Technology
A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.
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In a survey, 88% of financial institutions had experienced a firmware-related attack, which the Department of Homeland Security has called an "overlooked" vector for cyberattacks.
August 23 -
Interest-free credit and fast approval make BNPL an attractive payment option for consumers, who are increasingly using short-term installment credit to manage their cash flow when paying for immediate, small-dollar purchases.
August 22
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The North Carolina bank bought technology from Zaloni in an effort to boost data collection, metadata management, advanced analytics, artificial intelligence and machine learning.
August 22 -
At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving.
August 22 -
Their chatbots are diverting calls away from call centers and helping bring in deposits, the banks say, as the adoption, maturity and usefulness of the technology improve.
August 22 -
Mos, a company that started out helping students find financial aid, is embellishing its banking features with cash advances, gig finding help and financial advice.
August 19 -
To meet the growing demand, banks are faced with a choice of hiring, reskilling or outsourcing.
August 19 -
A recent announcement from the CFPB makes clear that the agency expects banks to adopt multifactor authentication, password management and security patching.
August 18 -
Agility Bank, Encore Bank, Queensborough National Bank and others have chosen or are considering less-mainstream core systems vendors because of their responsiveness and adaptability.
August 17
