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Strategies for securing retail payment data
Verizon recently released its annual Payment Security Report. And for retailers, the report highlighted significant areas for improvement in encrypting data, securing transmitted retail payment data, and authentication. This should serve as an industry-wide wake-up call, for the impacts of data breaches cannot be underestimated – writes André Stoorvogel, Director, Product Marketing in the Payments Group at Rambus. [...]
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PSD2 and Europe’s Open Banking Mandate – a PCM report
In a new report, PSD2 and Europe’s Open Banking Mandate, we aim to analyse the implications of the revised Payment Services Directive, PSD2, for the European banking industry and Open Banking challenges both for banks and FinTechs. The adoption of the revised Payment Services Directive (PSD2) is formalising the relationship between Banks and FinTechs by establishing [...]
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Growing InsurTech sector tackles industry ripe for change
After 2 moderate quarters, VC investment into InsurTech startups was strong in Q2’17, with $745.4 million invested across 60 deals. Despite quarterly fluctuation in deal size and volume, the overall picture is one of increasing interest and investment in InsurTech innovations. Most deals have remained small, focused on seed and Series A rounds, though larger [...]
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80% of UK companies face “major challenges” for GDPR compliance
The race against time has already begun: the new GDPR (General Data Protection Regulations), defined in 2015 to strengthen consumer protection at European level, will come into effect as early as 25th May 2018. Non-compliance with the GDPR will result in severe financial penalties. These are part of a general policy in the European community [...]
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EU launches Bank industry anti-trust probe into bank data sharing
As the European Union prepares to usher in new data-sharing rules for banks and financial institutions, antitrust authorities are probing whether the banking industry is preventing rival FinTech services from accessing customers’ accounts. EU officials carried out unannounced inspections on Oct. 3 in “a few” countries amid suspicions that “companies involved and/or banking associations representing [...]
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