[NOTE: This will be the final issue of Tech Talk for 2021. We will return on January 7th, 2022.]

December 17, 2021


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

  • The convergence of fintech & banking
  • Fintech communities: The future of banking?
  • Virtual, live chat for banks
  • Banking-as-a-Service disrupting an industry
  • Harnessing the power of alternative data
  • Crypto for real-time payments?
  • Payments methods & facial recognition
  • 'Relevant banking' increases bottom line
  • Passwordless payments face challenges
  • 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.

The convergence of fintech & banking
Automating your internal loan process is good but is only part of the job. The goal should be a great experience for business borrowers from the application on. Get the details at: Tech Talk.

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Document management software can save your bank thousands of dollars each year, reduce risk, and streamline your IT operations. Download a free spreadsheet from AccuSystems to run the numbers.
— AccuSystems

Fintech communities: The future of banking?
Community fintech companies have to maintain a balance between innovation, machine learning and ensuring their members and customers do not miss out on the human touch. Get the details at: Tech Talk.

Virtual, live chat for banks
Clinc's platform uses natural language processing to understand how customers talk and can understand both slang and context. With more complex inquiries, the virtual banking tool can transfer interactions to customer service representatives through Glia's live chat. Get the details at: Tech Talk.

Banking-as-a-Service disrupting an industry
Vodeno is transforming the financial services industry, offering instant access to the most comprehensive cloud-native banking-as-a-service platform available on the market. Get the details at: Tech Talk.

Streamlining Month-End Reconciliations Through Automation
Derek Slone, the long-time Corporate Controller of Stock Yards Bank (SYB), a 100+ year-old publicly traded financial institution hovering around $6 billion in assets, discusses SYB's journey to reach a more streamlined month-end balance sheet reconciliation process almost a decade ago, as the Bank crossed $1B in assets.
— SkyStem

Harnessing the power of alternative data
Alternative data sets include credit card transaction data, mobile device data, IoT sensor data, satellite imagery, social media sentiment, product reviews, weather data, web traffic, and app usage. Financial institutions are using this data to make more informed investment or credit decisions. Get the details at: Tech Talk.

Crypto for real-time payments?
Technology is not the gating issue to making payments cheaper, faster and more transparent to consumers when it comes to moving money cross-border — the gating factor is regulation. Get the details at: Tech Talk.

Alternative payments methods & facial recognition
The Fintech Times Podcast team speak on Alternative Payment Methods, taking a focus on online checkouts as well as discussing the recent findings from a face biometrics provider. Get the details at: Tech Talk.

'Relevant banking' increases banks' bottom line
More and more, banks, fintechs, and enterprises are sharing data they have about users – so they can offer consumers personalized options that serve their unique needs and circumstances. Get the details at: Tech Talk.

Passwordless payments must overcome consumer snub
Fast ID Online (FIDO) authentication protocol debuted back in 2012 and promised us a future where we wouldn't have to use passwords. Nearly a decade in, it seems to be proving that gaining widespread adoption isn't as easy as that old adage — build it and they will come — might imply. 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.


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On the lighter side...

In this season of giving, you may have received a request for electronics. This video could explain the need. Expensive Technology Fails



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