Remove Banking Remove Information Remove Profiling
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It’s time to go paperless: are bank branches ready?

CIO

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Set amid an open floor plan, the stacks of files left sensitive customer information—business and personal, loans and deposits—available for all to see 1.

Banking 391
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When voice deepfakes come calling

CIO

Once the bot has achieved IVR authentication, it can obtain basic information like the bank balance to determine which accounts to mark for further targeting. Instead, they use a basic synthetic voice to figure out IVR navigation and gather basic account information. Often, bots are involved in this process.

Security 370
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How Do Banks and Other Financial Institutions Benefit from AI

Smart Data Collective

AI is revolutionizing the banking and financial sector. Read this article to get to know why banks need to introduce AI-based solutions in their workflows—the faster the better. Banking is one of those industries that can earn or save billions of dollars thanks to AI. Compliance and Fraud Detection. Investment Valuation.

Banking 321
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3 ways to deter phishing attacks in 2023

CIO

Spear phishing: Attackers send emails to specific targets who they know have the information they need – such as everyone in the sales or IT department. Whaling: Emails sent to senior executives such as CEOs or CFOs as part of a high-profile targeting scam. Cyberattacks, Data and Information Security, Phishing

Banking 528
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What it takes to win your first CIO role

CIO

Through every career step, Brown was intentional in her choices, pursuing roles that filled in key competency gaps, stretched her outside of her comfort zone, and burnished the well-rounded profile now essential for top IT leadership. As the business world evolved and things changed, my list of what was needed evolved as well,” she says.

Win 488
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How TCS is helping to fight financial crime with AI and Microsoft Cloud

CIO

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. And for every dollar lost to fraud, banks spend over $4 on recovery fees, legal fees, and other expenses. The stakes for financial organizations are growing as well. In 2021, U.S.

Alliance 396
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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

Fintech analytics helps businesses in the financial and banking industry offer satisfactory services by: Enhancing View Of Customer Profiling. Big Data provides data that fintech companies can leverage to build customer profiles. They can also use this information to analyze consumer behavior and create tailored services.

Banking 363