Remove Data Security Remove Privacy Remove Regulatory Compliance
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Taishin Bank and OneDegree Global Team Up for AI Compliance and Cybersecurity Initiative

The Fintech Times

The collaboration aims to validate Taishin Bank’s AI system – Taishin Brain – ensuring compliance with the Taiwan Financial Supervisory Commission’s (FSC) guidelines for the use of artificial intelligence in the financial industry.

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Shaping the Future of Finance Through Open Banking

The Fintech Times

This debate has become more complex and nuanced in the context of open finance, where aligning technology investments with key objectives such as regulatory compliance, secure data management, and enhancing customer interactions takes precedence.

Finance 115
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Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal

Open Banking Excellence

Importantly, we sought to discover if the Open API technology would be able to provide easy, seamless integration of information to the customers while remaining secure and compliant with current regulations. As well, we sought to determine what regulatory changes might be required to balance data security with free flow of information.

API 147
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Indonesia’s Booming Digital Payments Drive Demand for Robust Mobile App Security

Fintech News

Guarding the Vault: Securing Financial Institutions Apps Financial data is the essence of the digital realm, and for financial Institutions such as banking and FinTech applications hold the keys. Securing these apps goes beyond basic measures.

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The Evolution of Insurtech and its Impact on Traditional Insurance Models

Fintech Review

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Additionally, the integration process involves ensuring data interoperability and security, which can be complex and time-consuming. Employees accustomed to traditional methods may resist adopting new processes and tools.

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The Role of Generative AI in the Banking Industry: A Call for Cautious Exploration

Fi911

Navigating the Path Ahead with Caution Banks bear significant overhead costs managing infrastructure, regulatory compliance, and customer service. Industry commitment to data security and privacy must be unwavering, as mishandling customer data can result in severe legal consequences and erode customer trust.

AI 94
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Gen Z is leading adoption of new payments. Here’s how BNPL is being affected.

Tearsheet

Additionally, the conversation touches on important considerations such as data security, implementation challenges for businesses adopting new payment technologies, and potential future developments in the field. Security: These payment solutions come with strong security features like advanced encryption and authentication.

BNPL 105