Tech Talk: Super ATMs, open core banking, AI fraud prevention, and more!

• Treasury seeks comments on using AI
• Fintechs and banks: Friends and foes
• AI-powered fraud prevention
• Time for core banking to be open
• Will cash ever go away?
• 'Super ATM': Multiple bank deposits
• ATM security & biometrics
• GenAI use cases in financial services
• The continuous evolution of banking software
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Treasury seeks comments on using AI
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency aims to learn how AI is being used in the sector, what opportunities and risks it presents, what obstacles are slowing the responsible use of AI, and what enhancements can be made to legislative, regulatory and supervisory frameworks, according to the release. PYMNTS.com has the details.

Collaboration and competition between fintechs and banks
To drive true value in the financial services ecosystem, fintechs need to identify ways to cooperate with banks while still treating them as a potential source of competition. Finextra has the details.

AI-powered fraud prevention
Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. The companies launched a solution that offers streamlined verifications and fraud detection for financial institutions. PYMNTS.com has the details.

Time for core banking to be open
The core tech stack of a rural/community bank should facilitate and enable healthy deposit and lending flows on one hand and provide signals for both operating prudence and future growth on the other. Finextra has the details.

Will cash ever go away?
What if cash goes away? This is the question that plagues the ATM industry. What if people go completely to cards, mobile or some other form of digital payment? All that being said, cash may certainly continue to fall in usage, but there's good reason to think it won't go away entirely. ATM Marketplace has the details.

'Super ATM' deposits for multiple banks
The ability to deposit in a super-ATM that works for multiple banks is an important innovation and could make a real difference alongside the accelerated rollout of banking hubs and maintenance of Post Office counters. Finextra has the details.

ATM security & biometrics
When asked by a reporter why he robbed banks, Willie Sutton famously replied: "Because that's where the money is." Can biometrics prevent would-be-thieves from stealing from ATMs? ATM Marketplace has the details.

GenAI use cases in financial services
Today, financial services use cases for Gen AI are mostly confined to accelerating and optimizing internal processes. But experimentation is increasingly revealing the shape of things to come. Finextra has the details.

The continuous evolution of banking software
I see a shift from costly/risky core replacement towards a more targeted, agile modernization approach. The history of banking software is a fascinating tale of adaptation, driven by the relentless march of technology and ever-changing customer demands. FinTech Futures has the details.

Spams, Scams, and Breaches

• SecurityWeek: US Authorities Attempting to Recover $5.3 Million Stolen in BEC Scam
• CNET: Beware of This New ‘Get Rich Quick’ Scheme on Social Media
• SecurityWeek: Ransomware Gang Leaks Data From Australian Mining Company
• Help Net Security: Snowflake compromised? Attackers exploit stolen credentials
• SecurityWeek: BBC Data Breach Impacts 25,000 Employees
• PYMNTS.com: TikTok Hit by Security Breach That Used Malicious Links
• TechRepublic: Olympics 2024: Cyber Attackers are Targeting Companies Associated With Paris Games
• Help Net Security: 361 million account credentials leaked on Telegram: Are yours among them?
• SecurityWeek: Ransomware Group Claims Cyberattack on Frontier Communications
• Dark Reading: Ticketmaster Confirms Cloud Breach, Amid Murky Details
• Help Net Security: 25,000 individuals affected in BBC Pension Scheme data breach
• Information Week: ‘ShinyHunters’ Group Claims Massive Ticketmaster Breach
• Dark Reading: Cops Swarm Global Cybercrime Botnet Infrastructure in 2 Massive Ops

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Vulnerabilities Patched in Kiuwan Code Security Products After Long Disclosure Process
• Dark Reading: Attacks Surge on Check Point's Recent VPN Zero-Day Flaw
• SecurityWeek: Cisco Patches Webex Bugs Following Exposure of German Government Meetings
• Help Net Security: Zyxel patches critical flaws in EOL NAS devices
• SecurityWeek: Progress Patches Critical Vulnerability in Telerik Report Server
• SecurityWeek: 37 Vulnerabilities Patched in Android
• PCWorld: Surprise Windows 11 update drops with helpful goodies galore
• SecurityWeek: Mysterious Threat Actor Used Chalubo Malware to Brick 600,000 Routers
• Help Net Security: Check Point VPN zero-day exploited since beginning of April (CVE-2024-24919)
• SecurityWeek: CISA Warns of Exploited Linux Kernel Vulnerability

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're almost halfway through the year and these 15 interesting, high-tech devices, predicted for 2024, should be coming soon. Check them out!