Embracing open banking and API ecosystem

Hacker Earth Developers Blog

If implemented effectively, open banking will unlock innovation that will transform and improve the customer banking experience. Banking And Finance, Open Standards And Open Apis. Overview of open banking . How India’s largest bank leveraged developer ecosystem.

Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Benefits of Blockchain in banking. Source: Banking on Blockchain. Intra-bank cross-border payments.

Application of advanced analytics and machine learning in the banking industry

Hacker Earth Developers Blog

Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Hence, leveraging banking data is no longer an ambitious technology project; it is a business imperative.

PSD2 & Open Banking guidance: Introduction

Akana

The post PSD2 & Open Banking guidance: Introduction appeared first on API Management Blog - Akana. API Management open banking PSD2First in a series of blogs covering PSD2 from a technical perspective and guidance on what your technical implementations could look like.

Neobanks disrupt traditional banking: key players & facts

Apiumhub

Over the past years, neobanks have been making headlines by attracting big venture capital investments and disrupting the traditional banking system. Earlier in the year, Atom Bank pulled in a total of $140 million, etc. As we know, banking system nowadays is not perfect and people hate going to the physical office and doing paperwork on a regular basis, therefore more and more people switch to mobile only banks. Banks of this kind must obtain banking licences.

How Biometric Authentication Is Revolutionizing the Mobile Banking Industry

Xicom

In today’s hi-tech age, many companies especially banks and financial institutions are facing the threat of frauds therefore these organizations are moving towards providing better security and authentication by using biometric authentication in their technical system.

PSD2 & Open Banking guidance: Introduction

Akana

The post PSD2 & Open Banking guidance: Introduction appeared first on API Management Blog - Akana. API Management open banking PSD2First in a series of blogs covering PSD2 from a technical perspective and guidance on what your technical implementations could look like.

PSD2 & Open Banking: The technical implications

Akana

The post PSD2 & Open Banking: The technical implications appeared first on API Management Blog - Akana. API Management open banking PSD2The technical implications of complying to the PSD2 standard and how APIs can help.

PSD2 & Open Banking: Leveraging the UK OB experience

Akana

How PSD2 standards help with the implementation of a dedicated interface and what we can learn from UK Open Banking experiences. The post PSD2 & Open Banking: Leveraging the UK OB experience appeared first on API Management Blog - Akana. API Management open banking PSD2

PSD2 & Open Banking: The role of API management

Akana

How API management solutions play a vital role in PSD2-compliant, secure, and resilient API interfaces for open banking. The post PSD2 & Open Banking: The role of API management appeared first on API Management Blog - Akana. API Management open banking PSD2

PSD2 & Open Banking: The role of API management

Akana

How API management solutions play a vital role in PSD2-compliant, secure, and resilient API interfaces for open banking. The post PSD2 & Open Banking: The role of API management appeared first on API Management Blog - Akana. API Management open banking PSD2

PSD2 & Open Banking: Leveraging the UK OB experience

Akana

How PSD2 standards help with the implementation of a dedicated interface and what we can learn from UK Open Banking experiences. The post PSD2 & Open Banking: Leveraging the UK OB experience appeared first on API Management Blog - Akana. API Management open banking PSD2

What CIOs Can Learn From Bank of America’s Trip Into The Cloud

The Accidental Successful CIO

Bank Of America is slowly moving into the cloud Image Credit: Mike Mozart. Just imagine if you were David Rilly, chief technology officer at Bank of America. Let’s face it, if you were the person with the CIO job at a major American bank, then you would have a lot going on.

To beat Bloomberg, Symphony is letting banks’ bots talk with each other

CTOvision

Here is a messaging App which has specifically made for the financial industry. Symphony, a secure messaging app for financial industry that also lets bots at different institutions talk to each other and settle trades looks to take on Bloomberg the behemoth of financial trading. However, the CEO of Symphony explained that the company’s goal as […]. CTO News

World Bank and GSA Discuss Data Center Optimization and Consolidation 9 June

CTOvision

Join Frank Butler of The World Bank and Dan Pomeroy of the GSA on 9 June at the Tower Club in Tysons Corner for a discussion of how they and their teams optimized and consolidated their data centers, resulting in increased efficiency and lower costs. Frank Butler will kick off the discussion by describing how the World Bank optimized and consolidated their data centers, resulting in significant savings for the organization. Charles Hall.

