Category: Security
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Iran’s sanctions-avoiding efforts involve two UK banks
Iran’s Sanctions-Avoiding Efforts Involve Two UK Banks Amidst ongoing international sanctions, Iran has been engaging in extensive efforts to circumvent them. Two major UK banks, namely Barclays and HSBC, have recently come under scrutiny for their potential involvement in Iran’s endeavors to avoid sanctions imposed by Western countries. Sanctions, both economic and political, have long…
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Acronis enters MISA
Acronis Enters MISA Acronis, a leading global provider of cyber protection solutions, has recently joined the Microsoft Intelligent Security Association (MISA) – an elite group of security technology companies. MISA is a collaborative initiative aimed at integrating various security products and services with Microsoft solutions to combat cyber threats. With this strategic move, Acronis reinforces…
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Canada TD Bank to receive USD 7.4 million penalty for faulty policies
Canada TD Bank to Receive USD 7.4 Million Penalty for Faulty Policies Published on: July 15, 2022 In a recent development, Canada’s TD Bank is set to receive a hefty penalty of USD 7.4 million due to its faulty policies. This penalty comes as a result of a thorough investigation carried out by the regulatory…
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Mastercard joins generative AI race in fraud prevention
In recent years, the rise of artificial intelligence (AI) has transformed various industries, helping businesses automate processes, improve decision-making, and enhance overall efficiency. In the financial sector, AI has played a pivotal role in fraud prevention, detecting and mitigating potential risks for both consumers and organizations. Recognizing the importance of AI-driven strategies, global payment technology…
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Amadeus acquires Vision-Box
Amadeus Acquires Vision-Box: Revolutionizing the Travel Experience Amadeus, a global leader in providing advanced technology solutions to the travel industry, has recently announced its acquisition of Vision-Box, a renowned provider of biometric-based identity management and seamless travel solutions. This strategic move is set to revolutionize the travel experience by enhancing security, simplifying processes, and providing…
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Plumery partners with Sumsub
Plumery, the leading digital marketplace for handmade and unique plum products, is thrilled to announce a strategic partnership with Sumsub, a global expert in identity verification and compliance solutions. This partnership aims to enhance the security and trust within Plumery’s platform, providing a seamless and secure experience for both sellers and buyers. Improving Digital Trust…
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Research: young people to fall victim for APP fraud
Research: Young People Falling Victim to APP Fraud Introduction According to recent research conducted by cybersecurity experts, young people are increasingly becoming victims of APP fraud. As the utilization of mobile applications continues to rise among today’s youth, criminals have identified new avenues to exploit unsuspecting individuals. The research sheds light on the alarming trend…
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MX partners with Jack Henry for secure data sharing
MX, a leading provider of financial data solutions, has announced a strategic partnership with Jack Henry, a leading technology solutions provider for the financial industry. This partnership aims to enhance the security and efficiency of data sharing between financial institutions and their customers. In today’s interconnected world, the need for secure data sharing has become…
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Centralis Group partners with Fenergo
The Centralis Group, a leading financial services technology consultancy, is thrilled to announce its strategic partnership with Fenergo, a global provider of client lifecycle management (CLM) and Know Your Customer (KYC) solutions. This partnership brings together the expertise of Centralis Group in helping financial institutions implement successful technology transformations with Fenergo’s cutting-edge CLM and KYC…
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SDK.finance integrates with ComplyAdvantage
SDK.finance, a leading provider of core banking technology solutions, has recently announced its integration with ComplyAdvantage, a global leader in providing anti-money laundering (AML) solutions. This collaboration aims to enhance compliance capabilities within financial institutions by leveraging the combined expertise of both companies. Streamlining Compliance Processes By integrating ComplyAdvantage’s powerful AML screening and risk management…
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IDVerse partners with GeoComply
IDVerse Partners with GeoComply IDVerse and GeoComply logos IDVerse, a leading provider of secure identification solutions, has recently announced its partnership with GeoComply, a global leader in geolocation compliance solutions. This strategic collaboration aims to enhance the security and reliability of online identity verification processes for businesses around the world. In an era where digital…
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Reap partners with Chainalysis for compliance and risk management
In a move to enhance its compliance efforts, Reap, a leading fintech company, has partnered with Chainalysis, the cryptocurrency blockchain analysis firm. The collaboration aims to strengthen Reap’s compliance and risk management capabilities, particularly in dealing with the emerging challenges related to cryptocurrency transactions. As the popularity of cryptocurrencies continues to rise, financial institutions and…
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TrueLayer’s Signup+ accelerates onboarding for Tiger Brokers
In an effort to streamline and enhance the onboarding experience, TrueLayer has partnered with Tiger Brokers to introduce Signup+ as part of their customer acquisition process. Tiger Brokers is a leading online stock brokerage firm, offering a range of financial services to both retail and institutional clients. With their commitment to providing seamless digital experiences,…
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Themis launches its services in Saudi Arabia
Themis, a leading global legal consulting firm, is thrilled to announce the launch of its wide range of services in Saudi Arabia. With this expansion, Themis aims to meet the growing demand for legal expertise in the Kingdom and contribute to the development of the legal sector in the region. Known for its unwavering commitment…
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AccessPay launches Confirmation of Payee and Sanctions Screening
AccessPay, a leading provider of secure corporate payment and cash management solutions, has announced the introduction of two important features, Confirmation of Payee and Sanctions Screening, to their comprehensive platform. Confirmation of Payee is a new security measure implemented by AccessPay to help protect businesses and individuals from fraud and errors. This feature ensures that…
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Kurdistan International Islamic Bank adopts Azentio’s iMAL software
Kurdistan International Islamic Bank Adopts Azentio’s iMAL Software The Kurdistan International Islamic Bank (KIIB) has recently announced its adoption of Azentio’s iMAL software, a cutting-edge banking solution, to revolutionize its digital banking services. With the aim of delivering seamless and efficient banking experiences to its customers, KIIB believes that this software implementation will significantly enhance…
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TransUnion launches Dark Web Monitoring service
Enhancing Security with Dark Web Monitoring TransUnion, one of the leading global information and insights companies, has recently rolled out its revolutionary Dark Web Monitoring service, aiming to provide individuals and businesses with an extra layer of protection against identity theft and cybercrime. “Our Dark Web Monitoring service allows us to proactively monitor and identify…
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Federal Reserve FS launches ACH risk management service
Published by YourName on June 1, 2022 The Federal Reserve Financial Services (FRFS) has recently introduced an innovative Automated Clearing House (ACH) risk management service to enhance the security and efficiency of electronic transactions. This new service provides financial institutions with advanced tools to mitigate risks associated with ACH payment processing. Ensuring Secure Electronic Transactions…
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Exeter Finance taps Socure for identity verification
In an effort to enhance its identity verification processes, Exeter Finance has announced its collaboration with Socure, a leading provider of digital identity verification solutions. Exeter Finance, a trusted name in the auto finance industry, is constantly striving to ensure the security and reliability of its operations. By partnering with Socure, they aim to leverage…
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1Kosmos launches BlockID 1Key solution
1Kosmos, a leading provider of passwordless, blockchain-based authentication, has officially launched their latest groundbreaking solution – BlockID 1Key. This state-of-the-art authentication platform revolutionizes the way individuals and enterprises secure their digital identities in today’s increasingly interconnected world. The Era of Passwordless Authentication Passwords have long been a significant vulnerability in data security. Weak passwords, reused…