Security

Digital Risks Of Mobile Apps Are On The Rise

Recently, a security firm looked into the apps available on Google Play Store and the App store stated that over 85% of those apps violates at least one security risk. About half of these applications had insecure data storage or

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How to Adopt the Enhanced Version of 3-D Secure for Improved User Experience

Changing customer expectations, the ubiquity of mobile phones and an evolving regulatory landscape are rapidly making the 3D Secure (3DS) standard obsolete. To address customers’ demand for a frictionless e-commerce experience, market participants must adopt 3DS 2.0, experts say. What

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How Artificial Intelligence is Powering Asia’s Fraudtech Fight Against Financial Crime

Advances in technological fields including artificial intelligence (AI) and biometrics are providing new ways for financial institutions and startups to combat the surge in fraud and financial crime resulting from the rise of digital banking and fintech. With governments across

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Singapore’s EDBI Makes Strategic Investment in Vesta to Fuel Its APAC Expansion

Vesta, a fintech firm focused on fraud protection, has secured a strategic investment from EDBI, a corporate investment arm of the Singaporean Economic Development Board. This investment, along with a strategic alignment with EDBI, will accelerate the company’s momentum and

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MAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to regulate the financial services industry, notably in the fields cybersecurity and virtual assets, the regulator said on July 21.

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Facial Recognition Technology Rapidly Picking Up Steam with Banks and Fintechs

Advancement in biometric technology, including facial recognition, touch ID fingerprint sensors and voice recognition, is creating new opportunities for fintech innovators to streamline the customer experience. Facial recognition in particular is seeing rising adoption in Asia but also other parts

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eKYC Solution Provider Jumio Announces Record New Account Growth

Jumio, a renowned provider of AI-powered end-to-end identity verification and authentication solutions, today announced the biggest quarter for customer growth in the company’s history. Jumio says its growth was spurred by financial services and healthcare organizations which were forced to

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Why Fraud Detection is Imperative to Asia’s Digital Banking Revolution

In recent years, we have witnessed accelerated growth in Asia’s digital banking sector. More fintechs and newly licensed virtual banks are coming to market to address the unbanked segment, while traditional banks are transforming to manage costs and achieve operational

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5 Cybersecurity Startups Serving Fintechs and FSIs in Southeast Asia

Technology and digitalization are changing the way we spend, save and lend, and with more and more products and services being delivered online, cybersecurity and fraud have become a major area of concern for fintechs and the financial services industry.

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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach

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