November 20, 2020

Tech Talk Editor George Milner has compiled a summary of this week's tech and cybersecurity news:

  • A new text-based challenger bank
  • Ecosystems: The key to success
  • A digital identity protection solution
  • Six examples of embedded finance
  • Banking apps more popular than social media?
  • Leveraging AI to transform banking
  • Collaboration on a bank-in-a-box
  • Banks: Fighting fraud in the future
  • Biometrics will not fix all your woes
  • Spam, Scams & Breaches
  • Updates, Patches & Alerts
  • and on the lighter side...
For more information, including a direct link to the source articles, visit the Tech Talk page on BankersOnline.com.

A new text-based challenger bank
Bella, a new challenger bank launching on November 30th is trying to differentiate itself by allowing users to interact with the app using keywords and text commands. Get the details at: Tech Talk.

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Ecosystems: The key to success
While the word "Ecosystem" was almost unused in the financial services world a few years ago, today it is on the top of the agenda of every bank and insurance company. Get the details at: Tech Talk.

A digital identity protection solution
Malware attacks, social engineering and bot activity are the top 3 threats for users of eCommerce and banking portals. In the first half of this year, Group-IBís Fraud Hunting Platform shielded banking and eCommerce portals in Europe and Asia from bot activities, malware, and social engineering attacks and saved them roughly $140 million. Get the details at: Tech Talk.

Six examples of embedded finance
Embedded finance is the future of the financial services industry. Itís the merging of a non-financial service provider, such as a retailer or ride-sharing company, with a financial service, such as payment processing, lending, or insurance. Get the details at: Tech Talk.

Pandemic: Banking apps more popular than social media
This year has seen people, including older generations, flock to banking online and on their phones to ensure they stay on top of their money and bills amidst the COVID-19 pandemic. According to Mastercardís research, people in the UK are now more likely to have a banking app than a social media app on their mobile phone. Get the details at: Tech Talk.

Leveraging AI to transform banking
MobilePaymentsToday.com interviewed eGainís Evan Siegel, Vice President of financial services and AI solutions. Discover how AI is improving customer experience and their financial well being. Get the details at: Tech Talk.

Collaboration on a bank-in-a-box project
Movencorp, Inc., the NY-based fintech innovator announced a collaboration with Q2, a secure, cloud-based digital transformation company headquartered in Austin, Texas, to provide a turn-key digital bank-in-a-box that can be deployed in as little as 30 days. Get the details at: Tech Talk.

Banks: Fighting fraud in the future
James Heinzman, EVP of financial services solutions for ThetaRay, spoke with ATM Marketplace on how the pandemic has changed security models and practices for dealing with fraud and what needs to be done for the future. Get the details at: Tech Talk.

Biometrics will not fix all your authentication woes
As the number of data breaches shows no signs of decreasing, the clamor to replace passwords with biometric authentication continues to grow. However, there are several flaws, including one with potentially fatal implications, that organizations canít and shouldnít ignore when exploring biometric authentication. Get the details at: Tech Talk.









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On the lighter side...

With Thanksgiving just around the corner, it's heartwarming to see what a Canadian bank did to thank their customers. Automated Thanking Machine



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