Investment

As banks begin to use artificial intelligence in their businesses, they’ll need to consider the potential for bias as well as the impact new technologies will have on workers.

The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.

Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.

Financial institutions would be wise to use the end of 2018 as an opportunity to ensure their cyber defenses are beefed up for new threats next year.

Through a unique partnership, Nutmeg State Financial Credit Union offers DMV services at two of its locations. So far the results have showcased the power of technology.

Despite what we assume are dedicated efforts to protect customer’s personal information, hackers are finding the loopholes in businesses’ process and technology data protection life cycle. It happened with Target in 2013, the Home Depot in 2014, and many others since, writes Todd Feinman, co-founder and chief product officer of Spirion.

More traditional players interested in creating a safer market for digital assets have issued a checklist that cryptocurrency firms can follow to build confidence among banks, consumers and regulators.

Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year.

There are steps financial firms can take to protect their customers in the event a major wireless network is compromised, including reconsidering the use of SMS messaging for account authentication.

Names, email, encrypted passwords and information related to Facebook and other networks are all at risk, according to Marty Puranik, CEO of Atlantic.Net.