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Fintech cyber security consortium initiative led by World Economic Forum

The Paypers

(The Paypers) The World Economic Forum has led the creation of an industry consortium that aims to improve the cybersecurity of financial technology companies.

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Singapore Reforms Laws For FinTech Push

PYMNTS

“It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. “Payments is one of the key components of FinTech and serves as a foundation for our vision of a smart financial center.

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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

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Wall Street stock-lending platform crashes in ransomware attack

American Banker

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

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Banks and fintechs – how should they collaborate?

NCR

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them.

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? Arxan announces Cyber Security scholarship program. Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on March 29 & 30, 2016. Stay tuned for details.

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? The latest from FinDEVr San Francisco 2015 presenters: Think Big Data mentions Praesidio as a startup using machine learning in its cyber security solution. Arxan Technologies extends its app security protection to Apple TV. Stay tuned for details.