Taras Boyko

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Articles

Fintech Fraud Prevention Regulatory Hurdles

Jul 16, 2024 | finextra.com | Ben Goodyear |Kaustuv Ghosh |Jamel Derdour |Taras Boyko

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. As a result of the lightning-speed changes in financial technology (fintech), preventing fraudhas become increasingly important.
A New Opportunity for Payfacs to Monetize Payments and Win Over More SMBs

Jul 15, 2024 | finextra.com | Kaustuv Ghosh |Jamel Derdour |Taras Boyko |Andrei Scutari

Payment facilitators (Payfacs) are used by millions of small businesses every day to run their operations. In a competitive market, the difference between Payfacs can be as small as a point or two of difference in fees. To stand out, Payfacs need to find differentiated ways to serve their customers to preserve their fees. The good news? Payment processing itself holds the key to creating that value and deepening customer relationships.
UK Payments in the Digital Age: Trends, Challenges, and Future Prospects

Jul 11, 2024 | finextra.com | Taras Boyko |Andrei Scutari |Eddie Harrison

The United Kingdom is at the forefront of a payments revolution, transitioning rapidly from traditional cash transactions to digital and contactless payments. This shift is driven by technological advancements, changing consumer behaviours, and strategic initiatives aimed at enhancing financial inclusivity and efficiency. This article explores the growth of payments in the UK, highlighting key trends, driving factors, and the implications for the future of financial transactions.
Why Developed Economies are Benefiting from QR Payments?

Jun 24, 2024 | finextra.com | Aare Reintam |Steve Bradford |Vipin Sharma |Taras Boyko

It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay ecosystem would be difficult to change. Due to their perceived insecurity and clumsiness, QR code payments were limited to developing nations. But a subtle revolution is taking place that is upending this presumption. Singapore is one example.
Privacy enhancing technologies: Key to win in today's evolving world

Jun 22, 2024 | finextra.com | Aare Reintam |Steve Bradford |Vipin Sharma |Taras Boyko

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Privacy Enhancing Technologies (PETs) are a suite of tools that can help maximize the use of data by reducing risks inherent to data use.
A Deep Dive into DORA's Threat-Led Penetration Testing Requirements

Jun 11, 2024 | finextra.com | Aare Reintam |Steve Bradford |Vipin Sharma |Taras Boyko

Welcome back to my blog series on DORA regulation !!! In this blog, I will dive into the specific topic of Threat-Led Penetration Testing (TLPT). Key Players in the TLPT Ecosystem: Understanding the roles involved in TLPT is crucial. Here’s a quick rundown: Red Team: These are the attackers in the simulation, employing tactics, techniques, and procedures (TTPs) that real adversaries would use. They aim to uncover weaknesses in the organization's defenses.
The Need for Enhancing Cyber Preparedness in Financial Institutions

Jun 10, 2024 | finextra.com | Aare Reintam |Steve Bradford |Vipin Sharma |Taras Boyko

Cybersecurity threats have been a grim reality for the financial sector for a long time now. According to a from the IMF, the industry has been hit by over 20,000 attacks, resulting in a $12bn loss over the last 20 years. Moreover, digitalisation has introduced new vulnerabilities and cyber risks to an already vulnerable sector.
Swift and Global Banks launch AI pilots to tackle Cross-Border Payment Fraud

Jun 3, 2024 | finextra.com | Joris Lochy |Martin Bradbury |Mark Nutt |Taras Boyko

Swift and Global Banks Team Up to Combat Cross-Border Payment Fraud with AI Swift, the global financial messaging service, is partnering with leading banks on two AI-powered pilots to reduce fraud and streamline cross-border payments significantly. AI could help the payments industry save billions in fraud-related costs and remove friction from the cross-border payments ecosystem. Enhanced Fraud Detection: Swift is upgrading its "Payment Controls" service with an AI model.