In the past year, virtual assistants like the Amazon Alexa have become extremely popular. From ordering groceries to setting appointments and now even banking, virtual assistants can do it all.…
EBADay, a yearly conference held by the Euro Banking Association and Finextra, offers financial institutions the opportunity to explore digital strategy and discover emerging technology amongst their peers from across…
In the global finance system, it’s estimated that over $2.4 trillion in circulation is money laundered from financial crimes. While financial institutions have regulations and watch lists to combat these…
Banks are investing in digital technology that not only eases the burdens of data management, but also improves customer experience. Take HSBC for example, a $131 million investment has been…
Artificial intelligence has the power to help financial institutions with compliance, marketability, and productiveness. AI can relieve human employees of tedious tasks and alleviate their workload, but some financial institutions…
Global Banking Outlook 2018, a study released by EY, suggests that global banks are prioritizing protection, control, growth, reshaping, and optimization this year. The survey consisted of 221 financial intuitions…
Data holds the key to many financial institutions reliability and safety. From compliance to cybersecurity, data backs the everyday processes of financial institutions, making it possibly their most valuable resource.…
It should come as no surprise that data breach attacks against financial institutions are at an all-time high according to the Verizon 2018 Data Breach Report. After all, cyber attackers…
It’s estimated that over 90 percent of financial institution watch list alerts are false positives. An environment of over screening and a lack of technology are just a few pain…
Financial institutions are a prime target for cyber threats. Last year alone, over $445 billion was lost due to cybercrimes. Banks and financial institutions are adopting technologies and policies to…
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