The year 2023 has seen a dramatic surge in cyberattacks specifically targeting the financial sector, marking a 53% increase compared to previous years. This alarming statistic is highlighted in the Threat Landscape Report by S21Sec, a comprehensive analysis focusing on global cybercrime trends
Regulatory Technology, or RegTech, is an emerging technology focused on solving the problem of regulatory compliance. In its early stages, RegTech is still considered a rapidly developing solution. It leverages machine learning, blockchain, AI, and various other enabling tech stacks to transform
As the upcoming presidential election approaches, the economic policies of the candidates are under scrutiny. With Joe Biden stepping down and Kamala Harris stepping in as the Democratic candidate, it's pertinent to understand how her economic strategies differ from those of Biden and what
The discovery of a powerful new Android Remote Access Trojan (RAT) named BingoMod has sounded alarms in the cybersecurity community. First identified by Italian cybersecurity firm Cleafy in May 2024, BingoMod represents a sophisticated threat, primarily designed for financial fraud and data
The financial technology landscape continues to evolve rapidly, driven by the demand for real-time, secure, and scalable payment solutions. In a significant move reflecting this trend, Temenos, a leading banking software provider, has partnered with Visa, a global giant in digital payments, to
Starting a new year often comes with a surge of enthusiasm for setting financial goals. The optimism and fresh start January brings can propel us to concoct lofty ambitions—saving for a dream vacation, paying off debt, or building a nest egg for retirement. However, as the year progresses, staying
Understanding the distinct financial habits and outlooks of Millennials (ages 28 to 43) and Generation Z (ages 12 to 27) is crucial for a nuanced perspective on personal finance. Influenced by their differing socio-economic contexts, these generations have developed unique approaches to money
Directive (EU) 2024/1654, recently adopted by the European Union, marks a significant step in enhancing cross-border law enforcement access to centralized bank account registries. By amending Directive (EU) 2019/1153, it aims to streamline the process of investigating illicit financial activities
The financial services industry is at the forefront of economic stability, dealing with a vast amount of sensitive data, including transaction records and personal client information. This unique position makes the sector an attractive target for cybercriminals. As cyber threats become increasingly
The rapidly evolving digital landscape has become a catalyst for a burgeoning partnership between traditional financial institutions and cutting-edge fintech firms. As banks grapple with the pace of innovation, many are finding that their survival hinges on embracing collaborations with technology
