Money20/20 USA: How Arculus delivers data security
Money20/20 USA 2023 saw the leading lights of financial services come together in Las Vegas to connect and offer key insights into the future of fintech.
We spoke to Adam Lowe, Chief Product & Innovations Officer at CompoSecure about why data security and privacy are so important for businesses today, particularly after the SEC announced new regulations requiring businesses to promptly report all cyber attacks.
Arculus: Strong data security a must in 2023
Lowe says: “Data privacy and data security really are paramount today. I think regulators have seen accounts for banking get hacked, accounts for securities get hacked and people losing both their accounts and their data.
“Our congressmen and women really want us to stay safe, which is why we're promoting products like Arculus to help keep your digital assets and digital lives secure.”
And, Arculus has released new products to help businesses and consumers stay better protected. As Lowe adds: “We’ve added new technologies to payments cards (Fast Idea Online), giving our clients a digital signature upon login, providing full security on an account of anyone’s choice.
“What I’ve really come to appreciate today is that people want that seamless, one-step security for their digital assets and digital live banking. It has to be easy to use and understand.
“You can put all the rules in place, but if it's not easy, people won't use it. So that's why banks are talking to us about how to keep their accounts safe and how to keep their customers safe. With one tap of click, we are helping them enable total security.”
For more from Lowe and the latest from Arculus, you can click on the video link above.
Want to see more from Money20/20 USA 2023? Stay tuned to our website for more content, which will be rolled out in the coming days.
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Please also take a look at the playlist for our latest hybrid event, FinTech LIVE London, to learn all about the latest trends in fintech.
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