These apps have eyes on your work emails

At the height of the coronavirus lockdowns, several of the world's biggest banks turned to a relatively unknown app called Movius to ensure their traders stayed legally compliant while working from home. Bankers often find their clients prefer to communicate on apps on their personal mobile phones. Credit Suisse removed a prominent investment banker from his role this year after he was found to have used unapproved messaging apps with clients. Head in the clouds The Bank of International Settlements - the central banker's central bank - published a report last week highlighting the risks of the world's largest financial institutions increasing their reliance on cloud technology. Why have you focused on serving traditional banks? Our view is pretty simple: no one actually wants to change banks.

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