Open Banking has been active in the UK since the start of 2018, with consumers starting to realise the benefits of easier account aggregation and data sharing between banking apps. But take-up has been mixed across different areas of the industry and end-user concerns still remain around security and privacy.
Open Banking solutions provider Yolt Technology Services recently researched the topic, uncovering both business and customer attitudes to the API revolution. This podcast features a one-on-one interview with their chief business officer Leon Muis, digging into the survey findings to figure out the key challenges and opportunities within Open Banking.
Can you trust the CEO? - tackling the rise of authorised fraud
With everyone from the chief executive to the graduate recruit now working from home, there has been a significant spike in the instance of authorised fraud during the Coronavirus lockdown.
As staff are unable to go through the normal security checks, cyber criminals have been taking advantage of dispersed teams and playing people off one another with scam emails purporting to be from senior management.
This podcast features a discussion with NICE Actimize Fraud and Authentication Expert Robert Tharle on how to tackle this problem - and other cyber security threats caused by COVID-19.
Using machine learning to predict fraud
As financial fraud methods evolve, so must the techniques used to detect and defend against them - so as fraudsters automate their hacking, financial services firms are looking to artificial intelligence technology to protect customer data.
Machine learning is one of the most effective ways of combatting such crime, but many businesses don’t feel like they have the expertise to implement such solutions.
This podcast - with Galvanize Principal Product Manager Kevin Legere - looks at some of the ways non-data scientists can process raw data to spot anomalies and predict fraudulent transactions.
Money laundering risk in the time of Coronavirus
The Coronavirus has accelerated digital transformation across all financial services sectors, but none perhaps more so than those defending against money laundering.
As criminals look to take advantage of increasingly online consumers and disparate workforces, it has never been more important to get a holistic view of risk, with the technology to back that up.
This podcast features a chat with Adam McLaughlin, Head of Financial Crime Solutions for EMEA at NICE Actimize, about the methods firms are using to stay secure, maintain regulatory compliance and keep costs down.
RegTech and remote working
As many of the world’s companies are forced to embrace remote working, new challenges are being met in terms of building trust and developing partnerships virtually. When the task is implementing complex regulatory technology solutions, the problems of no face-to-face contact mean managing expectations and making decisions are all the more difficult.
But for many financial services firms, this is the reality. So this podcast discusses some of the ways to overcome these problems, using both automation and people skills. FStech editor Peter Walker spoke with Henry Balani, head of delivery for customer success and support at Encompass Corporation, to find out more.
Act like you’ve been hacked – a new approach to cyber security
As IT teams around the globe attempt to transition towards a new normal, the upheaval has created opportunities that cyber criminals have been eager to exploit. Many financial services firms are starting to think about how they will respond when, rather than if, a data breach occurs.
This podcast features a conversation between FStech editor Peter Walker and Viavi Solutions senior product manager Ward Cobleigh about making the best of existing systems to help save money during the looming recession, sharing tools across teams to enable more efficient threat detection, and how to communicate internally and externally when the worst happens.
Financial crime doesn't discriminate
How are financial services firms battling fraud and keeping up with new regulations, while continuing to innovate in the current landscape? This podcasts brings together a mix of experts to look at how technology can help with compliance as the threats, costs and competition continue to evolve.
The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.
This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.