Technological innovations in financial services (fintech) are increasingly transforming the way financial services are provided. While fintech opens opportunities, it also comes with potential risks.
UK consumer electronics retail group Dixons Carphone has been fined £500,000 after hackers compromised its point-of-sale system and gained access to the details of 5.6 million payment cards.
Nine out of ten people say data privacy is important to them, according to a recent Mastercard-commissioned survey, yet only one-quarter say companies are doing a very good job handling individuals’ data.
AutoRek have released an industry report which takes a deep dive into the world of data management in financial services, alongside the various factors which have grown it into a board-level concern at many firms. The paper, Investing in the Automation Revolution, was released last week in conjunction with WBR Insights.
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector.
Hackers have stolen 7000 bitcoins worth $40 million in one transaction on crypto exchange Binance.
Binance announced this morning that it had discovered a "large scale security breach" involving the theft of user API keys, 2FA codes, and potentially other info, alongside the withdrawal of 7000 bitcoins.
AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, today announced that it has received ISO/IEC 27001:2013 certification (known as ISO 27001). The certification covers AxiomSL’s core software and ControllerView® flagship product, its system development, professional and client support services and company operations. It also covers AxiomSL’s cloud-based solutions, operations and client support.
Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.