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Bank Heists Possible Due to Flawed Code
Wednesday, 26 July 2017
The total number of critical vulnerabilities in financial applications fell in 2016, however the overall severity level of the identified vulnerabilities grew significantly. The most common vulnerabilities relate to flaws in mechanisms for identification, authentication, and authorization of users with two in three remote banking applications vulnerable to brute force attacks. These are the findings detailed in a report, published today by Positive Technologies, of its financial application security assessments performed throughout 2016.  
ONS inflation - Callcredit comment
Wednesday, 26 July 2017
Steve McNicholas, Managing Director – Credit and Marketing Data, Callcredit Information Group, said: “Despite a surprise fall in the inflation rate, at 2.6% it is still stubbornly above the target rate of 2%. Coupled with stagnating wages, high inflation rates for a sustained period of time means Brit’s living standards continue to be squeezed. In this environment, ensuring customers’ affordability has never been more important to protect them from overstretching themselves financially.
Economic growth backdrop remains supportive, with some softening in momentum in the US and UK
Wednesday, 26 July 2017
The growth backdrop remains supportive, although at the margin there appears to be some softening in momentum in the US and UK. This is resulting in the synchronicity of global growth appearing to be less pronounced than was the case earlier this year. What is notable, however, is that this slight slowing in momentum has done little to shift central banks from their willingness to exit emergency levels of stimulus. In their view, deflation risks have been largely defeated and this has been evidenced by the hardening tone of more hawkish iterations in recent weeks, albeit nuanced and modest. In short, the direction of travel is clearly in favour of policy normalisation.
The highs and lows of the Greek economy: New Atradius report
Wednesday, 26 July 2017
Economists from trade credit insurer Atradius report that the year ahead holds a mixed outlook for industries in Greece following another international bailout.  
Commenting on China’s Q2 economic growth beating expectations
Monday, 17 July 2017
Commenting on China’s Q2 beating expectations, Shilen Shah, Bond Strategist at Investec Wealth & Investment, said: “The better than consensus print for Chinese Q2 GDP (6.9% vs. 6.8%) suggests that the economy is maintaining momentum with both industrial output and fixed asset investment somewhat stronger than estimates. Despite concerns over China’s so called shadow banking system, the global economic recovery seems to have supported Q2 GDP. Retail sales were somewhat stronger; however, the underlying data suggests that external demand and capex remain the key drivers of growth.”  
New data shows employee wellbeing rising up UK corporate agenda in comparison to other countries
Friday, 14 July 2017
Global data from the Top Employers Institute shows that employee wellbeing in the UK has risen up the corporate agenda with 82% of many large companies consistently defining an organisation-wide total wellbeing programme in 2017, increasing from 73% in 2016. What’s more, the impact and effectiveness of programmes are evaluated consistently with 71% doing so, up from 65% last year, while employee wellbeing education has also jumped from 61% to 85% in the last year.  
More Than Purse Keepers and Risk Managers, Modern CFOs Are Driving Customer Experience with Data
Friday, 14 July 2017
In a study released today, Dun & Bradstreet revealed data that uncovers the changing role finance leaders play in stewarding their organisation’s customer experience, a mandate traditionally viewed as one of the chief marketing officer. Because positive business results are often fuelled by great customer experiences, chief financial officers are increasingly using data and analytics to become customer-obsessed to ensure their organisation’s customer strategy is rooted in insights that will drive favourable outcomes.
John Phillips at Just Mortgages comments on the latest figures from UK Finance
Friday, 14 July 2017
John Phillips, group operations director at Just Mortgages and Spicerhaart says, “At first glance it seems that the market picked up slightly, but we cannot make a fair comparison as the figures are still very much distorted by the buy-to-let stamp duty changes that were introduced in April last year. 
Hope Capital's CEO comments on the latest figures from UK Finance
Friday, 14 July 2017
Jonathan Sealey, CEO of Hope Capital says, “UK Finance (formerly the CML) recently cut the buy-to-let lending forecasts amid a ‘stalled’ mortgage market. This highlights how damage has been inflicted on the buy-to-let market thanks to the changes in stamp duty, the phasing out of interest rate tax relief, and the lack of new homes coming to the market hasn’t helped in terms of home mover activity. 
Abandoning austerity is no solution
Friday, 14 July 2017
Recent weeks have seen the issue of the public sector pay cap re-surface and several Cabinet members have suggested they would be open to taking another look at the topic. However, "Abandoning austerity is no solution", published by the Centre for Policy Studies on Thursday 13 July 2017, suggests the government should not abandon its deficit reduction targets or make significant increases in tax in order to lift the cap or increase departmental spending.
Despite its woes, Africa’s potential remains significant
Wednesday, 12 July 2017
Euler Hermes, the global leader in trade credit insurance recently presented its latest analysis on Africa’s economic performance at a ‘Risk Frontiers 2017’ conference in London. Highlights of the speech by Stéphane Colliac, chief economist for France and Africa with Euler Hermes, follow.
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