the banking group Nordea has opened its own equity crowdfunding platform for businesses and investors, told the trade magazine.the risk of companies financing is difficult for banks to face tougher regulation.Equity crowdfunding platform provides therefore nordea for the opportunity to be involved in growth companies in the field.the Service is included in the book-entry system and, according to end up in the companies that pass the Nordea sieve."Companies should be running and they are certain of the approval process through.we Aim, at least initially, to encourage youth entrepreneurship.
In the first trading day has been on the Helsinki stock exchange riotous rise.on Monday afternoon stock exchange general index OMX Helsinki exceeded the 9000-point barrier.the Last index has been over 9000 points in the spring of 2015.the OMX Helsinki index has produced during the year by 4.7 percent.the Rise is largely a good December.Donald Trump the choice of the Us president as well as Trump's election promises of infrastructure investment and regulatory hölläämisen prevent stimulate, inter alia, raw materials, shares and banking sector.
housing expenditure as a percentage of retirement growth, because housing can keep housing services produced by along with as an asset, which is not desired for one reason or another gave up, told Yle.Traditional Finnish savings thinking comes from the fact that the ownership of the apartment is pension reserves, said Danske bank's leading pension expert Susanna Miekk-oja."the Home should, however, good to keep and sell it only then, when the need for care.the Responsibility of the ministry of finance is moving towards more and more people to himself."Miekk-oja has four decades of experience in the banking and investment sector.His specific knowledge of the sector's 50 -advice.
the employer's opportunities to find out the job seeker or already a task of the selected background information on the various registers provided in the law, told the economist.in finland, the protection of the police security intelligence unit makes almost all individuals regarding security clearances.personnel security clearances may be limited, basic-shaped or broad.in the banking sector, it is common for the employer to figure out certain tasks of the selected credit information and make a personnel security clearance.for Example, the CREDITS according to the Group, its companies do is to do the task on the safety report in accordance with the law the basic shape of a personnel security clearance of the person reliability and fit to ensure."the basic shape of the personnel security clearance data sources include, inter alia, of credit data," explains head of unit Elina Reini share of the bank group.
the insurance company If:n CR:to the complaint of not coming to a solution for a while yet.we are currently in active dialogue with the OP with the Group , said director Kirsi Leivo Finnish Competition and consumer authority.If doubts of OP financial Group's dominant market position abuse.It did report a request to the end of 2015.Ifiä interested in whether the CR group, the approach of the competition law prohibited restriction of competition and is there a way to tie banking services and insurance services each other the competition law of the spirit.Bake said that the matter of sorting out is the very crucial point it is decided in this context to intervene in OP's bonus system.
the Swedish government devised by the banks ' contributions are not the only reason why Nordea is considering the headquarters transfer out of Sweden, the group leader Casper von Koskull said news agency Bloomberg.instead, the reason is Koskullin according to the Swedish banking regulation as a whole."your Attention is too much stability in payments.We must assess the whole picture, and our decisions are based on the whole", von Koskull said the news agency.Nordea received the backing this week of the Swedish competition authorities, who warn that the banks ' payments increase and the government's new proposals are hampered by the country's financial sector operations.according to the Authorities, on the other hand, Sweden needs a sufficiently large stabilization fund, which will ensure that the financial sector stabilization of the pour state of the hands
Photo: Nora TamHong Kong companies and financial services institutions lag behind the US and Europe in cybersecurity measures as little emphasis is placed on security from a board-level perspective, according to industry experts.He said the banking sector in Hong Kong had lagged in their uptake of cloud technology adoption.Darren Argyle, chief information security officer of UK-based financial technology firm Markit, believes that Hong Kong banks and companies fall behind the US and Europe in beefing up cybersecurity even as the number of cyberattacks have been on the rise globally.He added that companies often view security as a cost of doing business, as cyber criminals increasingly target corporations in their attacks.CEOs of financial companies are now starting to ask what technology is in place which assures that they can respond adequately during a breach, he said.One way to mitigate the skills gap in Hong Kong is for the government to invest heavily in cybersecurity and related security start-ups, thereby encouraging more Hongkongers to pursue a career in security, he said.
To learn more and subscribe, please click here.Consulting firm Accenture has announced a partnership with artificial intelligence software company, IPsoft, aimed at spurring the use of AI in the enterprise, ZDNet reports.The deal will see Accenture integrate IPsoft's AI program, Amelia, into a new business unit called Accenture Amelia.Amelia will act as a virtual agent to businesses within the insurance, banking, and travel industries.Companies can enlist its help to automate a wide variety of service desk roles, such as helping customers open new bank accounts or process insurance claims.The company recently built a new R lab in Dublin, Ireland, where Accenture s head office is.The lab will focus on the development and integration of AI systems into Accenture Operations, including customer support, procurement, supply chain, and warranty services.The global market for content analytics, discovery and cognitive systems software is projected to reach $9.2 billion by 2019, according to IDC.
