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Nov 19, 2024 | 
techtrendspost.com | Nicole Pienkos
Expanding the scope of risk management in the banking sectorChief risk officers (CROs) must remain alert to current threats and risk issues while also keeping an eye on future risk management trends. Bankers face a variety of threats, and for CROs, “the buck stops” when it comes to protecting institutions from traditional risks and emerging challenges.
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Nov 19, 2024 | 
finextra.com | Nicole Pienkos
The expanded scope of risk management in bankingChief Risk Officers (CROs) must stay vigilant on current threats and risk issues while also keeping an eye on future risk management trends.
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Jun 17, 2024 | 
finextra.com | Alex Kreger |Raktim Singh |Nicole Pienkos
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
A knowledge graph, is a graph that depicts the relationship between real-world entities, such as objects, events, situations, and concepts.
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Jun 17, 2024 | 
finextra.com | Raktim Singh |Alex Kreger |Nicole Pienkos |Joris Lochy
Customers demand seamless, intuitive, and personalized banking experiences, with 72% emphasizing personalization as “highly important,” and 77% of banking leaders agreeing it boosts retention. Yet, financial institutions face outdated systems, strict
regulations, repetitive interfaces, and growing cybersecurity threats. This article explores the tension between the urgent need for next-gen, customer-centric financial products and the hurdles financial brands must overcome to deliver them.
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Jun 13, 2024 | 
finextra.com | Raktim Singh |Alex Kreger |Nicole Pienkos |Joris Lochy
- no one will be interested in that online bank (early 1980s > half a million customers were using it when Internet came)
- one-time passwords are far too difficult to use (served well until replaced mostly by face)
- the identification service does not belong to banks (it has been heard from the times of Venice).
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Jun 13, 2024 | 
finextra.com | Steve Bradford |Ugne Buraciene |Adhikar Babu |Nicole Pienkos
Introducing any new technology into an organisation is generally a tricky process. From a lack of clear objectives to damaging knowledge gaps, there are plenty of things that can go wrong. This is especially true for emerging technologies like AI, where
nearly projects fail to deliver measurable benefits.
Yet the transformative potential of AI is such that organisations cannot afford to ignore it.
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Jun 13, 2024 | 
finextra.com | Alex Kreger |Nicole Pienkos |Joris Lochy
A Multimodal User Interface (MUI) is a revolutionary system that transforms our daily interactions with technology. Imagine managing your home gadgets with voice commands while adjusting settings on a display screen with touch controls.
This is the practical power of MUIs, making our lives easier and more intuitive.
From birth, we learn to interact with the world and others with our senses.
Almost all human beings know and are able to express their intent for various actions.
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Jun 12, 2024 | 
finextra.com | Ugne Buraciene |Adhikar Babu |Nicole Pienkos |Sergei Grechkin
In 2021, a wave of deepfake videos started to emerge across the internet and social media. From humorous TikTok videos of
Tom Cruise, to unsettling speeches from
Morgan Freeman explaining synthetic reality, AI-driven deepfakes started to capture the attention of many internet users.
Over the past year, as AI has bled into the mainstream, technology that was once reserved for the experts has fallen into the hands of the everyday internet user.
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Jun 12, 2024 | 
finextra.com | Nicole Pienkos |Sergei Grechkin |Matt Ryan |Adhikar Babu
As the lights dimmed on Money20/20 Europe, we witnessed another successful event filled with fruitful conversations and unique insights from industry leaders. The show concluded with a notable takeaway: instant payments are seen as the biggest opportunity
for growth.
This is based on a survey conducted by payabl.
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Jun 11, 2024 | 
finextra.com | Nicole Pienkos |Sergei Grechkin |Matt Ryan |Jeffrey Brown
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy and reaches
$600 billion annually, equivalent to 0.8% of the worldwide GDP.
Besides,
fraud attempts surged by 149% in the first quarter of 2021 compared to the previous year, likely fueled by the rise in online transactions following the COVID-19 pandemic.
