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

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88
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Cybertech: Securing the Foundations of Finance

Fintech Review

This is where cybertech comes in, the application of advanced cybersecurity technologies to protect digital finance. Cybertech sits at the intersection of cybersecurity and fintech. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring.

Finance 59
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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. The question is not if but how severe and far-reaching these new rules will be.

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

Why Traditional Defences Fall Short Historically, businesses have relied on layered security controls like encryption, firewalls, and access policies to protect payment information. Please read our Privacy Policy. That’s where the real risk lies. But these measures alone don’t eliminate the inherent risks of decentralised data.

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How to Secure API Integrations in Fintech Platforms

Fintech Weekly

Alternatively, if you’re building your own API, it’s easy to miss important cybersecurity steps while focusing on efficiency and interoperability. DevSecOps takes DevOps’s rapid iteration and frequent communication and brings cybersecurity professionals into the mix to ensure security by design.

API 78
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Future of Loan Management Systems: Predictions for the Next Decade, 2025-2035

M2P Fintech

Emphasis on Cybersecurity and Data Privacy Digital lending faces rising threats: data breaches from hacking, fraud via synthetic identities, account takeovers exploiting weak security , ransomware disrupting operations, and insider threats. over the forecast period of 2024 to 2032.

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Wollette to launch WollettePay for one-tap Open Banking

The Paypers

A2A payments made through WollettePay are authenticated using biometric verification and supported by tokenization and encryption measures. Privacy Policy Cookie Statement Terms and Conditions These are intended to secure transactions while removing some of the complexity associated with legacy payment infrastructure.