news
FinTech regulatory
framework crucial to
combat financial crime
Emmanuel De Groote, Regional Head of
Compliance, Africa and Middle East, for
Standard Chartered
leading figure from Standard
A
Chartered says a robust FinTech
regulatory framework is crucial
to Africa’s financial prospects. Emmanuel
De Groote, Regional Head of Compliance,
Africa and Middle East, for Standard
Chartered, has argued that a sweeping
transformation in the African financial
sector has resulted in this need. “As
with any technological advancement, the
prospects of FinTech-led prosperity bring
a host of risks and a sound regulatory
framework is the only approach that can
promote fair outcomes for people and
reduce the risks of predatory practices
against vulnerable customers,” he said.
“Implementing a regulatory framework for
FinTech could support the development
of a more digitised and robust financial
system as well as pave the way for
more innovation and frictionless digital
banking solutions. With the threat of
cyberattacks, data vulnerability, fraud
and more, FinTech can negatively impact
stakeholders, FinTech entities, and
banking and nonbanking participants,
which is why it is imperative to strengthen
safeguards and supervision in order
to promote consumer safety, financial
stability and market confidence.”
He added that the introduction of
appropriate regulations can promote
transparency and strengthen defence
mechanisms to mitigate risks of
cyberattacks, breach of consumer data,
fraud and money laundering.
ACRONIS ANNOUNCES AVAILABILITY
OF CYBER PROTECT BETA VERSION AS
DEMAND FOR ENDPOINT SECURITY
FOR REMOTE WORK SKYROCKETS
cronis, a global leader in cyber
A
protection, has announced
that Acronis Cyber Protect,
its cloud offering through service
providers, is now available for all,
as a beta version, to easily deploy
on-premises. The game-changing
flagship solution integrates data
protection, cybersecurity and endpoint
management to help people navigate
the crucial need for a safe remote work
environment. With this release, IT teams
get to really try the technology and
deploy the solution’s unique capabilities
across all environments to safeguard all
data, applications and systems.
“The COVID-19 pandemic requires
more businesses than ever to adopt
remote work policies,” said Acronis
Executive Officer, Serguei ‘SB’
Beloussov. “While remote work offers
a lot of benefits, it can put valuable
company data at risk of cyberattacks.
With the expanded access to a
beta version, we want to help more
organisations and individuals protect
their data, devices and infrastructure.”
A recent survey by Gartner revealed
that 74% of organisations intend to
permanently shift some employees
to remote work. The ability to add
comprehensive and proven endpoint
security – without increasing
complexity or IT staffing requirements
– has become a critical business need
but also a competitive advantage.
In an IDC report published by Phil
Goodwin and Robyn Westervelt,
Acronis Cyber Protect was named
‘one of the most comprehensive
attempts to provide data protection
and cybersecurity to date’, and added
that ‘Acronis shows potential to
disrupt traditional IT security vendors
by delivering integrated components
for backup/recovery and malware
detection and protection’.
10 Issue 27 | www.intelligentciso.com