April 9, 2021

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

  • Banking trojan surges: The new Emotet?
  • Fintech: Content marketing compliance tool
  • Early feedback spurs banks to join FedNow
  • Not a branch. An ATM outpost.
  • Mobile providers exposing sensitive data
  • How do you prevent downtime?
  • Who are banks competing against?
  • The digital wallet’s new frontier
  • Embedded finance: The next wave
  • 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.

Banking trojan surges: The new Emotet?
IcedID bears similarities to Emotet in that it's a modular malware that started life as a banking trojan used to steal financial information. Increasingly though, it's being used as a dropper for other malware, researchers noted also just like Emotet. Get the details at: Tech Talk.

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Fintech: Content marketing compliance tool
Fintel Check is designed specifically for banks, financial institutions, and fintechs to monitor their product and brand content and ensure that critical information like interest rates, terms and conditions, and more are accurately represented in marketing campaigns. Get the details at: Tech Talk.

Early feedback spurs banks to join FedNow
Financial institutions, tech providers and fintechs have high hopes for the rollout of the Federal Reserve's real-time payments system FedNow, which the central bank says is on track to debut in 2023. Get the details at: Tech Talk.

Not a branch. An ATM outpost.
Freedom Northwest Credit Union is constructing an ATM "outpost" instead of a new adding branch. The outpost will have Wi-Fi, a charging station, air for tires, water bottle filling station, benches, bicycle racks and an American flag. Get the details at: Tech Talk.

Mobile providers exposing sensitive data
Sensitive data is at significant risk via form data exposure. Forms used to capture credentials, banking details, passport numbers, etc., are exposed to an average of 19 third parties. Get the details at: Tech Talk.

How do you prevent downtime?
Providing a first-rate digital experience at scale now hinges on a complex supply chain made up of the Internet, cloud and Software-as-a-Service (SaaS) services - infrastructures that lie outside a financial services firm's view and control. How can you limit downtime? Get the details at: Tech Talk.

Who are banks competing against?
For several decades, banks have held a comfortable leadership position in payments. But the rapid growth of digital payments has signaled opportunity for new market entrants to attack this status quo. Get the details at: Tech Talk.

The digital wallet’s new frontier
Payment vendors like PayNearMe have simplified life by enabling mobile bill pay using the digital wallet. With a couple of clicks, you can pay your auto loan, mortgage, and cell phone bill when it's due, from wherever you are. But first, let's define what we mean by digital wallet. Get the details at: Tech Talk.

Embedded finance: The next wave
Embedded finance has come to the fore in the last 18 months, representing a new model through which financial services can be offered. It allows non-financial brands to integrate banking and payments services into their apps and ecosystems through the use of APIs, unbundled consumer banking offerings, and provided tech to financial institutions. What's next? Get the details at: Tech Talk.









See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

On the lighter side...

And on the lighter side...

Peter Funt plays a clerk who is over-eager in looking for counterfeit bills. Candid Camera: Shredding Money



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