Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Cybersecurity
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
eBook: How to detect the 7 types of document and identity fraud
Master the art of fraud detection with this free eBook from Onfido.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
DSK Bank fined for data breach affecting over 33,000 clients
The breach exposed full names, addresses, copies of ID cards, bank account numbers and property deed data.
PPI-type scandals could return warns banking regulator
“When things get desperate, banks tend to take more risk.”
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
ECB discovers data breach in bank newsletter
It is the second time in five years.
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
Monarch creates first recurring crypto payments system
The solution will enable the likes of Netflix and Hulu to accept crypto.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
Fraud fighting platform secures additional $2.5m funding
Eftsure will be expanding the product suite to cover international payment verification.
IIG Bank Malta live with Temenos T24 core and digital platform
It also took Temenos’ financial crime mitigation module.
Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
Almost half a million Monzo customers affected by data breach
The data leak allowed staff engineers access to PINs stored in encrypted log files.
Ipagoo enters administration
This was to protect the interests of Ipagoo’s customers.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
FCA provides clarity on current crypto-assets regulation
To ensure firms know if they are authorised and compliant.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Moody’s acquires fintech RiskFirst
The acquisition will boost Moody’s Analytics’ offering.
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Omni chooses TruNarrative to combat financial crime
The POS consumer credit company was seeking a future-proof solution.
Let’s work together
Bank-fintech collaboration should take priority on this year’s Sibos agenda.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
Borgun adopts TruNarrative MLM platform
The solution will reduce onboarding time for new clients.
RHB targets card fraud with automatically refreshed CVV codes
New codes are displayed on mini-screens on the back of the cards.
The Win 10 Rush: How financial institutions can beat the clock to upgrade their PCs
Kevin Flaherty, CEO at BLM Tech reveals the key to carrying off large-scale IT projects.
F-Secure Countercept wins €2m deal
The deal enables it to defend a major European enterprise customer.
