Financial institutions stories - Page 13

A study by Synectics reveals that 75% of money mules remain undetected without continuous KYC and AML screening, presenting a major threat to banks.

Devexperts has appointed Ben Hurley as its new CEO, signalling a clear focus on innovation and growth as the company expands its market presence.

Ripple has unveiled RLUSD, a USD stablecoin for enterprises, launching it with key partners like Uphold and Bitstamp to ensure global access.

A report from fintech Neo reveals 95% of Payment Service Providers have faced account closures or restrictions, often without bank explanations.

Ripple has unveiled an update to its Custody platform, enhancing features for fintechs with improved security and real-time transaction monitoring.

A new report reveals that over 32% of financial institutions lack clarity in supplier management, increasing their risk amid tightening regulations.

Commvault and Pure Storage have launched a joint cyber readiness solution to help financial institutions meet the EU's DORA regulations by 2025.

Xalts and Avalanche are teaming up to revolutionise financial institutions with custom blockchain networks and RWA tokenization, launching in Turkey with Misyon Bank.

Mercedes-Benz's Acentrik wins the 2024 Isle of Man Innovation Challenge, promising secure global data sharing and innovation across various industries.

Richard Seiersen, Chief Risk Technology Officer at Qualys, is helping businesses master cybersecurity risk measurement and communication.

Pieter Danhieux, CEO of Secure Code Warrior, transformed his passion for cybersecurity into a global mission, reshaping secure coding for 600+ clients worldwide.

Only 20.8% of finance professionals have stressed exit plans with suppliers, despite DORA recommendations, highlighting a key vulnerability exposed by a recent CrowdStrike outage.

Group-IB and SecurityHQ form a global partnership to integrate advanced cybersecurity solutions, enhancing SecurityHQ's SOC operations and fraud protection services.

Kaspersky's 2024 forecast warns of heightened cyber dangers: AI-driven attacks, ransomware-as-a-service, and iOS vulnerabilities through Operation Triangulation.

Entrust's nShield 5 hardware security modules have earned FIPS 140-3 certification, ensuring rigorous data security for clients worldwide.

iManage reports a stellar year with 142 new customers including Linklaters, opening two data centres, and introducing AI-powered features and Microsoft integration.

Rich Data Co secures USD $9 million boost from Acorn Capital, elevating total Series B funding to USD $37 million. Funds to drive North America expansion.

QuantHouse partners with Quod Financial to supply low-latency data, enhancing AI-driven trading algorithms and real-time transaction cost analysis.

Bridewell research reveals 59% of financial services businesses have faced ransomware attacks in the past year, with legal fines and reputation damage as key repercussions.

Transmit Security's latest report reveals a surge in AI-driven fraud scams, highlighting dark web marketplaces and tools like FraudGPT that empower even novice fraudsters.