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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.

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ICE just signed a contract with facial recognition company Clearview AI

The Verge

The purchase order for $224,000 describes “clearview licenses” and lists “ICE mission support dallas” as the contracting office. The technology could identify someone just from a photo and put names to faces through its trove of 3 billion images scraped from social media sites — often against the platforms’ rules.

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Paul G. Allen Family Foundation giving $1.4M in COVID-19 relief aimed at underserved communities

GeekWire

We cannot overlook communities that are disproportionately burdened by the economic and social impacts of this pandemic,” Jody Allen, chair of the Allen Family Foundation, said in a news release. The data from the online survey will help inform public agencies and food banks about the needs of people experiencing economic and food insecurity.

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CIOs Struggle To Find The Machine Learning Employees That They Need

The Accidental Successful CIO

People with the CIO job at banks, insurers and other financial companies say efforts to expand their use of artificial intelligence are being hampered by a scarcity of both data and employees with the skills that are needed. Banks and financial institutions understand that they need more AI workers. In the U.S.,

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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

In the financial services sector, Oracle signed TD Bank, Silicon Valley Bank, Societe Generale in France, and the company expects to close a deal with BNP Paribas soon, Ellison said, according to a transcript from Seeking Alpha. While overall revenue including services and license support rose 4% year over year to reach $10.5

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Law firm is strictly watching the Houser LLP data breach

Dataconomy

Houser LLP reported the compromise of sensitive data, which encompassed names alongside potentially exposed information such as Social Security numbers, driver’s license numbers, individual tax identification numbers, financial account details, and medical information.

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X vs PayPal: Ex-Twitter might become the WeChat of the West

Dataconomy

With this transformation, a pivotal feature set for X will be centralized around banking and payment services. X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. . Sound like a déjà vu moment?

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