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Banking & Finance

Saudi EXIM Bank chooses SAS technology for risk management improvement

SAS, a leader in analytics, has announced that Saudi Export-Import Bank (Saudi EXIM Bank) has chosen to use SAS technology to increase the governance and efficiency of its risk operations and reporting with model risk management solutions.  The Saudi EXIM Bank was established in 2020 to promote the export of Saudi non-oil products and boost its competency across economic sectors in the global markets. The bank provides financing services, guarantees and credit insurance with competitive advantages to enhance confidence in […]

Cloudflare has announced its DDoS attack trends for 2022 Q2 report

Cloudflare, the security, performance and reliability company helping to build a better Internet, has announced its 2022 Q2 DDoS report. This report includes insights and trends about the DDoS threat landscape – as observed across the global Cloudflare network. Q2 has witnessed some of the largest attacks the world has ever seen including a 26 […]

World API Summit unleashes the power of the Application Programming Interface

The inaugural edition of the World API Summit virtually convened ASEAN’s top API leaders and brought together 250+ IT decision makers, thought leaders, and API enthusiasts to unlock new revenue streams and drive business growth with APIs in the ASEAN region. Friday, 24 June 2022: The ASEAN edition of World API Summit which concluded on […]

SAS is a leader in anti-money laundering says research firm report

Global AI and analytics titan SAS has been named a leader in anti-money laundering solutions by Forrester. The Forrester Wave: Anti-Money-Laundering Solutions, Q3 2022 evaluates the industry’s 15 most significant anti-money laundering (AML) technology providers, assessing and ranking them based on 26 evaluation criteria. SAS Anti-Money Laundering attained the highest score of any evaluated vendor […]

Largest ransom pay-outs by cyber-insurers averaged £3.2 million in the past two years

Panaseer, an enterprise security company, has released its latest report on the state of the cyber-insurance industry. The survey of global insurers across the UK and US found that 82% are expecting the rise in premiums to continue, with 74% of insurers agreeing that their inability to accurately understand a customer’s security posture is impacting […]

Salt Security allows Berkshire Bank to accurately secure its growing API activity 

Salt Security, a leading API security company, has announced that Berkshire Bank, a leading socially responsible community bank with office locations in New England and New York, has selected the Salt Security API Protection Platform to secure its growing ecosystem of APIs. The Salt platform enables Berkshire Bank to reduce business risk by shielding itself, […]

FINOM selects Resistant AI’s Transaction Forensics to strengthen its money laundering defences

Resistant AI, the AI and Machine Learning financial crime prevention specialists, has announced that FINOM, the Netherlands-based B2B FinTech platform for small businesses and professionals, has selected Resistant AI Transactions Forensics to bolster its anti-money laundering measures. Resistant AI will overlay and enhance FINOM’s own transaction monitoring system to provide valuable context and uncover new […]

Meeting the hidden cost of strong customer authentication (SCA)

BioCatch, a global leader in behavioural biometrics, and Goode Intelligence have released a report highlighting the challenges and potential improvements of strong customer authentication (SCA) implementation across the EU. According to the European Banking Authority (EBA), fraud rates have fallen for issuers because of high SCA compliance adoption, with the average value of fraudulent card […]

Report identifies 600 mobile apps for banking and examines the risk of Trojans targeting them

Zimperium – a mobile security platform purpose-built for enterprise environments – has published new research detailing the increasing risk financial institutions and consumers worldwide face due to Trojan horse malware targeting mobile applications. This new report titled, Mobile Banking Heists: The Global Economic Threat, examines more than 600 financial apps – which account for more than 1 […]

How much is enough? How to build a targeted and sustainable cybersecurity budget

Ensuring cybersecurity investments align with the business’ goals is a key element of success, however, managing the two simultaneously can be extremely challenging. Kev Eley, Vice President Sales, Europe at LogRhythm, explores what the right amount of cybersecurity is in order to mitigate priority risks and offers his best practice advice for achieving a targeted […]

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