LARGE-SCALE CYBER-ATTACKS ON THE FINANCIAL SYSTEM

March 15, 2018

Cyber-attacks on financial institutions are becoming more frequent, complex, and sophisticated, with potential for far-reaching, systemic impacts. The motivation of cyber-attackers is shifting from purely achieving financial gains to disrupting critical infrastructures, such as through nation-state attacks, which threatens the basis for confidence in the financial system and even national or international stability. In today’s world of geopolitical turmoil and the ever-increasing speed of technological innovation, the threat from actors with the necessary motivation, financial means, and technological capabilities, is real.

Spotlight

McLEAR

McLEAR is the pioneer of wearable payment technology for consumers and businesses. Our Smart Ring was invented & patented in 2013, designed and engineered to be water and shock-resistant, requiring no battery or charging - making it the ideal wearable payment device that fits seamlessly into any lifestyle. RingPay for consumers launched in 2018 enabling UK consumers to make contactless payments both domestically and globally, with a simple touch of a hand. Ring-holders can set their own rules and manage their ring through a dedicated app, which has access to numerous features and benefits exclusive to McLEAR Ringholders. The world’s first payment ring was showcased alongside their partner Visa, at the Rio Olympics followed by other key events including Super Bowl 51, Eurovision 2017, FIFA Confederate Cup 2017, and the GRAMMY Gift Lounge 2018, with known celebrities such as The Hooligans, Zac Brown, Jeff Timons, Paul Shaffer, Anthony Hamilton, Shaggy, Louis Fonsi, Kesha, Ice T, Neil

OTHER WHITEPAPERS
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CORPORATE BANKING MARKET SCAPE – BEYOND 2020

whitePaper | February 10, 2020

With corporate treasurers already adopting open banking in a strategic move to create further value in their organizations, it is now time for financial institutions (FIs) to both align their future product and servicing roadmaps to those of their clients, as well as begin to embrace the opportunities that present themselves in the open digital ecosystem.

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Reduce Paper & Costs with Invoice Automation

whitePaper | June 14, 2023

Manual invoicing is a costly, inefficient process that opens up companies to unnecessary risk. With the rising call to reduce paper usage and lower costs, it’s time to explore alternatives that can help controllers and accounts payable (AP) managers do more with less.

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To Buy or To Build: Which is the Best Path for Digital Transformation?

whitePaper | December 1, 2021

Modern, cloud-based digital technology is necessary for financial institutions that are seeking to address the customer experience, improve internal operational effectiveness, streamline internal communications and allow access to data across the enterprise. For years, the only option was to develop such technology in-house, at great expense and expenditure of resources. But today, banks and credit unions have a better option: the ability to buy technology and implement it quickly, cost effectively and more efficiently than they could on their own.

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Fintech Market Forecast 2023

whitePaper | December 18, 2022

With the ever-growing interest in the Fintech industry and its constantly changing environment, it is worth keeping on track of the critical trends, opportunities and challenges in the Fintech industry. We conduct an annual market survey that shows how players in the industry expect the market to evolve.

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INDUSTRIAL LOAN COMPANIES: CLOSING THE LOOPHOLE TO AVERT CONSUMER AND SYSTEMIC HARM

whitePaper | April 30, 2022

ICBA urges Congress to pass an amendment to the Bank Holding Company Act of 1956 to permanently close the ILC loophole, just as Congress has closed past banking loopholes that threatened to undermine consolidated supervision and the separation of banking and commerce.

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Digital resilience From a banking regulation standpoint

whitePaper | February 15, 2023

Regulatory expectations and requirements for the banking sector are in constant motion. For years, Deloitte has closely monitored EU policymakers and supervisory bodies to connect the dots between various existing and forthcoming regulatory topics and understand their strategic implications on the banking industry.

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Spotlight

McLEAR

McLEAR is the pioneer of wearable payment technology for consumers and businesses. Our Smart Ring was invented & patented in 2013, designed and engineered to be water and shock-resistant, requiring no battery or charging - making it the ideal wearable payment device that fits seamlessly into any lifestyle. RingPay for consumers launched in 2018 enabling UK consumers to make contactless payments both domestically and globally, with a simple touch of a hand. Ring-holders can set their own rules and manage their ring through a dedicated app, which has access to numerous features and benefits exclusive to McLEAR Ringholders. The world’s first payment ring was showcased alongside their partner Visa, at the Rio Olympics followed by other key events including Super Bowl 51, Eurovision 2017, FIFA Confederate Cup 2017, and the GRAMMY Gift Lounge 2018, with known celebrities such as The Hooligans, Zac Brown, Jeff Timons, Paul Shaffer, Anthony Hamilton, Shaggy, Louis Fonsi, Kesha, Ice T, Neil

Events