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Top 10 Fintech Startups to observe in October

Unless you’ve been living within the wilderness with no internet access for the past few years, you'll remember that the Financial Technology market or ‘fintech’ is booming. With all different areas to focus on from security to bitcoin, to mobile money wallets and lots of, more, fintech startups are shooting up everywhere, and that they are rapidly bringing exciting innovations to a multi-faceted market. Brisk Invoicing provides a user-friendly online invoicing platform. it's ideal for little companies and begin-ups who don't have an accounting department and wish an easy low-cost thanks to managing their finances.

The platform is straightforward to navigate around and is focused on ensuring that no payment goes overlooked. Brisk Invoicing automatically saves payees, schedules regular invoices, and sends the invoice with a knowledgeable tailored design to reflect your company’s image. And that’s not even the simplest part – you'll use the service for FREE! Follow the link above to offer it a go. When I was young, I had to find out the worth of a pound with £5/week in pin money, take advantage of hand, and a touch notebook where my mum kept track of what I’d spent. Oh, how times have changed! Now children can learn to manage their finances with the likes of an Osper credit card and app designed for those aged 8-18 years to show them financial responsibility.

The card works anywhere that accepts MasterCard payments and therefore the youth can keep track of their spending and balance via the Osper app on their smartphone. Parents/guardians can load money directly onto the cardboard, via the app, and may found out regular payments e.g. pin money. they're going to also get a notification if a payment is declined thanks to insufficient funds. All of this comes at an extremely reasonable price of £10 per card per annum – you'll even have a 3-month free trial if you’re still not sold.

Tink is just like the adult version of Osper because, although we may have decades more experience keep on top of cash, it doesn’t mean that we’re any good at it! Developed in Sweden, and searching to expand across Europe, the app helps you to know how you spend your money, by integrating your expenditure into categories.

You can tailor the app to fit your financial goals, whether this is sticking to a budget or saving for something especially. The platform is extremely user friendly, to form budgeting a touch more fun (ok maybe “fun” isn’t the proper word…but you get what I mean!) a minimum of now you recognize when you’re spending more on coffee and wine, rather than…y’know….rent. Thanks, Tink!

Despite the extremely exciting innovations delivered to us by the fintech boom, there's a dark side to a number of these services. Security breaches became a rapidly growing concern – I’m sure you all can tell a tale of somebody you recognize who has been the topic of hacking or fraudulent activity.

The problem is that everybody is keen to seek out quick, cost-effective, and more manageable ways to manage finance, but at what cost? If you don’t search for the foremost secure solution you'll put yourself and your organization at huge risk.

With that in mind, Digital Shadows is meant to place your security fears to bed. It analyses your digital footprint and highlights potential threats, whether this is the loss of sensitive data, compromises to your brand’s integrity, or hackers. they're based globally, and ready to support quite 27 languages with their software – now's definitely the time to take a position in safeguarding your business.

Continuing within the theme of security, Jumio specializes in identity management and credentials verification to scale back fraudulent activity. Bringing on new clients is all well and good, but companies got to make sure that they know their clients are legitimate. Jumio is PCI Level 1 compliant and consistently carries out security audits to make sure they're always at the highest of their security game. With a portfolio of clients including AirBnB, Easyjet, and United Airlines, Jumio is set to form an enormous impact within the online security market.

Technological advances over the past 20 years have simplified international business – now anyone can found out a worldwide business and operate across borders. However, there are still complications, one among which is the transfer of cash across international borders. Different currencies, exchange rates, international fees, and payment delays can create unnecessary hurdles in operating business.

Adyen aims to supply a streamline solution to manage global payments, whether this is online, mobile, or future transactions. Adyen can accept almost any sort of payment across the planet and it does with risk management at the forefront, so you'll rest easy that transactions are secure.As we move more and more online, the planet is gradually going paperless. Transaction Tree champion this with their digital receipt service for the retail industry. Although receipts serve their purpose, we all hate that monthly filter out of our wallets/purses/handbags/pockets where we appeared to have accumulated many pointless receipts – so why not go digital?

Not only are e-receipts cost-effective and environmentally friendly, but they need another purpose for companies to capture customer information for analysis. With their email address, organizations can communicate with their customer base through digital marketing. If used effectively, Transaction Tree offers an excellent opportunity to its clients.AtomBank might be the highest one to observe over the subsequent 2-3 years. they're not open for business yet but have only recently received their full banking licence. 

The concept of AtomBank may be a banking industry that operates completely online. There are not any branches, just an app on your phone. The Guardian has already coined them the “Uber of banking”. With all their energy focusing on the digital experience and using business analytics, AtomBank can adapt their banking per user to personalize your banking experience. 

