Why the pandemic is making cybersecurity even harder for credit unions
Executives and technology analysts offered a host of concerns that are likely to dog credit unions well into the new year. ... Read full article
News Topic: Aite Group
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Even in pandemic, small banks forge ahead with core conversions
Many community banks, like Peoples Community in Wisconsin, say they proceeded despite the technological challenges presented by social distancing because the crisis has exposed the shortcomings of their digital systems. ... Read full article
Can Freddie Mac's embrace of AI pull the industry along?
Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology. ... Read full article
Why fintech rollouts are magnets for fraud
Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast. ... Read full article
How banks can protect against account takeover
Trace Fooshee, senior analyst at Aite Group and former head of fraud strategy at SunTrust, explains fraudsters’ latest tactics and the best methods of self-defense. ... Read full article
Startups take on stress-testing tech
Fintechs are developing data-crunching, automated products that seek to help banks precisely calibrate capital levels. The banks' goal is to pass stress tests while maximizing returns to investors. ... Read full article
The reason business banking feels stuck in 1995
Systems that run cash management services were built decades ago and prioritized functionality over user experience. That is starting to change as banks invest more heavily in digital upgrades geared toward commercial customers. ... Read full article