Privacy

116 articles tagged with this keyword

/crime

Consumers increasingly concerned about AI scams

A vast majority of consumers are concerned that increasingly sophisticated AI will be used for financial scams and a similar number expect their banks to use the same technology to protect them, according to recently published research

/ai

Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.

/security

Cybersecurity concerns on the rise for consumers

A majority of consumers believe it is harder to secure their information on digital platforms than their physical homes, according to recently published research.

/crypto

ECB turns to AI startup for fraud detection for digital euro

The European Central Bank (ECB) has selected Portugal-based startup Feedzai to provide fraud detection and prevention for its digital euro.

/Sibos

EPAA calls for industry-wide preparation for quantum threats in new report

The Emerging Payments Association of Asia (EPAA) has released a report on how quantum computing will exacerbate the payments fraud landscape, and what financial institutions need to be doing to prepare before quantum slips into the mainstream.

/ai

87% encountered AI-driven cyberattacks in 2024 - SoSafe

SoSafe’s report explores the global tension between AI adoption and the associated security risks, highlighting the views of 500 global security professionals and 100 SoSafe customers across 10 countries.

/identity

Are passkeys the future of payment authentication?

As the internet has developed, many of us have become reliant on a varying amount of passwords but our dependence on passwords has given way to just as many security risks. As such, the industry is beginning to turn to passkeys as a new promise of security and ease.

/Sibos

Sibos: CBDC case studies in China, Kazakhstan, the Bahamas, and Europe

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

/crime

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

/regulation

ABC Projektai wins back banking licence

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

/devops

NextGen Nordics 2024: Where will AI lead us?

In the last panel of NextGen Nordics 2024 in Stockholm, ‘The future of AI - crystallising the potential of this technology’ speakers explored how AI and new trends in tech are impacting the payments industry.

/regulation

NextGen Nordics 2024: How will incoming regulation shape payments infrastructure?

At NextGen Nordics 2024 in Stockholm, moderator Debi Bell Hoskings hosted an interactive panel session on new regulation on data and privacy, asking for input from the audience.

/crime

Google sues crypto scammers using Play Store to lure victims

Google is suing two app developers who lured victims into downloading fraudulent investment apps on the Google Play Store.

/crypto

Worldcoin banned in Portugal over privacy concerns

Worldcoin, the crypto biometric project fronted by OpenAI boss Sam Altman, has been temporarily banned in Portugal over data privacy concerns.

/payments

MPE 2024: What does a smart city look like?

In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.

/payments

Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

/regulation

Bank of Ireland UK reprimanded by ICO for mistakes on over 3,000 accounts

Inaccurate data was shared from 3,284 customers’ profiles to credit reference agencies, which may have led to refusal for mortgages, credit cards or loans, or customers being granted too much credit, that they were unable to afford.

/regulation

NatWest admits to failings in Farage fiasco, FCA to review case

The UK’s Financial Conduct Authority (FCA) has found potential “regulatory breaches” in NatWest’s decision to close former Brexit party leader Nigel Farage’s accounts earlier this year.

/payments

EU data protection watchdog calls for more privacy for digital euro

The European data protection watchdog has recommended changes to EU draft legislation for a digital euro in order to boost privacy standards.

/regulation

CFPB proposes sweeping changes for the handling of consumer data

The CFPB announced plans to introduce considerable changes to the Fair Credit Reporting Act (FCRA) that would have far-reaching consequences for data brokers, furnishers and end users.