Most, if not all, financial institutions are exploring how the range of new and emerging technologies collectively known as artificial intelligence (AI) can improve their performance across a range of activities and processes.  AI offers methods and algorithms to solve various optimisation problems as efficiently as possible, that is, to close the loop in the system and achieve superior control of the phenomenon at hand. It is no wonder there continues to be keen interest in the field, despite the hype curve tailing off.

When companies are attacked, personal and financial customer information from payment card data is often the target. The Payment Card Industry Data Security Standard (PCI DSS) was designed to help protect payment data from the point of purchase and beyond.

OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Erste Bank Hungary, a subsidiary of Erste Group Bank AG, one of the leading banks in Central and Eastern Europe, has integrated OneSpan’s Mobile Security Suite into its banking app MobilBank. Erste Bank Hungary selected Mobile Security Suite to enable and protect online and mobile transactions and to comply with PSD2 requirements for authentication and dynamic linking.

 Forter, the leader in e-commerce fraud prevention, today announced the release of Forter Returns Abuse Protection.

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23% increase in global e-commerce transactions in the week following the World Health Organization declaring the novel coronavirus outbreak a pandemic on March 11th compared to the average weekly volume in 2020.

W2, the leading provider of real-time digital solutions for global regulatory compliance, has announced today its help to regulated industries faced with challenges during the continue Coronavirus outbreak.

W2 CEO, Warren Russell, today confirmed that: “While I am trying to avoid the use of the word ‘unprecedented’ as it is being thrown around a lot at the moment, it is true to say that we are in a world of unknown at present and not a single one of us will remain unaffected.

Tassat, a global provider of financial technologies and products for digital payments and digital exchange, has appointed institutional veteran, entrepreneur, and investor Krishna Prasad to be its new CEO. 

Revolut, the fast growing fintech with more than 10 million customers in the UK and Europe, has today launched its Financial Super App and debit card in the United States. Since hinting at a launch last year, Revolut has already attracted tens of thousands of U.S. customers.

COULD the coronavirus pandemic spark a financial crisis similar to that which was seen in 2008? Tim Kirby, Group Commercial Director of the global fintech Monevo, a personal lending marketplace and platform, discusses how Covid-19 could play out for lenders.

The 2008 financial crisis, explains Kirby, was about credit over-exposure. While strains are apparent in the money markets today, it is not 2008, when risky mortgage investments in the US banking sector and into the UK caused everything to collapse.

Eventus Systems, Inc., a multi-award winning global trade surveillance and market risk software platform provider, announced today that Roger Chandler has joined the firm in London as Senior Sales Engineer, Europe. The move builds on the company’s already successful position helping firms address UK and European exchange rules and regulatory requirements.