Allianz accelerates to new digital investments
Allianz with its in-house incubator, Allianz X, has switched gears and pivoted towards a new range of digital investments.
Cybersecurity
The AI arms race might be a bit more dangerous than you think
In the tech world, an arms race usually a metaphor for two companies battling for supremacy, but McAfee thinks it might be a bit more literal for artificial intelligence (AI) as hackers upskill to make use of the breakthrough, reports Telecoms.com (Banking Technology‘s sister publication). As one of its predictions for 2018, security software vendor […]
Blockchain and Bitcoin round-up: 10 November 2017
Three more stories from across the world of blockchain and Bitcoin. This latest round-up features Chia Network, Crypto20, and a lesson to learn from recent Bitcoin scams in Canada.
Bank of England launches youthful cybersecurity challenge
The Bank of England (BoE) has unleashed a cybersecurity challenge for the young at heart as it seeks to maintain monetary and financial stability. It cites recent cyberattacks on high-profile systems and organisations such as the Bank of Bangladesh as something to be wary of. To that end, it’s calling for people to: “Think big. […]
Biometrics: a question of standards and yet more questions
Watching the recent of smartphone launches, I am taken aback by just how much smartphone manufacturers have led to the normalisation and acceptance of biometrics by consumers.
Crime thriller: Trading Down, by Stephen Norman – part 3
Over the past few weeks, we’ve been sharing some extracts from a new crime thriller, Trading Down, by Stephen Norman, long serving CIO/CTO of RBS Global Markets. Here, in the third and final extract, we return to the action at the Hamilton Datacentre crisis.
Top trends in cybersecurity
Cyber risks have evolved significantly over the last couple of years across industry sectors. The financial services industry, in particular, has become the target of choice with malicious actors exploring every avenue they can in order to identify areas of vulnerability.
Three reasons Asia is the perfect incubator for fintech innovation
A report released last year by EY and major Singaporean bank DBS declared China the “undoubted centre of global fintech innovation and adoption”. And China isn’t the only Asian country making waves in the fintech sphere. Overall fintech investments in the Asia-Pacific region reached $10.5 billion in 2016 – the highest amount witnessed to date since 2010, according to CB Insights data.
Crime thriller: Trading Down, by Stephen Norman – part 2
Here’s a second extract from Trading Down, by Stephen Norman, which continues the drama in the Hamilton Datacentre.
BioCatch to power behavioural biometrics for Samsung SDS America
Behavioural biometrics and threat detection firm BioCatch is working with Samsung SDS America to combat fraud that occurs after a user has logged in.
Ledger partners with Intel to boost blockchain app security
Ledger, a France-based specialist in security solutions for cryptocurrency and blockchain applications, has partnered with Intel to bring greater protection for users of digital wallets.
Crime thriller: Trading Down, by Stephen Norman
A sneak preview of a debut novel by Stephen Norman, long serving CIO/CTO of RBS Global Markets and previously Merrill Lynch. A fast-paced crime thriller – published on 9 November 2017.
Daily News at Sibos 2017 – Day 4
Read our fourth and final Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
E-Book: In-Memory Computing for Financial Services – Part 1
Turbocharge high-frequency trading, fraud prevention and real-time regulatory compliance with in-memory computing.
Daily News at Sibos 2017 – Day 3
Read our third Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
Compliance: back to basics
Ensuring security on Swift’s network doesn’t have to be rocket science. Getting the basics right will help individual institutions and Swift’s community.
Securities markets: standing at the crossroads
Financial technology has the potential to radically transform the securities industry. The fast pace of change could lead to disintermediation, according to an Iosco study.
EastNets unveils real-time fraud detection solution
EastNets has launched its en.SafeWatch PaymentGuard (en.SWPG) at Sibos, a real-time fraud detection solution for Swift payments. The company says en.SWPG is a new artificial intelligence (AI)-powered solution, that can sort out “genuine transactions from suspicious ones and reduces the number of false positives”. Hazem Mulhim, CEO, EastNets, says it “recognises the mounting salience of […]
Daily News at Sibos 2017 – Day 1
Read our first Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
Cybersecurity: into the data breach
Cybersecurity has become a significant issue as attacks are increasing. In the new payments ecosystem, where third-party developers can directly interact with banks’ customers, data privacy and security become paramount, according to the World Payments Report 2017.
Innovate Finance contest calls for fintech start-ups
Innovate Finance, a UK-based fintech membership association, is seeking start-ups for its latest Pitch360 competition.
Cloud security start-up ShiftLeft de-stealths
Eyes right. US start-up ShiftLeft has emerged from stealth and wants to shift enterprise cloud security strategy from reactive to preventative. Enterprise Cloud News (Banking Technology‘s sister publication) reports that ShiftLeft is an alternative to finding vulnerabilities and attacks as they crop up and defending against them. Instead, ShiftLeft’s service scans application and microservices source […]
Around Fintech in 8 Hours – new online course launched by CFTE
Centre for Finance, Technology and Entrepreneurship (CFTE) has launched a fintech foundation course – Around Fintech in 8 Hours – “designed to give professionals working in the finance industry a solid understanding of how technology is redefining the provision of financial services”.
