Things aren’t getting any better for UK banking giant HSBC, which may now have to pay out an extra $1bn in fines following last year’s forex scandal and a string of negative revelations.
Whistleblowers, blackmailers, hackers and anyone with a grudge will soon be able to sell confidential information of all kinds through Darkleaks, in return for bitcoin payments.
International security services are investigating a highly sophisticated cyber attack which is believed to have targeted more than 100 banks and financial institutions around the world.
Held in London, the Finovate Europe event is one of the most exciting fintech gatherings in the world. With 60 demos covering the best new innovations on the planet, it’s an amazing place to spot the next big thing in the industry. Here are our five ones to watch.
UK bank HSBC helped rich customers to funnel money in through its Swiss banking arm to avoid paying tax – but just one UK citizen on the list has been prosecuted for tax evasion.
The UK’s goal to become the financial innovation capital of the world edged closer to reality this week, as London was named home to half of all the startups on this year’s FinTech50 list.
As Greece’s new finance leader Yanis Varoufakis began his “charm offensive” to convince European leaders to alleviate the country’s debt burden, 100,000 Spanish sympathisers flooded the streets of Madrid to call for an end to austerity.
Cyber fraud is on the rise, and public concern over the safety of data is one of the biggest factors holding back the tide of digital and cloud-based finance technology. One team of researchers may have a solution.
€1.1 trillion will be injected into Europe’s economies through an extensive programme of bond-buying, Mario Draghi has revealed.
Duplicated, manual processes and foreign exchange volatilities are among the most common factors hampering corporate treasurers, while treasuries themselves are becoming more and more centralised.
