April 26, 2024

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

  • Banks to offer installment plans at checkout
  • Design thinking in banking
  • AI-driven fraud defense
  • The journey of bank payment data
  • ID fraud forces banks to embrace innovation
  • Biometric authentication for pay-by-bank
  • AI added to financial crime management
  • Top banking digital signage trends
  • 80% of FIs confident on integrating AI
  • 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.

Banks to offer installment plans at checkout
PYMNTS Intelligence has found that 70% of consumers want to be able to access BNPL plans offered by banks rather than FinTechs. Consumers who plan to use BNPL products also want to trust their credit provider, which is where banks may hold some advantage. 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

Design thinking in banking
By applying design thinking to the user experience in banking, you can create more intuitive, user-friendly, and effective financial products that better implement business strategies in line with the needs of customers. Get the details at: Tech Talk.

AI-driven fraud defense
Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers. Get the details at: Tech Talk.

The journey of bank payment data
The potential for creating value from raw payment data is enormous, provided the data is centralized consistently and reliably. Specialized tools are highly recommended for this purpose. Get the details at: Tech Talk.

ID fraud forces banks to embrace innovation
And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical sectors are increasingly faced with the daunting task of safeguarding against a shifting mix of fraudulent attack strategies from adversaries and criminals — both online and off. Get the details at: Tech Talk.

Biometric authentication for pay-by-bank
Waave, an Australian open banking company for account-to-account payments, has introduced a new wallet solution to house its upgraded Pay by Bank product, which now offers biometric security access. Get the details at: Tech Talk.

AI Copilot added to financial crime management
Verafin has added an artificial intelligence (AI) copilot to its suite of financial crime management solutions. The new Entity Research Copilot is being rolled out to the firm’s customer base of more than 2,500 financial institutions. Get the details at: Tech Talk.

Top banking digital signage trends to watch
Omnichannel experiences are driving behaviors that motivate, inspire, and stir emotions that prompt action in bank branches. Digital signage has emerged as an essential component of these experiences. Get the details at: Tech Talk.

80% of FIs confident on integrating AI
The extent AI will have on organizations was further explored as 81 percent of respondents were confident that their data teams could build the AI capabilities and infrastructure needed to support AI workloads. 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...

Comedian and actor Kevin James has some comments concerning the rope line at the bank.


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