Banks should be cautious with use of AI in cybersecurity Cybersecurity technology is rapidly evolving and adapting to changing threats thanks to machine learning. However, AI is just one part of handling cyber threats, and financial institutions should be cautious about placing full reliance on it. Generative AI’s Potential Cyber Security Risks F5 Networks CEO… Continue reading
Yapily signs Volume as first VRP customer Open banking platform Yapily has launched its variable recurring payments (VRP) product and signed one-click payments platform Volume as it first customer. The Future of Banking – Panel discussion 30/09/2021 The financial sector is being disrupted. Traditional banks are investing in ambitious digital transformation projects and creating ‘super… Continue reading
Featurespace scores funding to develop money laundering AI prototype Featurespace has secured funding from UK and US governments to develop a prototype privacy-enhancing artificial intelligence system to help banks and payments service providers (PSPs) detect financial crime. AML/CTF: Trends, Developments and Enforcement Actions to Guide Companies in 2021 This webinar provides a comprehensive discussion of… Continue reading
SEB leaps onto Google Cloud Sweden's SEB is going all-in on Google Cloud, accelerating a shift that will bring a raft of new products to retail and corporate customers based on data, analytics, and AI. My Family Got Turned into Clown Zombies! Paxton gets new Bat-tech Batman toys but evil is taking over the rest… Continue reading
EDPB casts doubt over GDPR adequacy decision for the UK In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period. Controllers Processors in GDPR… Continue reading
Yapily appoints Payoneer's Noam Oren as CTO Open banking vendor Yapily has appointed seasoned tech industry veteran Noam Oren from Payoneer as chief technology officer. Pay It Forward – Noboru Okada, Founder and CEO @ Compasspoint Inc. To pay it forward in celebration of Micro-, Small and Medium-sized Enterprises Day, hear first-hand business advice and… Continue reading
UK fintech sector faces talent shortfall A Census of UK fintech firms by EY and Innovate Finance has found that the sector has continued to attract rising levels of investment despite global economic uncertainty, although major challenges lie ahead in talent recruitment and gender diversity. The big debate about the future of work, explained Why… Continue reading
Industry Spotlight – Real Time Intraday Liquidity Management This piece from Finextra, in association with Montran, shines a light on an increasingly dynamic industry focus- the importance of intraday liquidity management- and the benefits to banks who tackle this head on. Finextra interviewed Joost Bergen, Cash Dynamics, liquidity management specialist and industry speaker about a… Continue reading
Now available 'On-Demand': Sustainable Finance Live – Re-imagining Risk Modelling Please register above to view the on-demand sessions that took place. The Role of Early Warning, Anticipatory Action & Effective Communication for Resilience Building This event will explore what early warning, anticipatory actions and effective communication for resilience and adaptation look like in Eastern Africa,… Continue reading
DBS completes repo transaction on JPMorgan's Onyx DBS has become the first bank in Asia to conduct an intraday repo transaction on JPMorgan's blockchain network Onyx, using the US bank's JPM Coin digital token to complete instant settlements and maturity of the transactions within hours instead of the current industry norm of one to two… Continue reading