by chung chinyi | Jan 7, 2025 | Uncategorized
On Monday, Regions Bank made an exciting announcement regarding its future in open banking. The bank has chosen to partner with Axway, a prominent data integration firm, leveraging its Amplify Open Banking solution to enhance services for customers across various...
by chung chinyi | Jan 6, 2025 | Uncategorized
In the complex landscape of financial security, grasping the methods banks use to probe unauthorised transactions is vital for both individuals and businesses alike. With the rise of digital banking, the threat of fraud has similarly escalated, underscoring the need...
by chung chinyi | Jan 6, 2025 | Uncategorized
In the realm of online banking, consumers are increasingly finding themselves confronted with a seemingly endless series of questions during their transactions. This trend is intentional; financial institutions are adopting extensive step-up authentication methods...
by chung chinyi | Jan 5, 2025 | Uncategorized
In a recent incident in the UK, the engineering firm Arup fell victim to a sophisticated scam that resulted in a staggering loss of $25 million. The fraudsters executed their plan during a video conference held in Hong Kong, where they employed advanced deepfake...
by chung chinyi | Jan 5, 2025 | Uncategorized
The year 2025 marks a significant turning point for the banking industry as it undergoes a profound transformation fueled by cutting-edge technologies such as artificial intelligence and cloud computing. This shift is not merely a response to evolving customer...
by chung chinyi | Jan 5, 2025 | Uncategorized
A recent piece in the New York Times left many readers reeling from the unsettling revelation of just how swiftly a stolen passcode can devastate one’s digital and financial existence. While the article focused on iPhones, it made it clear that Android users...
by chung chinyi | Jan 4, 2025 | Uncategorized
Online banking has been a part of our financial landscape for several years now, evolving significantly since its inception. At first, many people viewed it with scepticism, unsure about the safety and security of managing their money online. However, over time, this...
by chung chinyi | Jan 4, 2025 | Uncategorized
The Federal Trade Commission (FTC) reported that in 2023, consumers lost more than $10 billion to fraud. Additionally, a YouGov survey revealed that more than a quarter of American adults have been victims of bank or credit account fraud. As daunting as these numbers...
by chung chinyi | Jan 4, 2025 | Uncategorized
As we embrace the conveniences offered by online banking and the myriad of digital financial tools at our disposal, it becomes increasingly crucial to prioritise security and safeguard our bank accounts against potential fraud. The landscape of cybercrime is evolving...
by chung chinyi | Jan 3, 2025 | Uncategorized
The landscape of financial management has undergone a remarkable transformation due to technological progress. In the past, accessing your bank account necessitated a trip to a physical branch, which often meant waiting in line and dealing with limited hours of...
