Cybersecurity

Beware of Invoice Fraud Photo by Carli Jeen on Unsplash Every executive’s worst nightmare is receiving a call from a client claiming they’ve already paid their invoice, only to realize the payment never reached you. Instead, it went straight into the hands of hackers. The question then becomes; Do you write off the loss, or [...]

Fizen Technology Showcases Groundbreaking Compliance Automation Tool "Verify" at Finovate Fall 2024   Finovate Fall 2024 in New York City saw Fizen Technology unveil its groundbreaking compliance automation tool, "Verify." Jared Knisley led the presentation, with Senior Web Developer Kyle Draving providing support. Their demo highlighted Verify's potential to transform regulatory compliance for financial institutions.

ChatGPT Sees Unprecedented Growth: Weekly Users Reach 200 Million Photo by Andrea De Santis on Unsplash In a remarkable development in the world of artificial intelligence, OpenAI’s ChatGPT has achieved a new milestone, with over 200 million people now using the chatbot each week. This surge in usage underscores the growing impact and adoption of

Implementing OFAC Compliance in Specific Business Areas: Challenges and Considerations Photo by Rocio Ramirez on Unsplash The Office of Foreign Assets Control (OFAC) compliance is a crucial element in the financial services sector, particularly in specific business areas such as trade finance, correspondent banking, and cross-border payments. Each of these areas presents unique challenges that