Anup Chandrashekar Vice President at Sonata Software
In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satisfaction. From the pioneering days of ATMs to the digital revolution brought forth by internet and mobile banking, financial institutions have always been at the forefront of embracing technological advancements. Today, as we embark on the cusp of a ...
01 July 2024 /ai /retail Artificial Intelligence and Financial Services
Dmytro Spilka Director and Founder at Solvid, Coinprompter
Machine learning is emerging to become a key evolutionary force within the fintech landscape, and will form the cornerstone of the industry’s transition into an open finance ecosystem. According to McKinsey data, artificial intelligence (AI) can generate up to $1 trillion in additional value for the global banking industry annually, and machine l...
30 June 2024 /ai
Robert Siciliano Security Analyst at Safr.me
A long-running and large-scale internet-based fraud scheme netted around $50 million from dozens of investors over an eight-year period. The perpetrators created 150 fake sites that targeted investors. These sites would tell the investors that they had multiple investment opportunities that they should take. According to the court documents, these...
28 June 2024
Pavel Perfilov IT Manager (engineering) at hedge fund
Companies in the fintech environment are constantly looking for ways to improve their technology infrastructure to increase efficiency and provide better services to their customers. One of the modern approaches is the use of APIs and microservices. These technologies enable the development of flexible and scalable systems that can quickly adapt to...
28 June 2024 /payments API
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION In June 2024, the Financial Conduct Authority (FCA) published feedback on good and poor quality applications under the existing cryptoasset anti-money laundering (AML) and counter-terrorist financing (CTF) regime (Feedback) (FCA, 4 June 2024). The Feedback identified that out of 347 applicati...
28 June 2024 /crypto /crime Cryptocurrency Insights
Harshita Soni Digital Marketer at Ken Research
India, with its rapidly growing economy and burgeoning middle class, has witnessed an exponential increase in digital payments. The Indian digital payment market is valued at approximately $85 billion, with a compound annual growth rate (CAGR) of 23% over the past five years. This growth trajectory is set to continue, with projections estimating th...
28 June 2024 /payments /markets Bigger than Technology
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Why? Because too many still think that the wallets will be used only or mainly to identify citizens. When they in fact will serve life events not only for citizens - but also for organizations and things - with all sorts of verified data - building the identity - all the way to a digital twin (if so chosen). The state issued identification credent...
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
A more common question today is "whether privacy enhancing technologies should be used in conjunction with privacy management tools?". Privacy enhancing technologies are tools that can be used to protect data, such as encryption or masking. Privacy management tools are tools that can be used to manage who has access to data, such as acce...
27 June 2024 /security /people Bigger than Technology
John Bertrand MD at Tec 8 Limited
Bank Fraud was examined in clinical detail at LexisNexis ‘Trust:Live 2024 Conference. Fraud represents 49% of UK Crime. No one knows how many scammers are out there. The scale of scam messages, over 1 billion sent over the telecom networks this year, suggests a significant number of digital fraudsters. The Dedicated Card & Payment Crime Unit ...
27 June 2024 /payments /crime Artificial Intelligence and Financial Services
Hugo Chamberlain COO at smartKYC
Know Your Customer (KYC) processes have traditionally been the backbone of financial institutions’ efforts to prevent money laundering, terrorist financing, and other financial crimes. Historically, KYC screening focused primarily on identifying red flags such as suspicious transactions and connections to criminal activities. However, in recent ...
27 June 2024
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