Key Takeaway
Modern banking faces significant risks from sophisticated cyber threats and scams, necessitating robust support for security and regulatory compliance. Hexaware Technologies positions itself as a trusted partner for core banking transformations, focusing on mid-market clients with an AI-first approach. The threat landscape has evolved, with AI being used to enhance cyberattacks, as noted by Ravishankar Subramanian, Executive VP of Banking Solutions. To counter these challenges, Hexaware has introduced its Trust Framework, which monitors behavioral patterns and establishes personalized baselines to detect unusual activities, going beyond traditional security measures to protect banks and their customers.
Modern banking faces unprecedented risks, as malicious actors operate globally to devise new scams and methods to defraud individuals of their money.
Given the rise of sophisticated cybersecurity threats and increased regulatory compliance demands, banks require support to safeguard people’s funds while adhering to guidelines.
This is where Hexaware Technologies steps in, establishing itself as a reliable partner for core banking transformations. The company’s AI-first strategy and focus on mid-market clients present a compelling alternative to traditional large-scale providers.
The threat landscape for banks has changed significantly, especially with the integration of artificial intelligence into cyberattacks. Ravishankar Subramanian, Executive Vice President & Global Head of Banking Solutions, states: “With the advent of AI, these attacks have become very smart. People are leveraging AI to infiltrate banks’ networks, impersonate individuals, and even mimic transactions.”
To counter these advanced threats, Hexaware has created its Trust Framework, which surpasses conventional security measures by monitoring behavioral patterns. This system establishes personalized baselines for users, flagging any unusual activity that may suggest a security breach.
