cybersecurity
TechnologyFortifying the Future: Advanced Security Strategies for LLM-Driven Backend Services
TechnologyRevolutionizing Banking It: The Power of Generative AI in Compliance and Operations
Technology4 Dynamic Trends Shaping FinTech (and How to Navigate Them)
BusinessWith Deals Set to Surge in 2024, Don’t Forget to Manage M&A Cyber Risk
How Will PSD3 & PSR1 Change Open Banking?
Date: November 30, 2023
How will PSD3 & PSR1 change open banking? Open banking, an innovative framework that requires banks to share data with licensed fintechs, has revolutionized the financial space. Previously, traditional banks held a monopoly over customer data. With open banking, fintech companies can innovate and create better, more personalized products for end users. PSD3 arrives to...
Factbox-Governments Race to Regulate AI Tools
Date: November 28, 2023
Factbox-Governments race to regulate AI tools (Reuters) -Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Planning regulations Australia will make search...
Beyond Cloud and Edge Computing: What’s Next?
Date: November 22, 2023
Beyond cloud and edge computing: What’s Next? By Sushil Kumar Cloud computing has transformed the banking and financial industries by offering cost savings and convenient scaling. Despite its numerous benefits, there are some limitations to performance and use cases. Edge computing can address some of these limitations while meeting the need for increased processing speed...
2024 Fraud Trends
Date: November 20, 2023
2024 fraud trends By Andrew Doyle, CEO, AML compliance software, NorthRow There’s no escaping the fact that incidents of fraud are growing, and at an alarming rate. In fact some of the statistics make for pretty grim reading. According to a report from the Association of Certified Fraud Examiners, up to five percent of corporate...
How to Keep Financial Data Secure From Cyber Attacks
Date: November 14, 2023
How to keep financial data secure from cyber attacks By Faisal Bhutto, SVP of Cloud and Cybersecurity, Calian IT & Cyber Solutions Speed and security are everything, especially in finance. Organizations in the finance industry or those dealing with financial information know they need to protect themselves against cyber attacks, but are they doing enough...
Are Firms Prepared for Wave of Messaging Fines Headed for Britain?
Date: November 10, 2023
Are firms prepared for wave of messaging fines headed for Britain? By Oliver Blower, CEO of VoxSmart The last few years have seen market regulators dole out record numbers of fines to financial institutions over their failure to adequately monitor employee communications on instant messaging applications like WhatsApp. According to Securities and Exchange Commission (SEC)...