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Tech Talk: Open banking, direct payouts, testing ATMs, and more!

Successfully deploy an ATM solution
CFPB is promoting open banking
Digital changed how consumers bank
Banks should step up scam response
The importance of testing ATMs
Averting the AI threat to financial stability
Connectivity tools for direct payouts
It’s time for core banking to get real
Interoperable platform for sharing bank data
Spam, Scams & Breaches
Updates, Patches & Alerts
and on the lighter side...

Successfully deploy an ATM solution
How do you engineer your ATM and self-service equipment for the unexpected? And just what does it take to prepare, not only for bad weather or natural disaster, but for stolen pickup trucks hooking up to your ATMs and ripping it out of a wall to steal the cash? ATM Marketplace has the details.

CFPB is promoting open banking
The Consumer Finance Protection Board (CFPB) is prodding banks and fintechs to move ahead toward open banking — a legal framework for individuals to let a third party have secure access to some of their bank records. Forbes has the details.

Digital changed how consumers bank
The rise of seamless, digital experiences has democratized convenience while transforming countless sectors. More than two decades into the 21st century, the banking landscape is now undergoing an evolution driven by the rise of digital banking. PYMNTS.com has the details.

Banks should step up scam response
As fraud on digital payment channels rises, banks need to step up their game before regulators pounce, said Rob Rendell, global head of fraud market strategy and fraud prevention at software firm NICE Actimize. Banking Dive has the details.

The importance of testing ATMs
As financial services providers continue their digital transformation efforts, ATMs are becoming smarter, faster and more interconnected. In this context, the importance of comprehensive ATM testing cannot be overstated. ATM Marketplace has the details.

Averting the AI threat to financial stability
Treasury Secretary Janet Yellen on Thursday backed legislation that would require federal regulators to reduce the risk of disruption to financial markets from the use of artificial intelligence. Banking Dive has the details.

Connectivity tools for direct payouts
Open banking connectivity features are transforming the way consumers receive payouts from merchants, service providers and government agencies. These features allow consumers to link their bank accounts directly, using their existing bank logins, and receive funds instantly. PYMNTS.com has the details.

It’s time for core banking to get real
Dharmesh Mistry said, "It really is time for banks to get 'real time' with their core banking solutions. Failing to move to the next generation of real-time cores and analytics could be just like the Kodak and Blockbuster moments that were defined by the transition to digital." FinTech Futures has the details.

Interoperable platform for sharing bank data
According to FIS, the platform lets consumers access and share their financial data in “a secure, stream-lined and controlled manner,” letting them work with third-party financial services app providers and control what information is shared and with whom. 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...

We'd better get used to people using Apple's Vision Pro in public .

First published on 02/16/2024

Briefing type:

Tech Talk

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