CIO

MAY 16, 2023

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Set amid an open floor plan, the stacks of files left sensitive customer information—business and personal, loans and deposits—available for all to see 1.

Banking 524

Banking Profiling Security Security 524

CIO

AUGUST 30, 2023

As an example, the consultancy refers to how generative AI technology could potentially add $200 – $400 billion in added annual value to the banking industry if full implementation moves ahead on various use cases. So I think the real risk here is the exposure of sensitive information. Here’s what I learned. Privacy leaks?

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Information Loss Security Security 811

CIO

AUGUST 5, 2022

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. Traditional banking is fading away,” he says.

Banking 691

Banking Startups Education Security 691

CIO

APRIL 25, 2023

Today’s consumers are accustomed to smooth, frictionless online shopping – and they increasingly expect the same kind of digital experiences from their banks. consumers use mobile banking channels, and 70% said mobile banking is now their primary way of accessing their accounts. “Most people do not want to go into a bank to do banking.

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Banking Retail Security Security 617

Smart Data Collective

SEPTEMBER 20, 2023

Since the world is extremely interconnected because of technology, it also comes with cons, such as data breach that compromises your data. That is why the emphasis on data security cannot be emphasized enough. Want to go beyond understanding data security? This article will provide you with more information about it.

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Information Security Security Loss 248

CIO

MARCH 9, 2023

And out of these, my favourite app is a local banking app. It’s completely intuitive, allows me to perform most tasks in less than 3 clicks, has all the functions that I need to perform banking on-the-go, is constantly updated with new features, comes with great performance and stability and most of all is very secure.

Security 521

Security Security Banking Loss 521

CIO

AUGUST 8, 2022

Fortunately, innovative and secure digital payment technologies embraced by the travel industry have made it easy for individuals to safely pay for goods and services — no matter where they are in the world. To help boost confidence there are many security tools that organizations can leverage.

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Travel Security Security Banking 595

Smart Data Collective

SEPTEMBER 26, 2022

Sadly, they often affect banks. Banking is an important sector of the world. This article discusses four of the most significant data breaches in banking…. We put a considerable amount of trust in our banks. We expect banks to fulfil their duty and provide protection. They hold our money and sensitive data.

Banking 302

Banking Loss Finance Security 302

CIO

OCTOBER 31, 2023

It’s no secret that banks and fintech companies must meet compliance and regulatory standards that are much stricter than what traditional tech companies are forced to comply with. The question becomes: How do you meet strict regulatory and compliance standards while keeping up with the rapid pace of innovation in technology?

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Banking Finance Security Security 876

CIO

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. But what exactly does this policy mean for IT security? What is DORA?

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Banking Security Security Technology 628

CIO

MARCH 18, 2024

Amid the turbulence of AI, technologies are emerging rapidly, startups are clamoring for attention, and hyperscalers are scrambling to corral market share. Brian Hopkins, vice president for emerging technology at Forrester Research, agrees. Given existing relationships with Webster Bank, that includes AWS and Microsoft.

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Intellectual Property Startups Banking Technology 797

CIO

MARCH 18, 2024

Technology has a critical role to play in any organization’s social sustainability strategy. And according to a survey from NTT, a majority of senior executives recognize this and are actively working to harness digital technology and innovation to support their social sustainability initiatives.

Gaming 698

Gaming Innovation Banking Security 698

CIO

MAY 9, 2024

The mainframe has long stood as a technological marvel, profoundly shaping the digital landscape since the mid-twentieth century. Mainframes were not just technological artifacts but the backbone of the computing revolution. The mainframe’s deep history The mainframe was designed in 1937.

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Learning Innovation Banking Technology 582

CIO

APRIL 17, 2024

“Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change. The new ads were created very quickly,” says Banks. They’re now feeding the model new information with a three-week lag.

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Biotech Banking Retail Innovation 730

CIO

DECEMBER 27, 2023

So business technology leaders in financial services are carefully navigating a path toward AI. AI dominates discourse and headlines, but financial services technology leaders know there’s a lot of substance amid the noise. We’re seeing how fast this technology is maturing, so it’ll have a very different hype cycle.”

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Banking Commerce Technology Technology 871

CIO

FEBRUARY 23, 2024

This continued emergence of cloud environments has greatly affected application development and their associated security architectures. Cloud environments by their nature often consist of rapid DevOps cycles eliminating the need for application developers to adequately maintain secure applications.

Intellectual Property 616

Intellectual Property Banking Human Resources Security 616

CIO

FEBRUARY 28, 2024

This is what Mobicule Technologies , an independent software vendor (ISV) in fintech, realised as they expanded their client base in India’s financial services industry. Loan management simplified Large banks have tens of thousands of loan customers.

Banking 569

Banking Security Security Win 569

CIO

MARCH 27, 2024

“It’s been known since the 1990s that a large-scale quantum computer will be able to break many of the crypto systems we rely on for security,” says Dustin Moody, leader of Post Quantum Cryptography (PQC) at the National Institute for Standards and Technology (NIST) in Maryland.

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Algorithm Banking Retail Globalization 856

CIO

MAY 9, 2024

Technology has enabled Ally Financial to move at the speed of customers, embrace and drive disruptions, and see around corners to anticipate and stay ahead of trends. Our goal has always been to partner with our business to understand what they’re trying to do for their customers and use the best technology to enable it.

