fintech

Executive interview: Richard Wazacz, CEO, Travelex

Richard Wazacz is a tech-savvy chief executive. With a strong background in digital businesses, he took up the challenge of leading foreign exchange specialist Travelex in June 2022 as the company looked to transform and grow in the post-Covid age. As CEO of a data-rich finance business, Wazacz is interested in how technology can help…

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Proposed AI Bill scuppered by general election – so what comes next?

The Artificial Intelligence (Regulation) Bill that I introduced was making pleasing progress. I had managed to get the Bill through all House of Lords stages and it was teed up for its passage through the Commons, when, somewhat unexpectedly, on a rainy, otherwise unremarkable Wednesday last month, a General Election was called. A quick refresh…

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Top 10 financial services and fintech stories of 2023

With spending on IT in the finance sector expected to emerge from the doldrums, we kick off our review of Computer Weekly articles with research from software giant Finastra and its prediction that investment in IT will begin to flow in the second half of next year. Furthermore, for the first time in a few…

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Chancellor offers spending boost for IT buyers alongside AI and quantum investments

Private sector IT buyers will see a long-term boost to their budgets after the Chancellor of the Exchequer, Jeremy Hunt, announced that a policy allowing the cost of IT equipment to be written off against tax will be made permanent. The so-called “full expensing” policy was first announced as a short-term incentive in the Budget…

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UK Finance paints mixed picture of fraud as losses top £500m

The rate of cyber fraud dropped slightly over the first six months of 2023, falling 2% compared to the same period in 2022, but even so criminals and fraudsters still managed to steal approximately £580m via both authorised and unauthorised fraud during the period, according to UK Finance’s latest half-yearly report. At the same time,…

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