Fintech, Finance, Technology, Banking Highlights – 4 October 2018
The Cyber Defence Alliance and Europol Step up Cooperation in the Fight Against Fraudsters
On 27 September Europol’s European Cybercrime Centre (EC3) signed a Memorandum of Understanding (MoU) with the Cyber Defence Alliance Limited (CDA), a group of British-based banks and law enforcement agencies which work together to share intelligence and fight against hackers and fraudsters.
The MoU was signed by Maria Vello, CEO of the CDA and Head of EC3, Steven Wilson, during a visit to the Europol headquarters in The Hague.
The purpose of this agreement is to address cyber threats affecting the banking and financial sector by organising activities, exchanging expertise such as best practice, statistical data, technical information or trends related to cybercrime and cooperating with each other when implementing projects.
On the signing of the MoU, Head of Europol’s EC3, Steven Wilson, commented: “The Cyber Defence Alliance is a valuable partner for the EC3 and the signing of this MoU illustrates the logical next step in our mission to jointly tackle the threat of cybercrime. CDA does important work in facilitating the sharing of information on cybersecurity incidents and is thus an essential partner in securing the global digital space. I look forward to our upcoming cooperation and joint projects.”
Maria Vello, CEO of the CDA, said: “The CDA is extremely proud to have signed the MoU with EC3. For us, EC3 is an invaluable strategic partner and critical to our quest to fight cybercrime and threats collectively and collaboratively across Europe and globally. EC3 adds a whole new dimension to the CDA to help enable our mission and to take a proactive approach to tackling cybercrime at all levels of this miscreant ecosystem of shared criminal services. Through our cooperative efforts we will be able to help ensure a safer cyber future.”
Wealthsimple Launches Pension Offering
Wealthsimple, a global online investment service, today introduced the Wealthsimple Pension.
It is the only digital pension in the UK that provides unlimited access to investment advice from a human adviser — at no additional cost to the client.
The Wealthsimple Pension is a self-invested personal pension (SIPP) that provides an easy and affordable way for people to save for the future by combining their pension pots in one place, alongside their other investment accounts. Wealthsimple Pension customers benefit from globally-diversified, low fee portfolios, with no minimum account size.
“Retirement is something people should look forward to, but traditionally UK pension providers haven’t made it easy for people to save for their future. Fees are high, there’s little flexibility and next to no support,” said Toby Triebel, CEO Europe, Wealthsimple. “We’re bringing the simple, human approach we’re known for to pensions and giving people access to the advice and guidance they need to build a smart retirement strategy for their future.”
TransferGo announces free international money transfer service
Global remittance company TransferGo, announced today that it has launched the first completely free international money transfer service.
Customers are now able to transfer money around the world at absolutely no cost.
TransferGo will charge zero fees and make the money transfer at the mid-market (inter-bank) foreign exchange rate.
“In today’s global society, customers should be able to transfer money to friends and family internationally at no cost, in the same way they can domestically.” said Daumantas Dvilinskas Founder and CEO of TransferGo “Our product innovation is driven by the highest pain points for our customers, which in this case was the fees currently charged by incumbent [and challenger] players in the market. We believe in stripping down the complicated fee structures that can be difficult to understand – we want our customers to have complete confidence that we are providing a service with no transaction fee and no mark up on exchange rates, it’s just free.”
TransferGo’s free service is powered by the success of it’s premium service, TransferGo Now, which allows customers to make international money transfers instantly.
