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Tag Archives: Cybersecurity

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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Cyber skills program launches in Australian schools

The Australian Computing Academy (ACA) has announced the launch of the Cyber Security Challenge, a USD 1.35 million program to teach cyber security to year 7-10 students in Australia. The program, which will be taught in conjunction with the compulsory Digital Technologies Curriculum, brings real-life cyber security experience and expertise …

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China’s FinTech model and why the West won’t catch up

China has embraced FinTech solutions as ways to make their lives easier, with one-stop shop apps allowing nearly half a billion people to access a dizzying array of financial services. Meanwhile, the West seems relatively stuck in a world of plastic and paper. Here are five reasons why FinTech solutions …

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Brexit’s impact on FinTech in the UK and the EU

The full-scale implications of Brexit are unclear for a number of industries, including the FinTech industry. Dr. Joanna Perkins of the Financial Markets Law Committee (FMLC) outlined six key areas of Brexit impact: Policy divergence – although the United Kingdom (UK) will have less interference in its affairs, UK approaches …

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Video: 10 strategic technology trends in 2019

From blockchain and artificial intelligence to quantum computing and augmented analytics, here’s an overview of 10 strategic technology trends that are helping to bring the virtual world and the real world together in 2019. Artificial intelligence in financial industry lagging behind other industries New Kazakhstani financial services group created to …

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Infographic: using communication apps in the financial sector

Production and effective communication is vital for any financial company in the modern world. Communication apps such as WhatsApp offer easy communication solutions; however, it is important that financial companies remain compliant with regulations when using them. Check out this infographic for useful tips on how to compliantly use communication …

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Video: 4 predictions for FinTech in 2019

FinTech has become increasingly influential in markets around the world. Here are four predictions for how FinTech will continue to impact our lives in 2019. Infographic: 2017 Consumer Cybersecurity Confidence Index Video: factoring The state of cyber-attacks in Kazakhstan

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The future of banking: secure omnichannel banking

As a broader range of banking services are becoming available on a variety of new platforms, consumers are increasingly using a combination of channels to conduct banking activities. The next wave of innovation in the banking sector, however, seeks to move past physical contact (e.g. going to a bank, using …

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5 reasons why IoT is not yet ready for primetime

The internet of things (IoT) has been one of the biggest trends in recent years and promises to continue growing for the foreseeable future. While the benefits of IoT are numerous, it’s still not ready for primetime, and here are five reasons why: Fragmentation in protocols – a fragmented landscape …

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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 this, consumers have become increasingly concerned about the security risks digital products may bring with them. To help solve this, …

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Infographic: the state of the internet of things

The internet of things (IoT) is simultaneously one of the most anticipated and least understood initiatives in modern technology. This infographic shows the results of a survey of 400 IT pros involved with IoT strategy and development. Smart Contracts Explained BigTech’s impending banking invasion Infographic: online and mobile banking vs. …

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Infographic: the dangers of the internet of things

There are many issues associated with the internet of things (IoT), especially security-related concerns. Explore some of these issues in this insightful infographic on the dangers associated with IoT. Azerbaijan developing national cybersecurity strategy Infographic: why video banking is on the rise lifecell building IoT infrastructure in Ukraine

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Kaz’Hack’Stan 2018 outlines changing digital landscape in Kazakhstan

In October 2018, Almaty hosted the second annual Kaz’Hack’Stan Conference. The Conference, devoted to practical issues in the field of information security, included panel discussions, example cases from information security experts and booths designed allow users to enhance their practical skills. During the panel discussions, speakers discussed current issues related …

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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 has heightened the need for FinTechs to implement new, robust cybersecurity measures, especially given that the use of new technological …

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2019 FIRST Cyber Threat Intelligence Symposium

The 2019 FIRST Symposium on Cyber Threat Intelligence will be held March 18-20, 2019 in London. The Symposium, hosted by BT and Digital Shadows, will feature one day of training and two days of plenary sessions. More information can be found here. Register here. 5 competitive strategies for facing the …

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