Asian Wealth Management and Asian Private Banking - Big data and machine learning – helping tackle cyber crime

With a financial services industry increasingly reliant on technology, cyber-threats are a real, and for many organisations, persistent threat. There have been numerous examples of cyber-crime and internal fraud that have resulted in data leaks and/or financial losses. Firms are being required to be more vigilant when it comes to their technology, with greater pressure to improve both network resiliency and security. This is where firms like NetGuardians can assist, offering solutions to the industry to protect against fraud and cyber-crime. "We are helping to detect and reduce false positives and detect criminal activities via our innovative technology based on big data and machine learning" says Maio. Maio and his associate started the firm ten years ago in Switzerland and have now expanded overseas with offices in Kenya, Poland and Singapore.