Resistant AI, an AI and Machine Learning financial crime prevention specialist, has announced that Habito, an online mortgage broker and lender, has reported a 30% increase in mortgage fraud detection following the implementation of its Document Forensics...

Recorded Future, the intelligence company, has announced the expansion of its Intelligence Cloud with Payment Fraud Intelligence, a single source of truth for identifying, mitigating and preventing payment fraud. Payment Fraud Intelligence enables those...

According to data from Finnovista, Colombia is the third largest ecosystem of FinTechs in the region, behind only Mexico and Brazil. The increase in FinTechs of different verticals is due, among other reasons, to the good numbers presented by the Colombian...

ICTS Protiviti, a consulting firm specializing in governance, risk and compliance, is expanding its ecosystem of anti-fraud solutions for e-commerce by joining forces with Riskified, a fraud management platform used by global retailers. The use of...

SAS has been named a leader in anti-money laundering solutions by Forrester. The Forrester Wave: Anti-Money-Laundering Solutions, Q3 2022 evaluates the industry’s 15 most significant anti-money laundering (AML) technology providers, assessing and ranking them b...

The Nokia 2021 Threat Intelligence Report has revealed that banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit...

Security leaders will be familiar with the term ‘Zero Trust’ – an approach crucial as vulnerabilities and attacks are becoming more damaging to organisations. Hila Meller, BT Vice President Security, Americas, EMEA and APAC, discusses some...

Saket Modi, Co-Founder and CEO at Safe Security, describes how cybersecurity in the banking sector has now come into sharp focus. He says: “However, the fundamentals of how cybersecurity is approached are still unclear, which is why we still see businesses s...

Since the pandemic, the number of cyberattacks in the UAE and the region has seen a substantial increase, as organisations have been forced to an immediate remote working scenario. As part of efforts targeting the cyber security of the financial sector, the...

Blockchain is a type of distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A Blockchain functions as a decentralised database that is managed by computers belonging to a peer-to-peer (P2P) network. Industry experts...

A UK government committee has warned that regulators must act to reduce an increased amount of IT failures in the financial services sector. The number of incidents has been deemed ‘unacceptable’ by the Treasury Committee. With online banking so...