Tips for Tech

Tech Talk: Frictionless payments, open banking, fraud-blocking networks, and more!

Digital banks vs. big tech and fintech
Combat fraud while staying user-friendly
Frictionless payment tech forever
Staying ahead of cyberattacks
The modernization of payments
Fully automated escrow accounts
Contactless banking in a post pandemic era
Supporting full open banking adoption
A fraud-blocking network for merchants and banks
Spam, Scams & Breaches
Updates, Patches & Alerts
and on the lighter side...

Digital banks vs. big tech and fintech
For banks, digital sales are a crucial new benchmark—and a logical next step in the race to digitization. In their upcoming phase of hiring, technology buying, and strategy formulation, banks need to create a foundation for digital sales. Finextra has the details.

Combat fraud while staying user-friendly
The general consumer population is increasingly familiar with terms such as two-factor authentication (2FA), as well as the benefits of increased security and techniques adopted by financial institutions. Less familiar is the work banks are undertaking to continue to maintain security for consumers, internally and across supply chains. FinTech Futures has the details.

Frictionless payment tech forever
Setting up an effective payments procedure can seem like a complex ordeal, but it is fundamental to not only providing excellent customer service, but also to driving sales. Finextra has the details.

Staying ahead of cyberattacks
CrowdStrike announced the new CrowdStrike Falcon X Recon module that will provide customers an increased level of situational awareness through the deep, broad collection of data from digital sources. Help Net Security has the details.

The modernization of payments
While a few years ago financial institutions and big banks were hesitant to embrace cloud technology they are now much more likely to do so. It’s not a stretch to say embracing cloud technology has been one of the most important developments in recent years in the digital transformation of financial services. Finextra has the details.

Fully automated escrow accounts
A fully automated escrow accounts solution can help banks attract new customers and increase customer deposits, while reducing costs, risk exposure and the burden on their banking systems. Check out Cashfac. FinTech Futures has the details.

Contactless banking in a post pandemic era
The COVID-19 pandemic has profoundly disrupted the banking and financial services business arena as it has done to many other facets of our lives. The word ‘contact’ is extensively associated with the pandemic with various ramifications. Hence ‘Contactless Banking’ has found a new meaning and speed of adoption post the pandemic period. Finextra has the details.

Supporting full open banking adoption
Commitment from all banks towards achieving full adoption of open banking tools hasn’t always been forthcoming, and in order to maximize the potential of open banking, the financial services sector needs their whole-hearted support. FinTech Futures has the details.

A fraud-blocking network for merchants and banks
With online transaction volumes for new users increasing by more than 2X since the start of COVID, building repeat business and lifetime value represents a real opportunity for retailers. However, the challenge is that these new users are 5-7X more likely to be declined due to lack of data with legacy fraud prevention systems. Finextra has the details.

Spams, Scams, and Breaches

Updates, Patches, and Alerts...

See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

And on the lighter side...

Guess who just released a humorous banking video to help bank customers avoid phishing scams. Would you believe it's the ABA? Banks Never Ask That

First published on 10/30/2020

Briefing type:

Tech Talk

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