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Tech Talk: AI, data inventory, digital wallets, and more!

  • US banks lead the field with AI
  • Apple patches WebKit code execution in iPhones
  • Consumers want more banking security measures
  • A guide to data inventory
  • US banks team up on new digital wallet project
  • World's largest bitcoin ATM software provider sold
  • Merchants accept online bank transfers
  • U.S. is one step closer to open banking
  • Banks' digital wallet battle easier vs Apple Pay
  • Spam, Scams & Breaches
  • Updates, Patches & Alerts
  • and on the lighter side...

US banks lead the field with AI
Evident, a benchmarking and intelligence company, says its inaugural Index can rank the 23 largest banks in North America and Europe on their competence in AI. “As the real-world application of AI accelerates at astonishing speed, we believe that this transformation is too important — for managers, for investors, for society at large — to be happening in a darkened room. TechCrunch has the details.

Apple patches WebKit code execution in iPhones
The most serious of the documented vulnerabilities affect WebKit and can expose both iOS and macOS devices to code execution attacks via booby-trapped web content, Apple warned in multiple advisories. SecurityWeek has the details.

Consumers want more banking security measures
PYMNTS’ latest research finds that despite a general satisfaction with existing security measures financial institutions (FIs) use, half of all adult consumers feel their banks must take additional steps to protect their assets and personal information — especially for non-routine transactions. PYMNTS.com has the details.

A guide to data inventory
Creating a data inventory allows organizations to improve operational efficiency, meet compliance obligations, mitigate risk and achieve data-driven business outcomes. TechRepublic has the details.

US banks team up on new digital wallet project
A number of US banking heavyweights are reportedly teaming up to offer a digital consumer e-wallet in order to grab market share from tech titans Apple and PayPal. Fintech Futures has the details.

World's largest bitcoin ATM software provider sold
Andrew Barnard and Doug Carrillo, co-founders of Bitstop, have purchased Genesis Coin Inc., the largest bitcoin ATM software platform. ATM Marketplace has the details.

Merchants accept online bank transfers
The new Wafi.cash provides these businesses with an application programming interface (API) to process bank payments and reduce their payment processing fees, Wafi said in a Tuesday (Jan. 24) blog post. PYMNTS.com has the details.

U.S. is one step closer to open banking
We at Envestnet applaud the CFPB for pushing ahead with rulemaking that will transform Americans’ ability to share their financial data seamlessly and securely with third-party financial service providers, and in turn, get a more holistic and accurate view. Finextra has the details.

Banks' digital wallet battle easier vs Apple Pay
The digital wallet is slated to debut in the second half of the year, and though some of the details have yet to be made public, we know at this point that the digital wallet will be linked to Visa and Mastercard’s debit and credit cards. 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...

Valentine's Day is coming. Is there a techie in your life that needs a special present? Check out Amazing Gadgets You Didn't Know Exist

First published on 01/27/2023

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