September 30, 2022

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

  • Fed: Regulate crypto before DeFi, banking meld
  • Open banking is key to combating fraud
  • Most consumers trust banks for super apps
  • A first-class omnichannel banking experience
  • 3 reasons a digital dollar is a long way off
  • Banks can measure return on experience
  • How does ID crime affect victims?
  • Future proof your ATM portfolio
  • BaaS offers capital access on-ramp
  • 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.

Fed: Regulate crypto before DeFi, banking meld
Federal Reserve Chair Jerome Powell thinks the crypto industry could cause broader financial turmoil in the future than it has so far, so thereís a need for better regulation, Bloomberg wrote. He said there was a need for more appropriate regulation so that, as DeFi grows, there will be rules in place. Get the details at: Tech Talk.

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Open banking is key to combating fraud
The significant advancements in technology used to fight against fraudsters and their attempts to commit financial crime are being embraced by many industries. AI tools such as open banking are making a real difference in the referencing process. Get the details at: Tech Talk.

Most consumers trust banks for super apps
The super app shift favors the banks, with decades of experience and long-lived relationships with customers. The super app shift favors the FinTechs, with the ability to innovate in a world that is constantly, and increasingly, going digital. The deciding factor, of course, lies with the consumer. And at least for now, the advantages lie with traditional providers, namely, the banks. Get the details at: Tech Talk.

A first-class omnichannel banking experience
Omnichannel has been a buzz word for many years now, as businesses across multiple verticals have attempted to create impactful experiences via multiple digital and physical channels. Banks have struggled to create this seamless experience. Get the details at: Tech Talk.

3 reasons a digital dollar is a long way off
Itís a sign of a growing recognition that the Federal Reserve was right in its earliest assessments of the difficulties of designing and building a central bank digital currency (CBDC) that go far beyond whether it will run on a digital ledger like those that blockchains, cryptocurrencies and especially stablecoins are built or some other technology. Get the details at: Tech Talk.

How can banks measure return on experience?
Everyone is familiar with return-on-investment, but at times that may not be the best or only thing a bank or company should measure. A panel at the Bank Customer Experience Summit discussed how banks can measure return on experience. Get the details at: Tech Talk.

How does identity crime affect victims?
The Identity Theft Resource Center (ITRC) has published research that shows nearly 40 percent of ITRC victims say their personal information was stolen, compromised or misused in the past year. Get the details at: Tech Talk.

Future proof your ATM portfolio
Selling merchant services allows your business to continue providing much-needed ATM and cash services for future generations while also following the growing revenue opportunities. Get the details at: Tech Talk.

With blockchain, BaaS offers capital access on-ramp
Banking-as-a-service is becoming commoditized, where scores of FinTech players (and banks) around the globe have scrambled, en masse, to issue debit cards in digital wrappers or bring basic checking services to consumers. 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...

Last week, we showed off some amazing robot dancing. However, there are also some spectacular robot fails!

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