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The ultimate in convenient banking: make payments by thinking

Trends in the Living Networks

In my presentation at yesterday’s media launch of ANZ’s Banking on Australia program , I spoke about new ways of making payments using biometrics. The technology could be utilized for organizations requiring very high assurance of a person’s identity including federal/state/local government and financial institutions.

Banking 156
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Arvest Bank reskills IT to support its banking core refresh

CIO Business Intelligence

When Arvest, a regional bank operating in Arkansas, Kansas, Missouri and Oklahoma, hired Laura Merling as chief transformation and operations officer in 2021, one of the first things she changed was its digital transformation plan. We wanted to be the leading community-focused bank serving commercial and small businesses.”

Banking 97
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How Serious Is The Lack Of Machine Learning Talent?

The Accidental Successful CIO

However, at banks, insurers and other financial companies their use of artificial intelligence is being especially hampered by a scarcity of data and talent. The banking and financial services sector have been showing a steady increase in demand across the board for AI-enhanced robotic process automation tools.

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Social Engineering and Phishing

CTOvision

Notice that the email message looks as if it came from the user’s bank. The formatting most likely matches that of the bank’s typical email messages. The name of the bank looks correct, and the user’s name even looks properly addressed in the message. The email message did not originate from the bank.

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Meet the 4 new startups joining a fintech incubator run by BECU and UW in Seattle

GeekWire

Four Seattle startups have won a slot in a financial technology incubator run by banking company BECU and CoMotion, the innovation arm of the University of Washington. The year-long program provides support, training, mentorship and space to fintech innovators in the Seattle region, which has a growing fintech ecosystem.

Meeting 136
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Mastercard takes on UPI with new biometric payment passkey in India

CIO Business Intelligence

The new service will initially pilot in India with some of the country’s largest payment players, including payment aggregators such as Juspay, Razorpay, and PayU, along with major online merchants like bigbasket and leading banks such as Axis Bank, Mastercard said in a statement.

Banking 122
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Trojan source code leak poised to spur new online banking attacks

Network World

The source code for a new Trojan program that targets banking services has been published online, offering an easy way for unskilled cybercriminals to launch potent malware attacks against users. The Trojan is called Nuclear Bot and first appeared for sale on underground cybercrime forums in early December for $2,500.

Banking 60