Key Takeaway
Modern banking faces significant risks from sophisticated cyber threats and scams. With increasing regulatory demands, banks require robust support to safeguard funds. Hexaware Technologies positions itself as a reliable partner for core banking transformations, utilizing an AI-first approach tailored for mid-market clients. The threat landscape has evolved, with AI enhancing cyberattacks, as noted by Ravishankar Subramanian, highlighting the need for advanced security measures. In response, Hexaware has introduced its Trust Framework, which monitors behavioral patterns and establishes personalized baselines to detect unusual activities, offering a proactive solution to combat these emerging threats.
Modern banking faces unprecedented risks, as malicious actors operate worldwide 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 customers’ funds and adhere 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 emphasis on mid-market clients present a compelling alternative to traditional large-scale providers.
The threat landscape confronting banks has changed significantly, especially with the incorporation 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 using the power of AI to actually hack into banks’ networks, impersonate individuals, and also impersonate transactions.”
To address these advanced threats, Hexaware has created its Trust Framework, which surpasses conventional security measures by monitoring behavioral patterns. The system establishes personalized baselines for users, flagging any unusual activity that may suggest a compromise.
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