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Fintech UK

Your trusted resource for the latest news and updates in UK Fintech Sector. The UK is Europe’s leading country for global tech investors, with British tech firms attracting more venture capital funding than any other European country in the last year.

Combating Fraud with Tokenised Identities

 by Suresh Rajagopalan, President Software Products, FSS for The Fintech Times Secure national identity infrastructure is foundational to delivering the benefits of a digital economy, where the bulk of transactions involve online interactions between remote entities. Whilst citizens in developed countries take identity for granted, in emerging markets governments are …

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74% of survey respondents wrongly assume banks use Artificial Intelligence to detect money laundering

New research by BAE Systems has found that 74% of business customers think banks use machine learning and artificial intelligence to spot money laundering. In reality banks rely on human investigators to manually sift through alerts – a hard-to-believe fact selected only by 31% of respondents. This lack of automation and …

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Payment industry certifies record number of security systems in fight against fraud

The number of payment card Point-to-Point Encryption (P2PE) systems, which meet the new industry standard has passed 200 for the first time, highlighting the growing worldwide emphasis on security. Figures from the Payment Card Industry Security Standards Council(PCI SSC) reveal that 202 systems worldwide have now been certified under the P2PE …

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Liberis secures £57.5m in funding and investment to support an estimated 100,000 jobs by 2020

London-based small business finance provider, Liberis, has secured £57.5m in combined funding from British Business Investments, Paragon Bank, BCI Finance, and Blenheim Chalcot. This new facility and equity investment will accelerate Liberis’ growth to help support an estimated 100,000 UK jobs by 2020, providing huge social and economic benefit to the …

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EARLY STAGE FINTECHS GET REGULATION GUIDANCE

The Emerging Payments Association (EPA), with the support of its Benefactor, Saxo Payments Banking Circle, has launched a vital resource for early stage FinTech and PayTech companies. The EPA FinTech Regulation Helpline, which will be resourced by Banking Circle and Lipis Advisors, is set to provide useful guidance to help …

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MindArk Deeptoken: New Cryptocurrency for Virtual Worlds

By Henrik Nel, CEO, and David Simmonds, Vice-Chairman & Business Development, for The Fintech Times. What is the problem that you’re solving? DeepToken will be utilised as an alternative deposit and withdrawal mechanism for players in the Entropia Universe. Using DeepToken will give them lower transaction fees, and thanks to …

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