[Call for Papers] FINTECH: Emerging Trends, Future Directions

Cutter Consortium

What will the next generation of consumer banking look like? How will the investment banking industry leverage Fintech? What types of financial services/opportunities will be offered to the unbanked or under-banked markets?

Brexit: The Future of PSD2, Open Banking APIs, FinTech and Banks

Akana

Continue reading → The post Brexit: The Future of PSD2, Open Banking APIs, FinTech and Banks appeared first on API Management Blog - Akana. What a crazy ride the past couple of weeks have been and I don’t see it ending soon. What am I talking about? Brexit of course. Brexit was the United Kingdom’s EU referendum on whether they should leave the European Union. On June 23, Brexit went up for vote and the majority of Brits voted.

DHS urging users to disconnect UPnP, Group halts bank cyber.

CTOvision

DOE Here are the top cyber news and stories. Homeland Security urges computer users to disconnect network setting ? DHS is asking users to disable the Universal Plug and Play (UPnP) capability on their home machines

Join Cognitio, the World Bank and Nlyte 9 June in an Examination of Data Center Optimization Strategies and Best Practices

CTOvision

Hear from Frank Butler of The World Bank on how he and his team optimized and consolidated their data centers resulting in getting even more out of their operations. Bob Gourley. On 9 June 2016 Cognitio and Nlyte are hosting a data center optimization leadership breakfast that will feature a moderated exchange of real world lessons learned and best practices.

Why CIOs Should Care About Two Factor Authentication

The Accidental Successful CIO

These types of applications can include popular websites including Gmail, Facebook and perhaps your personal banking website that you are able to gain access to with just a username / password. Everybody needs two factor authentication, but just exactly what is it? Image Credit: Dave Crosby.

How the Enlightenment Ends, Realeyes’ AI powered camera, AI Risks, Microsoft’s AI foray, Google’s secret AI boot camp and Bank of America’s AI powered Erica assistant

CTOvision

How the Enlightenment Ends It seemed strange seeing an article on a technology topic from Henry Kissinger. But his piece is a very good read. He argues that "Philosophically, intellectually—in every way—human society is unprepared for the rise of artificial intelligence." The 5000 word article provides context from a historian and a strategist, and is [.]. Artificial Intelligence CTO News

Money 20/20 Takeaway: APIs are Everything

Akana

API Management Banking Financial Services Business Commerce Events Market Akana API API economy API Security banking API Fintech money 2020 roberto medranoLas Vegas was the ideal spot for last week’s Money 20/20 conference. Vegas is a great city for watching money on the move.

The future of data warehousing

O'Reilly Media - Data

Executives from Cloudera and PNC Bank look at the challenges posed by data-hungry organizations. Continue reading The future of data warehousing

Two DevOps Metrics for Agile Teams & their Managers

Storm Consulting

After almost two years of frustratingly slow progress, the DevOps transformation leaders at MIB (Massive Investment Bank, whose name is interesting but not important) are re-evaluating their choice of key performance indicators (KPIs).

Update On The Megatrend of Cybersecurity

CTOvision

CTO Cyber Security News Trends -elect Alternative Investment Market Antivirus software Artificial intelligence Bank account Barclays Commission on Enhancing National Cybersecurity Computer security United States Department of Homeland Security White HouseBob Gourley.

How Should CIOs Handle More Cybersecurity Regulations?

The Accidental Successful CIO

to require banks to formalize their cybersecurity program. These proposed new laws would require some of the world’s largest banks to invest millions of dollars in cyber protections. Finally, banks would have to start to report any intrusions within 72 hours of their happening.

Money 20/20 Takeaway: APIs are Everything

Akana

API Management Banking Financial Services Business Commerce Events Market Akana API API economy API Security banking API Fintech money 2020 roberto medranoLas Vegas was the ideal spot for last week’s Money 20/20 conference. Vegas is a great city for watching money on the move. Just strolling through the casino at the Venetian, I probably saw a quarter of a million dollars changing hands in five minutes. The funny thing, though, is that those of who.

