A recent report from Thales, a leader in cybersecurity, titled “Economic Impact of API and Bot Attacks,” underscores the severe financial damages that insecure APIs and bot attacks inflict on businesses worldwide. According to data analyzed by the Marsh McLennan Cyber Risk Intelligence Center, over
The financial services industry is undergoing a transformation as artificial intelligence (AI) takes center stage in the detection and prevention of financial crimes. With financial fraud and money laundering on the rise, the role of financial institutions has expanded significantly to act as the
In today’s rapidly evolving digital financial landscape, combating fraud has become more critical than ever. With the increasing incidence of fraud—especially through digital channels—financial institutions and fintech companies are in dire need of sophisticated solutions to safeguard transactions.
The financial industry is currently experiencing unprecedented scrutiny as regulatory bodies enforce more stringent rules and impose heavier penalties. The total fines for global trading violations have already reached a staggering $800 million in the first half of this year alone, highlighting the
In a groundbreaking move, Flagright, a leader in AI-native compliance solutions, has entered into a strategic partnership with First Digital Trust (First Digital), a Hong Kong-based company specializing in multi-asset custodial, trust, payments, and stablecoin services. This collaboration is set to
The dramatic increase in digital financial transactions has also seen a rise in fraudulent activities, posing significant challenges to financial institutions worldwide. In response, Galileo Financial Technologies, a subsidiary of SoFi Technologies, has introduced two innovative products designed
