Computing an enterprise’s breach likelihood leverages technology that is not alien to the BFSI sector. Machine learning-enabled predictions are already being deployed in insurance, employee welfare and customer experience. A large online payments system uses deep learning, algorithms, multi-class models and more to sieve fraudulent and genuine transactions by deriving actionable insights from their story-model analysis.

Antelop Solutions, a financial technology business that enables financial institutions to issue secure digital credit and debit cards to their clients, was acquired by Entrust in a formal agreement. Entrust can assist banks and financial institutions worldwide develop integrated, seamless digital and physical financial card and payment experiences for consumers by combining Antelop’s solutions with the Entrust card issuing portfolio.

“Enterprises, especially those in highly regulated industries like financial services, face unique challenges when it comes to balancing innovation and regulatory compliance. For decades, IBM has been fuelling the transformation of the financial services industry, bringing IBM’s trusted industry experience and leadership in security and data privacy to help banks modernize, transform operations and drive innovation,” says Alan Peacock.

Almost anyone can become an insider threat – all it takes is access to sensitive information, or simply access to the building where those resources are located, whether the individual works for the company or not. Former employees, consultants, board members, or current employees are good examples. So are janitors.

30 per cent of applications were from UAE based firms, demonstrating a strong pipeline of financial technology talent within the Emirates. 46 per cent came from the MENA region and 24 per cent were received from global firms.