Palo Alto Networks

MARCH 14, 2025

Financial Institutions Are Facing Growing Security Challenges Financial organisations face unprecedented cybersecurity challenges that threaten their operations, reputation and customer trust. Together, Palo Alto Networks and IBMs experts share their top cybersecurity considerations in a new, compelling vodcast series.

Technical Review 82

Technical Review Compliance Network Education 82

CIO

AUGUST 20, 2024

In modern business, cybersecurity is not merely a technical concern but a crucial financial safeguard. With cyber threats growing in sophistication and frequency, the financial implications of neglecting cybersecurity training are severe and multifaceted. The average cost of a data breach ballooned to $4.88

Training 183

Training Technical Review Education Compliance 183

TechCrunch

APRIL 1, 2021

Every tech vendor has to pass security muster with customers, typically a tedious activity involving answering long questionnaires. He knew firsthand from his experience at Kinvey that companies like his had to adhere to a lot of compliance standards, and the idea for the next company began to form in his head.

Compliance 229

Compliance Banking Metrics Cloud 229

CIO

JANUARY 6, 2025

Financial regulations exist to ensure stability and trust in global banking systems. However, even in a heavily regulated industry, banks and financial institutions worldwide routinely fail audits, often paying steep penalties amounting to billions of dollars.

Compliance 78

Compliance Meeting Guidelines Banking 78

TechCrunch

MARCH 7, 2023

Droit , a regulatory compliance platform used by finance heavyweights such as Wells Fargo, Goldman Sachs, and UBS, has raised $23 million in a Series B round of funding. And earlier this year, another London-based company called GSS secured $45 million to help banks screen for any sanctions that may have been imposed by governments.

Compliance 184

Compliance Banking Government Budget 184

CIO

SEPTEMBER 26, 2024

Cybersecurity and systemic risk are two sides of the same coin. Although it was not a security event, the symptoms and responses all fall into the various categories of the cybersecurity program for any company. Systemic risk and overall cybersecurity posture require board involvement and oversight.

Security 199

Security Report System Airlines 199

TechCrunch

JULY 29, 2022

As for Kompliant’s second co-founder, Brad Wiskirchen, he was chairman of the board at the Federal Reserve Bank of San Francisco and a member of the interdepartmental working group on finance and technology at the International Monetary Fund. ” Image Credits: Kompliant. . ” Image Credits: Kompliant.

Compliance 212

Compliance Company Banking Retail 212

CIO

DECEMBER 18, 2024

CIOs must tie resilience investments to tangible outcomes like data protection, regulatory compliance, and AI readiness. However, CIOs must still demonstrate measurable outcomes and communicate these imperatives to senior leadership to secure investment. To respond, CIOs are doubling down on organizational resilience.

Technical Review 158

Technical Review Software Review Weak Development Team Compliance 158

Tenable

FEBRUARY 14, 2025

Plus, Europol offers best practices for banks to adopt quantum-resistant cryptography. Meanwhile, an informal Tenable poll looks at cloud security challenges. government is urging software makers to adopt secure application-development practices that help prevent buffer overflow attacks. This week, the U.S.

Security 74

Security Banking Technical Review Software Review 74

CIO

MAY 22, 2024

In a world where digital threats loom large, cybersecurity leadership has become paramount. Recognizing the crucial role of cybersecurity leaders in safeguarding the nation’s digital infrastructure, the first edition of the CSO30 Awards recently took place in Dubai, showcasing the cream of the crop in the field.

Apparel 157

Apparel Banking Government Transportation 157

TechCrunch

OCTOBER 8, 2021

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

Technical Review 292

Technical Review Development Team Review Banking Fintech 292

CIO

SEPTEMBER 12, 2023

Over 100,00 organizations are expected to be impacted by Network and Information Security Directive (NIS2) cybersecurity standards that European Union (EU) member states must implement by October 2024. [i] This concept of least-privilege access is fundamental to Zero Trust Security practices.

Security 145

Security Compliance Network Fashion 145

TechCrunch

MAY 12, 2023

This creates increased regulatory scrutiny, with the risk of massive fines for non-compliance. Or, the UK’s Financial Conduct Authority fining GT Bank £7.8m Or, Solaris , the German Bank-as-a-Service (BaaS) provider slapped with a restriction to not onboard any future clients without government approval. for AML failures.

Fintech 246

Fintech Banking Compliance Enterprise 246

TechCrunch

AUGUST 29, 2022

However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. As such, banking-as-a-service platforms see an opportunity to provide more personalized services and flexibility at less cost.

Banking 232

Banking Fintech Compliance Infrastructure 232

CIO

AUGUST 22, 2022

Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .

Banking 196

Banking Mobile Authentication Cloud 196

CIO

DECEMBER 26, 2024

Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Overall, the banks digital channel perception CSAT improved from 63% in 2022 to 80% in 2024.

Banking 78

Banking Unified Communications Cloud Innovation 78

CIO

FEBRUARY 16, 2024

The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. So, as they leap into AI, banks must first ensure that their data is AI-ready. Generative AI, Innovation

Generative AI 198

Generative AI Banking Artificial Inteligence Malware 198

TechCrunch

JUNE 9, 2022

cybersecurity startup CybSafe , a “behavioral security” platform, raised a $7.9 This SaaS product with a per-user-based, subscription licensing model has a “behavior-led” platform that manages people-related security. In other words, it uses behavioral science and data analytics to help employees be more cybersecurity aware.

