Deepfake tech gives scammers the edge as digital banking grows

Deepfake tech gives scammers the edge as digital banking grows

David Barrett, CEO of EBC Financial Group (UK). The rapid growth of digital banking is creating opportunities for cyber criminals to use deepfake technology, particularly AI-generated voice and video scams, to commit fraud. Experts warn of deepfake investment content and impersonation tactics spread on social media and messaging apps. This is according to global financial…

Read More
Araxi grows revenue to R653m despite weak economy

Araxi grows revenue to R653m despite weak economy

Araxi CEO Bradley Sacks. Fintech group Araxi (previously Capital Appreciation) says it has delivered resilient financial performance, growing its revenue to R653 million, amid ongoing low business confidence and sluggish economic growth. In its latest results for the six months ended 30 September, the group says two of its divisions attracted new clients and secured…

Read More