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I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating whitepaper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles).
In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.
Current technology has enabled auditors to analyze extensive amounts of financial data, allowing accounting professionals to more easily identify areas of risk. These technologies have also helped streamline time per audit and produced higher quality assurance. Is your firm taking advantage of these current technologies?
As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. And that’s why some researchers and mobile technology observers are sounding what amounts to preemptive alarm about 5G. 5G Security Holes?
Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said. That’s never going to stop.
The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. We found a proliferation of press releases, whitepapers and persuasively written articles.
It uses technology like natural language processing, which can understand and learn, and ultimately provide the GRC professional team with the necessary information to make informed, fact-based decisions, in a fraction of the time and cost. Increasing your ROI with IBM OpenPages with Watson.
Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a whitepaper. Using Masterchain will reduce operating costs by up to five times, the whitepaper claims, and will accelerate contract processing.
Instead, the company’s whitepaper states that “100% of the proceeds raised by the sale of Lydian tokens will be held by LydianCoin Pte. (in Simply put, buyers will pay for Lydian tokens and use them to purchase advertising campaigns from LydianCoin, which licenses its technology, products and services from Gravity4.
That implies an ease of use while giving up nothing when it comes to security. Getting there is a long road with many twists and turns, with guidance provided not only by back-end technology but also by updated rules from organizations with a governing role across the payments industry. Quick, Secure Validation. New NACHA Rule.
There certainly is room for improvement, according to the whitepaper, as middle market companies, which are defined as those with annual sales below $500 million, spend an estimated $7.8 Firms have tread cautiously with respect to electronic payments, with costs dominating the argument against transitioning.
As reported in July via whitepaper, the U.K. This solution would have to be backed up with additional technology and properly tested, so nobody can say for certain it would solve the whole problem.”. The concept of blockchain used in Brexit’s aftermath — specifically to help navigate a new customs landscape — is nothing new.
The retail merchant marketplace is an ever-changing landscape — and new technologies and evolving consumer preferences are forcing the space to change faster than ever before. In its latest whitepaper, titled “Omni-Channel Payments for Merchants: Myth or Reality?,”
Microsoft President Brad Smith doesn’t agree with Alphabet Chief Executive Sundar Pichai’s backing of the EU’s call for a temporary ban on facial recognition technology, Reuters reported on Monday (Jan. Smith, who is also Microsoft’s chief legal officer, pointed to instances when the technology was used by NGOs to find missing children. “I’m
Blockchain is more than just a technology being used for the transfer of cryptocurrency like bitcoin. Enterprises are looking to utilize blockchain for smart contracts and other secure use case avenues. Among the many issues facing businesses looking to use blockchain are government regulations and transparency.
A recent whitepaper by NACHA , the mobile payments alliance, developed in tandem with the Payments Innovation Alliance Mobile Wallet Team, found significant value in the cloud for emerging payment solutions. TO DOWNLOAD THE NACHA MOBILE WALLET WHITEPAPER, FILL OUT THE FORM BELOW: [contact-form-7].
MTI said its pilot of the solution was successful and have been verified by computer scientists at the University of Copenhagen as well as by maritime technology experts at Blockchain Labs for Open Collaboration (BLOC). MTI also announced a whitepaper detailing the solution, developed in conjunction with Agility Sciences.
Banks are achieving this operational efficiency through shared services, and operations and technology centralization. This layered architecture includes: A business services layer that contains business rules and is responsible for process orchestration, complex event processing, event-based routing, security, audit and other functions.
A consortium of banks focused on cybersecurity has published a series of whitepapers aimed at navigating the challenges and opportunities of AI in the financial sector.
As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. They will also provide you with resources (blogs, case studies, webinars, whitepapers, etc.) from time-to-time. Abrigo Community.
Change within the enterprise will always bring friction, but when it comes to change brought about by the adoption of more sophisticated technologies — especially in accounting and cash management — that friction is worth the effort. But the picture of technology adoption is a complex one, as cloud accounting company Sage has shown.
This explainer will offer simple definitions and analogies for blockchain technology. It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. Is Bitcoin really secure? You may have noticed a key difference between the above example and Bitcoin.
A new whitepaper from treasury management solution provider Hazeltree emphasizes the crucial role metrics and data play in counterparty risk management and mitigation for buy-side treasurers, for instance. Effective counterparty management hinges upon setting and actively managing a core set of counterparty metrics.
