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Category Archives: Security

Financial Technology Trends Of 2018

Security is one of the leading issues in various industries nowadays. Even in the homes of the consumers, security is a top priority. There are measures taken by homeowners such as installing security window screens and door or installing state-of-the –art technology. It is not surprising therefore that many of the latest innovations in financial technology are geared towards online security.

In mobile technology, financial services are starting to shift to mobile compatible features. Based on this year’s digital banking consumer survey conducted by PwC, there is an increase in demand for banking services using smartphones. Mobile banking makes it possible for customers to make financial transactions without having to visit a physical branch.

As a result of the increasing demand for mobile banking, there is now what they call digital-only banks which mean they do not have any physical branches customers can visit. These services are quite popular with millennials customers because they are more used to conducting financial transactions online. Digital-only banks have mobile apps which is used by customers to manage their finances wherever they are. In the future, it is predicted that branch visits will decline considerably.

In terms of security in financial technology, the latest innovation is biometric technologies. It can detect fraud in the system and also easy for customers to login through their secure app. Cyberattacks can be prevented with the help of fintech technologies such as biometric systems.

If there are major changes in the financial services industry, one of them is the adoption of blockchain technology. It is a transparent system that can help automate different financial operations which is why it is one of the latest trends from fintech startups.

Lastly, the technology with the biggest impact in financial industry is artificial intelligence also known as AI. There are many reasons why it is adapted into the industry and one of them is automation of various tasks such as data analysis. Automation helps save time as well as resources. It also has a hand in security of financial industry. Just like regular homes where security window screens are installed, the industry also makes sure that the finances of their customers is safe and secure in their system.

Growing Demand In Phuket Airport

It was the beginning of this year when Thai Air Asia introduced direct flights to and fro Kunming, China and Phuket, Thailand. It was a happy news for business in Phuket including restaurants in Kata because higher arrivals means more business revenue for them from tourists spending on the island. During the said launch, the president of Air Asia in China, Kathleen Tan, was present together with the CEO of Air Asia in Thailand, Santisuk Klongchaiya. According to data, Phuket arrivals and departures reached almost 16.85 million in2017 while 44 per cent of them travelled to and fro the country onboard low-coast airlines.

Phuket Airport is located in Phuket, an island located in the southern part of Thailand. In 2017, it welcomed a total of 8.4 million arrivals which is 11.3 per cent higher compared to the previous year. The increasing number of tourists can be attributed to the 20 per cent increase in visitors coming from Mainland China. C9 Hotelworks, a consulting firm in the country, revealed that many of the visitors are now visiting the island even during the off-peak season. Majority of those coming to Thailand are looking for adventure while others are mainly young travellers that wanted to see more of the world.

Travelling is now a trend among the younger generation and the proof is evident in the increasing number of passengers being handled by Phuket Airport. In 2016, Phuket airport accommodated 15.11 million travellers and the number rose by 11 per cent to 16.85 million in 2017. The percentage of passengers who used low-cost carriers reached 44 per cent last year which is higher by 16 per cent than the previous year.

Looking at the figures in 2008, there has been an increase of 195 per cent in the number of passengers that the airport is handling in a single calendar year. Up until August of this year, Phuket Airport has already managed to accommodate 12.79 million passengers which is 13 per cent higher compared to the same period of last year. This is not surprising that restaurants in Kata also felt the boom in their business because of the increasing number of tourist arrivals.

The Economic And Emotional Impact Of Burglaries

Many small businesses have been the target of burglars and criminals because of the lack of effective security systems. Aside from the economic loss, entrepreneurs suffer from emotional distress because of the amount of money needed to put everything back to proper order. The solution for small businesses is commercial security in Perth as the best crime prevention measure.

A spate of break-ins across Walsall has targeted Cream Gelato, a dessert store, Tea Pot Café, J&S General Stores and Greedy Pig Café. The Tea Pot Café experienced three break-ins for the last 4 months. The most recent attack happened in February 9. The burglars entered through the back door by using a crowbar which was left at the scene. The owners, Jenny Carver and Paula Shaw became concerned of their safety after seeing a meat cleaver at their backdoor.

The owners work hard six days a week to make the business successful. After the burglary, nothing was left on the premises and they do not have enough money to replenish the stocks. They had to invest thousands of pounds for the repair of the shutters and the front and back door. The burglary had a massive effect on the business and the owners feel that they want to give up.

At the Greedy Pig Café, a car jack was used to break the shutters at the back of the building before smashing a way to a window in the function room. The place was ransacked of £300 worth of spirits; however, the damage done to the store costs about £900.

At the Creams Gelato, thieves broke through a window and stole the safe and money at the tills. It looked like an organized job because the burglars knew the way to the office where the safe was located. The CCTV system was quite good but it was well covered.

Crimes have a big impact on the livelihood of business owners who have invested hard work and time to keep their business running. The best solution is commercial security in Perth that includes motion sensor and siren security system, perimeter alarm system, wireless security system, CCTV and Video IP Camera Surveillance System and Access Control and Partitioning Systems.