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.

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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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

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.

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.

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

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.

The Coming Bank-Bitcoin Boom: Americans Want Cryptocurrency From Their Banks

CTOvision

Not among banks, […].

Bitcoin will soon be available through hundreds of US banks in a partnership with crypto firm NYDIG, report says

CTOvision

Bitcoin will become available to customers of hundreds of banks in the US this year, according to a CNBC report Wednesday. Banks are requesting bitcoin […].

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

U.S. Banks Say Russian Cyberattacks Increasing

SecureWorld News

The New York Post reports that United States banks are witnessing a significant increase in cyberattacks since NATO and many Western allies imposed financial sanctions on Russia, saying that it seems the country has declared cyberwar on the U.S.

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.

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

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.

Success Of New-School Vendors Shows That Lean Core Banking Is Finally Here

Forrester Digital Transformation

Modern banking platforms allow banks to elevate their customer experience and deliver more business value more seamlessly and more effectively. Find out about the key trends in the 2021 banking platform software market.

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.

$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions

CTOvision

banks will be able to offer bitcoin purchases to an estimated 24 million total customers. Soon, 650 U.S.

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.

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

The Rise of Crypto: Banks Edge Closer to Ethereum 2.0 Staking

CTOvision

staking could be the future of secure banking in the world on Coin Desk : Banks could one day be key participants in Ethereum 2.0. Read Ian Allison explain how Ethereum 2.0

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

Hungarian gov teams up with Eastern European bank to develop AI supercomputer

Venture Beast

OTP Bank and the government agreed that Hungarian was unlikely to get its own AI language model soon if they didn't take the initiative. Read More.

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.

Predictions 2022: Banks Will Double Down On Innovation

Forrester Digital Transformation

To compete and survive in an increasingly unpredictable, post-pandemic world, banks will invest heavily in technology, talent, and sustainability in the coming year. Age of the Customer Banking financial services fintech infrastructure & operations predictions

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

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.

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.

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.

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 […].

Lloyds Bank digital banking problems an industry warning

Computer Weekly

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

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.

Virtual Banks In Hong Kong Are In A Race To Win, Serve, And Retain Customers

Forrester Digital Transformation

In the past three years, eight virtual banks have started operations in Hong Kong and have achieved early results in customer acquisition. Age of the Customer Banking fintech

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.

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.

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.

New Xenomorph Android malware targets more than 50 banking and financial applications

Tech Republic Security

Some banking malware targets mobile devices and can quickly steal money from banking accounts. Meet Xenomorph, a new malware targeting Android and more than 50 banking and financial applications.

This Crypto Subsector Coming for Banks and Fintech, Says Chainlink Founder Sergey Nazarov

CTOvision

The CEO of Chainlink Labs Sergey Nazarov is saying the nascent decentralized finance (DeFi) space could emerge as a primary competitor of banks and financial technology (fintech) firms.

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.

What’s New In European Mobile Banking

Forrester Digital Transformation

Forrester reviewed the mobile apps of 13 European banking brands in June and July of 2021 for both functionality and user experience. Age of the Customer Banking Europe mobile technology user experience (UX

The BNPL Opportunity For Banks: How To Tap Into This Growing Market

Forrester Digital Transformation

With a strong presence on major retailers’ websites and increasing brand awareness among consumers, BNPL is receiving growing attention from the world’s top banks, lenders, and credit card providers. Age of the Customer Banking digital business financial services fintech Retail Trends

Starling Bank opens API with hackathon

Computer Weekly

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

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.

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 […].