UK Finance is warning consumers to be on the lookout for “smishing” text message scams from criminals exploiting the coronavirus outbreak. Smishing is when criminals use text messages impersonating other organisations to trick people into giving away their personal and financial information or money. These scam texts often claim to…
Finance
The Road to True Digital Bank
Banking and finance are undergoing fast digital transformation, the replacement of legacy systems and novel tools for back-end and customer-facing tasks. The concept of a fully digital bank is one of the major paths envisioned for modern financial institutions. The term “digital bank” may sound familiar, although at present time…
Equities Succumb To The Coronavirus
Equities have finally succumbed. Until Friday, global markets were still hovering around their January highs. But markets fell back 1% or so on Friday and the UK and European markets are down more than 3% this morning. The recent spread of the virus outside of China,…
Responsible and Sustainable Investing
Environmental, social and governance (ESG) investing will be “the new norm in less than five years”, affirms the CEO of one of the world’s largest independent financial services and advisory organisations. The bold prediction from Nigel Green, chief executive and founder of deVere Group, which does business in 100 countries, comes…
Digital Bank Does Not Exist Yet
Fintech expert calls for a reevaluation of a Digital Bank concept claiming it should not have more than 10 employees if fully digitalized The rise of innovative technologies in finance naturally sparked an interest in digital banking. No wonder it has become a catch-all thing – while the competition in disruption is…
Bitcoin Arbitrage Opportunities Tighten.
Markets have adapted to better price discovery even on days of extreme price volatility, making arbitrage strategies no longer the ‘go-to’. A report into the liquidity of Bitcoin, published today by digital assets derivatives exchange ZUBR, reveals the crypto market has matured so significantly that traders and investors are having…