Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay ecosystem would be difficult to change. Due to their perceived insecurity and clumsiness, QR code payments were limited to developing nations. But a subtle revolution is taking place that is upending this presumption. Singapore is one example. Once...
24 June 2024 /security /payments Banking
Raktim Singh Senior Industry Principal at Infosys
Privacy Enhancing Technologies (PETs) are a suite of tools that can help maximize the use of data by reducing risks inherent to data use. These innovative solutions facilitate the handling, processing, and sharing of information while reducing the risk of exposing data. Need for Privacy-Enhancing Technologies In today's landscape marked by concerns...
22 June 2024 /security /regulation Technology for Social Good
Srinathprasanna Neelagiri Chettiyar Shanmugam Manager - Banking and Financial Services at Aspire Systems
Welcome back to my blog series on DORA regulation !!! In this blog, I will dive into the specific topic of Threat-Led Penetration Testing (TLPT). Key Players in the TLPT Ecosystem: Understanding the roles involved in TLPT is crucial. Here’s a quick rundown: Red Team: These are the attackers in the simulation, employing tactics, techniques, and pro...
11 June 2024 /security /regulation Banking Regulations
Aare Reintam Chief Operating Officer at CybExer Technologies
Cybersecurity threats have been a grim reality for the financial sector for a long time now. According to a recent report from the IMF, the industry has been hit by over 20,000 attacks, resulting in a $12bn loss over the last 20 years. Moreover, digitalisation has introduced new vulnerabilities and cyber risks to an already vulnerable sector. Whil...
10 June 2024 /security Information Security
Steve Bradford Senior Vice President EMEA at SailPoint
Financial services is one of the most regulated and well-resourced sectors when it comes to cybersecurity. Yet it’s also one of the biggest targets for increasingly sophisticated cybercrime, with hackers seeking its lucrative assets. In 2023, the number of ransomware attacks in the financial industry rose by nearly two thirds (64%), almost doubli...
07 June 2024 /security /identity Digital Bank Transformation
Vipin Kumar Sharma IT and Consulting Delivery Manager at Infosys Ltd
Swift and Global Banks Team Up to Combat Cross-Border Payment Fraud with AI Swift, the global financial messaging service, is partnering with leading banks on two AI-powered pilots to reduce fraud and streamline cross-border payments significantly. AI could help the payments industry save billions in fraud-related costs and remove friction from th...
03 June 2024 /security /payments SWIFT Matters
Taras Boyko Founder at BankBee
In the rapidly evolving landscape of financial technology, the convergence of innovative digital solutions and traditional financial services has presented unprecedented opportunities and challenges. Among the most critical challenges are cybersecurity and data protection, which have become key focal points for fintech companies, financial institu...
02 June 2024 /security Information Security
This is the first installment in my series of blogs exploring the dynamic world of operational resilience regulatory frameworks, with a special focus on DORA (Digital Operational Resilience Act) and TLPT (Threat Led Penetration Testing). In this blog, I have shared my observations while examining how regulatory changes in the UK, EU, and US are sha...
23 May 2024 /security /regulation DORA AND TLPT
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Digital threats top the agenda for every Chief Information Officer (CIO), especially in the Financial Services industry, where the consequences of breaches can be catastrophic. As financial services increasingly rely on IT tools and systems, any digital disruption can have profound impacts not only on the institution itself but on the broader econ...
21 May 2024 /security /crime Banking Regulations
Martin Bradbury Regional Director, Financial Services UK&I at Dynatrace
Financial services providers are essential for the modern world, supplying the systems critical to the flow of business. Ensuring these systems are resilient and available 24/7 is vital to upholding customer trust, driving business continuity, and maintaining regulatory compliance. The Digital Operational Resilience Act (DORA), a European Union (...
20 May 2024 /security /regulation Banking Regulations
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