Update On The Megatrend of Bigdata

CTOvision

Big Data CTO News Trends Access control American Association for the Advancement of Science Artificial intelligence Barclays Investment Bank Behavior Blay Whitby Business Insider BuzzFeed Google IPhoneBob Gourley. There are seven key megatrends driving the future of enterprise IT.

The FFIEC Cybersecurity Assessment Tool

CTOvision

The SLC includes representatives from the Conference of State Bank Supervisors ( CSBS ), the American Council of State Savings Supervisors ( ACSSS ), and the National Association of State Credit Union Supervisors ( NASCUS ). Bob Gourley.

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Named a Leader in API Management Solutions

Akana

API Management awards Banking Financial Services Business Cloud Integration Commerce Developer IoT Market Microservices Akana API Security Forrester Forrester wave leader api management roberto medranoWe just announced Monday that Akana has been named a Leader in Forrester’s new report, “The Forrester Wave™: API Management Solutions, Q4 2016.” It’s very gratifying. to be acknowledged because Forrester Research is unique in their approach to assessing the market.

Named a Leader in API Management Solutions

Akana

API Management awards Banking Financial Services Business Cloud Integration Commerce Developer IoT Market Microservices Akana API Security Forrester Forrester wave leader api management roberto medranoWe just announced Monday that Akana has been named a Leader in Forrester’s new report, “The Forrester Wave™: API Management Solutions, Q4 2016.” It’s very gratifying. to be acknowledged because Forrester Research is unique in their approach to assessing the market.

ECB takes on PayPal with instant payment system

CTOvision

The European Central Bank launched on Friday a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. Developed in just over a year, the ECB’s TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other […]. CTO Cyber Security News

Trojan malware is back and it’s the biggest hacking threat to your business

CTOvision

Trojan malware attacks against business targets have rocketed in the last year, as cybercriminals alter their tactics away from short-term gain and in-your-face ransomware attacks towards more subtle, long-term campaigns with the aim of stealing information including banking information, personal data, and even intellectual property.

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5 Simple Yet Effective Ways to Increase Data Security

CTOvision

Most small businesses hold customer credit card information on file and maintain electronic employee records, as well as manage their banking online. Business data is more than propriety information. And a breach of this data disrupts basic operations and damages your reputation not to mention probably costing you thousands of dollars. Symantec, in fact, recently released […].

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HSBC suffers data breach on small number of online accounts

CTOvision

HSBC is a bank. It is also worth pointing out that they know they are a bank and should know that they are a target. Maybe we should state the obvious here. So they are a target. Another thing they should know is that there are ways to economically raise defenses and then test that […]. CTO Cyber Security News

Fintech: A Profitable and Growing Developer Career Path

DevOps.com

In the Merriam Webster dictionary, the word is defined as: “Products and companies that employ newly developed digital and online technologies in the banking […]. What do you think when you hear the word “fintech”?

Supporting Agile Adoption: Workshop 2018

Agile Alliance

The event was hosted at the ING Bank premises in Amsterdam, The Netherlands. The first day was dedicated to learning about the ING Bank Agile transformation – a case that caught a … Continued.

Société Générale Chooses PowerEdge to Drive Their Automation Strategy with IAAS

Armughan Ahmad - Dell EMC

When you walk into a Société Générale banking center, you enter a bright, open space, furnished with modern designs and an abundance of natural light. Société Générale is a global bank supporting 31 million clients doing business in 67 countries.

CodeSOD: A Swift Update

The Daily WTF

Banks are uniquely identified via a “SWIFT Code”. Having an accurate SWIFT code for a given bank is of vital importance to anyone doing financial transactions. It’s an ISO Standard. With mergers, moves, new branches, and so on, the SWIFT codes you do business with won’t change often, but they will change. Thus, Philip wasn’t terribly surprised when he got a request to update a pile of SWIFT codes.

The Impact of Blockchain Technology on Financial Services

OTS Solutions

There are banks already using the technology of the blockchain to move money. Startup companies have been created to assist banks in using the blockchain on an international basis. This regulation enables financial institutions and banks to identify their customers.