CU news Logo

Your source for the latest technology information of interest to community banks across America. Subscribe to our weekly e-mail newsletter and stay on top of the latest technology trends in Hardware, Software, ATMs, Wireless, Online Banking, Marketing, Security, Internet Access and Call Centers.

March 4, 2019


Hardware News

 

Intel and Partner Ecosystem Offer New Silicon-Enabled Security Solutions

Intel, along with customers and industry partners, announced several solutions designed to scale and accelerate the adoption of hardware-enabled security across data center, cloud, network and edge. Intel Software Guard Extensions was designed to help create more secure environments without having to trust the integrity of all the layers of the system. The technology isolates specific application code and data to run in private regions of memory, or enclaves. The company just announced new products and ecosystem solutions that enable Intel SGX to be used even more broadly in the data center.

darkreading.jpg

 

Western Digital Launches SSDs for Different Enterprise Use Cases

The Western Digital Ultrastar DC SN630 NVMe SSD and the Western Digital CL SN720 NVMe SSD both sport internally developed controller and firmware architectures, 64-layer 3D NAND technology and a NVMe interface, but that’s about where the similarities end. The SN630 is a read-intensive drive capable of two disk writes per day, which means it has the performance to write the full capacity of the drive two times per day. Meanwhile, the SN720 is a boot device optimized for edge servers and hyperscale cloud with a lot more sequential performance.

networkworld.jpg

~~~

Hardware Section Sponsored by
Millennial Vision, Inc. (MVi)

Back to Top


Software Updates

 

How to Get Started with Application Performance Monitoring

The field of application performance monitoring (APM) software is changing, and APM products are now available for smaller organizations, not exclusively for enterprises. APM products look for issues such as server latency, database errors, microservice errors, and capacity limits. Capacity applies to things like processors, storage, and containers.

techrepublic.jpg

 

Making Blockchain Safer and Smarter

Blockchain technology enables trusted digital relationships without centralized administration. However, blockchain systems cannot interact with the external, off-chain world; thus, users find it hard to leverage blockchain in the same ways they commonly spend, move and share money. The article goes on to explain how two-factor authentication (2FA) smart contracts are being integrated into a blockchain-based banking systems.

bai.jpg

 

VMware Announces Major Upgrade to NSX

VMware announced that it has given its NSX virtual networking software platform a major face-lift. The latest releases of VMware's NSX-T Data Center 2.4 and NSX Cloud were designed to increase automation and security for hybrid and multicloud customers while also simplifying network operations for network builders and operators.

fiercetelecom.jpg

~~~

Back to Top


ATMs/Kiosks

 

3 Ways for an FI to Create Brand Awareness with Event ATMs

The author states that branding event ATMs are affordable and can create a positive experience for fair and festival goers while exposing the brand to a large number of consumers – at one time, in one location. He recommends these three ways of branding of event ATMs to help boost your brand’s exposure: 1. Provide account holder perks; 2. Create a memorable experience; and 3. Take advantage of an affordable marketing opportunity.

atmmarketplace.jpg

~~~

Back to Top


Wireless World

 

Cisco and Verizon Build a Mobile SD-WAN Offering with 5G

Verizon and Cisco announced a partnership to build a mobile SD-WAN offering, which leverages Verizon’s future 5G network. This is the first time Cisco has brought a mobile component, on the cellular side, to SD-WAN. Cellular mobility, they say, brings security, trust, and reliability.

sdx.jpg

 

Consumers Prefer Single Mobile Banking/Payments App

Usage figures from a recent survey revealed that approximately three out of five mobile device owners (59 percent) report using their banking app at least twice a week. Apps for mobile payments are less widely used than banking apps, the results showed, with only a third of mobile device owners (33 percent) using them on a weekly basis. While nearly three-quarters of mobile device owners (71 percent) have used mobile payment apps, only 7 percent use payment apps daily compared to 20 percent who use banking apps daily.

banknews.jpg

~~~

Back to Top


Security Section

 

FIs Can Expect to Pay Millions More Fighting Account-Application Fraud

FIs will face an uphill battle fighting account-application fraud in the next few years, according to a new report from Aite. “Fraudsters are nurturing synthetic or manufactured identities for many months or years, establishing credit-bureau reports, obtaining mobile phones, and taking other steps to make such identities extremely difficult to detect,” the report says. Among other things, the report recommends that FIs broaden their authentication sources for account applicants.

digitaltransactions.jpg

 

Microsoft Unwraps Azure Sentinel, a Cloud-Native SIEM Tool

Microsoft is taking its cybersecurity efforts to the cloud with the debut of its Azure Sentinel security information and event management (SIEM) tool. By using artificial intelligence, Azure Sentinel serves as a unified location for tracking security issues across an organization. It not only monitors security in Azure cloud environments, but also in rival cloud environments such Amazon Web Services.

fiercetelecom.jpg

~~~

Back to Top


Technology and Marketing

 

Three High-Tech Steps to Transform Your Retail Banking Operation

The author suggests that FIs should follow these steps to augment human decision-making with AI technologies: 1. Align with young companies; 2. Step outside the status quo; and 3. Tread lightly with consumer data.

bai.jpg

~~~

Back to Top


Online Banking/E-Commerce/Website Design

 

Goldman Sachs and Apple Are Teaming up for a ‘Branch in Your Pocket’

Goldman Sachs and Apple plan to launch a co-branded credit card designed to sync with an iPhone app. If the Goldman partnership is successful and drives millions more to Apple’s digital wallet, it could be the beginning of something much more interesting: the forging of some of the closest ties yet between Wall Street and Silicon Valley.

businessinsider.jpg

 

Will 'Open Banking' Sizzle or Fizzle in the U.S.?

Open banking allows third-party developers to build applications and services that plug into the technology backbone of a traditional FI. Using open-source technology and APIs, third-parties can build new financial tools leveraging private consumer data that was previously inaccessible. This is why — in theory, at least — open banking promises to accelerate innovation, thereby giving consumers more options and greater convenience. The article concludes that while in the U.S. open banking may not yet be law like it is in the U.K., its impact will continue to ripple across the pond.

financialbrand.jpg

~~~

Back to Top


Internet Access

 

Virtual Routing Startup Volta Takes on Cisco, Juniper and Others

Volta Networks is seeking to shake up the router sector with its cloud-based virtual routing software. They claim that their Virtual Elastic Routing Engine (VEVRE) can reduce the total cost of ownership by 90% when compared to legacy routers. VEVRE can scale up to 255 virtual routers per switch at a fraction of the cost of routers from traditional vendors, according to the Boston-based firm.

fiercetelecom.jpg

 

How to Move to a Disruptive Network Technology with Minimal Disruption

This article covers how innovations such as SDN, SD-WAN, intent-based networking (IBN) and network functions virtualization (NFV) can be transitioned into place without losing a beat. It offers sage advice from many different WAN experts on how to limit the risk of moving to new networking technologies.

networkworld.jpg

~~~

Back to Top


Call Centers

 

Who's Taking Your Survey? Design with These Consumers in Mind

According to the author, there are only four types of consumers responding to your surveys. They can all be categorized as happy, angry, bored, or opportunistic. Each kind of respondent has different motivations for taking your survey. If you want to collect actionable insight, you must offer each one an experience tailored to their needs and emotions.

icmi.jpg

~~~

Back to Top

Get Our Free Email Newsletter

First Name(*)
Invalid Input

Last Name(*)
Invalid Input

Position(*)
Invalid Input

E-Mail(*)
Invalid Email Address