The team was assembled by Anthony Thomson, the guy who got Metro to bank off the bottom. If AtomBank can live up to all or any of its hype once it opens for business, then it might be a very game changer within the banking market. Watch this space…iZettle has developed card readers targeted at small businesses. Their card readers are secure, small (pocket friendly!), and straightforward to line up. the cardboard readers can work with any smartphone device otherwise you can get ones to attach to a register. they're particularly beneficial for those that have non-static businesses e.g. driving instructors, food vans, and market sellers. Finally, those on the road can enter the 21st century without the danger of losing business to customers who aren’t carrying cash.

You can even get their Card Reader Lite for free! they're based in Stockholm but trade internationally across 11 countries including the united kingdom, Mexico, Scandinavia, and Spain. apply for a rental property or maybe get a phone contract without a robust credit history. Aire can support these people with building their ‘banking resume’.

You submit the info to create your case and Aire will compile your credit history. Aire believes that everybody should have fair access to finance and that they have already built a robust following with their software being discussed by the likes of TechCrunch, The Guardian, FinExtra and TechCity News.

So, whether you're an investor trying to find a replacement opportunity, a consumer looking to profit from a replacement financial service, or a startup trying to find inspiration, it's clear that the FinTech market is on the increase, and now's the time to be engaging.

If you're curious about learning more about FinTech then inspect a number of our latest articles below: Can Your Business’s Cloud Storage Cross Borders?

In the news recently, we've witnessed numerous data breaches that have left many customers’ private information exposed to hackers. quite 300,000 US taxpayers recently saw their personal tax details accessed by organized crime fraudsters, whose attempts to hack the IRS were shockingly successful.

Not all incidents are right down to organized hacker groups though, and a few businesses ’ lacks of data about different countries’ laws and regulations can cause this sort of risk.

Information that crosses country borders creates problems, and because the company is that the ‘data controller’ they're liable for ensuring that the right security measures are in situ. If not, then this will have an enormous long-term impact on a business.

Now, quite ever before, it's important to guard your business’s private and customer data from security threats. because the digital world continues to grow every day, there becomes more information exposed online and this raises many concerns.

Many factors got to be considered to guard confidential data stored by your business, and one among them is how a business manages its cross-border cloud hosting.

Cloud Storage Security

A lot of companies use cloud service providers to manage their data storage, and for several, it's useful thanks to host applications on one platform. the difficulty is that there are regional differences in data protection laws, and this will impact cross-border cloud storage requirements.

The issue is that there are regional differences in data protection laws

It is important to be conversant in other international laws and regulations surrounding data protection. this is often especially important when considering employing a cloud service provider who hosts storage in different areas of the planet.

There are companies who have made innovations within the marketplace to make sure that their services offer flexibility when choosing cloud technology. for instance, SixSq, who are a part of the Rhea group and describe themselves as ‘software artisans’, partner with multiple cloud service providers to supply a various range of options to their customers.

Below are a few recommendations on how best to approach this dilemma for your own business needs.

If the info you're storing is hosted by a cloud service provider during a different sovereign state, how does this impact the privacy regulations of your owned data?

Access to the info and its protection are going to be under the laws and regulations of the state it's stored in. But this is often not the complete story. Countries with the USA’s Patriot Act like laws can jump borders if the corporate is owned by a corporation or owner registered in such a rustic. it's therefore paramount to know the ownership of the cloud companies used.

Should this be a priority for any business using cloud storage in a different country?

Sure, as long as data privacy is a problem. supported data categorization, some data won't be sensitive or might only be valuable for a limited time. except for sensitive data (e.g. customers, employees, corporate, medical, sensor), this is often critical and thus understanding geolocation of the info stores may be a must. But further, while where the info is stored is clearly important, where it's processed should even be controlled with care.

Is it recommended to use a provider who is predicated within the country you reside in?

Not necessarily. But since we normally understand better our own county’s laws and regulations, it's often an inexpensive choice. Having said that, other countries may need either more interesting laws and regulations or cheaper prices or higher quality. doing all of your homework is vital and getting assistance is probably an honest idea to help within the choice.

What advice would SixSq offer to businesses who are worried about their data storage?

ensure you aren't cursed with any given provider

My advice is to first make sure you aren't cursed with any given provider. this suggests not only from a contractual point of view, but also regarding technology, architecture, and process. SixSq is predicated on the principle of neutrality within the cloud space. during an ll|one amongst|one in every of"> one among our customers recently shifted from one cloud to a different in a matter of hours. Their architecture allows it, and using our technology (i.e. SlipStream to manage application deployment) ensured that they might simply re-deploy their applications stacks and watch the terabytes of knowledge being moved from one no-SQL backend to a different. this is often an excellent success where the customer was worried about lock-in and was ready to shift its production system, with no downtime, from one cloud provider to a different. this suggests that with careful planning, the proper help, and support, cloud independence is often achieved. information technology degree

Therefore, for data storage, sensitive customers, this sort of defensive approach to cloud storage location often becomes a significant advantage and also eliminates a crucial risk from its business.

To find out more about international data protection laws and regulations visit the DLA Piper website for an in-depth list. 

