Related papers: Privacy-Enhancing Technologies for Financial Data …
In the financial field of the United States, the application of big data technology has become one of the important means for financial institutions to enhance competitiveness and reduce risks. The core objective of this article is to…
Under Know Your Customer (KYC) regulations, financial institutions are required to verify the identity and assess the trustworthiness of any new client during on-boarding, and maintain up-to-date records for risk management. These processes…
Secure cloud storage is an issue of paramount importance that both businesses and end-users should take into consideration before moving their data to, potentially, untrusted clouds. Migrating data to the cloud raises multiple privacy…
In today's highly connected society, we are constantly asked to provide personal information to retailers, voter surveys, medical professionals, and other data collection efforts. The collected data is stored in large data warehouses.…
Privacy-preserving data processing refers to the methods and models that allow computing and analyzing sensitive data with a guarantee of confidentiality. As cloud computing and applications that rely on data continue to expand, there is an…
Fraudulent transactions and how to detect them remain a significant problem for financial institutions around the world. The need for advanced fraud detection systems to safeguard assets and maintain customer trust is paramount for…
Cyber Threat Intelligence (CTI) sharing is an important activity to reduce information asymmetries between attackers and defenders. However, this activity presents challenges due to the tension between data sharing and confidentiality, that…
Financial crime is a large and growing problem, in some way touching almost every financial institution. Financial institutions are the front line in the war against financial crime and accordingly, must devote substantial human and…
Central Bank Digital Currencies (CBDCs) are proposed as a public response to the uptake of privately run digital payments, with the digital euro, under development by the European Central Bank (ECB), serving as a prominent example. This…
With challenges and limitations associated with security in the fintech industry, the rise to the need for data protection increases. However, the current existing passwordless and password-based peer to peer transactions in online banking…
The data revolution in low- and middle-income countries is quickly transforming how companies approach emerging markets. As mobile phones and mobile money proliferate, they generate new streams of data that enable innovation in consumer…
The increasing adoption of Cloud storage poses a number of privacy issues. Users wish to preserve full control over their sensitive data and cannot accept that it to be accessible by the remote storage provider. Previous research was made…
With the deepening of the digitization degree of financial business, financial fraud presents more complex and hidden characteristics, which poses a severe challenge to the risk prevention and control ability of financial institutions. At…
Recent advances in data collection and computational statistics coupled with increases in computer processing power, along with the plunging costs of storage are making technologies to effectively analyze large sets of heterogeneous data…
We increasingly live in a world where there is a balance between the rights to privacy and the requirements for consent, and the rights of society to protect itself. Within this world, there is an ever-increasing requirement to protect the…
The recent decade witnessed a surge of increase in financial crimes across the public and private sectors, with an average cost of scams of $102m to financial institutions in 2022. Developing a mechanism for battling financial crimes is an…
The rapid digitalization of banking services has significantly transformed financial transactions, offering enhanced convenience and efficiency for consumers. However, the increasing reliance on digital banking has also exposed financial…
Federated Learning and Analytics (FLA) have seen widespread adoption by technology platforms for processing sensitive on-device data. However, basic FLA systems have privacy limitations: they do not necessarily require anonymization…
The recent passing of the Cybersecurity Information Sharing Act of 2015 introduces a new framework for information sharing between private and US government entities with the expressed intent to identify cybersecurity threats. This is the…
In the current paradigm of digital personalized services, the centralized management of personal data raises significant privacy concerns, security vulnerabilities, and diminished individual autonomy over sensitive information. Despite…