Shares in Robinhood have taken a dip after the retail stockbroking platform revealed that five million customer e-mail addresses were lifted from its servers during a social engineering hack.
The rapid shift to digital by established banks in Apac is outpacing their capacity to adequately protect themselves from emergent cyber threats, according to analysis by the Financial Services Information Sharing and Analysis Center (FS-Isac).
Standard Chartered's SV Ventures arm is launching a fintech that helps firms in regulated industries build run and deploy business applications in the cloud.
BNY Mellon has launched an ISO 20022 Hub to help clients and other financial institutions to manage the transtion to the new payment standard.
Revisions to the 3DS security protocol have helped drive down e-commerce fraud by 36% in the past 12 months, despite a significant uptick in online shopping, according to an analysis by LexiNexis Risk Solutions.
Source: FATF
The virtual asset sector is fast-moving and technologically dynamic, which means continued monitoring and engagement between the public and private sectors is necessary.
Source: Beyond Encryption
Mailock, Beyond Encryption’s (BE) market leading email security system, has been selected by HSBC Security Services as part of a digital solution provided by Paragon Customer Communications to assist HSBC in building enhanced digital relationships with their customers.
Source: Fintech Saudi
Over the last 12 months, the fintech industry in Saudi Arabia has continued to grow at a rapid pace as stated in the recent Fintech Saudi Annual Report 2020/2021. The number of Saudi fintech companies operating in the Kingdom rose dramatically by 37% with an investment amount exceeding SAR 1.3bn (USD 347m).
