In an era where cyber threats loom larger than ever, with impersonation-based attacks becoming increasingly sophisticated, a US-based cybersecurity startup has taken a significant step forward. 1Kosmos, specializing in identity verification and passwordless authentication, has successfully raised
In an era where financial scams are becoming increasingly sophisticated, a staggering number of consumers, particularly those in non-English-speaking communities, find themselves vulnerable to fraud due to language barriers and a lack of accessible information. Nacha's Payments Innovation Alliance,
In a sobering assessment that has sent ripples through the UK’s financial and security sectors, a recent report by the Royal United Services Institute (RUSI) has identified Authorized Push Payment (APP) fraud as a significant national security threat, highlighting its alarming growth in scale and
In a landscape where decentralized finance (DeFi) continues to reshape the financial sector with its promise of autonomy and innovation, a significant regulatory development has emerged from the U.S. Treasury. Under the leadership of Secretary Janet Yellen, a bold proposal has been introduced to
In a rapidly evolving financial landscape where decentralized finance (DeFi) platforms challenge traditional regulatory frameworks, the U.S. Treasury has taken a bold step toward integrating digital identity verification to bolster anti-money laundering (AML) efforts. Under the leadership of
Imagine a financial landscape where banks are caught in a tug-of-war between regulatory mandates and political pressures, unsure of how to balance fairness with operational realities, a situation that has become the current reality for many U.S. banks following a recent executive order signed on
