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Lloyds given record fine for PPI handling

5th June 2015
In a record judgement by the City watchdog, Lloyds Banking Group has been fined £117 million (€159 million) for its mishandling of payment protection insurance (PPI). This comes after the government announced that it would be launching sales of shares in Lloyds to the public within the next year. In the Conservatives’ pre-election pledge, they […]
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Affiniti to Lead Brand Transformation for Malaysia's Koperasi Tentera Into Co-operative Bank

5th June 2015
Singapore-based branding agency Affiniti has been appointed as the branding consultant for Koperasi Angkatan Tentera Malaysia Bhd (KATMB), as it makes its transformation from a Malaysian Armed Forces credit cooperative bank into a co-operative one. Affiniti will spearhead the entire branding and marketing efforts, which will include the co-operative bank's new name, brand story and […]
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One year on from the elections, India’s prospects are positive

4th June 2015
After a strong if volatile performance in the wake of the election last year, investors in India have seen some weakness over the past month. Far from reflecting a weakening of the investment case, Baring Asset Management believes this presents an opportunity as the long-term investment case is undimmed and market expectations for earnings growth […]
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Navy Federal Selects Proxama EMV Migration Solution

4th June 2015
Proxama PLC, the international mobile commerce company specialising in proximity marketing and provider of end-to-end payment solutions for card issuers, announced that Navy Federal Credit Union, the world’s largest credit union, has selected Proxama’s Payment Application Manager as part of their solution to migrate their portfolio of approximately four million debit cards to the EMV […]
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Worldpay extends global payment acceptance capabilities to India

4th June 2015
Worldpay, the global leader in payments has partnered with IndusInd Bank Limited to offer domestic acquiring services in India. The association will assist both companies in processing customers’ payments and marks the first step for Worldpay in entering the Indian market – a result of the growth in eCommerce across the country. Worldpay already offers local […]
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Vacancies down 6% but digital bucking the trend

3rd June 2015
The April 2015 London Recruitment Index registered a 6% month-on-month decrease in job availability, with 5,934 vacancies, compared to 6,331 recorded in March 2015. This dip in demand for professional talent can largely be attributed to market uncertainty in the weeks preceding the General Election. This pre-election slowdown is also reflected in the latest Consumer […]
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Kantox closes $11 million Series B investment

3rd June 2015
Kantox announced that it has completed an $11 million Series B funding round, led by Partech Ventures and IDinvest Partners and with contribution from Cabiedes & Partners. All three firms are existing investors. This brings Kantox’s total funding to $19 million since its launch in 2011. Kantox’s peer-to-peer platform offers SMEs and mid-caps a cost-effective […]
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Finance Sector Under Threat From Mobile Phone Security

3rd June 2015
Brought up in a world where mobile devices are an integral part of everyday life, Generation Mobile is defined by a productivity-focused attitude that finds it as easy to share a status update as it does a password or mobile device with a colleague. This kind of workforce is both an asset and a threat […]
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Arkivum Launches New Public and Private Cloud Digital Data Storage Solutions

2nd June 2015
Arkivum, provider of digital data storage and archive services, announced the availability of two new digital data cloud storage solutions – Arkivum/1+1 and Arkivum/OnSite. With digital data volumes increasing exponentially, vast stores of information, knowledge and culture is now instantly accessible. This also means that mountains of important digital data are under constant threat from […]
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Advanced offers top tips for businesses wanting to adopt M2M technology

2nd June 2015
As service management organisations face greater demands to improve customer service, increase first-time fix rates and cut costs, many are evaluating evolving machine-to-machine (M2M) technologies to help them meet these challenges. M2M offers the ability to remotely connect devices, machines and equipment to the cloud, transforming them into business intelligence solutions to collect valuable data […]
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1 in 8 Scottish Adults Victims of Fraud Last Year

2nd June 2015
A new study by insolvency trade body R3 has revealed that 1 in 8 Scottish adults were victims of fraud last year. This is higher than the national UK average of 1 in 9 people being hit by fraudsters, and second only to London where 1 in 6 people were hit. R3 had previously described […]
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UK working two days longer to pay tax in 2015

1st June 2015
Taxpayers in the UK are working two days longer on average in 2015 than in 2014 before they stop paying taxes and start earning for themselves, warns ACCA (the Association of Chartered Certified Accountants). Tax freedom day – calculated annually by the Adam Smith Institute – falls on 31 May. The date at which tax […]
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