By Maria Allen
The string of hacks that continue to make headlines around the world underscore a universal truth, especially in the financial services industry: Trust is everything. And as consumer concerns rise, the onus is squarely on financial institutions to secure customer data.
An overview of distributed ledgers and some benefits and risks of using them.
By Katherine West
Distributed ledger technology, sometimes referred to as DLT, is a relatively new technology that is quickly becoming a hot topic due to its association with cryptocurrencies like Bitcoin. But what exactly is it? Though often associated with cryptocurrencies, DLT is, at its core, a new form of record keeping that can be applied in a wide variety of settings.
By Philippe Benitez
Biometric technologies are here to stay. That much is evident, thanks to consumers’ avid adoption of mobile devices and everyday applications that leverage fingerprint identification, facial recognition and other modalities that already extend into the mobile banking realm. As that tech diffuses into other parts of daily life and business, including airports, automobiles and commerce, it’s worth considering how it might transform bank branches, one of the last bastions left relatively untouched by the digital revolution.
According to a recent Assessment of Business Cyber Risk report, released by the U.D. Chamber of Commerce and FICO, the level of cyber risk to the U.S. business community held steady for the first quarter of 2019, with a national risk score of 687.
With mobile transacting such as peer-to-peer payments, m-commerce purchases and bill pay on the rise, a recent survey from Atlanta-based Entersekt, a mobile-first fintech provider, focused on uncovering where security and authentication fall on the spectrum of concern for today’s mobile-driven consumers.