For more information, including a direct link to the source articles, visit the Tech Talk page on BankersOnline.com.
OCC: AI in banking is emerging risk
While the adoption of AI offers significant benefits, such as cost reduction, efficiency improvement and expanded access to credit and banking services, widespread adoption may also present challenges related to compliance risk, credit risk, reputation risk and operational risk. Get the details at: Tech Talk.
Modern Payments Infrastructure: 1 Platform, 1 API, All Channels Is it time for a solution refresh? Legacy processes can't always keep up. Ask yourself these questions to assess your payments modernization goals and explore the benefits of a single platform for all Day 1 and Day 2 processing.
— Alogent
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A Deep Dive into Matching and Reconciliation
Matching in financial services is a multifaceted challenge, but understanding its fundamental steps is key to improving outcomes. While tools like Excel offer temporary solutions, the future lies in intelligent automation, which can significantly streamline these processes. Get the details at: Tech Talk.
Gen Z interested in AI-enabled banking
Interest in AI-enabled shopping and banking services is growing among consumers, with approximately 4 in 10 expressing interest. This interest is driven by consumers’ increasing familiarity with AI and its integration into their daily lives. Get the details at: Tech Talk.
Is human-less banking backfiring?
Advances in AI, machine learning, and data analytics also enable banks to offer more sophisticated digital services, including fraud detection and personalizmed recommendations. However, our data revealed that 74% said they felt their banking “isn’t personal enough”, while 47% said chatbots simply aren't answering their questions. Get the details at: Tech Talk.
Millennials want more visible security
While passwords have long been the dominant method of authentication, consumers are increasingly turning to biometric authentication. When it comes to routine online financial activities and transactions, 30% of consumers expressed a desire for more of these visible security measures when accessing accounts. Get the details at: Tech Talk.
Cybersecurity Insurance: Once optional, now essential
It has never been more important for business and IT leaders to take a fresh look at their cybersecurity processes and practices, and to contemplate several initial actions when considering their strategy for cybersecurity insurance. Get the details at: Tech Talk.
FedNow is ‘doing what it was planned to do’
There are more than 200 institutions that have signed on to FedNow, and several service providers — Form3 included — have been certified to support those customers. Get the details at: Tech Talk.
Deep Dive: Beyond the basics of BaaS
BaaS effectively dismantles the traditional silos of banking, offering a modular approach where various financial services such as payments, lending, and account management become accessible building blocks. Get the details at: Tech Talk.
The embedded finance opportunity for software platforms
Embedded finance has the potential to revolutionize the way software platforms and marketplaces operate. Yet for all its promise, certain barriers stand in the way of broader adoption by Software-as-a-Service (SaaS) platforms and marketplaces. Get the details at: Tech Talk.
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