Tag : financial sector

Banking Featured Finance Fintech Security

How Are Open Banking APIs Levelling the Playing Field for Traditional Banks?

Prajakta Ayade
by Prajakta Ayade0
The financial industry has seen significant disruption from fintech companies and neobanks, which benefit users by offering advanced technologies and customer-centric services. To keep pace, traditional banks are increasingly adopting Open Banking APIs (Application Programming Interfaces), a transformative technology that enables them to compete more effectively by fostering innovation, enhancing......
Artificial Intelligence Featured Fintech Machine Learning

AI and Machine Learning: Transforming Global Payments and Global Money Exchange

Prajakta Ayade
by Prajakta Ayade0
The financial technology (fintech) industry is undergoing a profound transformation, driven by advancements in artificial intelligence (AI) and machine learning (ML). These technologies are revolutionizing payment systems and global money exchange, bringing unprecedented efficiency, security, and innovation to the financial sector. Enhancing Payment Systems AI and machine learning are enhancing......
AML/KYC Compliance AI-Focused Firm Axle Automation Raises $2.5M Led by Diagram Ventures
Artificial Intelligence Compliance management News

AML/KYC Compliance AI-Focused Firm Axle Automation Raises $2.5M Led by Diagram Ventures

Business Wire
by Business Wire0
Axle Automation, Inc. (“Axle” or “Company”), a trailblazing provider of AI-powered solutions for compliance teams, proudly announces the successful close of its seed funding round. The Company will use the $2.5M to scale the team and optimize and supercharge compliance teams at fintechs, banks, and other financial institutions. Led by......
Latinia Expands to North America Following Success in Latin and Central America
Banking News

Latinia Expands to North America Following Success in Latin and Central America

GlobeNewswire
by GlobeNewswire0
Latinia, a leading provider of real-time decision engines and critical notifications for the banking industry, proudly announces its expansion into the United States and Canada. This strategic move follows Latinia’s remarkable success with prominent banks across Latin and Central America, solidifying its reputation as a trusted partner in the financial......
Financial Sector Significantly Outpaces Other Industries in Pay Transparency Revolution
Fintech News

Financial Sector Significantly Outpaces Other Industries in Pay Transparency Revolution

PR Newswire
by PR Newswire0
New Syndio analysis shows financial firms are 54% more likely to disclose pay equity analyses compared to other industries Syndio, the world’s leading workplace equity platform, is reporting a significant shift in the financial services sector’s commitment to workplace equity. A new Syndio analysis highlights that financial services companies are......
Fintech Guest Posts Security

Strengthening the Financial Sector Through Authentication and Regulation

Frederik Mennes
by Frederik Mennes0
At the beginning of 2024, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published a report quantifying the impact of weak identity solutions on our financial system. This is the first time a federal agency has made an effort to quantify the impact of compromised credentials on the US......
Traceable AI Report: API Security Emerges as Top Concern for Financial Sector Amid Increasing Threats
Artificial Intelligence Finance Fintech News

Traceable AI Report: API Security Emerges as Top Concern for Financial Sector Amid Increasing Threats

Business Wire
by Business Wire0
Survey further reveals 42% of financial institutions that experienced API-related data breaches attribute the attacks to fraud, abuse, and misuse; majority (82%) concerned about regulatory compliance Traceable AI, the industry’s leading API security company, today released an in-depth report exposing the state of API security in the financial services industry.......
Qatar Central Bank Issues Instructions for the Loan-Based Crowdfunding Regulation
Fintech News

Qatar Central Bank Issues Instructions for the Loan-Based Crowdfunding Regulation

PR Newswire
by PR Newswire0
In line with the financial sector strategy and the financial technology (Fintech) strategy, and based on Qatar Central Bank’s permanent endeavor to regulate and develop the financial sector in the country, Qatar Central Bank issued instructions for the Loan-Based Crowdfunding Regulation, for the purpose of licensing and regulating (Loan-Based Crowdfunding......
Akamai Research Finds 65 Percent Increase in Web Application and API Attacks on Financial Services
Cloud Finance News

Akamai Research Finds 65 Percent Increase in Web Application and API Attacks on Financial Services

PR Newswire
by PR Newswire0
Financial services has surpassed gaming as the top vertical for DDoS attacks Akamai Technologies, Inc., the cloud company that powers and protects life online, released  a new State of the Internet report that explores existing and emerging cyberattacks against the financial services industry. The new report, The High Stakes of......
Matera Brings AI to Instant Payments, Acquires Brazilian AI Leader Cinnecta
Digital Payments News

Matera Brings AI to Instant Payments, Acquires Brazilian AI Leader Cinnecta

Business Wire
by Business Wire0
Company will develop innovative new products and services tailored to financial institutions, credit card companies and consumers Matera, maker of world-class instant payments, QR code and digital ledger technology, announced its strategic acquisition of Cinnecta, a leading-edge AI company renowned for its solutions in customer retention, loyalty and enhancing digital......
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