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Intel announced a new generation of Optane memory codenamed "Alder Stream," which it said has a 50x lower failure rate than 3D NAND and also triples the transfers per second compared to the current generation of Optane on the market today. Optane runs in three modes: App Direct mode, where it is used as persistent storage; Memory Mode, where it functions as DRAM; and Mixed Mode, where portions of the memory are partitioned for both use cases.
Not appropriately patching your software and devices has been a top reason why organizations are compromised for three decades. In some years, a single unpatched application like Sun Java was responsible for 90% of all cybersecurity incidents. The author goes on to highlight some of the common ways patch management policy is broken.
Some observers highlight conversational platforms through chatbots, next-best-action decision making in consumer engagement and fraud prevention analytics as the three areas with the most demand for AI-driven solutions in financial services.
This demonstration comes from the recent Black Hat Conference.
While cardless ATMs are considered to be safer than using your physical card, the security of this method is still a bit of a mixed bag. The article covers some cardless scams and how to avoid them.
Consumers are paying an all-in average fee of $4.72 to withdraw from ATMs outside of their FI’s network, according to Bankrate.com. This charge is up 33% over the last 10 years.
According to the author, FIs still have some work ahead of them before mobile banking plays the central role that it could and should. As a report by Entersekt states, “On mobile, we’re not quite there yet.” Presently, according to research by Forrester among a large sample of Americans, online banking still outpaces banking on mobile devices by a wide margin. The author goes on to recommend what FIs should be offering in terms of mobile banking functionality.
Mastercard has launched a snew ervice, called Threat Scan, to help FIs proactively identify potential vulnerabilities in their authorization systems. Mastercard's new offering is designed to complement card issuers' existing fraud tools by simulating known fraudulent attacks on issuers and pinpoint authorization security weaknesses. Issuers can see the scan results immediately and take action to shore up their weak links.
The author contends that tool sprawl — the use of too many one-off specialized solutions — for both virtualized and point solutions hurts IT productivity, resulting in troublesome management workflows and high costs. This also creates many other issues, including everything from licensing costs to reduced productivity and increased chances of missing or mishandling critical patches and bug fixes. The author has 5 suggestions to help battle tool sprawl.
Tripwire announced the next generation of Tripwire Connect, which consolidates data from both Tripwire Enterprise and Tripwire IP360 to help provide a single view of security and compliance states, and can be deployed both on-premises and as a software-as-a-service (SaaS) application.
The elements in banking product design that moved consumers the most in the five areas studied in Raddon's recent report entitled Building a Better Product: Tradeoffs in Designing for Consumer Preferences — savings, checking, certificates, credit cards, and home equity products — were some of the most basic. Branches ranked more importantly than some might have expected — though not always for anticipated reasons. In another surprise, one of the big takeaways from the study was that consumers are pretty fee averse.
This article offers a run-down of the players in the high interest earning accounts game thus far: MaxMyInterest; Simple; WealthFront; T Mobile in partnership with Bank Mobile; Betterment; Green Dot; Coinbase; and Credit Karma.
Conventional PFM systems are mostly focused on showing numbers to users without analyzing them or turning them into actionable recommendations. And that’s exactly what should be changed according to the author in order to build exceptional financial management experience and to stand out from the crowd. He goes on to provide a side-by-side spotlight of the differences between Conventional PFM and Updated PFM.
In the Rocket Mortgage and FinTech era, traditional lenders face unprecedented challenges to meeting expectations of borrowers for speed and an efficient, seamless experience. This article looks at five specific practices that FIs should implement in order to meet their accountholders’ evolving expectations.
The Adtran SD-WAN platform is designed to help small-to-medium businesses and distributed organizations take advantage of cloud-based networking while keeping existing voice and security solutions in place in order to help make the transition faster and more affordable. Their solution is designed as a managed service and can be deployed and managed from Adtran’s cloud, or by one of their service provider partners using their cloud infrastructure.
Early on, advice about why it might be better to choose on-premise vs. cloud for a given workload tended to center on two things: 1) data security and compliance concerns and 2) cloud migration required a lot of effort. While the author is convinced that these 2 traditional arguments against moving workloads to the cloud no longer make sense, he notes that there are more modern reasons why a given workload may not mesh well with cloud infrastructure. Those are: 1. Lots of ingress and egress; 2. Low-latency workloads; 3. High volumes of data; and 4. Lack of organizational oversight and governance.
The most successful contact center teams continually review and reassess how they do things and the results they are achieving. What can be improved? What should be scrapped? What assumptions no longer make sense? What can be done differently? The author goes on to cover these questions and answers in the article.