The internet of things (IoT) is transforming financial markets around the world, and Asian banks and insurers are benefitting greatly. According to a study by market research firm ReportsnReports, the …
Read More »Standard Charted and Huawei team up to create IoT banking solutions
Standard Chartered has joined forces with Huawei to create an IoT-powered solution that could completely transform the way corporate companies communicate with banks. The solution allows corporate firms and banks …
Read More »Taking the internet out of IoT
SoftBank has completed the first-ever connection test in a commercial environment for non-IP data delivery (NIDD). NIDD allows users to transmit data to internet of things (IoT) devices without allocating …
Read More »New international standard for IoT products in development
New connected devices arrive on the market almost daily, and privacy and security issues arising from the use of digital products and services regularly feature in the news. Because of …
Read More »FinTech cybersecurity consortium created
Over the past few years, financial institutions have worked to strengthen their ties with young tech-savvy startups that aim to revamp the way financial services are created and consumed. This …
Read More »FinTech’s impact on cyber response and recovery
Large-scale cyberattacks on critical financial infrastructure are a major threat to the safety and stability of the global economy. Recently, a panel discussion at DTCC’s 2018 FinTech Symposium brought together …
Read More »How one cybersecurity firm hit a value of USD 1.25 billion
Darktrace, a cybersecurity company that provides a network “immune system” powered by artificial intelligence, has hit a value of USD 1.25 billion following a recent round of financing. The company …
Read More »30+ companies ready to sign “digital Geneva convention”
More than 30 technology companies, including Facebook and Microsoft, are planning to announce their refusal to take part in possible cyberattacks organized by any government. This includes attacks against citizens, …
Read More »The 2018 Global Fraud and Identity Report
Just how well-equipped are businesses at recognizing their customers’ identities online? What types of investments are they making in customer recognition? And to what degree are they able to accurately …
Read More »NetGuardians brings its cybersecurity to Zimbabwe
NetGuardians, a Swiss cybersecurity specialist, is bringing its fraud fighting solutions to Zimbabwe’s Steward Bank (formerly TN Bank). Steward Bank will integrate NetGuardians’ platform with its core banking system, meaning …
Read More »Addressing cybersecurity in financial institution-FinTech partnerships
Partnerships between financial institutions and FinTechs must go beyond the customer value proposition and provide embedded cybersecurity at all stages of the customer journey. Open APIs present an incredible opportunity …
Read More »Low uptake of email authentication by financial institutions
The Global Cyber Alliance (GCA), a cybersecurity nonprofit, has announced that only 11 of the top 50 U.S. financial institutions and 9 of the top 50 European financial institutions are …
Read More »Sberbank names unsafe regions for using bank cards
Sberbank has determined that countries in the Asia-Pacific region and the Americas are the most common locations where Russian consumers are falling prey to fraudsters using tactics to get their …
Read More »State use of biometric data: good or bad?
Biometric data is being harnessed the world over as a way of identifying us and protecting us from the fraudulent use of our personal information. And governments around the globe …
Read More »Southeast Asian nations agree to strengthen cybersecurity
Southeast Asian nations have agreed to adopt cybersecurity rules following major data breaches in the region. Ministers in the 10-member Association of Southeast Asian Nations have agreed to 11 voluntary, …
Read More »New data privacy regulations changing “business as usual”
The digital economy is lucrative yet highly-vulnerable, with cybercriminals relentlessly hunting for vulnerabilities and security gaps. This has led to a flurry of recent data breach incidents giving rise to …
Read More »Arab Financial Inclusion Prize encouraging FinTech to help the unbanked
Although there have been many exciting advancements to further financial inclusion in the Arab world in the last 15-20 years, 60% of the adult population in the region’s developing countries …
Read More »Five countries getting rid of cash
Many countries are switching to a digital economy as a way to better fight shadow businesses and crime, increase control over flows of money and reduce the responsibilities that come …
Read More »How MyBucks is increasing financial inclusion among Africa’s unbanked
There is a large unbanked population in Africa that does not use formal banks or semiformal microfinance institutions. This has provided an opportunity for MyBucks to step in and fill …
Read More »FinTech is making financing more accessible
Investments in underfunded space, especially for SME lending, are important for increasing financial inclusion. And managing director of Creditease’s FinTech Value Chain Fund, Anju Patwardhan, understands this. For that reason, …
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