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Cybersecurity in Banking: Importance, Threats, Challenges

Knowledge Hut

As we transition to a digital economy, cybersecurity in banking is becoming a serious concern. The effectiveness of cybersecurity in banks influences the safety of our Personally Identifiable Information (PII), whether it be an unintentional breach or a well-planned cyberattack. What is Cybersecurity in Banking? billion by 2029.

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How Open Banking is reshaping the sector by Andrew Carr

Scott Logic

I wrote recently about what the future holds for Open Banking in the US. The term ‘world-leading’ is a bit of a cliché, but when it comes to Open Banking, the UK has genuinely led the way. We’re now over five years into the Open Banking era in the UK. How is it reshaping the banking sector, and what’s coming next?

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Cyber Safe Behaviour In Banking Systems

U-Next

As my thoughts started wandering around our Banking systems and Cosmos Bank Cyber-attack 2018. The main target for cyber frauds is the financial sector and, on the hit list is the banking industry which is most exposed to these crimes. Discussions over coffee breaks with my team are always enlightening.

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Cloud Computing in Banking Industry: Benefits, Applications, Challenges and More

Knowledge Hut

While an increasing number of businesses are adapting to cloud services, one industry is taking the time to adopt the concept on a holistic level: the banking sector. Cloud computing for banks enhances every aspect of the banking sector, from security to customer experience, making it a future-proof solution.

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Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

Generative AI tops every list of major financial services trends for 2024. Its predictive capabilities can help leaders anticipate market trends and make more informed decisions, improving financial outcomes for customers as well as institutions. Rinesh Patel, Snowflake’s Global Head of Financial Services 2.

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AI in Banking: 5 Applications of Artificial Intelligence in Banking

Edureka

The banking industry is at the forefront of integrating AI, one of its many transformational uses. Today, we explore the top five ground-breaking uses of artificial intelligence in banking as we delve into the realm of money. This enables banks to quickly investigate and take the necessary action.

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Building a Future in Banking and Capital Markets

The Modern Data Company

Banking and Capital Markets are undergoing a period of transformation. The global economic outlook is somewhat fragile, but banks are in an excellent position to survive and thrive as long as they have the right tools in place. Without a clear plan, financial institutions could face serious consequences to their bottom line.

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