Page 10 - GS250501

IndustryUpdate

a security patch issued last year, many ATMs remain
vulnerable, contributing to a recent large-scale cyberat-
tack reported in the Northeast and West Coast, Hyosung
noted. Gail Daniels, the company's COO, stressed the
urgency of updating software, changing default pass-
words, securing management systems with firewalls,
and enabling encryption to safeguard assets against
increasingly sophisticated cybercriminals targeting the
ATM industry.
Ripple pledges $25M for U.S. classrooms, teachers

Ripple announced a $25 million commitment to
DonorsChoose and Teach For America to boost educa-
tion access and outcomes across the United States. The
funding will equip classrooms with essential resources,
expand Teach For America’s Ignite tutoring program,
and support financial literacy and STEM initiatives.
Notably, Ripple stated, the majority of the donation will
be delivered in Ripple’s RLUSD stablecoin, marking a
first in charitable giving. Ripple emphasized the compa-
ANNOUNCEMENTS ny’s dedication to educational and financial access and
builds on its broader philanthropic efforts, including
over $200 million in global donations since 2018.
ARGO, Arteria AI named finalists
in Banking Tech Awards Square expands banking services
ARGO and Arteria AI were both named finalists in the Square launched new Square Banking tools to give
2025 Banking Tech Awards USA, presented by FinTech small business owners instant, 24/7 access to their cash
Futures, which honors outstanding achievements in flow and simplified ways to manage earnings. Business
banking and fintech across the United States. ARGO owners can now sign up for Square Payments and a free
is a finalist in the Best Customer Experience Solution – Square Checking account in minutes, with no monthly
Customer Engagement & Actionable Insights category fees or minimum balance requirements, the company
for its ARGO Connects platform, designed to help banks stated. The platform integrates payments and banking,
engage customers across digital and physical channels. eliminating transfer delays and enabling immediate
Connects supports early-stage engagement, need detec- access to funds for expenses like payroll and inventory,
tion, abandonment retargeting, onboarding and reten- Square added, noting that Square Savings now offers
tion, ultimately improving satisfaction and loyalty, the personalized savings recommendations based on cash
company stated. flow data and industry insights, helping sellers auto-
matically allocate funds for key expenses.
Arteria AI is a finalist in the Best AI Solution – Data
Insights & Knowledge Management category for its RESEARCH
proprietary AI-powered documentation infrastructure
platform, which is designed to help financial institu-
tions automate document workflows, achieve straight- AtData spots email indicators
through processing, and harness their own data to driving digital payments fraud
transform decision making and drive growth. Arteria
CEO Shelby Austin praised the recognition as a tribute AtData, a provider of email intelligence and fraud pre-
to the company's technologists, data scientists and finan- vention, released findings from over 4 million transac-
cial services experts. This honor adds to Arteria's recent tions identifying key email fraud signals impacting
inclusion in the CB Insights Fintech 100 and AI 100 lists. digital payments. The top indicators of elevated fraud
risk include disposable email addresses, newly cre-
Hyosung urges ATM operators ated email accounts, anonymized or international IP
to follow security guidance addresses and poor domain reputations. Disposable
emails showed fraud rates exceeding 70 percent, while
ATM provider Hyosung Americas is urging all ATM new email accounts were up to 35 times more likely to
owners to immediately apply critical security updates to be fraudulent in lending. Transactions routed through
protect machines from evolving cyber threats targeting international proxies carried significantly higher fraud
remote management software systems. First identified risk. AtData stated its analysis underscores the need for
in September 2024, these attacks enable unauthorized real-time, data-driven fraud detection using email-level
control of ATMs by redirecting communications. Despite intelligence to outpace evolving cyber threats.
10