Security News

CBA’s x15ventures Set to Lead in Fintech AI Innovation
2024-08-14 20:22

CBA's x15ventures is transforming fintech AI with its Xccelerate program, boosting innovation and setting new industry benchmarks in AI technology.

10 fintech companies to watch in 2024
2024-07-23 04:00

Here's our list of 10 companies with big plans. AI helps companies transform their end-to-end compliance process management through artificial intelligence by making legal information from various issuers digitally accessible and automating the evaluation of regulatory impacts on companies in highly regulated sectors.

North Korean Hackers Target Brazilian Fintech with Sophisticated Phishing Tactics
2024-06-14 06:45

Threat actors linked to North Korea have accounted for one-third of all the phishing activity targeting Brazil since 2020, as the country's emergence as an influential power has drawn the...

The challenges of GenAI in fintech
2024-05-20 05:00

Public fintech organizations are among those already struggling with the SEC's reporting requirements, and GenAI adds a new layer or uncertainty. Fintech is just one of many industries wondering how to best approach GenAI use.

Global fintech firm EquiLend offline after recent cyberattack
2024-01-24 16:36

New York-based global financial technology firm EquiLend says its operations have been disrupted after some systems were taken offline in a Monday cyberattack."On January 22, 2024, EquiLend identified a technical issue that placed portions of our systems offline," an EquiLend spokesperson told BleepingComputer today.

Orbit Chain loses $86 million in the last fintech hack of 2023
2024-01-02 19:46

Orbit Chain has experienced a security breach that has resulted in a loss of $86 million in cryptocurrency, particularly Ether, Dai, Tether, and USD Coin. Orbit Chain is a blockchain platform designed to function as a multi-asset hub, supporting interoperability between various blockchains, decentralized applications, and services.

Rising fintech trends for 2024: From A2A payments to GenAI in banking
2023-12-26 04:00

The fintech market is undergoing a rapid shift, with the rise of new technologies, such as Open Finance, generative AI and A2A payments having a major impact on business models, according to Juniper Research. The fintech markets is moving into a phase where innovation for innovation's sake is no longer a viable strategy.

Strong compliance management is crucial for fintech-bank partnerships
2023-09-20 03:00

Bank-fintech partnerships continue to rise as financial institutions look to streamline operations, improve customer experiences, drive profitability, and manage risk and compliance efforts. The guidance promotes standardization for assessing third-party risk and describes sound risk management principles when developing and implementing third-party risk management practices.

SEC fines fintech crypto fund that promised 2,700% returns
2023-08-22 15:34

A New York fintech biz is set to pay $1 million in fines under a US Securities and Exchange Commission order that claims it advertised "Annualized" returns on Titan Crypto of up to 2,700 percent, a number based on a "Purely hypothetical account." Titan Global Capital Management provided investment strategies to clients and prospective clients solely through a mobile app, the SEC said.

Australian FinTech takes itself offline to deal with cyber incident that caused data leak
2023-03-21 03:58

Latitude Financial has blamed a supplier for leaking creds that caused vast PII leak Australian outfit Latitude Financial has taken itself offline, and even stopped serving customers, while it tries to clean up an attack on its systems. Latitude said the attack on the vendor exposed credentials of its staff, which were used to log on to two other service providers it uses for matter such as identity verification.