Collaborate Disseminate
Let me cut to the chase: The financial services industry is rapidly changing to satisfy its new best friend, millennials. There’s no getting around it; their sheer numbers necessitate attention. Millennials represent one in three Americans in th… Continue reading Millennials “Swipe Right” On Fintech and Security
On July 31, the US Department of the Treasury called for increased consumer data protection and notification guidelines for national data breaches in its fourth and final report in response to President Trump’s Executive Order 13772. The order, i… Continue reading US Treasury releases guidelines to improve financial regulation, foster tech innovation
An association of banks and financial technology companies has released a tool that it hopes will help financial institutions securely share data about consumers across the online financial tools that they use. The Financial Services Information Sharing and Analysis Center (FS-ISAC) is releasing an application programming interface (API) in order “to foster universal adoption of a more secure and robust data sharing framework,” according to a statement released on Tuesday. “Over a lifetime, consumer data may be scattered throughout several financial institutions,” the FS-ISAC says, which creates a need for consumers to log into multiple accounts to manage loans, deposits, payments and investments. The new API tokenizes sensitive user information, which the association says facilitates and secures the transfer of data from company to company. “Creating a standard API for secure data sharing benefits everyone in the data aggregation ecosystem,” FS-ISAC Chief Operations Officer Eric Guerrino said in a release. […]
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After working on its development since last year, WhatsApp has introduced a beta version of its digital payment feature on Android and iOS in India. The network’s peer-to-peer payment specification will be available to an exclusive group of teste… Continue reading WhatsApp tests viability of digital payment feature in India
The fintech marketis growing in the Asia-Pacific region, especially in China and India, due to increasing innovation and a strong startup culture.
The post The Changing Fintech Landscape in Asia-Pacific and Its Security Implications appeared first on Security Intelligence.
Continue reading The Changing Fintech Landscape in Asia-Pacific and Its Security Implications