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Gen AI Expected to Bring Big Changes to Banking Sector

Data Breach Today

McKinsey Predicts up to 15% Profit Increase, Gen AI Use in All Areas of Banking Bloomberg, JPMC, European Central Bank, Morgan Stanley, NASDAQ, HDFC ERGO and Commonwealth Bank Australia are harnessing gen AI to enhance productivity and customer experience.

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The Rising Threat of Fake Business Accounts

Data Breach Today

Prove's Mary Ann Miller on Strategies for Stronger ID Verification The banking and financial services industry will see a growth in scams and frauds perpetrated through fake businesses, incentivizing bad actors to continue creating these fraudulent entities, said Mary Ann Miller, a fraud and cybercrime executive advisor with Prove.

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How NOT to Lead

Data Breach Today

Leaders in cybersecurity - and in any other business - need to keep a bank account filled with the trust and respect of their employees and make sure that account stays in the black, said Chase Cunningham, aka the Doctor of Zero Trust. He discussed his new book on how to be a good leader.

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Data monetization in banking: Driving customer centricity and business value

CGI

Data monetization in banking: Driving customer centricity and business value. Banks are awash with data of different types and formats, as well as different levels of detail. While all data is stored, banks use it for different purposes, such as regulatory compliance, customer behavior analysis, and other strategies.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

The days of a “once in a while” attack against businesses and organizations are over. As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists. As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists.

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Listening to the voice of our clients: Retail banks continue to reinvent their business models through digitization

CGI

Listening to the voice of our clients: Retail banks continue to reinvent their business models through digitization. This CGI blog post discusses the ongoing work of retail banks in digitizing their business models. Fri, 04/09/2021 - 01:07.

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SVB Parent Company Seeks Bankruptcy Amid Asset Sale Process

Data Breach Today

SVB Financial Group Pursues Chapter 11 to Sell Assets Outside the Commercial Bank The former parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy protection Friday in an effort to streamline the sale of its assets.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Do we understand and articulate our bank’s risk appetite and how that impacts our business units? Does our bank understand and support the importance of a strong ERM program to continue to position our company for growth? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?