Tag: COVID-19

The pandemic has allowed Big Tech companies such as Google and Amazon to strengthen their grip on financial services, according to The Financial Stability Board.

When Covid-19 swept the world at the start of 2020, no one had any idea how much the pandemic would change the way we live and work. As in-person restrictions continue to fester two years on, how has the opportunities provided the pandemic impacted the RegTech industry?

A huge challenge for companies and consumers alike during the pandemic was the inability for business matters to be conducted in-person. As countries globally entered lockdowns, the possibility for wet signatures – a signature commonly done with pen and paper – become almost impossible.

Research by global software firm Nuix has found that UK customers are leaving their banks due to complaint mishandlings during the pandemic.

A study by cybersecurity firm Tenable has found that 72% of UK firms have attributed recent cyberattacks to vulnerabilities in technology put in place during the pandemic.

One of the most potentially longstanding trends to emerge over the past year is hybrid working, with the working model expected to persist as the workforce becomes more accustomed to the work-life balance it offers them.

Prior to the Covid-19 pandemic, the insurance sector was already a highly competitive space. Now, with more demand than ever for insurance, the market is going into overdrive.

Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.

A survey by Temenos has found investment in technology and data infrastructure are the most vital priorities for asset managers as they look to deliver a post-pandemic recovery.

Interpol has warned that organised crime groups are attempting to defraud governments by offering fake Covid-19 vaccine deals.