71 Results from 2022, /security
Omkar Nisal Managing Director UK & Ireland at Wipro Ltd
On September 24, 2020, the European Commission published the first drafted proposal for a Digital Operational Resilience Act (DORA) as part of the Digital Finance Package (DFP). The aim is to guide financial institutions through the complexities of crypto assets, blockchain technology, and digital operational resilience, as well as advising on a
21 December 2022 /security /regulation Banking Regulations
Retired Member
We have been applying analytics, artificial intelligence (AI) and machine learning (ML) to fraud prevention solutions for over 20 years. Over this time, the financial services sector has completely transformed, with firms seeking to move away from siloed and disjointed datasets, rapidly digitising and turning to the cloud. But how has this impac...
14 December 2022 /security /crime Artificial Intelligence and Financial Services
Pavlo Farb Security Engineer at Cossack Labs
Once deployed, a lot of smart contracts cannot be easily changed. So, it would be wise to take a close look at potential weaknesses, exploits, and built-in mitigations when it’s not too late for changes. But look beyond the code. Smart contracts are immutable pieces of code that perform certain operations in blockchain networks or link different bl...
13 December 2022 /security /crypto DeFi
Philip Chethalan Marketing Manager at Subex
Employee Onboarding effectiveness defines whether your employee will be engaged or disengaged at work, depending on the impression created on them. Poorly managed onboarding can lead to abandonment, especially for youngsters. According to an SHRM article: 69% of employees stay longer with good onboarding A structured onboarding program will make 5...
13 December 2022 /security Biometrics
Lynton Buxton Marketing Manager at Parseq
There was a time as a young boy I was fortunate enough to receive Christmas cards from distant relatives that contained a crisp £1 note and I felt rich. As the year’s progressed, and warnings of postal security began to hit the headlines, the Pound note began to be replaced with a personal cheque often with a fancy background of woodland creatures...
07 December 2022 /security /payments Finextra site news
Nick Horne Sales and Commercial Director at Suresite Group
The latest evolution of the Payment Card Industry Data Security Standard - better known as PCI DSS - has recently been made available, making now a great time for businesses to focus more attention on PCI compliance. Periodically updated to drive improvement, this latest version - PCI DSS v4.0 - won’t come into effect until March 2024, but it is o...
30 November 2022 /security /payments The Payments Business
MSB services have come to the rescue of many, who can’t access banks immediately and want to transfer money or carry out trade exchanges. So, it surely provides time and place convenience. We all know MSB services include cash acceptance for a transaction or currency exchange, global remittance services, check cashing outlets, and facilitating paym...
30 November 2022 /security /crime Online Banking
Eduardo Castro Head of Identity and Fraud at Experian
It has been another busy year for fraudsters. With consumers seemingly targeted by an ever-increasing range of tricks and scams designed to part them from their money or personal information, the risk has never been greater. New insights from Experian show that identity theft has risen by more than a fifth (21%) over the course of 2022. The trend b...
29 November 2022 /security /identity
Simon Horswell Fraud Specialist Manager at Onfido
There’s no doubt that biometrics, such as fingerprint and facial biometrics, are taking customer experience into a new era. Today, different forms of biometrics are widely used to help businesses verify users for the purposes of both Know Your Customer (KYC), fraud detection and prevention. With identity fraud rocketing 44% since 2019, biometrics ...
21 November 2022 /security /identity Biometrics
The growth of contactless biometric payment cards has gained even more momentum in 2022. With recent launches in Morocco, and more on the horizon, it is an exciting time for the technology. But what external factors are driving this trend and why should the payments industry take note? Mandates and mobiles Changes in payment technology have s
18 November 2022 /security /payments Frictionless Payments
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