How to Prepare Your IT Department for a Disaster

This year, disaster recovery (DR) has been a top priority for 45 percent of UK IT departments. With the rise in legal and regulatory compliance including virtualization and cloud-based strategies for disaster recovery, more IT departments (5 percent quite 2014, to be exact) are recognizing the importance of DR.

But knowing DR is important and implementing it effectively are two separate things. during a separate study by Timico, only 5 percent of respondents said they were totally confident that their DR plan was adequate.

UK businesses face both man-made and natural disasters like software and power failures, electrical fires, and flash flooding or high winds. Today, customers expect always-on service, so how can an IT department do its part to avoid downtime when disaster strikes?

Each business has different requirements counting on the company’s industry and size, but following these guidelines can help the business prepare its IT infrastructure for a disaster.

Prioritize critical systems

One of the foremost important components of being ready for a disaster is classifying important systems and processes and mapping out any interdependencies. A financial institution, for instance, probably must restore customers’ online access to their accounts before it restores access to internal files. If the servers powering the customer portal is hooked into other systems or a selected power supply, the business must take measures to make sure redundancy of the core servers and power supplies.

A financial institution probably must restore customers’ online access to their accounts before it restores access to internal files

Of course, prioritizing systems and processes shouldn't be conducted by IT alone. Input from other departments is critical to successfully recovering from downtime because what it's going to consider critical isn't a top priority for other key departments. this is often why the DR plan should be created in conjunction with a business continuity plan. Typically the business continuity plan is driven by the results of business impact and risk analyses, which have identified the business’s core objectives and departmental priorities.

Identify an answer for backing up and recovering an IT environment

Whether it’s legacy systems that can’t continue with growing volumes of knowledge, a scarcity of redundancy, or storage media corruption, too many businesses realize during a disaster that they aren’t ready to recover their data, or worse, their IT environment. In fact, data loss is up by quite 400 percent since 2012, consistent with the EMC Global Data Protection Index. It’s important that a business’s current backup and recovery solution make sure the strategy is adequate for the business’s needs and may protect critical data and systems.

For example, Lyco, a specialist lighting e-commerce company based in Milton Keynes, had protected to disk on-site. technology credit union

 But because the organization’s business grew, management realized the danger of housing backups on-site was too great. They wanted to maneuver backups off-site while reducing recovery time objectives (RTOs). The backup software they were using, however, wasn't designed to write down to a disk at a third-party site, in order that they switched to the disaster recovery as a service (DRaaS) solution BlackVault Managed Recovery Platform, which uses an on-site appliance in conjunction with a personal cloud, black cloud.

The advantage of this approach is that the organization was ready to manage backups on-site while efficiently sending them off-site to make sure data redundancy. During a disaster, employees are ready to access the environment over the web or another connectivity option.

The appeal of DRaaS solutions is that they supply the power to recover key IT systems and data quickly (within a 2-4 hour recovery time objective in some cases), which is crucial to meeting customers’ expectations for top availability.

Decide how and where employees will resume operations

Companies got to have an alternate work environment available at the time of an emergency, whether it’s employees’ homes or rented office space. If renting office space, the power should be pre-contracted to assist ensure it'll be available during a disaster.

Simply having an area isn't adequate, however. Staff members need how to access their work environment, including documents, business applications, and communications platforms like email and instant messaging. As a managed service provider, we've found that companies are increasingly using DRaaS solutions, which permit employees to access the environment through a VPN or online. Having a backup Internet provider can help ensure a reliable connection is going to be available. 

Have an idea for receiving business phone calls

Communication is vital in any disaster recovery scenario, so businesses got to consider how they're going to still receive calls. If using landlines, the business should consult its telecom carrier or managed service provider to review options for rerouting numbers within the event of a disaster. These offerings will expedite the reroute of telephone numbers, instead of calling at times of disaster to possess the calls rerouted, which could take hours, if not each day or two.

If a business features a cloud-based or voice IP (VoIP) telephony solution in situ, communication options are often remotely managed. Businesses are ready to deploy pre-recorded greetings and redirect phones to staff cell phones or an alternate office location. This solution ensures employees can take inbound calls also as make outbound calls within the event of a disaster.

When redirecting calls to cell phones during a disaster, businesses should bear in mind that in a large-scale crisis, overloaded circuits can make it difficult to get a sign for putting calls, and emergency services might invoke the government’s Mobile Telecommunication Privileged Access Scheme (MTPAS) procedure. The London bombings of 7/7 may be a prime example: for four hours, the network within a mile of Aldgate Tube station was disabled. In these situations, redirecting calls to a landline can provide a more reliable connection.

Documenting the disaster recovery plan is a crucial step because during a high-pressure situation it’s only too easy to neglect key parts of the plan. additionally, if any critical personnel who were involved within the planning process leave the business, subsequent employees can properly implement the plan. information technology degrees The documentation also can be useful if a managed service provider plays a task in implementing any part of the plan.