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Sibos 2016: Cybersecurity: The Challenge of Knowing Your Suppliers and Consumers
Discussing the challenges of KYC and knowing ones’ suppliers in the cybersecurity world, Dow Jones gave an interesting talk about why people have to be extra vigilant at the moment. Rob Sloan, Head of Cyber Content and Data, with Grant Allen, Head of Technology Platforms, explained the current issues being faced within this sector of the financial services world.
With the surge of so many different and new technologies, security is constantly at the front of everyone’s mind. That risk is dramatically increased the more data is shared with a third party. The main areas of concern for both Sloan and Allen was how inevitable attacks are and how the cost or energy difference between the attackers and defenders is unbelievably imbalanced. Attacks are low costing have low risk while offering a high reward. Another side to this are corporate factors. Corporations have to deal with a vastly complex network on a grand scale while being under resourced and under skilled. It’s rare to find a security department for a business which feels suitably prepared for attacks. When this is collaborated with human beings not always being expert communicators with one another, it makes for a lot of mess. The final grand factor within all this are having a mish mash of laws and regulations which widely vary depending on the location of the business.
Having all of this in mind the speakers outlined a couple of potential futures for cybercrime which fundamentally is built on the notion that with new technology comes new malware. Unless an individual or company build every single physical and virtual product themselves then there can be unknown weaknesses and the responsibility lands on a stranger, never before met, who build the product at some point in time in some random place. The main goal for the talk, albeit slightly paranoid, was to get people to start asking themselves what they can do on an individual level to improve the security of the business that employs them, to which it accomplished.
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
Uniting Europe’s capital markets by consolidating issuance, custody, trading, and settlement of securities into a regulated system built on DLT.
Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.
APEXX Global Announces $10 Million Investment from Finch Capital to Accelerate Global Growth
APEXX Global, the leading merchant-centric Payment Orchestration Platform, today announced a strategic investment of up to $10 million USD led by Finch Capital, a European growth investor with deep expertise in payments and scaling financial technology players internationally.
Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
Uniting Europe’s capital markets by consolidating issuance, custody, trading, and settlement of securities into a regulated system built on DLT.
ComplyAdvantage Fintea Chats: Lucy Heavens on Compliance, Technology and the Future
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.