The Consumer Financial Protection Bureau (CFPB) has recently introduced a rule requiring financial institutions to share consumer data with third parties upon consumer request, a move that has triggered immediate backlash from the banking industry. This legal friction has culminated in a lawsuit
Tookitaki, a prominent player in the fintech space, recently celebrated its decade-long journey by securing a strategic investment from the True Global Ventures (TGV) Opportunity Fund. This significant funding comes at a crucial juncture, aiming to propel Tookitaki's expansion and innovation,
The New York State Department of Financial Services (DFS) has recently introduced new guidelines to strengthen cybersecurity measures against threats associated with artificial intelligence (AI). Superintendent Adrienne A. Harris emphasizes the dual nature of AI in cybersecurity, highlighting its
The fintech industry is a burgeoning sector that offers boundless innovation opportunities while simultaneously bringing forth significant regulatory challenges. Fintech companies must strike a delicate balance between pushing the boundaries of financial technology and adhering to stringent
In an era where technological advancements increasingly shape industries, financial institutions face a constant battle against sophisticated financial crime. Swift, a globally recognized network for cross-border payments, has taken transformative steps to address these evolving threats. By
Social engineering is on the rise and poses a formidable threat in the cybersecurity landscape. This evolving form of cyber attack no longer targets just technological vulnerabilities; it skillfully exploits human psychology, leading to a significant increase in cyber incidents. As cybercriminals