” The patent is the latest in a series of patents secured by Aquiire. Last year, Aquiire announced it had acquired intellectual property from search firm Zakta to enhance its machine learning capabilities and collaborative search technology.
It’s not enough for a technology to be a proven way to improve business processes: Adoption of new tech is a tough sell. For SMEs, limited resources may stifle the ability to invest in new technology. The hesitancy among businesses to adopt new technology is well-documented.
In this series of blogs , we focus on four high-growth transformative technologies with emerging risk applications which can help banks and financial institutions complete and protect the enterprise. Advanced analytics and aggregation technology can be applied to dynamically aggregate data and conduct large scale, real time analysis.
This week, Zylo announced it secured new venture capital to the tune of $9.3 However, this can also lead to SaaS chaos, creating potential security risks and financial waste.”. This leads to unnecessary spend and security gaps.”. If you don’t know this information, you have a major security risk on your hands.”.
Participants included senior leaders across technology, finance and marketing. There are very few technologies that allow consumers to follow the process all the way through,” Nayar said. Called out in particular were the needs for security, speed, familiarity, simplicity and technology agnosticism.
They enhance IT operations through analytics and machine learning (ML) to ensure consistently reliable, high-performing, and secure services. Cisco Full Stack Observability (FSO) enhances AIOps by consolidating visibility of the technology stack across operational domains. Full Stack Observability whitepaper by IDC.
It takes more than just having the latest technology or an innovative idea to make faster payments work. In its latest whitepaper, INTERAC outlines the principles as follows: Principle #1: Good funds is the better model. Principle #3: Data abstraction means privacy and security for all. If anyone knows that, it’s Canada.
Recently, IDC published a whitepaper, sponsored by IBM, outlining the ten hard realities that FIs and payments services providers must overcome to benefit from modernization, and how they can turn these perceived threats into opportunities. Change in technology and organization required. Payments modernization has arrived.
Robotic process information, also identified as a key emerging technology in corporate and transaction banking, can provide more robust automation from back-to-front office, while biometrics are similarly an in-demand technology, especially for customer-facing solutions to ensure security.
One of blockchain technology’s earliest corporate supporters just recently completed testing for its blockchain-based proxy voting system. During the test, shareholders using the blockchain-based technology were successfully able to vote online during investor meetings or transfer voting rights to a proxy.
In the beginning of the cloud computing era, “private clouds” promised the scalability, flexibility and manageability of public clouds, combined with the security and control of on-premises data center environments. Over time, IBM expects to make available further services on ICP, including additional security and logging functionalities.
The SecureTechnology Alliance has released a whitepaper, which shows that cards with dynamic security code features might prevent card-not-present (CNP) fraud.
Smart Card Technology Can Increase Security, Decrease Payment Vulnerability, Reduce Fraud and Improve Workflow for the Healthcare Industry PRINCETON JUNCTION, N.J. Press Release] – At the same time as the.
But what about data security? While it is possible for internal IT departments to ensure security for SaaS applications, the reality is the task is often not adequately handled for a number of reasons. Most companies are not evaluating SaaS applications for security prior to deployment.
Recently, IDC published a whitepaper, sponsored by IBM, outlining the ten hard realities that FIs and payments services providers must overcome to benefit from modernization, and how they can turn these perceived threats into opportunities. Change in technology and organization required. Payments modernization has arrived.
Recent analysis from Buying Business Travel said PSD2 regulations in Europe, for instance, may make using a commercial card less user-friendly for the purpose of greater security. Analysts note there is a lack of available data on this issue, though analytics technology is helping to fill that gap. ”
Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.
Leaders of the future are already moving forward and equipping their organizations and people with new skills, cultures, technology and processes. Risk management, compliance and security : incorporating enterprise risk management is already a key concern and it will only grow more important. Moving toward the future.
Blockchain technology — cryptographically-secured, distributed ledgers — has existed for nearly a decade but is just now emerging as a viable solution in healthcare. Last month, Alibaba partnered with the city of Changzhou, China to launch the country’s first application of blockchain technology in the healthcare sector.
If history is even a rough guide to the future, you can bet that some of the case studies, technology and techniques gained from what promises to be a major operational effort will make their way into the payments and commerce mainstream — which, of course, has its own daily issues with data breaches, hackers, fraud and authentication.
As the IBM whitepaper Top considerations for implementing sales performance management reveals, decisions made during SPM implementation impact not only the effectiveness of the solution, but also the sales and revenue growth of the entire organization.
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