U.S. banks deploy visual AI tools to monitor customers and workers

Venture Beast

banks have started deploying camera software that can analyze customer preferences and monitor workers. AI Cloud Enterprise Security VB Home Page banks category-/Computers & Electronics/Computer Security JP Morgan ChaseSeveral U.S.

Why the open banking movement is gaining momentum (VB Live)

Venture Beast

Join this VB Live event to learn how open banking is fueling both opportunity for FIs and better financial outcomes for consumers. fintech FinGoal fintech APIs fintech apps open banking Tiller Money Yodlee

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Mantl raises $40M to help legacy banks transition to digital

Venture Beast

Mantl, a startup developing a platform to bring legacy banks online, has raised $40 million in venture capital funding. Read More.

Japan's Central Bank Launches One-Year Test of Digital Currency

GizModo VR

Japan’s central bank has started trials of a new digital currency in an effort to experiment with how it might be used, the Bank of Japan announced on Monday.

Build or Buy an LMS? How to Pick the Right Solution for Your Budget

BUDGET. When it comes to picking your next LMS that six-letter word is probably the most important part of the decision-making process. So, what are your options to get the best possible eLearning solution without breaking the bank? Build it or buy it. This guide from Lambda’s eLearning experts details absolutely everything you need to consider so you can pick the perfect eLearning solution for your organization and budget.

The FI and fintech opportunity with open banking (VB Live)

Venture Beast

Open banking is about to change the way financial data is accessed and shared in the U.S.offering numerous benefits to those posistioned to leverage it.

Singapore central bank tests blockchain for bank-to-bank payments

Computer Weekly

Singapore's central bank is overseeing a project that could lead to a single blockchain system being used for banks to transact with each other

Blockchain Set to Revolutionize Banking Sector

CTOvision

Read Pratip Biswas explain how blockchain technology can revolutionize the banking sector by using the Hyperledger on Dzone Blog : The banking sector forms the backbone of any economy. With the technology innovations making way into the arena, the banking sector has been moving away from traditional methods.

Tesco Bank halts online banking after weekend hacker fraud

Computer Weekly

Tesco Bank halts online banking after thousands of current account customers were hit by fraudulent transactions by hackers at the weekend

Bank software provider Alkami chases $2B IPO

Venture Beast

IPO, the banking software provider said in its prospectus on Monday. Alkami is aiming for a valuation of up to $2.08 billion in a U.S. Read More.

Commercial Bank of Dubai to launch digital-only bank

Computer Weekly

Dubai bank is set to launch a digital-only bank that will be based on mobile phones

How AI is Revolutionizing the Banking Sector

CTOvision

Read Oliver Smith explain how artificial intelligence is revolutionizing the banking sector on Infosec Magazine : Artificial Intelligence (AI) is becoming ubiquitous in recent years and its uses are seen in every industry from health, to travel, to banking, to hospitality and finance. According to the IHS Markit’s “Artificial Intelligence in Banking” report, the global […].

Open banking is big. Here’s why open finance is bigger.

Venture Beast

Commerce Consumer Dev Enterprise Entrepreneur Mobile Security VB Home Page category-/Business & Industrial/Business Finance category-/Finance Envestnet | Yodlee open banking open finance PSD2

Trovata.io raises $20 million to aggregate enterprise bank accounts with AI

Venture Beast

Trovata.io, a startup that aggregates enterprise bank accounts using AI, raised $20 million in a venture round. Read More.

How banks and banking customers can protect themselves against financial crimes

Tech Republic Security

Account takeovers and online banking fraud are two types of attacks on the rise against financial institutions and their customers, says Feedzai

Challenger bank Starling gets UK banking licence

Computer Weekly

Starling Bank, which will offer smartphone-based current accounts, has been given a UK banking licence

Every Major Bank Has Now Ruled Out Funding Arctic Drilling

GizModo VR

On Monday evening, Bank of America said that it will no longer finance fossil fuel exploration in the Arctic, joining Goldman Sachs, Morgan Stanley, Chase, Wells Fargo, and CitiBank, which all announced similar policies this year. bank will fund oil and gas production in… Read more.

Open banking in the U.S.: What it is and how to prepare (VB Live)

Venture Beast

The open banking global trend is about to change the way financial data is accessed and shared. Big Data Business Commerce Enterprise Entrepreneur category-/Business & Industrial category-/Finance/Banking Envestnet | Yodlee Fintech open banking

After Retail Banking Now Banks Must Transform Their Corporate Banking!

Forrester's Customer Insights

Digital transformation is coming to Corporate Banking. Corporate banking today is antiquated due to its highly customized and complex product offerings; lack of challengers to drive innovation; and strong barriers to switching for clients.

