Tech Talk: CBDCs, BaaS, digital payments, and more!

• The key to the success of tomorrow’s bank
• An AI platform for banks
• The benefits of increasing digital payments
• Have banks forgotten about their customers?
• A Bank-in-a-Box ATM
• Fintech is a mess. Is BaaS the outlier?
• A real-time check deposits via FedNow
• Do CBDC's make sense?
• How do neobanks and digital banks differ?
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

The key to the success of tomorrow’s bank
According to Deloitte just 11% of banks have modernized their core systems to the point that they can easily integrate emerging technologies. Most still run on legacy systems and old data models. So how can banks modernize their back-end systems, and what would be the benefits? Finextra has the details.

An AI platform for banks
Bud Financial has introduced the Bud.ai platform to allow financial institutions to turn transaction data into actionable customer insights. With the platform, banks can take unstructured data and turn it into customer insights that can be used to deliver personalized services. ATM Marketplace has the details.

The benefits of increasing digital payments
In 2022, the global digital payments market was valued at over $7 trillion and is expected to grow to over $10 trillion by 2028. What is driving this growth? Finextra has the details.

Have banks forgotten about their customers?
Through digitalization, have you developed an over-reliance on technology that is making you forget about the customer? This could be called “corporate digital dementia”. What does this mean for banks? FinTech Futures has the details.

A Bank-in-a-Box ATM
Cash Depot Ltd. has launched Bank in a Box, a cash management, ATM and consumer financial services solution. It combines a smart safe, cash recycler, ATM and banking services kiosk capabilities. ATM Marketplace has the details.

Fintech is a mess. Is BaaS the outlier?
BaaS involves a lot of facets and can be quite confusing, so to make sense of what’s going on, we sat down with people representing BaaS companies, fintech experts and investors to chat about the sector and where it goes from here. TechCrunch has the details.

A real-time check deposits via FedNow
BaaS involves a lot of facets and can be quite confusing, so to make sense of what’s going on, we sat down with people representing BaaS companies, fintech experts and investors to chat about the sector and where it goes from here. Finextra has the details.

Do CBDC's make sense?
Like it or not, central-bank-issued digital currencies (CBDCs) are coming. China has already rolled out its “e-yuan.” EU officials are looking to release a digital euro by 2025. In the US, the Federal Reserve is currently studying the possibility of issuing a digital currency. Is this a good move? Information Week has the details.

How do neobanks and digital banks differ?
The rise of neobanks and digital banks has revolutionized the banking industry. Whether you prefer the simplicity of a neobank or the comprehensive services of a digital bank, there's no denying that these alternatives are changing the way we bank. Finextra has the details.

Spams, Scams, and Breaches

• Krebs on Security: Diligere, Equity-Invest Are New Firms of U.K. Con Man
• Naked Security: FBI warns about scams that lure you in as a mobile beta-tester
• PYMNTS.com: More Than 500 Scam Tokens Detected on Coinbase's Base Blockchain
• Computerworld: China hacks the US military and government — the Feds blame Microsoft
• Dark Reading: LinkedIn Suffers 'Significant' Wave of Account Hacks
• Information Week: US Probes Microsoft Email Breach, Cloud Security
• Dark Reading: As Phishing Gets Even Sneakier, Browser Security Needs to Step Up
• Help Net Security: Ransomware: To pay or not to pay
• Dark Reading: Lock Down APIs to Prevent Breaches
• SecurityWeek: 1.5 Million Impacted by Ransomware Attack at Canadian Dental Service
• Dark Reading: How & Why Cybercriminals Fabricate Data Leaks
• TechCrunch: US lawmaker says FBI notified him of email breach linked to Microsoft cloud hack

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Chrome 116 Patches 26 Vulnerabilities
• PCWorld: Windows 11 update fixes annoying SSD slowdown bug
• SecurityWeek: Ivanti Patches Critical Vulnerability in Avalanche Enterprise MDM Solution
• TechCrunch: CISA says hackers are exploiting a new file transfer bug in Citrix ShareFile
• PCWorld: AMD Inception: Bug fix hurts Ryzen photo editing performance
• SecurityWeek: Thousands of Systems Turned Into Proxy Exit Nodes via Malware
• PCWorld: Windows 10 bug forces Microsoft to recall updates
• SecurityWeek: Cisco Patches High-Severity Vulnerabilities in Enterprise Applications
• Dark Reading: CISA: 'Whirlpool' Backdoor Sends Barracuda ESG Security Down the Drain
• Computerworld: Patch Tuesday: Microsoft rolls out 90 updates for Windows, Office
• Dark Reading: Dell Credentials Bug Opens VMware Environments to Takeover
• TechCrunch: How the FBI goes after DDoS cyberattackers
• Dark Reading: Patch Now: OpenNMS Bug Steals Data, Triggers Denial of Service

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...

Created 17 years ago, this still rings true for many when they call the internet helpdesk.