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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Deloitte expects synthetic identity fraud to generate losses of at least $23 billion by 2030. But here’s where it gets interesting: as threats evolve, so too does the technology used to fight them. We’re proud to stand with you, and we’re committed to providing the tools and technology you need to stay one step ahead of the threats.

Security 221
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Introducing Quantum Computing

Perficient

Quantum computing is one of the hottest technologies in the world right now, but it also considered an extremely complicated field because the quantum concepts involved aren’t easy to understand. However, there is a physical limit to this technology. The development of quantum computers could affect data security.

System 505
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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products. It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. .

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Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. We should not deify artificial intelligence as it could go wrong just like any other technology,” Gang said. The Chinese AI industry would be worth $143 Billion by 2030.

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UN Rule Mandates Connected Cars Be Secured Against Cyberattacks

PYMNTS

billion in 2030, WSJ reported. and Texas-based lobbying group Global Semiconductor Alliance , which works with semiconductor and technology companies. Cybersecurity spending in the auto industry is set to almost double in the next decade, from $4.9 billion this year to $9.7

Security 146
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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

By 2030 , 20% of the U.S. Older adults are frequently targeted by various scams that exploit their trust, unfamiliarity with technology, and, sometimes, their social isolation. population will be 65 or older, controlling a large share of the countrys wealth.

Fraud 195
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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments. Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”.