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Analytics Leader FICO Awarded Eight New Patents for Decision Management Innovations
Monday, 23 October 2017
Silicon Valley analytic software firm FICO has been awarded eight new patents related to cybersecurity and advanced analytics. FICO now holds 183 US and foreign patents, and has 83 pending patent applications, including 16 that were filed in 2017.  
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More than half of UK public think fraud is inevitable when shopping online
Thursday, 19 October 2017
More than half (52 percent) of UK consumers think fraud is an inevitable part of shopping online, according to new research conducted by Paysafe, a leading global payments provider. In a wake-up call for online business, the Lost in Transaction report contradicts the widely-held belief that consumers value convenience and experience over security when shopping online. Instead, 60 percent of consumers are willing to accept any security measures needed to eradicate fraud, while two thirds (65 percent) are open to the introduction of more secure payment processes such as two-factor authentication.  
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Atradius Analyses Automotive Performance
Wednesday, 18 October 2017
Fears of a Brexit slowdown have failed to materialise in the British automotive sector but the consequences of an EU split loom on the horizon, reports trade credit insurer Atradius. 
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Smart Money launches specialist unregulated business arm Smart Money Finance
Wednesday, 18 October 2017
Smart Money Ltd has undergone a strategic restructure which sees the launch of Smart Money Finance as the focal point for all unregulated business activity. 
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FICO Regtech Solutions Will Protect GVNG Nonprofit Platform from Financial Crime
Wednesday, 18 October 2017
Silicon Valley analytic software firm FICO announced that GVNG, a technology platform for nonprofits, will use the FICO TONBELLER® Siron® suite of anti-money laundering (AML) and know your customer (KYC) solutions. Based in Los Angeles, GVNG will use the FICO “regtech” solutions to carry out risk-based checks on people setting up charities, making donations, receiving payments and volunteering services, and to provide immediate alerts when any suspicious transactions take place.
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United Kingdom: Maintain close ties with EU to meet challenges of Brexit, OECD says
Wednesday, 18 October 2017
The U.K. economy has weakened in the aftermath of the decision to leave the European Union. Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future living standards, according to a new report from the OECD. 
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Commenting on how inflation has hit a five year high
Tuesday, 17 October 2017
Commenting on how UK CPI inflation has hit a five year high, Emmanuel Lumineau, CEO at BrickVest, said: “The UK’s relative economic strength post Brexit has now waned as consumers begin to feel the impact of rising inflation. Higher interest rates should be coming for the first time in more than a decade. For the commercial real estate industry, higher interest rates and rising inflation make borrowing and construction more expensive for owners, which can have a constraining effect on the market but can also lead to an increase in property prices. 
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Nearly half of SMEs have never checked their credit score
Monday, 16 October 2017
Nearly half (44 per cent) of SMEs have never checked their company’s credit score, according to new research from RateSetter Business Finance.  
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Creating Silos, Financial Crime Risk and Impacting Customer Experience
Monday, 16 October 2017
Speaking ahead of SIBOS 2017, Reetu Khosla, head of risk, compliance, and onboarding for financial services at Pegasystems, urges the banking technology sector to stop deploying RegTech as a standalone solution in the fight against financial crime. There needs to be a concerted effort to embed RegTech within a new technology platform of KYC and Client Lifecycle Management capabilities along with robotics and AI. Without being bolder on digital transformation, banks’ ability to absorb the continuing tide of regulations and simultaneously improve their customer experience will be impaired, she adds. Streamlining front to back office client onboarding and customer experience is the key to driving competitive differentiation for Corporate Banks. 
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Free credit scoring platform launches for all registered businesses in the UK
Friday, 13 October 2017
Open Risk Exchange (ORX) has launched a platform offering free credit scores for all registered businesses in the United Kingdom.  
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Almost 12,000 criteria searches conducted on Knowledge Bank in one month
Thursday, 12 October 2017
Brokers have conducted 11,966 criteria searches on Knowledge Bank in the month since its launch, with the top three residential searches in September being: 
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