For more information, including a direct link to the source articles, visit the Tech Talk page on BankersOnline.com.
Americans trust FIs to protect data
For open banking to revolutionize real-time payments, it must address ongoing concerns about data security and privacy. By addressing industry concerns and creating a secure environment for data sharing, open banking can achieve its full potential. Get the details at: Tech Talk.
Modern Payments Infrastructure: 1 Platform, 1 API, All Channels
Alogent’s 6-page PDF explores the benefits of new tech stacks for deposits automation, including microservices. Read about transaction processing, dockers, containers, APIs, and payment infrastructure modernization.
— Alogent
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Human oversight, GenAI, and instant payments
Research reveals that AI is already having an impact on headcount, with 38 per cent of banks believing AI can already reduce the number of business analysts needed for these projects. Despite this, banks still believe human oversight remains essential. They believe in a balanced approach to human and AI collaboration. Get the details at: Tech Talk.
ATM Security: Global best practices
As banks grapple with increasingly complex and fast-evolving threats, securing the self-service channel is more critical than ever. In this webinar, security experts reflect on the current ATM attack landscape, its evolution and trends and best practices in ATM security. Get the details at: Tech Talk.
FinCEN: Check fraud approached $700 million
Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the reports were filed by banks, to the tune of 88% of all reports by filing. Online account opening is largely to blame. Get the details at: Tech Talk.
Delivering financial education successfully
When asked what financial education is today, Namrata Yadav, academy executive for community advancement at Bank of America, said it's about "everything around financial resiliency. It's about cyber awareness, fraud, how to save, pay off credit cards and more." Get the details at: Tech Talk.
Using BaaS to manage financial crime risks
The focus is now back on BaaS as an asset for banks and FinTechs, offering technological infrastructure that fuels growth in an increasingly digital economy. However, it’s crucial to recognize the risks involved in these partnerships. Get the details at: Tech Talk.
The rise of open banking
The financial services sector is experiencing a seismic shift with the advent of open banking, a new regulatory and technological framework that is redefining how consumers interact with financial institutions. By fostering collaboration between banks, fintech companies, and third-party service providers, open banking is ushering in an era of transparency, innovation, and enhanced customer experiences. Get the details at: Tech Talk.
Anti-fraud tools for banks
Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. The new tools are designed to offer real-time fraud detection and risk management services amid a surge in digital transactions and evolving cyber threats. Get the details at: Tech Talk.
Modernize or fall behind
Financial institutions need to understand what technology upgrades are needed to ensure they continue operating smoothly and take a hard look at legacy systems that require significant effort and changes to keep up. Get the details at: Tech Talk.
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