Tide launched Raziel for AI security. It assumes hackers are inside

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-08-31T10:16:17.965Z • Permanent link

Tide, a UK-based fintech firm, has launched Raziel, an AI-powered security solution designed to counter the growing threat of insider attacks on financial institutions. The launch comes at a time when the financial services industry is grappling with the increasing sophistication of cyber threats. According to Michael Loewy, co-founder of the Tide Foundation, the security industry was already losing ground to hackers before the advent of AI. "Everything we thought we knew about security has changed since AI came onto the scene," Loewy stated in an interview. "Hackers are now using AI to launch more targeted and effective attacks.

Raziel is the brainchild of Loewy and his team, who have developed a unique approach to detecting and preventing insider threats. Unlike traditional security solutions that focus on external threats, Raziel assumes that hackers are already inside the organization. By using machine learning algorithms to analyze network traffic and behavioral patterns, Raziel can identify potential insider threats before they escalate into full-blown attacks. The solution has been tested in various environments, including those of major financial institutions and has shown promising results.

The launch of Raziel marks a significant development in the fight against insider threats. According to a report by the Ponemon Institute, insider threats cost the average organization over $150,000 per year in damages. With Raziel, Tide aims to provide a more effective solution to this growing problem. The company's approach is particularly relevant in the context of the recent surge in insider threat attacks on financial institutions. In 2022, a major US bank reported that it had suffered a significant data breach due to insider threats, highlighting the need for more effective security measures.

The launch of Raziel has significant implications for the global financial services industry. Companies such as Goldman Sachs, JPMorgan Chase, and Citigroup have already suffered from insider threat attacks, resulting in millions of dollars in damages. With Raziel, these institutions can now benefit from a more effective solution to this growing problem. Moreover, the use of AI-powered security solutions like Raziel can help to reduce the risk of insider threats, thereby improving the overall security posture of financial institutions.

Furthermore, the development of Raziel highlights the need for greater collaboration between financial institutions and security experts. The financial services industry has traditionally been slow to adopt new security technologies, and the rise of AI-powered solutions has only exacerbated this problem. With Raziel, Tide is taking a bold step towards changing this paradigm. By working closely with financial institutions, the company aims to provide a more effective solution to the growing problem of insider threats.

The launch of Raziel is part of a larger trend towards the adoption of AI-powered security solutions in the financial services industry. In recent years, companies such as IBM, Accenture, and Deloitte have launched various AI-powered security solutions designed to counter the growing threat of cyber attacks. However, these solutions have often focused on external threats, neglecting the growing problem of insider threats. Raziel's approach is particularly noteworthy in this context, as it assumes that hackers are already inside the organization.