Core Banking, Fintech

Cybersecurity for banks

February 26, 2022

Cybersecurity for banks
During the past year, financial organizations and banks in particular, have suffered increasing rates of cyberattacks coming in from every possible threat vector. According to Check Point Research, a financial organization was attacked on average 700 times every week during 2021, a 53% increase year-over-year, and according to IBM the average cost of a successful breach was $5.85 million. From phishing to supply chain attacks, and everything in between, what we have seen is just the tip of the iceberg.

Spotlight

ABBANK

An Binh Bank (ABBANK) is one of the leading commercial joint-stock banks and among top ten largest commercial banks in terms of charter capital in Vietnam. After 15 years of development since its establishment in 1993, ABBANK has made major breakthrough over the last 3 years, particularly through its cooperation with giant domestic and foreign corporates as follows: - Electricity of Vietnam (EVN) – ABBANK’s strategic shareholder, owning 27% of ABBANK’s charter capital.

OTHER WHITEPAPERS
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test whitepaper

whitePaper | May 5, 2020

Have you ever failed a class because of Wikipedia? (We will pass you!) (100) Are you not getting enough sleep because of time on Wikipedia? (9) ...Did you not get ANY sleep last night because of Wikipedia? (100 - we commend you for being that dedicated) Are you sleeping during the day (as of 8 a.m.) because you edited Wikipedia overnight (add overslept time in hours)? (5) Do you forget to think twice before you say something to real people but re-check a hundred times what you have typed in before posting your comment in a talk page? (5) Do you judge people you know offline partly on the basis of their Wikipedia contributions? (6) Do you think quality of contributions to Wikipedia is an important criterion in choosing a partner for a close relationship? (17 and a crash course in dating) Do you subscribe to a Wikimedia mailing list (e.g., WikiEN-l, Wikimedia-l)? (2) ...Do you actually read that mailing list? (20)

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Reimagining the Future of Finance

whitePaper | May 10, 2023

Fintech” is a word that’s barely a generation old. But in that nanosecond of historical time, this amalgam of “finance” and “technology” or, more specifically, the array of products and services that fintech companies have brought to life—has had an impact on the daily lives of billions of people.

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FINANCE & SOURCING: A CASE FOR COLLABORATION

whitePaper | January 6, 2020

Finance’s role is evolving. Following the 2008 financial crisis, it guided the business through extraordinarily difficult economic times, relying on cost management and lean practices to keep their organizations afloat. Today, finance must switch gears and find ways to navigate sustainable and profitable growth.

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How Latin American banks are using Knomi™ to win morecustomers and prevent fraud

whitePaper | January 7, 2020

Dramatic advances in mobile phone technology and networks present banks the opportunity to make their services more accessible. Customers can now use their mobile devices to quickly apply for new accounts and credit lines, access their account information, and perform purchases and transactions, all without ever visiting a branch or ATM.

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The shift to real-time in Treasury & Capital Markets

whitePaper | March 28, 2023

Real-time processing can offer many benefits for bank treasuries, including improved accuracy, faster decision-making, enhanced liquidity management and improved customer service with faster transaction processing and real-time visibility into customer account balances. By focusing on certain key functions, we can assess which are real benefits to treasury processes, and which may require industry consensus and further investment to become worthwhile. The industry must agree a way forward, weighing cost against benefit.

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FinTech Trends for 2021 - What will 2021 bring us in FinTech Innovation?

whitePaper | April 14, 2021

So what will 2021 - and beyond - bring us in FinTech innovation? Central Bank Digital Currencies? - perhaps - but some would argue that most currency is already digital: how much physical cash did you handle in the last year? And how much was transacted by digital money transfer, real-time payments, card transactions, mobile wallets… Does money actually exist? The news is full of how multi-million-pound artworks can now be represented by ‘non-fungible tokens’ which represent ‘digital’ but not physical ownership of the artworks.

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Spotlight

ABBANK

An Binh Bank (ABBANK) is one of the leading commercial joint-stock banks and among top ten largest commercial banks in terms of charter capital in Vietnam. After 15 years of development since its establishment in 1993, ABBANK has made major breakthrough over the last 3 years, particularly through its cooperation with giant domestic and foreign corporates as follows: - Electricity of Vietnam (EVN) – ABBANK’s strategic shareholder, owning 27% of ABBANK’s charter capital.

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