TEL AVIV (Reuters) – ABN AMRO’s Digital Impact Fund said on Wednesday it has taken a stake in ThetaRay, an Israeli provider of big data analytics to combat financial cybercrime and operational [...]
The Business Intelligence Group today announced the winners of the 2019 Fortress Cyber Security Awards. The business award program sought to identify and reward the world’s leading companies and products that are working to keep our data and electronic assets safe among a growing threat from [...]
ThetaRay, the leading provider of AI-based Big Data analytics, today announced the appointment of Steve Mann as Chief Marketing Officer. As CMO, he will focus on creating a differentiated and compelling brand, developing a high-return demand generation platform and redefining what it means to [...]
Money laundering accounts for up to 5% of global GDP – or $2tn (£1.5tn) – every year, says the United Nations Office on Drugs and Crime. So banks and law enforcement agencies are turning to artificial intelligence (AI) to help combat the growing problem. But will it [...]
Machine learning platforms are an important technology that businesses are turning to in their fight against fraud and money laundering. These systems represent the next generation of detection and mitigation and provide a way for businesses to harness one of their greatest assets—their customer [...]
What you don’t know can hurt you. And when you’re processing millions of transactions per day, what you don’t know probably is hurting you. That’s why using unsupervised machine learning techniques to create a fuller picture of real cybersecurity risks in the big data era is a big priority [...]
This research service provides an overview on Artificial Intelligence (AI) applications in the Asia-Pacific (APAC) market. It also includes an analysis of the different roles played by AI service providers and identifies the strategic imperatives for growth opportunities in this [...]
Five individuals that are well placed to know, identify that cyber threats will dominate execution and planning in 2019 in this article. This isn’t rocket science. PSD2 demands new privacy and protections, including compliance with Strong Customer Authentication, be put in place by September 13th [...]
Payment trends in 2019 are wide and varied, but cybersecurity is set to take the limelight. Douglas Blakey speaks to experts on how to foil the conniving cyber criminal over the next [...]
Financial institutions are learning the hard way what can happen when criminals get their hands on the latest technology. Gone are the days of robbing tellers at gunpoint; today’s sophisticated criminal networks and nation-states use machine learning and artificial intelligence to target [...]
WASHINGTON/NEW YORK(Thomson Reuters Regulatory Intelligence) – The U.S. Treasury Department’s anti-money laundering unit and the federal banking regulators issued a joint statement on Dec.3 to encourage banks and credit unions to consider “innovative approaches,” including new [...]
What will be the major digital threats of 2019? What should enterprises be most prepared to defend against? When designing their digital perimeter, what should enterprises keep in the front of their mind? How will the digital threats of 2019 fare against next-generation [...]
With what has the potential to accelerate and expand the use of emerging technologies—including artificial intelligence, machine learning, and robotic process automation—federal banking regulators and the Treasury Department’s Financial Crimes Enforcement Network have issued a joint [...]
Financial institution executives have long seen artificial intelligence as a way to better and more efficiently combat money laundering, but have faced a challenging in implementing it — skeptical [...]
ThetaRay CEO Mark Gazit appointed to the International Technology Advisory Panel of the Monetary Authority of [...]
Boston, October 23, 2018 – Given customers’ rapidly rising expectations for digital banking experiences to match the integrated experiences they receive in other industries, financial institutions are under pressure to deliver a customer-centric, mobile-first digital experience that starts upon [...]
On August 10, 2018, the FBI warned financial institutions of a global ATM cash-out scheme they believed would occur within the next few days. Despite this advanced warning and additional details shared—the cybercriminals were able to launch a seven-hour attack on August 11, cashing out $11.5 [...]
Startups remain a key resource for CIOs seeking an innovative edge. From AI to data analytics to cybersecurity, here are 10 startups looking to fulfill IT leaders’ most pressing digital [...]
As financial fraud in the UK evolves, so too does the financial industry, stepping up its efforts to tackle the issue with new technologies, such as biometrics and artificial intelligence. [...]