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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO

Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.

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LeapXpert raises $22M to monitor employee chats for compliance

TechCrunch

It’s been a particular challenge for the financial services industry, which has comparatively strict governance and compliance requirements. Securities and Exchange Commission (SEC) fined Wall Street banks, including Bank of America and Goldman Sachs, $1.8 In September, the U.S. ” It’s a trend, to be fair.

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Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

most read Silicon Valley Bank implodes: Silicon Valley Bank Financial, the publicly traded holding firm of Silicon Valley Bank (SVB), is in crisis. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it. Now on to WiR.

ChatGPT 234
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Where do IT leaders stand on securing the mainframe?

CIO

Whether it’s buying groceries, making a bank transfer, or booking a flight, the mainframe is powering how consumers interact with organizations and is behind millions of transactions that take place every day. Ensuring compliance isn’t just about following regulations, it’s about managing serious risks too.

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Personalized Marketing: What Banking Customers Really Want

Perficient

The Landscape According to Forbes Advisor: 2022 Digital Banking Survey , as of 2022, 78% of adults in the U.S. prefer to bank via a mobile app or website. blockchain​, digital wallets​, money center banks​, emerging payment solutions, digital lending​, economic turmoil​, and fintech disintermediation).

Banking 69
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Briefing the board on AI: Educate to tee up investment

CIO

According to a 2022 Institute of Directors survey , 80% of boards did not have processes in place to audit their company’s use of AI. They said they did not know what questions to ask,” the survey concluded. Be mindful of pre-existing expectations Some years ago, I was working with the CIO of a very large East Coast bank.

Education 299
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5 investors discuss what’s in store for venture debt following SVB’s collapse

TechCrunch

There are many questions around the implications of Silicon Valley Bank’s (SVB) collapse that won’t be answered for a long time. And now that First Republic Bank has also gone under, that question has spiraled, growing ever more complex. SVB was one of the larger, if not the largest, providers of venture debt to U.S.

Survey 249