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AMI StorTrends announced its new 3600i and 3610i all-flash SAN and they are making news because they feature a low 50 cents-per-GB price and unlimited write endurance for their inaugural all-flash offerings. StorTrends' parent company is American Megatrends (AMI) whose BIOS is in over 65 percent of computers. The 3600i comes with two Intel quad-core processors, 64 GB of memory, and a maximum storage capacity of 64 TB. The 3610i employs four Intel quad-core processors, 192 GB of memory, and a maximum storage capacity of 256 TB. The SANs are available in over 300 configurations and provide 300,000-plus IOPS along with sub-1 ms latency.
Hewlett-Packard announced support for HP LiveVault TurboRestore technology for archiving and disaster recovery by mirroring data between multiple geographic locations. The StorEasy products support VMware vSphere, Microsoft Exchange, SQL Server and Windows Server, along with multiple compliance initiatives (e.g., PCI DSS). The StoreEasy 1450 with 4 TB starts at $5,497.
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Hardware Section Sponsored by
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Software Updates
VMware has released vSphere 6 that comes with numerous new features such as expanded resource limits, an updated version of the Linux-based vCenter Server Appliance, storage offloading, and enhancements to the Web client. The virtualization giant has also bundled extra technologies into vSphere 6, such as the vCenter Director content library that is used to store ISO images, templates, scripts, OVF files, and other elements, and to automatically distribute them across multiple vCenter servers. Fault Tolerance is the technology by which a single VM can have presence on multiple physical servers simultaneously - now with vSphere 6, Fault Tolerance supports four vCPUs per VM and either eight vCPUs or four VMs per host.
Unidesk offers an alternative to traditional, heavy VDI solutions with a unique layering technology that works with Citrix XenDesktop, VMware Horizon, and Microsoft's Hyper-V. In action, you develop your own gold image of a standard Windows operating system version, a base level of applications, and a generic set of drivers to cover your current needs. Using this single gold image, you distribute it to all your users, and then add user installed programs, custom applications, drivers, and services. However, the gold image remains untouched and golden. Administrators can setup layers to apply to specific users or user groups that include a set of applications or settings.
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Software Section Sponsored by
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Mercator Advisory Group's most recent Insight Report from their bi-annual CustomerMonitor Survey Series reveals that if consumers' primary financial institutions were to install more ATMs and self-service kiosks for no-envelope deposits, more consumers indicate they would be inclined to use the self-service method (36%) than would still only use the teller (30%). Since 2012, more consumers report they may take advantage of using an ATM instead of a teller (36% in 2014, up from 24% in 2012), while fewer consumers would still likely use a teller (30% in 2014, down from 41% in 2012).
3VR announced its 2100 series ATM network video recorder for ATM installations. The unit measures about 8 inches by 8 inches by 2 inches and has a 104 F operating temperature, making it well suited for installations where space is at a premium and high heat can be an issue. The video intelligence provider says that their unit uses an enterprise-class hard drive and very little power and can be deployed as part of a large enterprise system or as a standalone ATM NVR.
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ATMs/Kiosks Sponsored by
Heritage Industries |
Bankjoy is working on a mobile banking app for smaller financial institutions that will place a greater emphasis on the user interface, design, and enhanced functionality. The startup will offer a white-labelled product and accompanying API platform. Plus the app will allow customers to set personal savings goals, and banks can use the data to offer targeted loans and mortgages. Implementation options include on premise, or Bankjoy can host it on its secure cloud platform.
A survey of over 4,000 American mobile bankers showed that 25% are willing to be charged to keep using the app. SNL Financial asked: "If your bank charged $3 a month to use its mobile bank app, would you pay to keep using the bank app?” and got these results:
- 32% of older millennials (26 - 35) said yes
- 25% of Gen X (36 - 47) said yes
- 23% of younger millennials (18 - 25) said yes
- 22% of Baby Boomers (48 - 66) said yes
- 17% of seniors (67+) said yes
GlobeOne is developing mobile technology to provide a digital banking solution that is expected to launch in the United States and Mexico in the fourth quarter of 2015. The Santa Monica, CA-based startup will offer paperless checking, a security savings account, a line of credit, domestic and international transfers between GlobeOne customers, and access to a global income-building program called SocialBoost, which gives customers the opportunity to earn a new income stream. The company says that GlobeOne member institutions will give approximately 50% of the credit interest they accrue back to the GlobeOne community.
Many security experts believe that the U.S. migration to EMV chip cards is spurring fraudsters to ramp up their check fraud efforts and focus more on bogus new account applications. Some financial institutions are reporting significant growth in counterfeit checks and duplicate-item fraud. Another trend is that some scammers are waiting until their accounts have been open for more than six months to act - a strategy that gives them time to setup and/or identify an apparent normalcy pattern. According to Canadian institutions, bogus credit and checking account applications have risen up to 300 percent since Canada passed the deadline for an EMV card liability shift. Experts suggest that banks beef up their fraud detection processes and tools to manage this shift in techniques.
