Westpac lastest bank to be accredited under CDR

Receives ACCC approval. Westpac Bank ACCC has approved Westpac as an Accredited Data Recipient under the Consumer Data Right. The Australian Government introduced Consumer Data Right (CDR) in Australia. CDR will give consumers greater access to and control over their data and will improve consumers’ ability to compare and switch between…

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Standard Chartered partners with FinLync to accelerate adoption of Bank’s API offerings

Will reduce onboarding time for corporates to connect to Bank’s APIs and achieve improved decision-making. FinLync, a global fintech company transforming corporate finance and treasury offices through its world-class products, and Standard Chartered, a leading international banking group, today announced their partnership to enable corporate treasury and finance teams to rapidly…

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Fraud prevention strategies are imperative amid rising eCommerce transactions

Online merchants must keep customers secure. eCommerce merchants can gain superior data efficacy and organizational visibility and optimize their customer experiences by partnering with an expert. Online spending is rising, with over 2 billion people buying products or services online. Frost & Sullivan found that eCommerce in the United States…

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Pandemic accelerated demand for and adoption of technology for public safety

Dr Chris Brauer University of London, identifies a new safety movement. The Consensus for Change report surveyed 12,000 citizens and interviewed 50 public safety agencies, commercial organisations and industry experts across 10 geographic markets (Australia, Germany, Italy, Malaysia, Nordics, Singapore, Spain, Taiwan, United Kingdom, United States). It analyses how the global…

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Enterprise security spending in South Korea to reach $US2B in 2025

Massive increase in the volume and magnitude of cyber-attacks. The total addressable market size of enterprise security in South Korea, in terms of spending opportunity, is poised to reach $US2bn in 2025 as the need to secure vital information assets against security breaches becomes crucial for enterprises shifting towards digital…

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Social media outage caused global disruption

Facebook disruption hurt Instagram and WhatsApp business users. Facebook has issued an apology for a global outage on the 4th of October 2021, that caused disruption to all the people and businesses around the world who depend on the social media site.  Santosh Janardhan VP Infrastructure at Facebook issued the statement offering apologies for “the…

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MAS and financial industry to use new digital platform to fight money laundering

New digital platform, named COSMIC. The Monetary Authority of Singapore (MAS) announced today that it will introduce a digital platform and enabling regulatory framework for financial institutions (FIs) to share with one another relevant information on customers and transactions to prevent money laundering (ML), terrorism financing (TF) and proliferation financing…

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Global VM market sees strong growth due to rise in cyber threats

Enterprises are becoming more vulnerable to cyber-attacks as they embrace digital transformation initiatives.  Enterprises are becoming more vulnerable to cyber-attacks due to an expanded attack surface resulting from multiple touchpoints through an open network and easy accessibility to databases and applications. The buoyant global vulnerability management (VM) market is expected…

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Banks, retailers, social media companies and telcos blamed for scam message explosion

Erosion of digital trust, with fed up consumers saying more needs to be done to protect their personal information. Consumers believe banks, retailers and mobile operators need to do more to protect them and their personal information from fraudsters. Trust in these organizations is eroding fast because consumers say they…

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