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Tag Archives: Cybersecurity

Ingenico’s 5 payment predictions for 2020

Ingenico, a global leader in seamless payments, have analyzed the disruptive trends likely to transform the payment industry in the future and come up with 5 predictions for payments in 2020: Social commerce and voice commerce – both are likely to become part and parcel of our everyday life, making …

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What customers want and expect in banking in 2020

Technology has changed the way we do business in every sector, and banking is no exception. Banking 2020 will be about living up to customers’ expectations without sacrificing the safety and security they need in the institutions they trust with their future. These heightened expectations have defined a number of …

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Gray swans that could disrupt the banking sector

Although there have been a myriad of changes in the banking sector that have made banking processes faster, easier and more convenient, the basic concepts behind them remain largely unchanged. But what low-likelihood, high structural impact events (gray swans) could trigger a dramatic shock to the banking sector? Here are …

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10 artificial intelligence trends for 2020

There has been an exponential uptick in the number of platforms, applications and tools based on machine learning and artificial intelligence (AI) technologies in recent years. Here are 10 AI trends expected to dominate in 2020. Blockchain, internet of things and AI convergence – for AI to make a positive …

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Top cybersecurity threats for the banking industry in 2020

Cybersecurity is one of the biggest concerns that financial institutions have today, especially with increased digitization exposing them to greater risks from hackers. Here are the top cybersecurity risks for financial institutions in 2020. Mobile and web banking – while apps and online banking make it easy for consumers to …

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Cybersecurity and banking: 3 trends to watch in 2020

The threat of financial losses, regulatory consequences and reputational damage has spurred financial institutions to innovate and accelerate in the field of cybersecurity. However, the intersection of cybersecurity and banking can feel like a major battle. As soon as one vulnerability is addressed, another is created. Combine this with the …

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Cybersecurity as a service – a new global trend

Cybersecurity as a service is part of a wider global trend toward the sharing economy model, in which consumers pay for a service over time as opposed to buy a product outright. As with most breakthrough concepts, cybersecurity as a service has gone from a few small startups with a …

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Video: Top 10 strategic technology trends for 2020

Each year, different technology trends drive disruption and create opportunities for growth and development. Here’s a look at 10 of the top strategic technology trends for 2020 from our friends at Gartner. Building a millennial-friendly brand through social awareness Video: why banks are investing in RegTech Infographic: virtual reality as …

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10 data science considerations for financial institutions

Advanced data science promises numerous benefits to financial institutions in a wide variety of areas, including marketing, sales, operations, consumer intelligence, portfolio management, risk and compliance. Here are 10 significant areas of concern that financial institutions should consider as they evaluate their technology priorities: Artificial intelligence (AI) – AI can …

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Top 10 data breaches to impact the financial services industry

Consumers expect financial institutions to provide an expert level of security when it comes to sensitive data. Over the years, however, some of the biggest data breaches have involved, in some way or another, financial institutions. Here’s a quick look at ten of the biggest data breaches impacting the financial …

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Kazakhstani police launch investigation into data leak

Kazakhstani police are investigating the leak of the personal data of Kazakhstani citizens. Earlier this year, it was discovered that an online database containing the personal data of about 11 million Kazakhstani voters was freely available to anyone for viewing and/or downloading. The data contained in the database was current …

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Personal data leaks: the disease of the digital world

With all the recent news about cyberattacks and data leaks, one might sometimes wonder if he/she is really a target. After all, why would someone be interested in the data of an ordinary, maybe even unremarkable person. But the reality is that hackers are interested in whatever personal data they …

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3 Big Data trends in finance

Global investments in Big Data and business analytics is projected to grow from USD 130.1 billion in 2016 to over USD 203 billion in 2020. Here are 3 of the biggest Big Data trends, each represented by an innovative new solution: Business intelligence (Qlik Analytics Platform) – Qlik has developed …

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Data security key for consumer confidence in open banking

Reservations about data security pose the biggest challenge when it comes to increasing consumer confidence in open banking, with 86% of respondents to a recent Forrester Consulting (on behalf of TransUnion) survey concerned about data being sold and 82% concerned about data breaches. As financial institutions begin their push into …

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3 key areas for a future with open banking

As open banking continues its path toward offering consumers greater financial products and services, it is interesting to consider what things are necessary for open banking to become the new normal. Perhaps there is no other single thing more important for the long-term success and uptake of open banking than …

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Key security questions in an open banking ecosystem

While open banking represents a step forward for financial institutions, data and customer identity must remain the highest priority. In fact, the European Banking Authority (EBA) recently released new guidelines on open banking systems that named data security a top priority as banks begin to share their customers’ financial information …

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Personal data compromised through API vulnerability

The personal data of consumers who requested a loan and/or credit card from the now liquidated Binbank may have been compromised. The compromised data includes names, passport data, phone numbers and addresses. The data was compromised due to a vulnerability in an API mechanism. Moreover, it is possible that a …

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Kazakhstan actively developing digital financial infrastructure

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The National Bank of Kazakhstan, together with the banking community, is implementing a number of new initiatives on the digitization of financial services such as its launch of the interbank Instant Payment System, a system which allows consumers to execute online payments instantly via a mobile number. The regulator is …

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First school of digital economics in Russia

The creation of the first school of digital economics in Russia was announced last fall at the Eastern Economic Forum. The school, founded as an innovative educational project designed to train personnel for solving advanced tasks in the digital sphere, will be built based on individual educational trajectories and the …

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