India’s fintech valley gets pally with Mastercard for smart city plan
Mastercard has partnered with the Andhra Pradesh government in India to bring its digital payments into the Fintech Valley Vizag’s smart city plan. Under the agreement, Mastercard will help Andhra Pradesh in its ambitions to be a cashless society and develop the city concept. Mastercard president and CEO Ajay Banga says it can do this […]
Tascet teams with Secured2 to launch Algo5 data security offering
Identification technology company Tascet is partnering with Secured2 to launch a new data security offering. The product, Algo5, aims to protect data against both internal and external breaches, hacks, and disasters, reports Julie Muhn at Finovate (Banking Technology‘s sister company). The new data storage solution combines Tascet’s SuperToken, which verifies a user’s identity, with Secured2’s Beyond Encryption, […]
Bank of England fintech accelerator feels the fourth for innovation
The Bank of England’s (BoE) fintech accelerator has unleashed four new initiatives in the fields of distributed ledger technology (DLT), data storage and analysis, machine learning and cybersecurity. As reported in July, BoE revealed the third stage – such as its work with machine learning Mindbridge AI, DLT darling Ripple, and regtech bouncer Enforcd. Now […]
UK government continues quest to ruin reputation of encryption
The UK’s Home Secretary, Amber Rudd, is a woman on a mission, and that mission is to mutilate the reputation of platforms like WhatsApp in the pursuit of the destruction of end-to-end encryption, reports Telecoms.com (Banking Technology’s sister publication). It isn’t new. Rudd must have been wronged by an online troll at some point and […]
Combat insider data breaches with privileged access management
The high risk of cybercrime for financial institutions means that they are generally quick to adopt new technologies which may alleviate the risk of a breach. However, banking institutions can often be held back by legacy infrastructure and applications, due to the sheer scale of their IT operations, which can prove costly to upgrade.
Mastercard Wants to Help Issuers Fight Card Fraud Faster after Data Breaches
On the heels of Equifax’s massive data breach that compromised 143 million identities, Mastercard today (Oct. 2) announced the launch of Early Detection System, which alerts banks to high-risk cards and accounts that are exposed in security incidents or data breaches.
Whole Foods Market Reports Breach
On Sept. 28, Whole Foods Market announced it had recently received information regarding unauthorized access of payment card data used at certain venues such as taprooms and table-service restaurants located within some of its stores.
Blue chips are down as Deloitte hit by cyberattack
Yet again, another fintech firm has been hit by a cyberattack. This time it’s Deloitte’s turn – with confidential emails and plans of some of its blue-chip clients compromised, according to the Guardian. The cybersecurity attack went unnoticed for months and the Guardian says it understands that Deloitte clients across all of its sectors – […]
Are you data breach fatigued?
Data breaches are nothing new – quite the contrary – in fact their very frequency makes it likely that we’re fatigued to the point of indifference by the number of leaks which are surfacing, reports Telecoms.com (Banking Technology’s sister publication). Knowing the value of money is a lesson parents have been teaching children for years, […]
EU-US Privacy Shield faces its moment of truth
While you were tucking into your ham sarnie European Commission Věra Jourová touched down in the US to start the first annual review of the EU-US Privacy Shield, reports Telecoms.com (Banking Technology’s sister publication). It’s the reason why the internet giants of Silicon Valley can do business in the European bloc, or at least the reason […]
Equifax breach fallout far-reaching
The fallout from Equifax’s data breach, which compromised personal data of 143 million US consumers, continues with an investigation by the US Federal Trade Commission (FTC) and Mastercard and Visa warning issuers that more than 200 million cards are at risk.
Semafone Appoints John Donaldson CFO
Semafone, a U.K.- and Boston-based provider of data security and compliance solutions for contact centers, has appointed John Donaldson to the role of chief finance officer, as the company prepares to build on its record growth in 2016.
Infographic: UK’s cloud computing job market
According to a study by the International Data Corporation (IDC), investment in cloud computing is expected to grow at over six times the rate of IT spending by 2020. Job meta-search engine Joblift has analyse the state of the UK’s cloud computing job market and found that, in line with the rise in investment, cloud computing vacancies have risen by over 7% on average monthly.
Yes Fintech calls on fintech start-ups worldwide to apply for second cohort
Yes Bank, one of the largest banks in India, us calling for start-ups to apply for the second cohort of its Yes Fintech innovation programme.
Intel and Tencent team up for blockchain tech
Chinese investment holding company Tencent and US-based Intel have joined forces to co-operate on blockchain projects.
Infographic: Banking in Europe 2017
Banking by the numbers in the EU, with key facts and figures from the European Banking Federation, including stats on which fintech is getting the love from big banks.
BioConnect on Where to Start with Biometrics Investment
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
