WTW hires Jennifer Tiang to lead Asia cyber practice

spike

Willis Towers Watson has appointed Jennifer Tiang (pictured) as regional cyber leader in Asia, based in Singapore.

In the newly-created role, Tiang will lead the company’s cyber insurance business in Asia and head a 10-person team that will implement ideas and solutions that will help organisations mitigate rapidly evolving cyber risks, according to a statement from Willis Towers Watson.

Tiang will be part of the company’s financial & executive risks (FINEX) business, which focuses on financial, executive and professional risks within Willis Towers Watson’s corporate risk and broking business. She reports to Namit Mahajan, head of FINEX Asia, and Peter

Read More

Research finds 83% of respondents used a QR code to process a payment

spike

Ivanti has announced the results of a consumer sentiment study, which revealed that QR code usage continues to rise in popularity, with 57% of respondents claiming to have noticed an increase in QR code usage since mid-March 2020.

As the need for touchless transactions increased due to COVID-19, 83% of respondents stated that they used a QR code to make a payment (or complete a financial transaction) for the first time ever.

Of those respondents, over half (54%) used a QR code for a financial reason for the first time in the past three months alone.

The study is

Read More

Plans for digital euro start to take shape post ECB public consultation

spike

Plans for the much vaunted digital euro have started to take shape this week after the findings from the ECB’s public consultation and signals from Frankfurt that offer some relief to paranoid commercial banks worried about being sidelined by the latest disruptive technology.

Plans for digital euro start to take shape post ECB public consultation

With the pandemic accelerating the demise of physical cash, and private-sector crypto and stablecoins invading the space, the pledge last year of a digital euro within five years came before the European Central Bank knew exactly how it would function.

As nearly every central bank

Read More

European Central Bank reports weak lending in Eurozone

spike

According to the European Central Bank, demand for business loans in the eurozone fell and banks tightened credit standards in Q1 of 2021, a toxic combination that challenges the bloc’s slow economic recovery from the pandemic.

European Central Bank reports weak lending in Eurozone dampening recovery

The Central Bank’s latest lending survey released Tuesday, demand from companies for loans and credit lines fell for the third quarter in a row. The ECB said businesses seem to be postponing investments, as the pandemic triggers fresh lockdowns and other restrictions in many parts of Europe.

European companies tend to rely more heavily

Read More