If you thought Google I/O would be nothing but smartphones and complex code, you clearly weren't banking on Google diving head-first into virtual reality.Sure, Google Cardboard has been around for a while, but it looks like chump change compared to Oculus Rift or HTC Vive.It starts with Android N, which is getting overhauled with plenty of VR-specific tweaks, like faster screen response times, reduced latency and more accurate motion sensors for better head tracking.The first handsets won't be turning up until later in the year, but Samsung, HTC, Huawei, LG, Asus, ZTE, and other manufacturers are all on board.Your phone will still slot inside, but a comfortable head strap should keep it locked in place without making your arms cramp up.Daydream is set to arrive in the Autumn, but developers will be able to start putting games and tech demos together as soon as Android N arrives.
Stephen Ingledew, MD, Marketing, Standard Life, UK said: "Today we are truly working towards a segment of one and as a result, our customer communications must be personalized at a depth unimaginable just a few years ago."In addition to the analytics tools, Standard Life is using IBM Campaign and Interact, these help the investment company to turn analytic insights into customer snapshots that help to identify what exactly a person's financial needs are and what their long-term aspirations may be.Employees will have access to these insights and then be able to actively, and more effectively decide on what would be the best course of action.The work with ING Direct sees the bank aiming to deliver more personalised banking services to online and mobile customers as it looks to better engage with younger digital savvy customers.Although there are no exact details on which analytics tools are being used, the deal highlights an increasingly proactive response from FS organisations to meeting customer demands and fending off competition from fintechs.The investment company has around 4.5 million customers across 46 countries and it actively manages over £253bn in investments worldwide.
Robert Schifreen, the "white hat" at the centre of the 1980s controversy, compiled the archive, which details Schifreen s two-year-long legal travails following his open hack of Prestel, BT s pre-web online service.Schifreen and the late Steve Gold managed to hack into BT's Prestel Viewdata service, famously accessing the personal message box of Prince Philip in the process.Involving the Royals prompted BT into calling in the police, setting off a chain of events that led to the the arrest of Schifreen and Gold in March 1985 and the subsequent prosecution of the two tech enthusiast journalists.Evening white hatsIn presenting the archive, Robert Schifreen explained the context of 1980s hacking to an audience at TNMOC.Live systems were used for home banking, among other applications.BootnoteThe Reg's take on how a hack on Prince Philip's Prestel account led to UK computer law - featuring interviews with Schifreen, former Detective Inspector John Austen, a senior investigating officer in the case, and Alistair Kelman , Gold's barrister throughout the case - can be found here.
Anyone with an Android device running KitKat 4.4 and above will be able to make payments if their phone has NFC.The system will work with all existing contactless payment points, including those on the London's transport network.Details of the payment system's UK launch were partially leaked by a coffee shop last week.One London-based branch of Pret a Manger started displaying adverts for the contactless method alongside its card machines, saying that users Android users could pay with their phones.Android Pay debuted in the US in September, with Australia set to be next following its UK launch.It was immediately supported by almost all major UK banks, with the exception of Barclays, which launched its own bPay alternative.
As you may or may not recall, given how much time has passed, hackers broke into LinkedIn s network back in 2012, stole some 6.5 million encrypted passwords, and posted them onto a Russian hacker forum.Because the passwords were stored as unsalted SHA-1 hashes, hundreds of thousands were quickly cracked.If you re not sure, a best practice would be to change it anyway, as well as on other critical sites where you may be using that same password such as your banking website, email, or Facebook, for example.LinkedIn says that it has increased its security measures in the years since the breach, by introducing stronger encryption, email challenges and two-factor authentication.They would also not necessarily protect users from hackers who had obtained email and password combinations.We are taking immediate steps to invalidate the passwords of the accounts impacted, and we will contact those members to reset their passwords.
