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As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

Exploring what firms must do, Nick Campbell , chief product officer of payments at Clearent by Xplor Technologies , the SaaS and embedded finance platform, said: “While AI is an incredibly helpful tool for combating fraud, it is also an immensely powerful tool for committing fraud too. A top concern is liability for AI errors.

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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. FIs are also encouraged to explore other quantum security solutions, including QKD, as part of their risk management strategies.

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Real-time P2P seems risky, but the security is solid

Payments Source

There are lots of layers technology risk-mitigation features, and in addition, network level mitigation is provided as well, writes Robb Gaynor, chief product officer at Malauzai.

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Mastercard Launches Cyber Resilience Center in Saudi Arabia

Fintech Finance

Riyad Bank has joined as the first partner and will collaborate with Mastercard on training programs, risk evaluations, and the adoption of global cybersecurity standards. The launch of the Cyber Resilience Center in Riyadh reflects Mastercard’s commitment to staying ahead of emerging risks and helping our partners do the same.

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