About one-third of the reported fraud events at American businesses are attributable to insiders, according to statistics derived from NetDiligence’s 2014 Cyber Insurance Claims Study. The good news is that just over half of insider events were unintentional, in other words they were caused by inadvertent employee mistakes. The bad news is the other half were committed by malicious insiders intent on personal gain. Insider threats are particularly hard to contain because there are legal limitations on how far organizations can go in monitoring their employees, as well as disciplining insiders involved in cybersecurity incidents.
Security:
Meeting the Challenges of Attacks, Breaches & Compliance
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CatchFire Creative - http://catchfirecreative.com
Read Drew Schulthess' comments: https://www.banktt.com/CatchFire.pdf |
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Easy Solutions - http://www.easysol.net
Read Daniel Ingevaldson's comments: https://www.banktt.com/EasySolutions.pdf |
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eScope Solutions - http://www.escope.net
Read Dean Marshall's comments: https://www.banktt.com/eScope.pdf |
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Horsetail Technologies - http://www.horsetailtech.com
Read Mark Berman's comments: https://www.banktt.com/Horsetail.pdf |
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HyTrust - http://www.hytrust.com
Read Hemma Prafullchandra's comments: https://www.banktt.com/HyTrust.pdf |
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Info@Risk - http://www.infoatrisk.com
Read David Trepp's comments: //www.banktt.com/images/LR/Info@risk_sec15.pdf" target="_blank" style="text-decoration: none; color: rgb(51, 51, 153); font-weight: bold;">https://www.banktt.com/This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Ingalls Information Security - http://www.iinfosec.com
Read Russell “Rusty” Wilson's comments: https://www.banktt.com/Ingalls.pdf |
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Hyland Software - http://www.onbase.com
Read Steve Comer's comments: https://www.banktt.com/OnBase.pdf |
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PhishLabs - http://www.phishlabs.com
Read Stacy Shelley's comments: https://www.banktt.com/PhishLabs.pdf |
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SilverSky - http://www.silversky.com
Read Andrew Jaquith's comments: https://www.banktt.com/SilverSky.pdf |
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According to a new survey of global executives conducted by the Economist Intelligence Unit, 35% of banking executives say retail banking is a primary source of their revenue right now, but by 2020, only 16% see that still being the case. The survey reveals that 51 percent of respondents think new fintech disruptors will have the most success in retail banking-related areas – including managing accounts and transactions, and providing cash savings and deposit accounts, unsecured personal credit, and mortgage lending. The biggest threats come from:
- Apple and Amazon according to 36%
- PayPal and Square according to 12%
- peer to peer lenders according to 7%
Online Banking/E-Commerce/Website Design
Recent research on account opening from McKinsey reveals that online new account applications at financial institutions lose 35% of users because they cannot identify the consumer, while another 40% abandon the process in midstream because it is too difficult or for unknown reasons. Only about 15% actually complete the entire process and make it through to open an account. However, their research shows that in-branch applications converted at a rate of 85%.
Every financial institution in the US has a unique nine-digit routing number which was developed by the ABA in 1910. Routing numbers are used for check processing, electronic funds transfer and online banking. In response to public demand for looking up routing numbers, the ABA has launched a new tool, which allows consumers to look up routing numbers. The database contains all of the routing numbers - also known as ABA numbers or routing transit numbers - for U.S. financial institutions. Accuity is responsible for the assignment of routing numbers and has served as ABA’s official registrar since 1911.
In the coming months, Facebook will be rolling out a P2P payments service on its Messenger platform for mobile devices running Android and iOS and for desktop computers. Forrester Research forecasts mobile P2P volume will rise from $5.3 billion last year to $11.9 billion by 2017. The offering is similar to the Square Cash service, whereby both senders and receivers on Messenger must have a debit card. The funds will settle into the account associated with the receiver's card within a few days.
One Source Networks, a global Unified Communications and managed cloud services provider, announced Cloud Lync Enterprise. The service is a managed offering that provides the feature functionality of a premises-based Microsoft Lync environment delivered as a cloud-based service. Cloud Lync Enterprise collaboration features include videoconferencing, IM and presence, as well as full Enterprise Voice calling capabilities with PSTN connectivity.
SiteLock Infinity is a the service automatically and continually scans sites for newly added code and URL redirects to known malicious sites, then alerts the site owner of the vulnerability. For the most serious vulnerabilities, such as embedded code that delivers a malware package or redirects a user to a known malware site, the service automatically fixes the offending code to mitigate the vulnerability. As part of their service, SiteLock obtains the source code for the client’s site which then gives them a baseline from which it can track all future changes. Infinity is able to scan both from inside the website out, looking at incoming traffic, and from the outside in, looking at code already on the site. Pricing for the service starts at $99 per month, but that price can increase depending on additional features that the client may require.
Click-to-call is a form of communication in which a person clicks an object (e.g., button, image or text) to request an immediate connection with another person in real-time either by phone call, Voice-over-Internet-Protocol (VoIP), or text. BofA is now offering a "Click-to-Dial" feature that lets preferred banking customers tap a button in their mobile app to reach a specialist in the call center. Plus it permits call center specialists to see the user's online banking session in real time to guide them by phone.
Info@Risk