Now, Talk It Over: On your anniversary, you want to remember the good times that got you to where you are today.You probably don t want to feel forced into spending time with someone you don t really feel like hanging around with.Well, that s kind of what Facebook Chief Executive Mark Zuckerberg was faced with Wednesday.See, Wednesday marked the fourth anniversary since Facebook held its IPO and became a publicly traded company.On this day in 2012, Facebook went public at $38 a share.And in order to ensure whatever comes out of Handler s mouth is understood as much as possible, Netflix has hired more than 200 translators to handle the 20 languages in which Chelsea is being streamed.It s too early to say if Handler s humor will cross all those international borders no matter how well Netflix s translators do their jobs.The company will offer up $1.4 billion of its shares, and the rest will come out of the portfolio of Chief Executive Elon Musk.Tesla is banking on the $35,000 Model 3 to spur its next phase of growth, as the company has set a target of producing 500,000 cars a year by 2018.Cisco Comes Out On Top: Cisco Systems reported its fiscal third-quarter results after the stock market closed Wednesday, and investors liked what the networking-equipment maker had to say.Cisco reported a profit of 46 cents a share on revenue of $12 billion.Apparently, a bunch of people thought Lively s use of one of Sir-Mix-A-Lot s lines from his 1992 hit Baby Got Back showed racial insensitivity.
Donald Trump revealed Wednesday he would consider nominating Texas judge Don Willett to sit on the U.S. Supreme Court.He was nominated to the Texas Supreme Court by Rick Perry in 2005, and has been re-elected twice.But Willett is also the self-proclaimed Tweeter Laureate of Texas, and has spent the last year mocking Trump on Twitter.For instance, when Public Policy Polling found that 9 percent of North Carolina voters would choose Deez Nuts over Hillary Clinton or Trump, Willett responded on Twitter with this gem:In March, Trump tweeted that he would spill the beans on Sen. Ted Cruz s wife, Heidi, and Willett responded with a tweet that was much more favorable toward her:Twitchy noted in April that after South African pro golfer Louis Oosthuizen got a hole-in-one after ricocheting off another golfer s ball, Willett had this to say:I hit within inches of the hole & then Lyin Louis gets a hole-in-one by banking off my ball?!pic.twitter.com/a1mGbY8a9p— Justice Don Willett @JusticeWillett March 9, 2016— Justice Don Willett @JusticeWillett November 9, 2015Willett has not yet commented on Trump including him in the handful of jurists he d consider to appoint to the Supreme Court.Neither flash nor html5 is supported!
This means that these computerized advisors can offer both mass affluent and wealthy investors a variety of benefits, such as lower fees.Respondents to the survey also said that robo-advisors would by far have the greatest effect on the financial services industry both one year from now particularly in the Americas and five years from now.This is all further evidence that we ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new fintech revolution.The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts and partnerships will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes:Traditional Retail Banks vs. Online-Only Banks: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees Traditional Lenders vs. Peer-to-Peer Marketplaces: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful Traditional Asset Managers vs. Robo-Advisors: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for.As you can see, this very fluid environment is creating winners and losers before your eyes…and it s also creating the potential for new cost savings or growth opportunities for both you and your company.After months of researching and reporting this important trend, Evan Bakker, research analyst for BI Intelligence, Business Insider's premium research service, has put together an essential report on the fintech ecosystem that explains the new landscape, identifies the ripest areas for disruption, and highlights the some of the most exciting new companies.These new players have the potential to become the next Visa, Paypal or Charles Schwab because they have the potential to transform important areas of the financial services industry like:Retail banking Lending and Financing Payments and Transfers Wealth and Asset Management Markets and Exchanges Insurance Blockchain Transactions If you work in any of these sectors, it s important for you to understand how the fintech revolution will change your business and possibly even your career.And if you re employed in any part of the digital economy, you ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable.Among the big picture insights you'll get from The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry:Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management.The basic conflict will be between old firms and new—startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own.Both sides face serious obstacles—traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers.Meanwhile, startups are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources.The blockchain is a wild card that could completely overhaul financial services.This technology could lower the cost of many financial activities to near-zero and could wipe away many traditional banking activities completely.This exclusive report also:Explains the main growth drivers of the exploding fintech ecosystem.Frames the challenges and opportunities faced by incumbents and startups.Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth.Reveals which two financial services are garnering the most investment, and are therefore likely to be transformed first and fastest by fintechExplains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it.Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities.And much more.The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry is how you get the full story on the fintech revolution.To get your copy of this invaluable guide to the fintech revolution, choose one of these options:Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more.BUY THE REPORTThe choice is yours.But however you decide to acquire this report, you ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology.
B2B FinTech is focusing on altering the institutional pillars that affect how a business uses them to acquire the services they offer or capital.FinTech B2B disruption has a number of segments that are being disrupted simultaneously, causing issues for long-standing institutional pillars of banking, insurance, legal and regulatory.Let's look at all the five segments of B2B FinTech:1.Insurance InsurTech This is one of the oldest established financial industries,  and for decades companies involved in it have done little to innovate, and the market has stayed fairly stagnant.Today, we have a number of new players that have left those institutions to set up the new FinTech Insurance companies.The lawyers that embrace FinTech Legal understand their profession is going through a massive evolution, and that adapting means staying competitive, and driving value for their clients.Related Article: Top FinTech Trends, Fresh From Finovate Europe 20164.Banks are feeling the attack on all fronts, from consumers, business, wealth management, and every other subsector.5.The global marketplace has regulated companies for years for licensing, capital raising, etc.RegTech is changing how we can open accounts with ID Verification, where money comes from with AML, how we validate companies,and conduct backgrounds checks, all in real time and in a cost effective manner.
