Bank security stories
Growth of digital payments set to cost Australian banks US$3 billion
Aussie banks face US$3bn hit from digital pay shift, warns Accenture.
Australian banking and securities IT spend to reach $18.5 billion
Australian banking and securities IT spending is set to grow 5.2% in 2020, driven by investments in BI, analytics, and RPA, says Gartner.
Citi Global Trade uses AI to digitise compliance
Citi partners with EY and SAS to develop an AI-based risk analytics scoring engine to streamline global trade transactions. Citi digitises over 25MM pages annually using OCR.
Automated technology could save financial institutions nearly $10 million a year
Pitney Bowes launches Spectrum Screener, a solution for financial service providers to improve identity verification and achieve regulatory compliance.
Capgemini says banks & insurers must deal in 'currency of trust' for data security
Banks and financial insurers may still be seen as trustworthy by customers but the story from inside the industry is very different.
Fighting bank fraud and improving the customer experience: Can they work together?
Decreasing the risk of bank fraud and improving the customer experience are both based on knowing the customer - can they work together?.
Banking Trojans plummet 73% – but don’t get comfortable
Financial Trojans targeting online banking services dropped 73% last year, but Symantec is warning that Trojans are still thriving - and profitable.
Digital banking: Balancing security & convenience – without getting creepy!
Banks are constantly adopting new and innovative technologies, but what is the impact on security? Can personalisation become creepy?.