Our 7 Questions to Prevent Bad Bank Technology

South State Correspondent

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. This article looks at the seven strategic questions you need to answer before acquiring any piece of technology.

Predictions for 2021: The World is a Digital Place

Payments Dive

Seth Brennan, CEO of North Lane Technologies, a payments industry veteran, shares his thoughts on the year ahead 2020 was a difficult year in many aspects, but it also challenged the payments industry to find new solutions to work through the limitations of the pandemic.

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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.

Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. Auditors, compliance, … The post Technology is business appeared first on Chris Skinner's blog. This is clearly demonstrated in their microservices team structures and agile thinking.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Mastercard Debuts NextGen Contactless Technology

PYMNTS

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS.

The diversity of financial technologies

Chris Skinner

I do adjust the … The post The diversity of financial technologies appeared first on Chris Skinner's blog. I was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries. I thought about it for a second, and realised that I don’t. Fintech Grid

Six contactless technologies for restaurants in a post-pandemic world

Payments Dive

Restaurants looking to recover from the COVID-19 pandemic should consider a series of contactless ordering and payment technologies that will help bring customers back in a secure and healthy environment

Are you in banking or technology?

Chris Skinner

That realisation is a simple but important one, and it is this: dealing with technology is very different to dealing with money; furthermore, dealing with money through technology is very different to dealing with technology through … The post Are you in banking or technology? I’ve had a lot of conversations with bankers and technologists, and realised something recently.

Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. Case Studies Digital Bank Grid Innovation Numbers Opinion TechnologyI was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

Castles Technology Buys Spire Payments

PYMNTS

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct.

2020: a decade in technology

Chris Skinner

Here are his top 10 things … The post 2020: a decade in technology appeared first on Chris Skinner's blog. As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles.

Can self-service technology securely reduce COVID-19 risk?

Payments Dive

Technology that allows consumers to control kiosks remotely holds an important clue Can people be sure that self-service devices are being properly maintained to reduce the risk of spread of coronavirus?

AI is not a technology change but a cultural one

Chris Skinner

If you are a customer of Chinese financial services group Ping An, … The post AI is not a technology change but a cultural one appeared first on Chris Skinner's blog. Digital Bank Grid Opinion TechnologyI just picked up a Financial Times article talking about how Artificial Intelligence (AI) will change the way you deal with money. It’s actually more about the Chinese internet giant Ping An, and how they’re changing finance using AI.

Trusted AI 102: A Guide to Building Fair and Unbiased AI Systems

The risk of bias in artificial intelligence (AI) has been the source of concern and debate. High-profile examples demonstrate the reality that AI is not a default “neutral” technology and can come to reflect or exacerbate bias encoded in human data.

Trends In Retail Technology And Consumer Spending

PYMNTS

And sellers are adopting biometric-based verification and artificial intelligence (AI) technologies to attract shoppers and keep fraudsters away. Today In Data Commerce Consumer Spending Innovation News payments Retail Technology Today in Data

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Wachter helps retailers integrate customer engagement technology

Payments Dive

Matt Tyler, director of IoT, Wachter, discusses how the network technology integrator identifies the turnkey solution that works to address the challenges retailers face in attracting new customers

Reimagining The Bank As A Technology Company

PYMNTS

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one.

Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Advancing Retail And Education With Digital Technology 

PYMNTS

And in education, Google and Apple are facilitating students’ return to class with the help of technology. Today In Data Commerce direct-to-consumer DTC Education Innovation News payments Retail Technology Today in Data

A Future-Ready Approach: Journey to the Cloud

Accenture

Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world.

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Airports Expand Range Of Digital Identity Technology

PYMNTS

Now, CLEAR's touchless technology is able to connect identity to health insights to help people feel confident walking back into the office.". Among the segments affected by the pandemic, air travel remains near the top of the list when it comes to industries that have been hard hit.

Throwing technology over the wall

Chris Skinner

The … The post Throwing technology over the wall appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation Opinion TechnologyI was listening to someone talking about monolith versus microservices structures recently, and they likened it to an old car versus a new one. Old cars were made of metal and welded together into a solid machine where, if any part breaks, you have to replace the whole machine.

AI in Manufacturing

Manufacturers want to deliver the best products on the market as quickly and ethically as possible. Learn how to solve your most urgent manufacturing and business needs with an enterprise AI platform.

FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks.

Listen: Bank technology spend rises

BankInovation

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News editors drill down on technology spending at banks. Retail Banking podcast Premium technology budgets The Buzz Weekly Wrap

Transforming core banking with the right technology

Accenture

The post Transforming core banking with the right technology appeared first on Accenture Banking Blog. We all know the industry is rapidly moving to digital.

Commoditization, Optimization or Transformation: What’s in Your Core Wallet?

Gonzobanker

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Core Processing Digital Banking Technology core system technology core system vendors core transformation

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Banks need to be technology giants

Chris Skinner

It started as a ledger system a thousand years ago so that pilgrims could travel to the Holy Land under the … The post Banks need to be technology giants appeared first on Chris Skinner's blog. I got into one very interesting discussion with a digital banker. He was underscoring how important data is in banking, and referenced the fact that banking started with data.

Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology. Auditors, compliance, … The post Technology is business appeared first on Chris Skinner's blog. This is clearly demonstrated in their microservices team structures and agile thinking.

Open Banking—lessons in technology, security and APIs

Accenture

One of the main reasons it took so long to define the Regulatory Technical Standards (RTS) is the challenge around technology and the development of the necessary application program interfaces (APIs)…. Uncategorized APIs Banking Technology Open Banking Secure Customer Authentication (SCA

Winner’s Podcast: Markets Technology Awards 2022

Bobsguide

Following CompatibL’s recent win at Risk.net’s Markets Technology Awards 2022, Alexander Sokol spoke about the advantages of the new machine learning models for portfolio validation and risk management. The post Winner’s Podcast: Markets Technology Awards 2022 appeared first on Bobsguide.

Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.