Building security from the ground up to avoid data breaches and tackle cybercrime
Cybercrime is rapidly growing, and this year, more so than ever, has been hit with hackers committing cyber-attacks. From Microsoft’s Exchange Server, taking Australian TV network off the air and disrupting fuel supplies so badly that drivers were filling plastic bags with gasoline it is not surprising to hear that cybercrime will reach $6 trillion this year. This has costed the […]
Return to work: What will trading floor look like?
There has been a tremendous amount of change in the way in which we work in the last 18 months. The financial services industry is no different. There is now a sense of hope that life could soon return to normal. Financial services organizations could achieve by creation of distributed hub-and-spoke offices. In addition to […]
The end of dual pricing
The insurance market’s rising volatility has culminated in a perfect storm. Even without the pandemic, the regular reforms sweeping the insurance sector, namely the FCA’s ban on general insurance price walking and the Ministry of Justice reforms. They each represent major changes with resounding repercussions. These knock-on impacts are underpinned by three changing dynamics within […]
Protect your financial affairs when abroad
If you’re planning to be overseas for a long period of time, then how do you protect your financial affairs? Perhaps now you are able to travel, you will be enjoying an extended holiday abroad or making use of your holiday home. In these situations, it is worth considering how your affairs in the UK […]
Dollar dented as consumer sentiment dives
The U.S. dollar fell to a one-week low against a basket of currencies. This is after a survey showed U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade. The University of Michigan said that its preliminary consumer sentiment index fell to 70.2 in the first half of this month […]
WHO seeks to take political heat out of virus origins debate
The World Health Organization announced that it was setting up a new group to trace the origins of the coronavirus, seeking to end what it called political point scoring that had hampered investigations. The inability of the WHO to say where and how the virus began spreading has fueled tensions among its members. This is […]
Toshiba returns to Q1 profit on demand for automotive chips
Toshiba Corp said that it swung back to profit in the first quarter, as the sales of automotive chips and hard disk drives recover from a pandemic-driven slump in demand. The scandal-hit Japanese conglomerate also said that it has been working on the selection of candidates for a permanent CEO and board chairman. Satoshi Tsunakawa, […]
Collaboration for good: Aviation operational tech solves Covid nurse scheduling problem
The arrival of COVID has turned everything. This has created an immediate need to rapidly expand intensive care units and challenging existing employment practices and regulation. Out of this crisis inspirational and clever collaborations around the world delivered a myriad of life-saving solutions. The use of Boeing’s market leading Jeppesen digital aviation software, which uses […]
Leveraging AI to manage financial risk in trade operations
The intricate nature of global maritime trade creates ample opportunities for exploitation by bad actors who seek to perpetrate financial crimes such as fraud and trade-based money laundering (TBML). The United Nations Office on Drugs and Crime estimates that the amount of money laundered globally per year is between USD 800 billion to USD 2 […]
Collaboration software evolves for the remote work era
The pandemic has forced businesses around the world to adapt the way they work and embrace the benefits of a hybrid or complete remote working model. According to the World Economic Forum, since the pandemic, 84% of employers plan to rapidly digitalize working processes. There is a gradual shift towards hybrid working practices, over a decade. […]