Latest Security News: Finextra Research

Financial Cloud Summit 2023: ChatGPT says banks should be multi-cloud

Cloud migration is a major part of the financial industry today; traditional banks and emerging fintechs are in process of transitioning online to cloud services to become scalable, agile, and operate at a higher level.

02 March 2023

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Financial Cloud Summit 2023: Strategising digital transformation and balancing trust with partners

To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more.

02 March 2023

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Financial Cloud Summit 2023: Exponential change is coming

Kicking off Finextra’s inaugural Financial Cloud Summit, former Dragon’s Den dragon Piers Linney, entrepreneur and investor, founder and CEO of Moblox, set the scene for the day, focusing on cloud strategy, migration and optimisation.

02 March 2023

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Eyes down – Remember to Take Five! UK Finance launches Scam Bingo game

UK Finance's Take Five to Stop Fraud campaign is aiming to raise awareness among the over-65s with a new 'scam bingo' game.

02 March 2023

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Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

23 February 2023

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Stripe forms issuer partnerships to help fight fraud

Stripe has launched an "enhanced issuer network": a set of partnerships with US card issuers designed to help businesses rescue fraud and boost authorisation rates.

22 February 2023

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Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

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Digital asset protection provider Coincover raises $30m

Coincover, a UK-based digital asset protection provider, has raised $30 million in a funding round led by Silicon Valley’s Foundation Capital.

10 February 2023

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US and UK sanction Russian cybergang members

The United States and United Kingdom have imposed sanctions on seven members of the Russian hacking collective Trickbot.

10 February 2023

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Mastercard and Network International unveil AI fraud prevention tech

Mastercard and digital commerce company, Network International, have collaborated to release an Artificial Intelligence (AI) solution fighting transaction fraud across the Middle East and Africa.

09 February 2023

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US Treasury launches cloud services steering committee

The dominance of a handful of cloud service providers in the financial sector raises concerns about operational resilience and the bargaining power vendors have in negotiations with smaller FS players, according to a US Department of the Treasury report.

09 February 2023

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Banks receiving APP scam payments pushed to step up standards

The UK's Lending Standards Board is pursuing a harder line on authorised push payment fraud, requiring banks receiving scam payments to take further measures to stop such transfers.

08 February 2023

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