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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Bitcoin, other crypto assets targeted for stiff banking regulation

CTOvision

Read why Simon Clark says that the cryptocurrency boom could soon be over since the proposed Basel norms would require every bank to back the Bitcoin they possess with an equivalent dollar reserve on Live Mint : The top global standard setter for banking regulation proposed a strict new rule that would require banks to […]. News bitcoin

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

CTOvision

Not among banks, […].

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.

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.

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 […].

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

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.

$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.

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

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.

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.

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.

Major Banks Hit by Infuriating Customer Service Phone Outage

GizModo VR

A phone system glitch linked to Verizon made it impossible for countless customers to call their banks and other companies. Read more.

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

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

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.

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.

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.

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.

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.

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.

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

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.

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 […].

Bank Robbers in the Middle East Reportedly 'Cloned' Someone's Voice to Assist with $35 Million Heist

GizModo VR

Criminals appear to have stolen some $35 million from a United Arab Emirates bank with the help of AI-enhanced voice simulation, according to a new report from Forbes.

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.

How FDX standards are paving the way for open banking in North America (VB Live)

Venture Beast

Commerce Data Dev Enterprise Entrepreneur Mobile Security VB Home Page category-/Business & Industrial/Business Finance category-/Computers & Electronics Envestnet | Yodlee open API standards open API standards in finance open banking open finance

Moving Banks Out of their Brick-and-Mortar Mindset

Information Week

Fintech firms competing with physical premises banks want to take over your direct customer relationships, to drain the most profitable parts of the value chain.

Lloyds Bank digital banking problems an industry warning

Computer Weekly

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

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

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

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.

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.

Bank of England warns of potential risks from cloud data providers

Venture Beast

The Bank of England is considering stronger controls on cloud providers and technology firms to manage possible third-party risks. Read More.

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.

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 […].

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.

Starling Bank opens API with hackathon

Computer Weekly

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

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.

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.

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.