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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.

Lending 36
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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? Arxan announces Cyber Security scholarship program. Thinking Capital earns Deloitte’s Technology Fast 50 Canada Awards. Worldpay employees evaluating use of finger vein technology to authenticate payments at the POS without the need for a card.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Provided instant card-issuance technology to Bank of the Ozarks. Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Provided technology for fellow Finovate alum Q2’s Contextual PFM solution. Quoted in eWeek on the problem of app security. in one year.