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Banking & Finance

Moving away from passwords in the era of technology

Kemi Okusanya, Vice President, Visa West Africa, whose responsibilities cover Ghana, tells Intelligent CIO that there is a drift away from legacy authentication methods like passwords, that need to be typed towards multi-factor authentication systems. The outbreak of the COVID-19 pandemic has led many people to fall back extensively on digital infrastructure – be it […]

Warba Bank digitises online banking and enhances customer experience with Nutanix

Kuwaiti FSI leader targets mobile computing and financial services governance in bold Digital Transformation programme. Nutanix, a leader in enterprise cloud computing, has announced that Kuwait’s Warba Bank has digitally transformed its financial services and mobile banking using the power of Nutanix’s hyper-converged infrastructure platform. Warba Bank was established in 2010 and currently runs 14 […]

Cairo Amman Bank adopts Aruba technology to enhance performance and security

Cairo Amman Bank adopts Aruba technology to enhance performance and security of all digital services including Internet and mobile banking. Cairo Amman Bank (CAB) is a public limited company located in Jordan, Palestine and Bahrain. Ever since its establishment in 1960, the bank has been providing an inclusive range of services and successful banking solutions […]

Experts discuss how business leaders have adapted security budgets to manage operations

Gartner has forecasted worldwide security and risk management spending growth to slow but remain positive in 2020. Worldwide spending on information security and risk management technology and services will continue to grow through 2020, although at a lower rate than previously forecast, according to Gartner. Information security spending is expected to grow 2.4% to reach […]

FinTech regulatory framework crucial to combat financial crime

A leading figure from Standard Chartered says a robust FinTech regulatory framework is crucial to Africa’s financial prospects. Emmanuel DeGroote, Regional Head of Compliance, Africa and Middle East, for Standard Chartered, has argued that a sweeping transformation in the African financial sector has resulted in this need. “As with any technological advancement, the prospects of […]

Britons embrace biometrics but over half will abandon applications if not fully digital

Since the start of the COVID-19 outbreak, much focus and value has been put on contactless and online interactions – particularly in the financial sector. New research commissioned by global analytics software provider, FICO, conducted just before the pandemic took hold, shows that online interactions were already very much par for the course among UK […]

Financial services companies lack trusted data to make security decisions

Senior security leaders within financial services companies are challenged by a lack of trusted data to make effective security decisions and reduce their risk from cyberthreats, according to Panaseer’s 2020 Financial Services Security Metrics report. Results from a global external survey of over 400 security leaders that work in large financial services companies reveal concerns […]

Is the growth of cybersecurity insurance behind the recent resurgence in ransomware?

Unfortunately for business leaders, ransomware is an ever-growing security issue. Jan van Vliet, VP EMEA, Digital Guardian, considers whether an intended solution to cybercrime has inadvertently contributed to a large part of the ransomware problem. Ransomware has been an ever-present threat to businesses of all shapes and sizes for almost two decades. While it was […]

XDS launches web-based facial recognition customer on-boarding solution

Xpert Decision Systems (XDS), the largest locally owned credit information bureau in South Africa, has launched a new automated facial biometric solution. This web-based solution will enable its clients to remotely and securely verify the identity of an individual in real-time, which is likely to reduce associated risks of third party fraud. Vic Esterhuizen, Executive: […]

Banking malware targets corporate users in Egypt

Research from Kaspersky into the financial threat landscape has found Egypt to be the most targeted country by cybercriminals. In 2019, 773,943 users of Kaspersky solutions were attacked by banking trojans. Of those users, more than a third (35.1%) were in the corporate sector. Although the Middle Eastern corporate sector was affected too, Egypt was […]

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