Lloyds Bank digital banking problems an industry warning

Computer Weekly

Lloyds Bank’s digital banking problems still unresolved after a second day

Aunalytics unifies siloed bank customer data with AI-driven data mart and NLP

Venture Beast

AI Big Data Cloud Enterprise VB Home Page ai Aunalytics banking category-/Business & Industrial category-/Computers & Electronics/Enterprise Technology data science Financial Services natural language processing NLP

JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

CTOvision

Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017, currently […].

Banks Can Now Hold Cryptocurrencies, As a Treat

GizModo VR

Comptroller of the Currency, the federal group responsible for the security of the banking system, banks are now allowed to hold cryptocurrencies. banks cryptocurrencies bitcoinAccording to a public letter from the U.S.

The Future Of Banking Has Arrived

Forrester's Customer Insights

Forrester’s view on the future of banking is here – examining the changes that we expect to play out over the next decade of retail banking.

Banking Software Vendors Won’t Differentiate With Just Functionality For Long

Forrester's Customer Insights

A few days ago, Forrester published two Forrester Waves, one focusing on retail banking, the other on corporate banking. With these Forrester Waves, we separated off-the-shelf banking back ends for retail and corporate banking for the first time.

Credential phishing attack impersonates Bank of America

Tech Republic Security

The phishing email leads recipients to a phony BOA landing page in an attempt to steal their banking credentials, according to Armorblox

Why it’s time for fintechs and FIs to jump on the open banking bandwagon (VB Live)

Venture Beast

fintech open banking open banking APIs"If you’re an FI and you’re sitting back to see how things are going to coalesce, they’re coalescing right now. We need you involved now." Read More.

Starling Bank opens API with hackathon

Computer Weekly

Challenger bank Starling opens its API up to developers in hackathon at Google’s London Campus

CIO interview: John Mountain, Starling Bank

Computer Weekly

Starling Banks CIO tells Computer Weekly about life at a bank that is challenging traditional IT thinking

The Future Is Here: Google Moves Forward With Its Banking Marketplace

Forrester's Customer Insights

As discussed in Forrester’s recent research on the future of banking, success for many banks will come from powering products and distributing through others’ marketplaces. Late last year, I blogged about Google’s move into banking and […]. The future is here.

Open banking: the lucrative benefits for smaller FIs and fintechs (VB Live)

Venture Beast

One of the biggest changes coming with open banking is in how transaction data from user end accounts gets aggregated, using standardized APIs." Read More.

Financial Conduct Authority concerned about cyber security of banks

Computer Weekly

The FCA expresses concern about the cyber security of banks after 9,000 Tesco Bank customers lost £2.5m in fraudulent transactions

Canadian banks shrink workforce to cover big tech investments

Venture Beast

Canada’s banks are shedding workers for the second straight year, moving toward leaner operations to counter their technology investments. Read More. Cloud Enterprise Canada category-/Business & Industrial/Business Finance category-/Finance

Barclays Bank opens startup hub in London

Computer Weekly

Bank aims to support fintech firms in their early stages

Swedish fintech Klarna gains full banking licence

Computer Weekly

Swedish online payments provider Klarna becomes one of “the largest banks in Europe” after being granted an EU-wide banking licence by the Swedish Financial Supervisory Authority

FBI warns about cybercriminals exploiting mobile banking apps

Tech Republic Security

With increased use, phony apps and banking trojans will try to steal account credentials, according to the FBI

UK Banks’ Mobile Apps Have Stalled In Terms of Functionality

Forrester's Customer Insights

Mobile apps have become the main touchpoint of banking relationships for millions of people and the starting point for many financial decisions and activities. Forrester data shows that 53% of UK online adults have done their banking on a mobile website or app in the past month.

Blow for Australian banks in Apple dispute

Computer Weekly

Australia's big banks might not be granted leave to collectively bargain with and boycott Apple over its Apple Pay service

BBVA tops Forrester mobile bank app chart

Computer Weekly

Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research

Lloyds Bank launches technologies to improve and secure customer services

Computer Weekly

Lloyds Bank is investing in the latest technologies to provide customers with convenient and secure banking services

Lloyds Bank hit by massive DDoS attack

Computer Weekly

It has emerged that UK banks have been targeted by a DDoS campaign that affected services intermittently only at the Lloyds Banking Group

UAE banks share information to combat cyber threats

Computer Weekly

Banks in the United Arab Emirates will share information on cyber attacks through a platform instigated by the country’s banking federation

Metro Bank moves IT infrastructure to cloud

Computer Weekly

Metro Bank moves its IT infrastructure to a private Rackspace cloud platform, which will allow it to keep up with the latest technologies and reduce costs