financial-institutions
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FinanceDurham University and AlBaraka Forum Champion the Growth of Islamic Finance in the UK
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BankingBasisbank Awarded Best Corporate Bank Georgia 2024 by Global Banking & Finance Review
Why Financial Institutions Should Invest in Payment Gateway Software Development
Date: September 18, 2024
As the world becomes increasingly digital, the rise of cashless transactions is reshaping the financial industry. With more consumers and businesses relying on digital payments, the need for secure and efficient payment gateways is at an all-time high. For financial institutions, the development of custom payment gateway software is not just a competitive advantage—it’s a...
How the Proposed U.S. “Protecting Consumers From Payment Scams Act” Could Impact Financial Institutions’ Fraud Prevention Efforts
Date: September 9, 2024
By Anurag Mohapatra, NICE Actimize, SME and Sr. Product Manager As digital payment platforms continue to evolve, so do the fraudsters. The traditional protections under the U.S. 1978 Electronic Fund Transfer Act (EFTA), designed primarily for unauthorized transfers, are proving insufficient in the face of deception and social engineering. Addressing this insufficiency, the proposed Protecting...
Interview: Wissam Khoury, Finastra – Embracing the Future of Open Treasury and Capital Markets Solutions
Date: September 9, 2024
Wissam Khoury, EVP, Treasury and Capital markets (TCM) at Finastra is responsible for leading and driving strategy, growth and sustainability. He has over 25 years of experience working with financial institutions, leading them through digital transformation and evolutions in the industry. He is particularly passionate about growing the TCM partner ecosystem at Finastra, as well...
Executive Strategies for Cyber-Resilient Banking
Date: September 9, 2024
Increase Resilience Against Third-Party Risk with These 5 Strategies Banks today are embracing Digital Transformation to expand capabilities, maximize profits, and increase customer offerings. In 2023, 74% of banks were accelerating their digital transformation. This expansion wouldn’t be possible without third-party platforms and providers, like cloud infrastructures. However, financial institutions may not be fully aware...
What Dora & NIS2 Means for Financial Institutions
Date: June 28, 2024
What DORA & NIS2 means for financial institutions By Ben Stickland, Hive Member at CovertSwarm The Digital Operations Resilience Act, or DORA for short, is a new EU regulation aimed at improving the cyber resiliency of EU-based financial institutions. The NIS2 directive is an EU-wide legislation which asserts that ‘essential’ and ‘important’ entities, including financial...
The Threat of Sanctions Evasion Creates Challenges Similar to Those in Aml. But AI Can Help.
Date: June 10, 2024
The threat of sanctions evasion creates challenges similar to those in AML. But AI can help. By Elizabeth Callan is the AML & Sanctions Compliance and Risk Management SME at SymphonyAI Financial Services The landscape of international sanctions is evolving. Lists are growing along with the introduction of unprecedented efforts, such as the oil price...