Erica Andersen Marketing at smartR AI
Software ownership has undergone an interesting evolution. Traditionally, software producers retained ownership, through licensing or the use of Software as a Service (SaaS). However, the AI era provides an opportunity to bring about a significant shift. A key difference in the AI era is the increasing customization of software for individ
12 August 2024 /ai /security Artificial Intelligence and Financial Services
Andrew Kays CEO at Socura
From January 2025, all UK financial organisations that do business in the EU must comply with the new Digital Operational Resilience Act (DORA). In all honesty, it’s a new regulation that forces organisations to do many things that they should have been doing for years. Most financial organisations will breeze through requirements such as red team...
01 August 2024 /security /regulation Information Security
Will Glazier Director - Threat Detection & ML at Cequence Security
In the world of financial services that encompasses banks, credit unions, payment card issuers, and insurance companies, safeguarding API security stands is a paramount concern. A single instance of a data breach or ongoing fraudulent activities resulting from API exploitation or misuse can significantly tarnish an organization's standing and draw...
30 July 2024 /security API
Mark Nutt Senior Vice President, International Sales at Veritas
For businesses operating in the financial services (FS) arena, data has never been more important than it is today. When leveraged effectively, data holds the key to increased profit, boosted productivity, and improved customer service. Conversely – as we have seen with recent global disruption to the financial sector and may other verticals relia...
23 July 2024 /security /regulation Financial Services Regulation
In a recent talk I attended, a legal expert advised against inputting personal data into AI models. But is this blanket statement truly accurate? The reality is far more nuanced, especially when we consider GDPR, the gold standard for personal data protection. This article explores how GDPR intersects with the use of personal information in AI mod...
16 July 2024 /ai /security Artificial Intelligence
Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.
Introduction This blog is based on an article co-authored along with Matthew Lamons, CEO of The Intelligence Factory and is an edited version of the same article. As a matter of introduction and context, we work closely together to enable strategic decisioning and risk mitigation through AI. We felt that the current global risk situation requ
16 July 2024 /ai /security Artificial Intelligence and Financial Services
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Preventing fraud is a major concern for every financial institution. Banks, in particular, must ensure that only the rightful account owner accesses their account and that no incorrect payments are made. This involves tackling issues such as identity theft, accidentally misdirected payments, and Authorised Push Payment (APP) fraud. While a few yea...
15 July 2024 /security /crime Exposing Financial Crime
Veronika Tibilashvili Senior Consulting Department Manager at Lextensio
KYC (Know Your Customer) and Due Diligence are key elements for the successful operation of any business, especially in today's globalized world, where the risks of fraud and financial crimes are increasing. These procedures help companies avoid legal problems, preserve their reputation and protect their financial interests. What is KUS and Due ...
15 July 2024 /security /regulation Information Security
Steven Rackham CTO for Financial Services at NetApp
The deadline for organisational compliance with DORA is at our doorstep. With the 17th of January 2025 just under 6 months away, it’s safe to say that the clock is ticking for financial services to be ready for the regulation. Preparing for such a significant piece of regulation can be difficult for financial organisations of all sizes, but it is ...
04 July 2024 /security /regulation Financial Services Regulation
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
A more common question today is "whether privacy enhancing technologies should be used in conjunction with privacy management tools?". Privacy enhancing technologies are tools that can be used to protect data, such as encryption or masking. Privacy management tools are tools that can be used to manage who has access to data, such as acce...
27 June 2024 /security /people Bigger than Technology
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