10 fintech companies to watch in 2024
The fintech market is experiencing a swift transformation driven by emerging technologies like Open Finance and GenAI, as highlighted by Juniper Research. This evolution is …
Fighting AI-powered synthetic ID fraud with AI
Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud …
The challenges of GenAI in fintech
Due to the cybersecurity disclosure rules the Securities and Exchange Commission (SEC) has adopted in 2023, public entities in the US are required to disclose any material …
Who owns customer identity?
When I’m talking with prospective clients, I like to ask: which department owns customer identity? Everyone immediately looks towards a different team. While every team …
Rising fintech trends for 2024: From A2A payments to GenAI in banking
The fintech market is undergoing a rapid shift, with the rise of new technologies, such as Open Finance, generative AI and A2A (Account-to-Account) payments having a major …
AI is transforming financial crime compliance
While 86% of compliance, operations, risk and IT professionals at banks and non-banking financial institutions (NBFIs) surveyed said they would increase spending on AI and ML …
Strong compliance management is crucial for fintech-bank partnerships
72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts. As …
Popular fintech apps expose valuable, exploitable secrets
92% of the most popular banking and financial services apps contain easy-to-extract secrets and vulnerabilities that can let attackers steal consumer data and finances, …
Open banking API security: Best practices to ensure a safe journey
More than 9 in 10 financial sectors accept that open banking is vital to their organization. The demand for fast, hassle-free, and personalized banking and financial services …
Threats targeting fintech companies are on the rise
In Q1 of 2022, fintech companies experienced 2.5 times more attacks than in the two previous years. The growing rate of cybercrime has added to the market unrest and …
Trust in fintech security has been wavering
In Q1 of 2022, fintech companies experienced 2.5 times more attacks than in the two previous years. The growing rate of cybercrime has added to the market unrest and …
Payment fraud attack rate across fintech ballooned 70% in 2021
Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network …