Tech Talk: Smart ATMs, digital transformation, a facial recognition payment terminal, and more!
- A facial recognition payment terminal
- Using AI Tools for Digital Banking Success
- Digital Transformation: Real-world lessons for banks
- Framework needed to bank the crypto
- Smart ATMs serve the underserved
- Connected economy demands new banking framework
- Human interaction losing digital banking
- Faster digital checking account opening needed
- 80% of Gen Z and Millennials use money transfer apps
- Spam, Scams & Breaches
- Updates, Patches & Alerts
- and on the lighter side...
A facial recognition payment terminal
Facial recognition company VisionLabs has unveiled a payments terminal that lets shoppers make payments with a look. The VisionLabs Luna POS terminal supports both normal card transactions and biometric facial recognition payments. Finextra has the details.
Using AI Tools for Digital Banking Success
Interest in wearable or voice-activated banking solutions is growing, with one study predicting more than 478 million households will count as “smart homes” by 2025 — filled with devices they will increasingly tap for banking and payments. PYMNTS.com has the details.
Digital Transformation: Real-world lessons for banks
Creating a seamless experience while keeping everything running may feel impossible for many institutions. Here's help in pulling it off. The Financial Brand has the details.
Framework needed to bank the crypto
The growing interest of mainstream businesses in cryptocurrency is a turning point of sorts for this new asset class, signaling a new era of legitimacy for these digital currencies and the blockchain technology they ride. PYMNTS.com has the details.
Smart ATMs serve the underserved
The underserved have traditionally relied on ATMs and Maya Labs recently developed its Smart ATM platform, which provides check cashing, money transfer, real-time bill payment, cell phone reloads, micro loans and bitcoin to the underbanked. ATM Marketplace has the details.
Connected economy demands new banking framework
As Ricardo Josua, CEO of FinTech Pismo, told Karen Webster, without that infrastructure in place — where banks and FinTechs have ubiquity across their networks and sidestep decades-old legacy plumbing — the connected economy will not reach its full potential. PYMNTS.com has the details.
Human interaction losing digital banking
Human interaction is out, and digital banking is in; finds new opinion data from Glassbox. New data from finds that customers prefer seamless digital banking experiences over human interaction. The Fintech Times has the details.
Faster digital checking account opening needed
Financial institutions are experiencing an unacceptable rate of digital account opening abandonment due to slow and broken processes. What can be done to speed that up? The Financial Brand has the details.
80% of Gen Z and Millennials use money transfer apps
MX, the financial data platform and leader in modern connectivity, has released a joint white paper with Finn AI, Q2 and Rival Technologies, exploring the use of financial products and services by Millennials, Gen Z and baby boomers. The transformation is well underway. The Fintech Times has the details.
Spams, Scams, and Breaches
- Threatpost: Why is Cybersecurity Failing Against Ransomware?
- The Fintech Times: Synthetic Identity Fraudsters Steal Just Under $100,000 With Each Attack Finds FiVerity
- SecurityWeek.Com: Acer Confirms Breach of Servers in Taiwan
- PYMNTS.com: Fighting Back Against Phishing Attacks
- TechRepublic: Tech support scams top list of latest phishing threats
- SecurityWeek.Com: Missouri Budget Officials Outline $50M Cost of Data Breach
- Threatpost: Feds Warn BlackMatter Ransomware Gang is Poised to Strike
- TechRepublic: How to proactively detect and prevent ransomware attacks
- Help Net Security: Cyber risk trends driving the surge in ransomware incidents
- PYMNTS.com: Fraudsters Launch Fewer Attacks, But Aim Bigger
- SecurityWeek.Com: Sinclair Hit by Ransomware Attack, TV Stations Disrupted
- CIO Dive: As ransomware attacks skyrocket, blind spots leave organizations vulnerable
- Help Net Security: BEC attacks: Scammers' latest tricks
- SecurityWeek.Com: Accenture Confirms Data Stolen in Ransomware Attack
Updates, Patches, and Alerts...
- US-CERT: Current Activity
- PYMNTS.com: Chrome 95 Offers 19 Security Fixes
- SecurityWeek.Com: Google Patches 19 Vulnerabilities in Chrome 95 Browser Refresh
- SecurityWeek.Com: Oracle's October 2021 CPU Includes 419 Security Patches
- Threatpost: TrickBot Gang Enters Cybercrime Elite with Fresh Affiliates
- CISA: Oracle Releases October 2021 Critical Patch Update
- Threatpost: Squirrel Bug Lets Attackers Execute Code in Games, Cloud Services
- PCWorld: Microsoft patches Ryzen issues on Windows 11
- Computerworld: Four zero-day exploits add urgency to October's Patch Tuesday
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...
Microsoft Windows is not the sort of program that inspires an orchestra to create music. Or is it? Orchestra plays Microsoft Windows - the waltz