Enter the Pavlok, a wrist band that delivers a 255 volt shock to the wearer when they violate self-imposed spending limits.The wearable works via an integration with a banking platform for Intelligent Environments, a UK company.Go over that limit, and the system will notify Pavlok, which will dutifully give you an electric shock as punishment.The banking platform itself can work with more than Pavlok, though, and those who don t like the thought of suffering a shock can use Nest for a more subtle sort of discomfort.Spend too much money, for example, and you can set the thermostat to turn the AC down in the summer time, making yourself uncomfortably warm.Said Intelligent Environments director David Webber:With cashless payments like contactless, direct debits, and Apple Pay, it s unsurprising we lose track of spending, so we decided to solve this by enabling smart devices to manage our overspending for us … Both Pavlok and Nest Thermostat are opt-in services so consumers can decide whether to switch them on or not.
On Wednesday, before the stock market opened in New York, Goldman Sachs analyst Patrick Archambault upgraded shares of Tesla.Archambault put a "Buy" rating and a $250 a share price target on the stock because of what he sees as the market's failure to "fully capture the company's disruptive potential."On Wednesday, after the market closed in New York, Tesla said it would sell $2 billion worth of stock, $1.4 billion of which would be issued by the company.Tesla CEO Elon Musk would sell $600 million worth of stock to meet a tax obligation related to his buying even more Tesla stock."This would, however, be a breach of what the banks call a "Chinese Wall," or a separation of various divisions that could come into conflict one another.Research and investment banking are examples of divisions that could create a conflict of interest and between which there exists said wall — meaning that research analysts don't know who investment banks are doing deals with and investment banks don't know what analysts think of companies outside of published research.In an email to Business Insider, Goldman Sachs said: "Our Research is independent.As a result, investors buy.This report is delivered just as Goldman's sales force is about to hit the phones to push $1.4 billion of those very shares for a nice fat fee for Goldman and a dilutive hit to the shareholders.So then there are investors who, based on Archambault's note, bought the shares in the morning only to learn by that afternoon that Goldman would have a hand in diluting their newly acquired ownership stake.And the popular view says Goldman knew this was going to happen the whole time.There's an additional potentially uglier mess if you also think Goldman clients were told by Goldman sales-trader types not to buy the stock on the upgrade: What did they know, and so on.But analysts aren't really the problem hereA big problem here is that Goldman can't save itself from itself.Publishing a positive opinion on a company Goldman was about to do investment-banking business with — in order to secure more fees from said business — is a very public hill to die on.The firm can't have some sort of compliance middleman stop the publishing of Archambault's note without the Chinese Wall effectively coming down.Here's the conversation you can't have:Patrick, you can't publish that note upgrading Tesla until after the market close on Wednesday.Why?You just can't.Obviously, at this point, Archambault would know something is up, and considering everyone knew Tesla was going to tap the capital markets to raise cash — Elon Musk said as much on the company's most recent earnings call — Archambault would know it was this thing.And since his note deals extensively with Tesla's likely capital needs going forward — Archambault estimated Tesla needed to raise $1 billion, about $400 million less than the company tapped the market for — the whole piece of work is compromised.But I guess to my mind this all just seems like something that ought to be avoided, right?We're about five years past Occupy Wall Street and almost eight years past the collapse of Lehman Brothers.NOW WATCH: THE STORY OF GOLDMAN SACHS: From foot peddlers to a powerhouseLoading video...
New software connects the Pavlok wearable to a user's bank account to shock them if they spend too muchIf overspending is one of your greatest vices, this wristband that helps break bad habits could be your saviour.A British company has teamed up with Pavlok, which gives users electric shocks to help them break bad habits, to trigger the device when users are spending too much money."This is all about giving customers the choice to control how they spend money," said David Webber, the chief executive of Intelligent Environments.If a user exceeds their self-imposed spending limit and their bank balance drops below a pre-determined threshold, Interact IoT will drop the heating down to a temperature also pre-determined by the user.Intelligent Environments provides software to banks and financial services companies that underpins their mobile apps.The company's clients include the Bank of Ireland, Sainsbury's Bank, Lloyd's Bank and Toyota's financial services business.
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