Tech Talk: Pay-by-Bank, composable banking, personalization, and more!

• Walking the talk with composable banking
• AI strengthens defense against fraud
• Battleground: The end customer experience
• Merchants demand better payment devices
• Paving the path for Pay-by-Bank adoption
• What bank execs are saying about AI
• Personalization helps credit unions out-compete
• What's new in branch design?
• Embedded Finance: Start with the ‘why’
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Walking the talk with composable banking
In banking, the modern core solution is a wide set of microservices and no longer a monolithic code base. Modern core vendors are differentiated on breadth, depth and flexibility of their solutions. Fintech Futures has the details.

AI strengthens defense against fraud
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. Help Net Security has the details.

Battleground: The end customer experience
Institutional inertia is real, and this situation is particularly acute for financial institutions (FIs) that find themselves facing an ever-shifting ecosystem full of FinTechs, Banking-as-a-Service providers, and more 21st century competitors crowding what used to be a relatively staid landscape. PYMNTS.com has the details.

Merchants demand better payment devices
As banks focus on improving digital experiences, there’s a key area that typically does not get as much attention: point-of-sale device management. Perhaps surprisingly, payment devices are contributing to low retention for banks that serve as merchant acquirers. Banking Dive has the details.

Paving the path for Pay-by-Bank adoption
Account-to-account transfers promise speed and security in improving fund flows. But while the promise may be there, the uptake has not kept pace, as has been documented by PYMNTS Intelligence. PYMNTS.com has the details.

What bank execs are saying about AI
The banking sector, like most others, has already been dipping its toes into AI, exploring the many internal and external use cases for AI and machine learning technology. To give you a feel for how banking, fintech and payments leaders are approaching the technology, Banking Dive compiled a roundup of executive insights from the Money20/20 conference in Las Vegas last week. Banking Dive has the details.

Personalization helps credit unions out-compete
Personalization and customization are key to offering the right credit products to members, making it possible to approve loans that might be declined by traditional banks. PYMNTS.com has the details.

What's new in branch design?
Digital banking is very important, but the branch still has a role to play, and it would be a major mistake to ignore the changes happening within this space. ATM Marketplace has the details.

Embedded Finance: Start with the ‘why’
Before tackling any embedded payments journey, Brady Warner, head of embedded finance solutions at J.P. Morgan Commercial Banking said, "It’s really important to understand the 'why' of embedded finance," he told Webster, "and what's powering it." PYMNTS.com has the details.

Spams, Scams, and Breaches

• Dark Reading: Okta Data Compromised Through Third-Party Vendor
• Help Net Security: Cyber attacks cause revenue losses in 42% of small businesses
• TechCrunch: CCleaner says hackers stole users’ personal data during MOVEit mass-hack
• Help Net Security: Public exposure of data breaches is becoming inevitable
• PYMNTS.com: Bank Push Payment Scams Now 40% of UK Fraud
• Help Net Security: The hidden costs of data breaches for small businesses

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• Dark Reading: Atlassian Customers Should Patch Latest Critical Vuln Immediately
• Help Net Security: F5 fixes critical BIG-IP vulnerability, PoC is public (CVE-2023-46747)
• Dark Reading: Upgraded Kazuar Backdoor Offers Stealthy Power
• Tech Republic: Apple Vulnerability Can Expose iOS and macOS Passwords
• Dark Reading: Attackers Target Max-Severity Apache ActiveMQ Bug to Drop Ransomware
• Help Net Security: Week in review: VMware patches critical vulnerability, 1Password affected by Okta breach
• Dark Reading: UAE Cyber Council Warns of Google Chrome Vulnerability
• SecurityWeek: Attackers Exploiting Critical F5 BIG-IP Vulnerability
• TechCrunch: Atlassian urges customers to take ‘immediate action’ to protect against data-loss security bug
• SecurityWeek: Chrome 119 Patches 15 Vulnerabilities
• Help Net Security: Atlassian patches critical Confluence bug, urges for immediate action (CVE-2023-22518)
• SecurityWeek: Mass Exploitation of 'Citrix Bleed' Vulnerability Underway

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...

Today you'll learn more than you wanted about the origin of Bluetooth.