News

December 4, 2016
Biometric Banking: Will Security Selfies Replace Passwords?
Could the selfie replace the humble password in the near future? With biometric authentication technology developing rapidly and worldwide e-commerce trailblazer Amazon recently patenting its own ‘pay by selfie’ technology, banking could well be the next sector to follow suit. The selfie payment is an ea...
December 4, 2016
Could selfies help keep UAE bank accounts secure?
People in the UAE will soon be able to log into their bank account by taking a selfie. That was the prediction of Marwan Elnakat, ebanking and eCommerce Security Solutions Director for the Middle East and Africa at digital security firm Gemalto. According to him: “Figures have shown that people here prefer...
December 4, 2016
Modernizing Digital Security to Protect Banks From Fraud
The popularity and pervasiveness of online banking is good news not only for financial institutions but also for cybercriminals, who see easy targets in online banking customers. Cybercriminals have figured out how to convince customers to surrender their usernames, passwords and other types of personal info...
December 4, 2016
UAE banks adopt world-class Digital Security
UAE banks are rapidly adopting global best practices in securing online bank accounts and digital payments, industry experts commented today on a new report. Automation of security is the most frequently deployed digital transformation initiative among banks in Europe, the Middle East, and Africa, according ...
November 28, 2016
The New Mobile Banking Password – Voice Biometrics
Technology continues to evolve by the hour. The exponential usage of smartphones and tablets is deeply influencing consumer behavior and preferences. Now, consumers prefer most of their banking services to be “One Click Away – on-the-go! To tap this changing market scenario, banks have shifted their focu...
November 27, 2016
Will Biometric Technology Take Over Banking Security?
If you haven’t heard the news, more banks are adopting biometric technology for customer authentication to increase security. Banks all around the world have been searching for more advanced technologies such as biometrics for better protection against identity theft, fraud, and cyber-crime often perpetuat...
November 24, 2016
Cybersecurity trends for financial services industry
In recent times, financial institutions were prime target of cybercriminals looking to maximize their payloads. In fact, the impact of some high-profile hacks of financial institutions in the US have been valued at over $100 million. Given that Asia is home to some robust financial markets representing trill...
November 23, 2016
Which MENA Countries Lead in Digital Banking Adoption?
Mobile banking adoption rates are at their highest in emerging markets, according to the “Mobile Banking 2015” report by KPMG. And Gemalto estimates that mobile banking users in the Middle East and Africa will exceed 80 million by 2017. Banks across the region are investing in their digital assets, intro...
November 22, 2016
As Mobile Banking Raises Expectations, Cybersecurity Is More Than An IT Issue
EY’s GCC Digital Banking Report last year revealed that although mobile banking usage in the GCC was still lagging a bit behind the rest of the world, consumers here would be keen to use it if it was simply better, quicker and easier. In September 2016, research from Collinson Group found that 83% of afflu...