Fintech During Sibos 2024: The Future of Payment Security
Monday, 16 September 2024, 01:16
Fintech Innovations in Payment Security
At Sibos 2024, a highlight of discussions revolves around fintech innovations that aim to fortify payment security. The reliance on artificial intelligence (AI) for fraud detection is growing, but with it comes the need for stringent regulatory oversight to safeguard sensitive information.
The Importance of Regulatory Oversight
- AI technologies are essential, yet they demand a strong regulatory framework.
- Anonymization, encryption, and tokenization are critical processes to protect consumer data.
Looking Ahead: The Role of Fintech
- Fintech is poised to reshape payment landscapes.
- Sibos 2024 is a platform for discussing collaborative strategies in securing transactions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.