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Banking Innovation Technology Technology 689

Smart Data Collective

OCTOBER 26, 2023

AI technology is helping with cybersecurity in a myriad of ways. Cybersecurity, often known as information security or IT security, keeps information on the internet and within computer systems and networks secure against unauthorized users. The demand for cybersecurity specialists?

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Technology Technology Intellectual Property Security 233

CIO

APRIL 4, 2024

Everyone is running around trying to apply this technology that’s moving so fast, but without business outcomes, there’s no point to it,” says Redmond, CIO at power management systems manufacturer Eaton Corp. “We Webster Bank is following a similar strategy. We want to maintain discipline and go deep.”

Banking 812

Banking Pharmaceutical Technology Technology 812

CIO

APRIL 29, 2024

The incident involved scammers who, using publicly available videos and audio from YouTube of targeted senior executives, created deepfake representations to deceive a finance employee into executing multiple transactions to bank accounts in Hong Kong, resulting in significant financial damage to the company. What happens then?

Gaming 597

Gaming Finance Entertainment Algorithm 597

CIO

AUGUST 17, 2023

Committed to increasing the velocity of cash in the economy, they also offer other cash management services such as banking automation, card personalization, IoT monitoring solutions, as well as security and analytics to their clients, making them the number one cash management company in the country, leaving their competition in the dust.

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Management Banking Commerce Security 551

CIO

JULY 18, 2022

One organization, Feeding America, the country’s largest domestic hunger relief organization, is turning to information technology to help, having hired three years ago its first IT chief to transform how its network of 200 food banks serve the food insecure. Those food banks also have varying levels of technology acumen.

Banking 802

Banking Restaurants Retail Algorithm 802

CIO

FEBRUARY 16, 2024

The real power of the technology is its ability to draw on disparate data sets and connect workflows. In banking and financial services applications, for example, GenAI solutions are being developed to analyze customer data, market data, economic trends, and more to help support highly personalized insights and guidance.

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Innovation Security Security Finance 810

CIO

SEPTEMBER 14, 2023

Generative AI represents the next generation of this technology, and we are currently working on several ways we can effectively leverage it — both in our products and in our business.” As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says.

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Banking Capital Innovation Value Chain 694

CIO

OCTOBER 20, 2022

In fact, CIO has reported that it takes only a few minutes for experienced hackers to set up a social engineering attack against enterprises (and their managed service providers) that consider themselves to be secure and protected. This helps in early identification of attacks and increasing overall security hygiene.

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Banking Security Security Win 874

Smart Data Collective

SEPTEMBER 17, 2020

Typically, this approach is essential, especially for the banking and finance sector in today’s world. Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Big data has numerous perks relating to the financial and banking industries.

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Finance Banking Knowledge Competitive 355

Smart Data Collective

SEPTEMBER 13, 2023

We need them to make our lives more convenient, make transactions faster, and make the use of smart technology effortless. Here, we explore what type of data IoT devices gather about you and how you can improve IoT security to protect your important information. But what do IoT devices know about you, exactly?

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Security Security Hospitals Banking 236

CIO

JULY 11, 2023

As CIO of Anglo-South African international banking and wealth management group, Investec, Shabhana Thaver has a multi-purpose approach to tech trends. On the one hand, there are foundational forces, which protect the existing business and include talent, information security and modernization.

Banking 418

Banking Innovation Security Security 418

CIO

APRIL 17, 2023

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. And for every dollar lost to fraud, banks spend over $4 on recovery fees, legal fees, and other expenses. The stakes for financial organizations are growing as well. In 2021, U.S.

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Alliance Loss Banking Algorithm 585

CIO

AUGUST 10, 2023

“They rely on us for advanced technology solutions, superior service and a secure environment. Arpaci also stresses that the VMware Sovereign Cloud Framework provides a comprehensive set of requirements and guidelines that ensure that the most stringent security and sovereignty requirements are achieved and maintained.

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Banking Security Security Loss 498

CIO

MARCH 19, 2024

Around the turn of the century, Autonomy Corporation was one of the darlings of the UK technology industry, specializing in knowledge management and enterprise search. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

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Due Diligence Loss Security Security 647

Smart Data Collective

MARCH 5, 2021

Many technologies now depend on good encryption algorithms to work well and promote data security. This is one of the many reasons that you need to understand how secure encryption works and how you can make it work for yourself. In fact, many people now say that information is going to be the new oil. What Is Encryption?

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Security Security Algorithm Banking 343

CIO

MARCH 19, 2024

Our report finds that only 48% of organizations agree strongly that their employees have access to technology that will help them perform optimally while they’re working remotely or in office. In these scenarios, it’s best practice to enable employees to easily book spaces for formal and informal collaboration with their colleagues.

Globalization 432

Globalization Banking Security Security 432

CIO

APRIL 19, 2023

Fletcher Previn: Over the last few years, we have experienced the evolution of work in three phases: technology, cybersecurity, and culture. Phase one was getting the technology in place to support our employees in an environment of 100% remote work. I think about this in the context of a ‘relationship bank.’

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Banking Security Security Gaming 806

CIO

MAY 17, 2023

The big picture : In the midst of a rush to technology modernization, it’s critical to ensure the organization’s data assets are not overlooked. Although most organizations want to modernize their technology, enable new capabilities, and/or reduce their technical debt , any number of “Murphy’s Law” moments can defer those efforts.

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IT Banking Innovation Technology 563