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The Future of Fintech Security: Combating AI-Driven Biometric Threats
The Threat of AI-Powered Fraud: How Fintechs Are Strengthening Biometric Security On New Year’s Eve 2023, Brian Quintero experienced a devastating breach of his financial security. Cybercriminals accessed his bank account via an online app and drained approximately $760. His neobank later revealed that these attackers likely leveraged artificial intelligence (AI) to animate photographs of Mr. Quintero’s face, enabling them to bypass the app’s facial recognition safeguards.
By Shalini Rajabout a year ago in Journal
Transforming Finance: The Future of Innovation in Financial Services
The financial services industry is undergoing transformative shifts driven by technological advancements and changing consumer behaviors. From the integration of artificial intelligence (AI) and machine learning (ML) to the rise of blockchain, cryptocurrency, regulatory technology (RegTech), and sustainability-focused ESG compliance, these disruptions are setting new industry standards. Additionally, innovations like digital wallets and Buy Now, Pay Later (BNPL) solutions are redefining how services are delivered and consumed.
By Shalini Rajabout a year ago in Journal
Securing P2P Systems with Zero Trust Architecture: A Modern Cybersecurity Solution
Why Zero Trust Architecture is the Future of P2P System Security As organizations embrace digital procurement, robust cybersecurity measures have become essential. Traditional perimeter-based security models, once the cornerstone of P2P (Procure-to-Pay) system protection, are no longer sufficient in today’s complex digital landscape. Enter Zero Trust Architecture (ZTA), a revolutionary approach operating on the principle of "never trust, always verify." By ensuring every access request is meticulously verified, ZTA offers a powerful framework for safeguarding sensitive P2P data and systems.
By Shalini Rajabout a year ago in Futurism
Revolutionizing Healthcare Payments: Embracing Digital Solutions for Better Care and Efficiency
The healthcare industry is undergoing a significant transformation. To adapt to the current digital landscape, it is embracing new technologies and innovative business models aimed at addressing one of its most pressing challenges: delivering superior healthcare services at a lower cost to more patients.
By Shalini Rajabout a year ago in Interview
How Fintech is Transforming Holiday Shopping: Opportunities and Challenges
The holiday shopping season continues to evolve, driven by cutting-edge advancements in financial technology. With services such as digital wallets, buy now, pay later (BNPL) options, and AI-powered personalized shopping, fintech is reshaping the customer experience by enhancing convenience, enabling flexible payment options, and tailoring offers to individual preferences.
By Shalini Rajabout a year ago in Fiction
Crypto Gifting: The Holiday Trend Millennials and Gen Z Are Embracing
In 2024, Bitcoin achieved a trillion-dollar valuation for the first time, amplifying interest in other digital assets such as Ethereum and NFT art. Cryptocurrency has captured attention across generations, particularly among younger demographics.
By Shalini Rajabout a year ago in Journal
Strengthening Cybersecurity with Digital Banking Services
Black Friday is among the busiest online shopping days, presenting immense sales opportunities alongside significant cybersecurity challenges. For B2B businesses in e-commerce, fintech, and banking, ensuring smooth, secure, and efficient transactions is crucial. Enhanced account access, robust security measures, and a commitment to safeguarding client data are now essential, especially during this high-stakes period.
By Shalini Rajabout a year ago in Journal
Seamless and Personal: How Fintech are Reshaping Consumer Expectations
In today’s landscape, where consumer expectations are at an all-time high, personalization has emerged as a critical factor distinguishing successful banks and credit unions. While many institutions emphasize the importance of customer relationships, industry leaders are going a step further by tailoring services and communications to align with individual preferences and behaviors. This strategy helps them stand out in a competitive market and fosters stronger customer connections. Personalization has proven particularly impactful in three key areas: account and loan origination, mobile banking, and embedded services.
By Shalini Rajabout a year ago in Journal
Transforming Holiday Shopping Through Fintech Innovation
The holiday shopping season is increasingly driven by cutting-edge financial technology, transforming the way consumers and retailers engage in transactions. From digital wallets and Buy Now, Pay Later (BNPL) options to AI-powered personalization, fintech is enhancing convenience, enabling flexible payment solutions, and tailoring shopping experiences to individual preferences.
By Shalini Rajabout a year ago in Writers
The Faces of Progress: Male Leaders Driving Fintech's Evolution
International Men’s Day, observed every November, is a time to celebrate the remarkable contributions men make across industries, including fintech and financial inclusion. Male leaders in these fields play a vital role in driving positive change, fostering innovation, and championing diversity. Their efforts have transformed the financial sector, enhancing the accessibility and integrity of services for individuals and businesses alike.
By Shalini Rajabout a year ago in Journal
Connor Heaton, SRM’s AI Visionary, Talks About the Game-Changing Impact of AI in Financial Services
Hello Connor, could you share your journey into AI and what led you to your current role at SRM? When considering my path to education and career, AI was one of the big domains (alongside biotechnology/genetics) which looked like they had the potential to transform society in my lifetime. I studied cognitive science and decision theory in university in part to stay close to developments in AI, and I steered my consulting career towards AI and automation during my time at Deloitte. I helped to build and scale Deloitte’s federal automation practice, and SRM brought me on initially to do much the same thing for them, which put me in a perfect position to expand SRM’s AI practice to focus on LLMs (large language models) and other transformer-based AI technologies when ChatGPT’s launch kicked off the current wave of interest and investment in the space.
By Shalini Rajabout a year ago in Interview
