January 27, 2023

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

  • US banks lead the field with AI
  • Apple patches WebKit code execution
  • Consumers want more banking measures
  • A guide to data inventory
  • US banks team up on new digital wallet project
  • Largest bitcoin ATM software provider sold
  • Merchants accept online bank transfers
  • U.S. is one step closer to open banking
  • Digital wallet battle easier vs Apple Pay
  • 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.

US banks lead the field with AI
Evident, a benchmarking and intelligence company, says its inaugural Index can rank the 23 largest banks in North America and Europe on their competence in AI. “As the real-world application of AI accelerates at astonishing speed, we believe that this transformation is too important — for managers, for investors, for society at large — to be happening in a darkened room. Get the details at: Tech Talk.

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Apple patches WebKit code execution in iPhones
The most serious of the documented vulnerabilities affect WebKit and can expose both iOS and macOS devices to code execution attacks via booby-trapped web content, Apple warned in multiple advisories. Get the details at: Tech Talk.

Consumers want more banking security measures
PYMNTS’ latest research finds that despite a general satisfaction with existing security measures financial institutions (FIs) use, half of all adult consumers feel their banks must take additional steps to protect their assets and personal information — especially for non-routine transactions. Get the details at: Tech Talk.

A guide to data inventory
Creating a data inventory allows organizations to improve operational efficiency, meet compliance obligations, mitigate risk and achieve data-driven business outcomes. Get the details at: Tech Talk.

US banks team up on new digital wallet project
A number of US banking heavyweights are reportedly teaming up to offer a digital consumer e-wallet in order to grab market share from tech titans Apple and PayPal. Get the details at: Tech Talk.

World's largest bitcoin ATM software provider sold
Andrew Barnard and Doug Carrillo, co-founders of Bitstop, have purchased Genesis Coin Inc., the largest bitcoin ATM software platform. Get the details at: Tech Talk.

Merchants accept online bank transfers
The new Wafi.cash provides these businesses with an application programming interface (API) to process bank payments and reduce their payment processing fees, Wafi said in a Tuesday (Jan. 24) blog post. Get the details at: Tech Talk.

U.S. is one step closer to open banking
We at Envestnet applaud the CFPB for pushing ahead with rulemaking that will transform Americans’ ability to share their financial data seamlessly and securely with third-party financial service providers, and in turn, get a more holistic and accurate view. Get the details at: Tech Talk.

Banks' digital wallet battle easier vs Apple Pay
The digital wallet is slated to debut in the second half of the year, and though some of the details have yet to be made public, we know at this point that the digital wallet will be linked to Visa and Mastercard’s debit and credit cards. Get the details at: Tech Talk.









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