Investment

The risk is growing that criminals or hostile nations could use quantum computing to hack into the ledger systems that control bitcoin and other digital currencies.

Both vendors use remote hosting and web delivery to support e-commerce, APIs and other technologies that go beyond their traditional focus on the ATM and point of sale.

The visibility of automated transactions provides a clear view of the flow of transactions, says Hummingbird's Joe Robinson.

The digital-only bank has adopted machine learning to process loans faster, more accurately and with better fraud detection than in the past.

The risk is growing that criminals or hostile nations could use quantum computing to hack into the ledger systems that control bitcoin and other digital currencies.

There is no doubt 2020 was a year of contactless transactions. But what implications do contactless payments present when it comes to security?

Though she acknowledges pressure to say digital currencies and blockchain are the technologies of the future, Bank of America's Cathy Bessant favors the more practical benefits that could stem from advanced mobile data networks and even 3D printing.

Bank of America is devoting more resources to fighting cyberattacks after seeing a jump in threats amid the pandemic.

Some say Equifax, Experian and TransUnion are too slow to investigate grievances, prompting more complaints to the Consumer Financial Protection Bureau. But the big three say other forces are at work.

The bank's blockchain venture with Temasek and DBS, called Partior, creates a wholesale blockchain network.