs to raise funds easily, and providing small investors with fresh avenues for investment.

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