Tag : Cyber Threats

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Automating AML Investigations with AI and Machine Learning

Fintech Staff Writer
by Fintech Staff Writer0
Financial crime is evolving at an alarming pace. Money laundering, fraud, and terrorist financing have become more sophisticated, leveraging digital channels and complex transaction patterns to evade detection. In response, financial institutions face mounting regulatory scrutiny, with non-compliance leading to severe penalties—nearly $5 billion in AML-related fines were imposed in......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

AI-Powered Fraud Detection For Fintechs: Upskilling Security Teams with Advanced Machine Learning Tools

Fintech Staff Writer
by Fintech Staff Writer0
Financial technology, or FinTech, has come a long way since its inception in the 1990s when Citicorp pioneered the Financial Services Technology Consortium. While the term initially focused on collaboration between banks and tech firms, it wasn’t until the early 2000s—spurred by the rapid expansion of the internet—that FinTech evolved......
Banking Digital Payments Featured Finance Fintech Risk Management Security

Cybersecurity Challenges for Emerging FinTech Start-ups

Fintech Staff Writer
by Fintech Staff Writer0
Emerging FinTech start-ups are transforming the financial landscape with innovative solutions that make banking, investing, and money management more accessible. From mobile payment platforms to blockchain-based services, these companies are reshaping traditional financial services. However, this rapid digital evolution comes with a significant downside: cybersecurity threats. FinTech start-ups face a......
Ontinue Research Reveals Ransomware Attacks Surged 132% Despite 35% Drop in Payments
Digital Payments Fintech News

Ontinue Research Reveals Ransomware Attacks Surged 132% Despite 35% Drop in Payments

PR Newswire
by PR Newswire0
AiTM Attacks Emerged as a Dominant Threat in 2H 2024, along with Significant Activity from Plugx, Command-And-Control (C2) Traffic, and Vishing and Phishing Campaigns Ontinue, a leading provider of AI-powered managed extended detection and response (MXDR) services and winner of the 2023 Microsoft Security Services Innovator of the Year award,......
Entrust Helps Businesses Fight Fraud with New AI-powered Facial Biometric Authentication Capability
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Entrust Helps Businesses Fight Fraud with New AI-powered Facial Biometric Authentication Capability

Business Wire
by Business Wire0
Entrust Identity as a Service (IDaaS) now enables facial biometric authentication by verifying users against their encrypted biometric identifier stored on-device, enabling compliance and new fraud protection options Entrust, a global leader in trusted payments, identities, and data security, introduced AI-powered identity verification as a new capability for its Identity-as-a-Service (IDaaS)......
Sixfold's AI Prepares Insurers for Future Risks in Cyber Insurance
Artificial Intelligence Finance Fintech News

Sixfold’s AI Prepares Insurers for Future Risks in Cyber Insurance

PR Newswire
by PR Newswire0
Insurers using Sixfold’s AI can quickly adapt their risk strategies to address new cyber threats, providing accurate and future-ready underwriting assessments. Additionally, the partnership with CyberCube aligns with the strategy of utilizing the best data sources to streamline underwriting, keeping insurers ahead as cyber insurance premiums are projected to reach $20......
FusionIQ Achieves SOC 2 Type II Compliance, Reinforcing Commitment to Data Security
Compliance management News Security

FusionIQ Achieves SOC 2 Type II Compliance, Reinforcing Commitment to Data Security

PR Newswire
by PR Newswire0
Wealthtech Leader Delivers Peace of Mind Cybersecurity for Financial Advisors and Institutions FusionIQ, a leader in the delivery of cloud-based wealth management solutions proudly announces its achievement of SOC 2 Type II compliance, a significant milestone in the company’s ongoing commitment to data security and privacy. This certification demonstrates FusionIQ’s......
Inqtel Japan Ltd. Unveils New Mobile Payment App to Revolutionize Digital Transactions
Digital Payments Fintech News Security

Inqtel Japan Ltd. Unveils New Mobile Payment App to Revolutionize Digital Transactions

EIN Presswire
by EIN Presswire0
Inqtel Japan Ltd, a leader in financial technology, is proud to announce the launch of its innovative mobile payment app, designed to prioritize security, privacy, and ease of use for businesses and individuals. This cutting-edge app offers a seamless and reliable financial gateway, setting new standards for secure digital transactions.......
Artificial Intelligence Featured Finance Fintech Machine Learning Risk Management Security

Equity Management Software And It’s Impact on The FinTech Landscape

Fintech Staff Writer
by Fintech Staff Writer0
Equity management software has become a critical tool for businesses seeking to streamline their processes, enhance transparency, and drive efficiencies. However, as these solutions gain traction, they also face significant challenges related to data security and compliance. The Rising Importance of Equity Management Software Equity management software enables companies to......
Banking Cryptocurrency Finance Fintech Guest Posts Risk Management Security

Future-Proofing Your Fintech: Essential Strategies for Mitigating Risk

Will Hamory
by Will Hamory0
By: Wil Hamory, Fintech Lead at Founder Shield The rise in cyber attacks is a harsh reality: the promised land of fintech is getting a whole lot more dangerous. For fintech leaders looking to scale their business, it takes more than just innovation and a good market fit to navigate this......
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