As the threat landscape continues to evolve rapidly, it now includes increasingly sophisticated, zero-day malware that traditional security approaches can no longer keep pace with. As a result, security researchers estimate that the cost of cybercrime will outpace security spend by over 16X, reaching $2.1 trillion by the end of 2019. Staying ahead of today’s accelerated cybercrime trends requires adding artificial intelligence (AI) to an organisation’s network security strategy.

The rise of artificial intelligence

This is the second in a three-part series of articles to help US asset and hedge fund managers answer their clients’ questions about the unbundling of payments for research and trading and understand what a best in class research management system looks like.

Norwegian bank Sbanken has selected Nets to support open banking with Nets Access to Account Services (NAAS) - a single platform that enables access to banks across the Nordics and Europe.

15 months after open banking launched in the UK, consumer understanding of what it means remains low. In January this year, research showed that just 9% of British adults had used open banking services, and less than a quarter (22%) had even heard of it. 

EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announced it will launch a new API streaming service on the EBS Quant Analytics platform (previously known as NEX Quant Analytics), the FX market’s largest and most comprehensive community-based analytics tool.  

FSS (Financial Software and Systems), a global digital payment and financial technology company, has launched FSS Secure3D, its new-generation adaptive authentication solution based on the EMVCo 3DS 2.0 protocol. This award-winning product is amongst the top 20 products globally, to be EMVCO 3DS 2.0 certified.

The acquired cybersecurity business unit is focused in hunting and detecting breaches and threats in their clients’ networks as a continuous managed service. This business and client relationships help Nixu to strengthen its market position as one of the largest cybersecurity service providers in the fragmented Swedish market. Nixu has earlier acquired three companies in Sweden since entering the Swedish market in 2016. The acquired cybersecurity operations reported about MEUR 1.6 in revenue in 2018 and are growing fast.

The Money 20/20 Asia conference takes place in Singapore on 19-21 March. The city-state has long hosted successful large scale conferences. Singapore has also long been recognised as a place where it is easy to establish and operate financial services and Information Technology (IT) businesses. 

Robocash Group announced the launch of sharia compliant service Penyaluran Dana Syariah (PDS), which is a sharia compliant funding facility. The service has been developed from the ground up in partnership with the financing company Reliance Finance and close consultation with Sharia Supervisory Board (Dewan Pengawas Syariah).

WeChat, one of the world's most popular mobile apps and social networks, brought home iF Gold Award for its smart retail innovation, Scan & Go. It is the first ever Chinese product to win gold in the iF Service Design category. Established in 1953, the German-based iF Design Award has always been known for its "Independent, Rigorous and Reliable" standards.