Financial services companies took 29 days to address a quarter of their vulnerabilities in coding, and 573 days to remediate all open vulnerabilities.

“We are seeing a real openness to open banking and a number of the banks have 20 or 30 collaborative Fintech projects on the go.”

Technology is advancing a lot quicker, and the incumbent banks need to be more up to speed but are held back by a lot of legacy systems.

“Financial organisations regularly handle sensitive, regulated data like home addresses, bank statements and Social Security numbers.”

Canstar general manager Jose George says every SME needs to be both flexible and responsive.

To limit the risk of being discovered, attackers operated outside of normal business hours and cashout operations were planned for weekends.

Asia/Pacific (excluding Japan) spending on blockchain solutions to reach US$2.1 billion in 2022, according to the latest IDC report.

If New Zealand and the UK collaborated on fintech projects, what kinds of challenges would we face and how could regulations shape our activities?

ThetaRay has won the 2018 Asian Banker Risk Management Award for ‘Regulatory Technology Implementation of the Year’ award this week.

The data center will support a cash distribution center that will be ready for business early next year.

Businesses that use the SWIFT network must comply with SWIFT’s Customer Security Programme (CSP) or face the risk of attacks.

Falsified SWIFT messages were used to attempt unauthorized fund transfers, which were blocked through a collaborative effort.

“As data centers generally consume large amounts of energy, we set ourselves a target – to obtain the highest Green Mark award from BCA."

Josie was created by ASB in partnership with New Zealand technology company FaceMe.

Finzsoft’s professional services team will move to Datacom, although customer contracts will remain with Finzsoft.

“PTCL’s customer-centric strategy coupled with its modern & reliable network is the first choice for enterprises to avail one-window ICT solutions.”

Blockchain is more than a buzzword thrown around in banking circles; it’s the future of distributed security.

They knew that Australian consumers were unhappy with credit cards and other debt facilities - especially millennials.

Apps provide an opportunity to streamline services and offer added convenience to users. App Annie’s Jaede Tan offers tips on how to flourish in the

"There are many creative social engineering exploits that will fool even the most cautious financial executive."

“The National Bank and ANZ brands and technology systems were successfully merged in 2012 and the business has grown significantly.”

The solution is run from the IBM Blockchain Platform on Hyperledger Fabric and was built in collaboration with Stellar.org.

In 2016 alone, approximately 15.4 million consumers were victims of identity theft or fraud, resulting in $16 billion in losses.

Over one-third of banking customers are “hidden defectors,” meaning they purchase products or services from a competitor of their primary bank.