Category : Security

Artificial Intelligence Finance Fintech Guest Posts Risk Management Robotic Process Automation Security

Gen AI and Its Impact on Fraud and Identity Verification

James Bruni
by James Bruni0
By James Bruni, GBG IDology The technology used to combat identity theft and limit fraud is constantly evolving. Unfortunately, bad actors also use emerging technologies to create new opportunities for fraud. Generative AI (Gen AI) has already had a massive impact on the threat landscape and is set to create......
Blockchain Digital Wallet Featured Finance Fintech Security

Deconstructing Digital Wallets: Designing for Interoperability and User Privacy

Fintech Staff Writer
by Fintech Staff Writer0
Digital wallets have revolutionized how individuals interact with financial services, transforming payments, identity verification, and asset management into seamless, accessible experiences. By offering convenient, contactless solutions, digital wallets have become essential in modern economies. However, as their usage grows, so do concerns about interoperability and user privacy. Addressing these concerns......
SecurityScorecard Threat Intel Report: 97% of Leading U.S. Banks Impacted by Third-Party Data Breaches in 2024
Banking Finance Fintech News Risk Management Security

SecurityScorecard Threat Intel Report: 97% of Leading U.S. Banks Impacted by Third-Party Data Breaches in 2024

Business Wire
by Business Wire0
New report highlights growing risks in banking supply chains amid increasing third-party reliance SecurityScorecard today released an in-depth analysis revealing that 97% of the top 100 U.S. banks experienced a third-party data breach in the past year, exposing significant vulnerabilities in banking supply chains. As banks increasingly rely on third-party vendors......
Artificial Intelligence Featured Finance Fintech Risk Management Robotic Process Automation Security

Optimizing Data Annotation Pipelines for AI Models in the Insurance Sector

Fintech Staff Writer
by Fintech Staff Writer0
The insurance sector has increasingly adopted artificial intelligence (AI) to enhance risk assessment, fraud detection, customer personalization, and claims processing. AI models in the insurance sector rely on vast amounts of high-quality labeled data to perform these tasks accurately. Data annotation—the process of labeling datasets for training AI models—is thus......
Artificial Intelligence Banking Finance Fintech Guest Posts Security

Safe AI Strategy for Community Financial Institutions: Turning Concepts into Action

Saahil Kamath
by Saahil Kamath0
By Saahil Kamath, Head of AI at Eltropy Five Guiding Principles for Responsible AI Adoption in Community Banking Community financial institutions (CFIs) have long been the bedrock of trust in local economies, offering personalized service that big banks often can’t match. Now, as artificial intelligence reshapes the financial sector, these institutions face a pivotal moment. The challenge isn’t just about adopting new technology;......
Artificial Intelligence Blockchain Digital Payments Featured Finance Fintech Lending Security

The Evolution of Embedded Finance and Its Role in Democratizing Financial Literacy

Fintech Staff Writer
by Fintech Staff Writer0
Embedded Finance, the integration of financial services into non-financial platforms, has revolutionized the way people access and interact with financial systems. From e-commerce platforms offering payment solutions to apps providing loans, embedded finance bridges the gap between financial services and everyday activities. More significantly, it has emerged as a tool......
Artificial Intelligence Banking Digital Payments Finance Fintech Guest Posts Security

The Hidden Culprit Behind a “Seamless” Digital Banking Experience

Tim Pranger
by Tim Pranger0
By Tim Pranger, Founder and CEO, Appli For credit unions, third-party logos aren’t just cluttering your digital experience – they’re quietly eroding your members’ trust Your member is applying for a loan on your credit union’s website. Within minutes, they’ve encountered three different vendor logos, two separate platforms, and a......
Equifax and Mastercard Join Forces to Combat Payment Fraud in Latin America
Finance Fintech News Risk Management Security

Equifax and Mastercard Join Forces to Combat Payment Fraud in Latin America

PR Newswire
by PR Newswire0
Mastercard Now Offering Kount Payment Fraud Prevention and Chargeback Mitigation to Payment Providers and Merchants Equifax and Mastercard have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. Enhanced fraud management tools, including Mastercard Identity, Ethoca Alerts......
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Decoding Blockchain and Smart Contracts in Wealth Management

Fintech Staff Writer
by Fintech Staff Writer0
The integration of blockchain technology and smart contracts is reshaping the wealth management landscape. By leveraging blockchain, global businesses are enhancing transparency, improving efficiency, and reducing costs. Smart contracts, with their ability to automate and enforce agreements without intermediaries, offer additional benefits in streamlining operations and boosting client trust. The......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Fraud Benchmarking With FinTech

Prajakta Ayade
by Prajakta Ayade0
Fraud has become a growing concern across industries as digital transformation accelerates. Within financial technology (FinTech), the rapid adoption of digital services, APIs, and real-time processing has brought innovation and efficiency while introducing new vulnerabilities to fraud. Fraud benchmarking, a strategic process that evaluates an organization’s fraud management practices against......
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