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Finovate Global Pakistan: Profits in E-Commerce, Investment in Logistics, and Partnerships in Cybersecurity

Finovate

Founded in 2019 by Hisham Adamjee, Mishal Adamjee, Kasra Zunnaiyyer, and Ali Haji, Trukkr is digitizing and modernizing Pakistan’s logistics market—a market alued at more than $35 billion. This is the kind of local innovation we want to help grow, and it’s just the start of our work in Pakistan.”

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Cyber Threats Surge in India’s Financial Sector

Fintech News

Attack vectors across the banking, financial services and insurance industry operations, Source: Digital Threat Report 2024, CERT-In, CSIRT-Fin and SISA Phishing attacks surge In H1 2024, cybersecurity firm Kaspersky recorded more than 135,000 phishing attacks targeting Indias financial sector. billion) in 2024 alone.

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The Journey of Payments and Clearing Systems in India

Finextra

24x7x365 Availability (2019-2020): NEFT and RTGS were made available round the clock, further enhancing real-time payment capabilities. Bharat Bill Payment System (BBPS) (2016): Standardized and simplified bill payments across the country. UPI-PayNow with Singapore, now also active in UAE, France, Bhutan, Sri Lanka, Nepal, and Mauritius).

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

In 2019, 42% of employees across industries reported experiencing ethical issues resulting from AI use, including unfair or biased outcomes. According to IDVerse Senior Vice President and FC360 speaker Russ Cohn, Another critical consideration is the potential for algorithmic bias.

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Avoiding AI Pitfalls in Financial Decision-Making

The Fintech Times

. “When AI tells you what you want to hear, you tend to ‘forget’ or at least minimise the risks that come with automation dependence, whether they relate to cybersecurity or to the higher, compounding transferability of errors due to interconnected systems.

AI
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How to Prepare Your Bank for a Seamless Digital Payment System Shift

Finextra

Strengthening cybersecurity protocols Cyber threats are real. Your digital payment system must support automated compliance workflows. You also need strong audit trails, user verification, and data privacy controls. This builds trust with both customers and regulators. Don’t wait until it’s too late.

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Wallet wars: How digital payments are reshaping finance

The Payments Association

The rapid adoption of digital wallets has introduced a complex web of regulatory considerations, ranging from data privacy and cybersecurity to anti-money laundering (AML) compliance and cross-border transaction governance. For example, Goldman Sachs partnered with Apple for the Apple Card and savings account offering in 2019.