Tips for Tech

Tech Talk: Online notarization, frictionless banking, remote work risks, and more!

Staying ahead of fraud during account openings
Compliant remote online notarization
Square launches business banking
Incident response in the Covid-19 environment
Frictionless banking starts with texting
Half the world's population to use digital banking
The future of loyalty in banking is at risk
Remote work amid surge in cyber activity
FinTechs bank on reimagining business banking
Spam, Scams & Breaches
Updates, Patches & Alerts
and on the lighter side...

Staying ahead of fraud during account openings
Real-time Identity Chek® Service–New Account Scores from Early Warning Services can determine the likelihood that a customer is who they say they are, whether the customer submits the account application via a smartphone, tablet, laptop or in person in a branch. Banking Dive has the details.

Compliant remote online notarization
The new iinked Seal functionality positions Syngrafii as the foremost provider of uniquely compliant software to serve the burgeoning notarization sector, reported by the National Notary Association to have reached 4.4 million professionals in the US alone. Help Net Security has the details.

Square launches business banking
Four months after launching its industrial bank, Square on Tuesday launched business checking and savings accounts — offerings that form a bundle of products called Square Banking. Banking Dive has the details.

Incident response in the Covid-19 environment
Covid-19 has forced the financial services sector to move to a distributed workforce model and in turn, this has heightened the role of incident response (IR) teams to take a more proactive approach in supporting the new remote workforce wherever they are located. has the details.

Frictionless banking starts with texting
Digital banking is radically changing the inner workings of financial service providers, and there is one rapidly evolving trend that should be top of mind as they re-organize: consumer expectations around what a frictionless customer journey should look like. Banking Dive has the details.

Half the World's population to use digital banking
Fifty-three percent of the world's population will be using digital banking by 2026, a report from U.K.-based Juniper Research found. That's nearly double the amount now banking digitally in 2021 (2.5 billion): By 2026 4.2 billion people will have access to banking-as-a-service online. TechRepublic has the details.

The future of loyalty in banking is at risk
The past year has seen an unprecedented surge in digital banking activity, with consumers trying new ways to conduct basic banking transactions, and embracing new financial product buying behaviors. This change in behavior has resulted in increased use of alternative financial products and solutions offered by both traditional and non-traditional providers. The Financial Brand has the details.

Remote work amid surge in cyber activity
Financial institutions rapidly adopted work-from-home models in the pandemic. But the move raised the level of cyber risk, as essential employees at banks adopted virtual computing networks and embraced third-party service providers such as cloud banking. It could leave the organizations vulnerable to potential risks due to a single point of failure. Banking Dive has the details.

FinTechs bank on reimagining business banking
Business banking is being reimagined by FinTechs, in an interconnected way – one that, conceptually, creates a one-stop shop for enterprises to accept payments, interact with supply chains and tap working capital in order to finance growth. PYMNTS.com 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...

It's not a secret that our population is aging so it shouldn't be a surprise that Amazon has tailored a special edition of the Echo to address this demographic. The New Amazon Echo

First published on 07/23/2021

Briefing type:

Tech Talk

Report a problem with this page