71 Results from 2022, /security
Retired Member
Open Banking's global promise of data democratisation is in danger of faltering in Australia if policy-makers fail to address the needs of businesses. However if Open Banking bombs, the implications will be a lot further stretching. The rise of Open Banking has opened up new opportunities for consumers and businesses alike. In the UK, it has spaw...
18 November 2022 /security /regulation Open Banking
Fraudsters have become adept at using deepfakes and have the potential to cause significant fraud losses with this terrifying technology. Learn how deepfakes are being used to defraud customers with effective impersonations of real people and what banks can do to keep their customers safe. How Deepfake Tech Enables Fraud Losses Deepfake technology ...
14 November 2022 /security /crime
Luke Watts Managing Director at RoundWorks IT
Make cybersecurity (part of) someone’s job Cybersecurity is far too important to be fitted in as, when and if somebody has the time. Ensure that cybersecurity is properly managed by making it (part of) somebody’s job. This doesn’t necessarily mean that you need to hire in-house IT staff. In fact, there is often a lot to be said for using a manage...
27 October 2022 /security /startups Business
The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is predicted by Juniper Research to handle more than $116 billion in global payment transactions by 2026. Innovations such as Open Banking often have a domino e...
25 October 2022 /security /payments
We live the time when garage inventions are not really possible anymore – everything truly great should be created by at least medium-size teams of top-professionals. Nowadays banks and fintechs have become real centers of technology and innovations, having very strong tech teams onboard. Obviously, they want to do everything on their own. But wh
25 October 2022 /security /retail Banking Strategy, Digital and Transformation
Those working in the financial services are constantly facing a fraud dilemma that is unlikely to end, seeing fraud surge 24% during the COVID-19 pandemic alone. Financial institutions (FIs) are still struggling to find the right solution that can balance making real use of their data via analytics and collaboration, whilst remaining completely co...
24 October 2022 /security /crime Transaction Fraud Systems and Analysis
Daniel Cohen Chief Product Officer at PayU GPO
With increased digitalisation in emerging markets around the world, merchants have started to offer alternative payment methods in the hope that they will grow their market share and appeal to the changing preferences of their customers. This includes delayed payments such as Buy Now, Pay Later (BNPL) and account-to-account payments. However, with...
20 October 2022 /security /payments Financial Risk Management
Donnie MacColl Director of EMEA Technical Services at HelpSystems
As COVID hit businesses around the world, and shops were either closed or no longer accepting cash as the preferred method of payment, we saw a dramatic increase in payment card data volume. Fast-forward to today, and the volume of online transactions and use of point-of-sale machines continue to soar. As most of the data is held in the cloud, the...
13 October 2022 /security /payments Financial Services Regulation
Simon Luke UK Country Manager at First AML
Following the events of the last year, there has been a significant focus on the dirty money that is circulating in the UK. Institutions of all kinds – including prestigious law firms and high profile banks – have all been issued warnings, if not penalties, for not being vigilant about the risk of money laundering. The attention doesn’t stop there...
11 October 2022 /security /crime Exposing Financial Crime
Stan Cowan
While identity theft has been in the modern lexicon for decades, a newer, more insidious and faster-growing variant of identity fraud is taking hold in the U.S.—and it’s costing U.S. financial institutions billions of dollars and keeping fraud executives awake at night. Unlike traditional identity theft where an unwitting victim’s financial identi...
05 October 2022 /security /crime Financial Risk Management
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