As enforcement of the European Union’s Digital Operational Resilience Act (DORA) looms on the horizon in January 2025, banks and their IT suppliers brace for an era of tougher cybersecurity and IT management standards. Passed last year, DORA mandates rigorous IT risk management protocols, digital
The transformation of digital wire transfers within the modern financial landscape represents a significant shift towards efficiency, security, and real-time processing. With the advent of new technologies such as APIs and the Federal Reserve's FedNow® Service, the way money moves between entities
The realm of cybersecurity is ever-evolving, with new threats emerging continuously. One of the most recent threats targeting Android devices is the Chameleon banking trojan. This malicious software poses as a harmless application, fooling users into installing it and subsequently compromising
Financial institutions are facing mounting pressure to innovate and modernize their systems without disrupting their operations. Addressing this challenge head-on, Zafin and 10x Banking have announced a strategic partnership focused on incremental modernization of core banking systems. This
In recent years, the banking industry has been witnessing a dramatic shift, driven largely by the rapid rise of FinTech companies. These financial technology firms have emerged as formidable challengers to traditional banks, leveraging their cutting-edge technology and customer-centric approach to
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
