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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. The war for talent makes all this more difficult. The record low 3.6%

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FBI Director: China Wants To Steal US Tech By ‘Any Means Necessary’

PYMNTS

technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . based technology in all 56 of our field offices and spanning just about every industry sector,” Wray said. William Evanina, a senior U.S.

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WHO Warns Europe Is Entering ‘Acute’ Phase Of Pandemic

PYMNTS

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. in particular, has been extremely hard-hit. “We To date, Europe has confirmed approximately 27.5 million cases of COVID-19 and 603,563 deaths.

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FEMA Looks At Blockchain To Aid Disaster Payouts

PYMNTS

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. to launch an alternative crypto-enabled payment infrastructure for residents across the region.

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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

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US Bans Chinese Facial Recognition Tech

PYMNTS

A Chinese company that develops facial recognition technology could be facing a ban in the U.S. The cameras are also used to track Muslims coming in and out of mosques in the western Chinese region of Xinjiang, which has led to the detention of thousands of ethnic Uighurs and other Muslim minorities in internment camps.

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Bose To Shutter 119 Tech Stores

PYMNTS

“In other parts of the world, Bose stores will remain open, including approximately 130 stores located in Greater China and the United Arab Emirates, and additional stores in India, Southeast Asia and South Korea,” the company said. Bose also talked about how it tried to keep up with changing technological trends. “In