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Deutsche Bank extends partnership with Kyndryl for revamp plans

Tech Republic Cloud

This renewed partnership is intended to accelerate Deutsche Bank’s transformation ambitions by integrating cloud computing, automation and security technologies. The post Deutsche Bank extends partnership with Kyndryl for revamp plans appeared first on TechRepublic.

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FinovateFall: Innovation, Partnerships and Community Banking 2.0

Information Week

FinovateFall’s key themes included financial wellness, bank/fintech partnerships, and the evolution of community banking

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Reimagining Entitlements Control in Banking Through Privacy by Design

IT Toolbox

How is privacy by design redefining banking? The post Reimagining Entitlements Control in Banking Through Privacy by Design appeared first on Spiceworks. Learn all about it. Fintech

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Axway: 48% of Americans have never heard of ‘open banking’

Venture Beast

At its core, open banking is about letting people control their money, a principle people overwhelmingly support. Commerce Consumer VB Home Page category-/Finance/Banking finance mobile banking open banking

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

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How banks can benefit from implementing data governance

Tech Republic Data Center

In banking, data governance is about meeting both regulatory and internal requirements. The post How banks can benefit from implementing data governance appeared first on TechRepublic. Big Data Data Centers Data Management banking data governance finance

Banking 102
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Composability: The Key to Digital Transformation in Banking

IT Toolbox

Here’s how composability and proactive adapting can enable digital transformation in banking. The post Composability: The Key to Digital Transformation in Banking appeared first on. Digital Transformation Fintech

Banking 202
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Banks Signed a 'Net Zero' Pledge, Then Shoveled Cash at Fossil Fuels

GizModo VR

The world’s most powerful banks have funded fossil fuel projects to the tune of $4.6 banks—JPMorgan Chase, Citi, Wells Fargo, and Bank of America—all of which have signed… Read more. trillion in the six years since the Paris Agreement, a new report from a group of NGOs finds.

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Godfather Android Trojan Targeted Over 400 Banks and Crypto Services

IT Toolbox

Godfather targeted more than 400 organizations from 16 countries, including banks, crypto wallets, and crypto exchanges. The post Godfather Android Trojan Targeted Over 400 Banks and Crypto Services appeared first on.

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Banks Will Bend or Bust as Embedded Finance Transforms Centuries of Traditional Commerce

IT Toolbox

Banks must adapt to embedded finance as it transforms commerce as we know it. The post Banks Will Bend or Bust as Embedded Finance Transforms Centuries of Traditional Commerce appeared first on.

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Report: New banking trojans rise 80% each year

Venture Beast

These trojans target mobile banking on smart phones to steal personal credentials, messages with one-time passwords, and credit card info. Read More.

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Powering Personalization Through Customer Data

Finding the right CDP can help unlock the value of your customer data. This eBook offers guidance on choosing, deploying, and utilizing a CDP, along with a case study on how one bank put data into action to forge stronger connections with customers.

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Banks Edge Closer to Ethereum 2.0 Staking

CTOvision

Read why Ian Allison feels that in the near future, mainstream banks could opt for Ethereum 2.0 on Coindesk : Banks could one day be key participants in Ethereum 2.0.

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LendingClub CEO Discusses Building a Digital Marketplace Bank

Information Week

Chat at LendIt Fintech USA conference explored how the agility of fintech, and the resilience of a bank can combine

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Three Ways Banks Can Engage Younger Consumers in the Metaverse

IT Toolbox

Commerce in the metaverse is real today, and banks must adapt business strategies to reach the next-gen of customers seeking personalized experiences. The post Three Ways Banks Can Engage Younger Consumers in the Metaverse appeared first on Spiceworks.

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Why is open banking so important to credit unions and community banks? (VB On-Demand)

Venture Beast

Learn how open banking is changing the financial services industry, and the opportunities being enabled by regulatory changes. AI Business Commerce Entrepreneur category-/Finance Consumer Finance Protection Bureau Envestnet | Yodlee open banking open banking APIs

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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. 23 that FBH, the parent company of Farmington State Bank, received $11.5

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

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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

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Banks Have A Variety Of Islamic Banking Platforms To Choose From

Forrester IT

The World Bank explains Islamic finance as "equity-based, asset-backed, ethical, sustainable, environmentally and socially responsible finance." In previous Forrester research, we have described many of the core principles of Islamic banking: limitations on interest, certain contractual considerations, and the prevention of gambling -- which limits many of the speculative aspects of financial services. Islamic banking. banking. banking platform transformation.

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How open banking is helping credit unions and banks compete in a fragmented financial ecosystem (VB On-Demand)

Venture Beast

Business Dev Enterprise Entrepreneur Banking-as-a-Service category-/Finance community banks credit unions Envestnet | Yodlee open banking open banking APIs

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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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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

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New Android banking malware disguises as crypto app to spread

Tech Republic Security

A new banking Trojan dubbed "Malibot" pretends to be a cryptomining application to spread between Android phones. The post New Android banking malware disguises as crypto app to spread appeared first on TechRepublic.

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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

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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.

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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

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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.

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FinTech Tools, Security Concerns Top of Mind for Gen-Z Banking

Information Week

Banks and financial institutions are turning to data analytics and AI to help Gen Z with planning and tapping into biometrics to assuage their cybersecurity concerns

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The Feds Wants Stablecoin Companies to Register as Banks: Report

GizModo VR

As the Biden administration wrestles with plans to wrangle the notoriously under-regulated world of cryptocurrency, some officials are apparently taking cues from the tightly-controlled world of banks.

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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. Moonstone Bank, formerly known as Farmington State Bank, was acquired in 2020 by FBH.

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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.

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Online Banking Without Third-Party Cookies

The countdown to the end of third-party cookies continues. and we’re seeing the beginning of a new era in digital marketing: are you ready? Check out our strategies for connecting with customers in a changing digital landscape to know for sure.

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Thousands Learn That Extra Money in Their Account Is No Christmas Gift, It’s a $176 Million Bank Error

GizModo VR

Tens of thousands of people in the United Kingdom probably thought they had been especially good this past year when they saw their bank accounts on Christmas Day, all of which had more money than they expected.

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Distributed Ledger Technology In Banking — Neither Major Upheaval Nor Dead Silence

Forrester Digital Transformation

Blockchain has added value for banks when filling white spaces or replacing inadequate solutions. Age of the Customer Banking Blockchain Business ValueFully operational systems are few and far between.

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Banking Functionality Doesn’t Differentiate Banking Software Anymore, But Technology And Ecosystems Do

Forrester Digital Transformation

Functionality in retail and corporate banking is not highly differentiating anymore. In the future, only those that can support partner solutions in their ecosystem seamlessly can fully cope with banking industry's expanding requirements.

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Chime's Banking App Locked Up Customer's Money for Months During the Pandemic

GizModo VR

Chime is a banking app that’s racked up glowing praise for its forgiving overdraft policies and easy payment options.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

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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

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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.

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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.

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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

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Your Team's Pragmatic Guide to Security

Speaker: Naresh Soni, CTO, Tsunami XR

The pandemic has led to new data vulnerabilities, and therefore new cybersecurity threats. As technology leaders, it's time to rethink some of your product security strategies. Whether you need to rework your security architecture, improve performance, and/or deal with new threats, this webinar has you covered.