What does technology mean for the post-Covid-19 banking sector?

Long gone are the days where it was necessary to enter a physical bank in order to handle and manage money. Recent technology has opened up a whole new world of opportunities in both retail and consumer banking. Yet the banking sector’s digital transformation is far from over. Numerous demographics have accessed financial services digitally for some time now. However, …

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Why technology and startups are key to accelerating sustainable banking practices

Sustainability has been evolving as an increasingly important issue in the banking industry for a long time now. As stakeholders called for increased importance on Environmental, Social and Governance issues, banks had begun incorporating ESG considerations into their risk management processes, purpose statements and investment decisions.  The importance of ESG considerations has been emphasized even more in wake of the …

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Criminals are getting better at spoofing banking services

Covid-19 continues to provide inspiration for cybercriminals and fraudsters looking to scam people out of their hard-earned money. A new report from cybersecurity firm Bitdefender claims that, with Covid-19 forcing people indoors, online shopping and banking is surging. Criminals are well aware of this fact and have started spoofing banking emails more frequently, looking to defraud consumers. In September, for …

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Password stealing and banking trojans have doubled in recent years

Trojans that steal passwords and banking information from their victims have been constantly on the rise for the past two years. According to fresh figures from AT&T’s Alien Labs Open Threat Exchange, the number of threats increased between Q3 2019 and Q3 2020 by 130 percent. A year before that – Q3 2018 to Q3 2019, the number of threats …

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