Anuj Goel CEO at Cyware
Financial institutions face an evolving threat landscape that requires enhanced visibility across all assets, regardless of location or infrastructure. This presents a range of considerable and rapidly evolving challenges, and, as a result, organisations need to continuously assess how all the moving parts in their security operations are organise...
13 February 2024 /security Banking Strategy, Digital and Transformation
Traci Krepper Head of Propositions, Identity and Fraud at Experian UK&I
The evolving landscape of fraud in the financial sector demands a proactive approach to security. As criminals constantly refine their tactics to exploit vulnerabilities, the importance of predicting the trajectory of fraud and understanding the dynamics of KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations becomes critical for b...
01 February 2024 /security /crime Trends in Financial Services
Luigi Wewege President at Caye International Bank
Whistleblowing has emerged as a pivotal force in unveiling unethical practices and fostering corporate integrity in finance. The concept of whistleblowing in this sector is not new, but its dynamics are continually reshaped by evolving societal norms and technological advancements. At the heart of this evolution lies the crucial role of anonymity....
31 January 2024 /security /predictions Regulatory Reporting
Raktim Singh Senior Industry Principal at Infosys
In his renowned book "The SPEED of Trust: The One Thing That Changes Everything," Stephen Covey emphasizes that the outcomes of one's efforts are determined by trust. To illustrate this concept, Covey alters the traditional business equation Results = Strategy x Execution to read Results = Trust (Strategy x Execution). Stephen Covey's tr...
31 January 2024 /security /retail Technology for Social Good
The surge in cybersecurity breaches and financial scams presents a significant challenge and it is an ever-present danger in a sector that is increasingly digitalized. The core issue lies in the anonymity that the digital platforms afford bad actors, creating a complex environment for businesses and individuals alike. This article delves into the ...
30 January 2024 /security /crime Artificial Intelligence and Financial Services
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Every organisation (enterprises, states, municipalities, 3rd sector) should asap deploy the now available simple EUDI-compatible applications for sending and receiving verified data (credentials) between each others, employees, citizens at large and many things. Why? Productivity leap (McKinsey: 3-6% GDPgrowth - EU commission slightly less), servi...
22 January 2024 /security /predictions Innovation in Financial Services
Recent years have witnessed a significant increase in the level of banking inclusion. In 2022, around 70% of the population had access to a bank account, up from ~40% a decade earlier, according to the World Bank. This expansion is primarily attributable to the digital revolution. As of 2014, only 35% of the adult population worldwide could send or...
19 January 2024 /security /retail Biometrics
Retired Member
It’s one year down and one to go for European financial organisations to get their houses in order. These institutions will have until January 2025 to ensure their compliance with the Digital Operational Resilience Act (DORA), demonstrating full visibility into their operations and how they ensure resiliency. DORA will be the latest addition to nu...
17 January 2024 /security /regulation Banking Strategy, Digital and Transformation
Resilience is a process and an outcome of effectively adjusting to life's challenges and adversities, specifically through the exhibition of mental, emotional, and behavioral flexibility, as well as the ability to endure internal and external pressures. Organizational resilience pertains to the capacity of a business to proactively foresee, prepa...
02 January 2024 /security /regulation Financial Risk Management
Robert Siciliano Security Analyst at Safr.me
Zelle is one of the most famous platforms to quickly send money to loved ones, friends, and family. However, now cybercriminals are taking advantage of it to get people’s account information. Using clever tactics to fool clients, fraudsters are now taking advantage of the existence of Zelle to get customers to give them their account information. O...
23 December 2023 /security
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.