Tech Talk: AI, digital banking, stablecoins, and more!

• AI – friend or foe to financial services?
• Consumers want real-time financial data
• The exponential adoption of digital banking
• Consumers prefer digital payments
• Fintech offers little to the older consumer
• How banks can meet small business needs
• Guidelines for banks' use of stablecoins
• AI-nnovating financial compliance
• Banks train AI as the new financial advisers
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

AI – friend or foe to financial services?
Is artificial intelligence (AI) a friend or foe to financial services? Here’s what the experts think – from how it will transform the labour workforce, to issues with diversity and inclusion, to which sectors of fintech and banking will be most disrupted or improved. Fintech Futures has the details.

Consumers want real-time financial data
Banking customers, she said, are relying on mobile channels more than ever to communicate with their banks — and financial institutions (FIs) have the opportunity to create personalized, relevant messages to be delivered at the right moment. PYMNTS.com has the details.

The exponential adoption of digital banking
Jan Ludik, CEO of Traderoot, delves into the rapidly expanding realm of digital banking and the indispensable role that fintech innovation plays in driving its upward trajectory. Finextra has the details.

Consumers prefer digital payments
The option to pay via mobile apps, which is a millennial favorite, is only offered by about 52% of billers, further highlighting the need for innovation in the bill payment space. PYMNTS.com has the details.

Fintech offers little to the older consumer
The fintech revolution has transformed the way we bank, invest, and manage our finances. But while fintech has been embraced by younger consumers, older adults have been slower to adopt these new technologies. Finextra has the details.

How banks can meet small business needs
How can banks help small businesses with lending and cash flow while also delivering individualized experiences? The same applies to small businesses, which are the most likely to be impacted by both economic forces and the liquidity of banks. ATM Marketplace has the details.

Guidelines for banks' use of stablecoins
A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the ire Monday (Aug. 28) of members of Congress. PYMNTS.com has the details.

AI-nnovating financial compliance
Financial institutions must ensure that transactions are secure and comply with regulatory requirements, making AI-powered compliance tools an essential component of the financial industry. Finextra has the details.

Banks train AI as the new financial advisers
As industry chatbots morph into personalized advisers and fraud protection turns prescient, every facet of banking is poised for a rebuild. This transformation is not merely a splash of futurism — it is reshaping everything from internal operations to consumer banking experiences. PYMNTS.com has the details.

Spams, Scams, and Breaches

• TechCrunch: Forever 21 data breach affects half a million people
• Dark Reading: Paramount, Forever 21 Data Breaches Set Stage for Follow-on Attacks
• SecurityWeek: UN Warns Hundreds of Thousands in Southeast Asia Roped Into Online Scams
• Dark Reading: Kroll's Crypto Breach Highlights SIM-Swapping Risk
• SecurityWeek: 3 Cryptocurrency Firms Suffer Data Breach After Kroll SIM Swapping Attack
• Dark Reading: London Police Warned to Stay Vigilant Amid Major Data Breach
• SecurityWeek: Ohio History Organization Says Personal Information Stolen in Ransomware Attack
• Dark Reading: Financial Firms Breached in MOVEit Cyberattacks Now Face Lawsuits
• SecurityWeek: Nearly 1,000 Organizations, 60 Million Individuals Impacted by MOVEit Hack
• Dark Reading: Genworth Financial Under Investigation for Data Breach
• SecurityWeek: 10 Million Likely Impacted by Data Breach at French Unemployment Agency

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: VMware Patches Major Security Flaws in Network Monitoring Product
• Help Net Security: Ransomware group exploits Citrix NetScaler systems for initial access
• SecurityWeek: New 'MMRat' Android Trojan Targeting Users in Southeast Asia
• Dark Reading: Unpatched Citrix NetScaler Devices Targeted by Ransomware Group FIN8
• SecurityWeek: High-Severity Memory Corruption Vulnerabilities Patched in Firefox, Chrome
• CISA: CISA and FBI Publish Joint Advisory on QakBot Infrastructure
• SecurityWeek: Splunk Patches High-Severity Flaws in Enterprise, IT Service Intelligence
• Dark Reading: A Brief History of ICS-Tailored Attacks
• Tech Republic: XLoader Malware Variant Targets MacOS Disguised as OfficeNote App
• Dark Reading: Cyberattackers Swarm OpenFire Cloud Servers With Takeover Barrage

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...

Another collection of funny bank ads.