A library of snippets
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“A simple tap of the card can verify your identity, reducing the chances of a false decline,” Lowe said. “This also enhances experiences in call centers, where users can authenticate themselves before even speaking to an agent.”
From: Passwordless Future Key to Competing in Digital Economy.
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Circle became the first global stablecoin issuer to secure an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the Markets in Crypto Assets (MiCA) regulatory framework. Armed with a license from the French banking regulatory authority, Circle Mint France will “onshore” the issuance of its euro-denominated EURC stablecoin to the EU and issue USDC from the same entity, the company said.
From: Stablecoin Issuer Circle Snags MiCA-Compliant Electronic Money Institution EMI License for EU.
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While Singapore already has bilateral real-time payment linkages with Thailand and India, they are separate systems and operated by distinct entities, such as PayNow-PromptPay for Thailand and PayNow-UPI for India.
Nexus, on the other hand, is designed to standardise the way domestic instant payment service providers connect to one another. Rather than an operator building custom connections for every new country to which it connects, the operator only needs to make one connection to the NSO.
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The British engineering company Arup has confirmed it was the victim of a deepfake fraud after an employee was duped into sending HK$200m (£20m) to criminals by an artificial intelligence-generated video call.
From: UK engineering firm Arup falls victim to £20m deepfake scam | Engineering | The Guardian.
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But is the industry at risk of overplaying the quality of its “human” support — and underplaying recent technological improvements?
“We all like to think our listening and empathy skills are too advanced to be replicated. But advice businesses historically struggle to scale up due to the personal nature of advice and the inconsistency that is inherent in human nature,” says Ian Millward of Candid Financial Advice. “Ultimately, every question that ever needs to be asked has been asked. AI can model outcomes and provide the most proven answer to every question in an incredibly consistent way.”
As the technology progresses, there is increasing scope for AI to help human advisers understand their customers more deeply.
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Key Concepts of ZKP:
Completeness: If the statement is true, an honest verifier will be convinced by an honest prover.
Soundness: If the statement is false, no cheating prover can convince the honest verifier that it is true, except with some small probability.
Zero-knowledge: If the statement is true, no verifier learns anything other than the fact that the statement is true.From: Zero Knowledge Proofs in Digital Identity | Extrimian.
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Millennials have also emerged as prime targets for cybercriminals, receiving 37.5% of phishing emails. This is particularly true within the finance, legal and healthcare sectors. Social engineering tactics, including personalized attacks timed around events like Valentine’s Day, further underscore the evolving landscape of cyber-threats.
From: Quishing Attacks Jump Tenfold, Attachment Payloads Halve – Infosecurity Magazine.
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Days after claiming that it had hacked the US Federal Reserve, the Russia-linked LockBit ransomware gang has posted stolen customer data from Evolve Bank & Trust on the dark web.
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With the transaction complete, the combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients.
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Supporters of the Charter include the Bank of England as well as representatives from banknote and coin producers, commercial banks, machine suppliers, ATM operators and other suppliers.
The Charter sets out a series of commitments and targets that seek to establish a collaborative approach and a roadmap of initiatives to drive significant change in the industry. Three particular areas of focus have been identified – energy, plastics and carbon – with a number of ambitious targets already agreed:
Carbon – Aim to achieve Net Zero carbon for each organisation’s own operations by 2030
Plastic – Aim to eliminate single-use non-recyclable plastic in note centres by 2030 (25% reduction by 2023, 50% reduction by 2025). For coins, to reduce the use of single-use non-recyclable plastic, by weight, to less than 45% by 2030 (less than 70% by 2023, less than 60% by 2025.
Energy – Aim to use 100% Renewable Electricity for own operations by 2022
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