Culture 185

Culture Training Banking Metrics 185

CIO

NOVEMBER 14, 2024

Led by Pacetti, the company was able to reduce many variables in a complex system, like online sales and payments, data analysis, and cybersecurity. “We BPS also adopts proactive thinking, a risk-based framework for strategic alignment and compliance with business objectives.

Cloud 179

Cloud Technical Review Data B2C 179

TechCrunch

DECEMBER 1, 2022

Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining electronic communications, contravening federal securities laws. Keeping up.

Compliance 184

Compliance Banking Meeting Company 184

Hacker Earth Developers Blog

OCTOBER 4, 2018

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Benefits of Blockchain in banking. Greater security. Source: Banking on Blockchain. Intra-bank cross-border payments. Areas of impact.

Blockchain 208

Blockchain Banking Technical Review Technology 208

Tenable

NOVEMBER 4, 2024

Imagine a bustling bank, made not of bricks and mortar, but of a swirling mass of data in the cloud. Account numbers, transaction histories and personally identifiable information (PII) zip across servers, powering the financial world. Therefore, securing this sensitive information is paramount.

Cloud 66

Cloud Data Compliance Policies 66

CIO

FEBRUARY 5, 2024

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 179

Banking Artificial Inteligence Blockchain Scalability 179

TechCrunch

JANUARY 26, 2023

Prior to now, Hawk AI had raised $10 million , and with a fresh $17 million in the bank, the company said that it plans to bolster its product development and global expansion plans. Compliance officers need to have transparency over both.” And this is where Hawk AI is setting out its stall.

Banking 240

Banking Compliance Artificial Inteligence Machine Learning 240

CIO

JANUARY 5, 2025

Reliability and security is paramount. With AI now incorporated into this trail, automation can ensure compliance, trust and accuracy critical factors in any industry, but especially those working with highly sensitive data. Without the necessary guardrails and governance, AI can be harmful.

Enterprise 187

Enterprise Generative AI Weak Development Team Technical Review 187

CIO

SEPTEMBER 29, 2023

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. Regulatory compliance. In short, yes. But it’s an evolution.

Generative AI 200

Generative AI Banking Artificial Inteligence Organization 200

TechCrunch

APRIL 22, 2021

The Internet of Things has a security problem. The past decade has seen wave after wave of new internet-connected devices, from sensors through to webcams and smart home tech, often manufactured in bulk but with little — if any — consideration to security. Security veteran Window Snyder thinks there is a better way.

IoT 207

IoT Windows Technology Internet 207

TechCrunch

NOVEMBER 16, 2021

The pandemic has resulted in a shift in consumer behavior that now favors contactless and digital banking options, and with one in four U.S. It needs to be both effective and secure. As more and more retailers make this move, partnering and collaborating with fintechs can help them build, scale and secure their financial offerings.

Fintech 248

Fintech Retail Company Banking 248

Tenable

MARCH 7, 2025

Check out best practices for shoring up data security and reducing cyber risk. And get the latest on cyber scams; zero-day vulnerabilities; and critical infrastructure security. 1 - CSA: How to boost data security and reduce cyber risk Risk assessment gaps. Plus, get tips on how to improve job satisfaction among tech staff.

Security 68

Security Data Off-The-Shelf Infrastructure 68

TechCrunch

JANUARY 13, 2022

Over the past two years, since the pandemic hit, there has been a sharp rise in financial crime compliance costs, nearing $50 billion in 2021 , up 58% compared to 2019, in the U.S. It will also ramp up the development of its communication compliance platform. . and Canada.

Compliance 200

Compliance Artificial Intelligence Artificial Inteligence Banking 200

TechCrunch

MARCH 29, 2023

It’s been a particular challenge for the financial services industry, which has comparatively strict governance and compliance requirements. Securities and Exchange Commission (SEC) fined Wall Street banks, including Bank of America and Goldman Sachs, $1.8 In September, the U.S.

Compliance 200

Compliance Technical Review VOIP Banking 200

TechCrunch

MARCH 11, 2023

Excitingly, it’ll feature new stages with industry-specific programming tracks across climate, mobility, fintech, AI and machine learning, enterprise, privacy and security, and hardware and robotics. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it.

ChatGPT 234

ChatGPT Banking Enterprise Artificial Inteligence 234

CIO

JULY 20, 2023

Since then, automation has filled the gap in improving customer experience and security. Workflow automation and data analytics are streamlining document management, cross-checking data, assessing for risk, ensuring regulatory compliance, and so on. Security and privacy.

Technical Review 148

Technical Review Banking Innovation Technology 148

OTS Solutions

JUNE 21, 2023

However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.

Compliance 130

Compliance Enterprise Applications Software Review 130

CIO

FEBRUARY 11, 2025

Technology leaders in the financial services sector constantly struggle with the daily challenges of balancing cost, performance, and security the constant demand for high availability means that even a minor system outage could lead to significant financial and reputational losses.

Serverless 155

Serverless Architecture Microservices Scalability 155

Tenable

JANUARY 3, 2025

1 - CISA: How VIPs and everyone else can secure their mobile phone use In light of the hacking of major telecom companies by China-affiliated cyber spies, highly targeted people should adopt security best practices to protect their cell phone communications. Dive into six things that are top of mind for the week ending Jan.

Artificial Inteligence 116

Artificial Inteligence Banking Artificial Intelligence IoT 116

TechCrunch

MAY 8, 2023

and leader of the firm’s National Security Team, counsels clients in the technology/software industry on the full range of issues arising under economic sanctions and export control regulations. Western sanctions against Russia: Tips for tech companies managing compliance risk by Walter Thompson originally published on TechCrunch

Technical Review 221

Technical Review Compliance Software Review Company 221