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Your source for the latest technology information of interest to credit unions across America.

Subscribe to our weekly e-mail newsletter and/or our monthly newsletter and stay on top of the latest technology trends in Hardware, Software, ATMs, Biometrics, Wireless, Online Banking, Marketing, Security, Internet Access and Call Centers.

October 21, 2019


Hardware News

 

Hitachi Vantara Unveils Massively Scalable Storage Array

Hitachi claims that their new VSP 5000 storage system is the fastest NVMe array on the market. At 21 million IOPS, that’s double Dell EMC’s top-of-the-line PowerMax system, and it maxes out at 10 million IOPS. Hitachi is also proclaiming that the VSP 5000 can provide eight nines, or 99.999999 percent, availability.

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Bringing AI to Robotic Cash Handling

Sberbank and Microsoft Research are teaming up to study how AI can be used to train robots to interact with physical objects in order to boost coin counting productivity. The plan is to use a manipulator, video cameras, and an arm grabber to improve occupational safety for operators who remove coin bags from carts when working at cash handling and cash-in-transit centers.

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Software Updates

 

Microsoft Unveils Kubernetes, Microservices Projects

Microsoft has unveiled two open source projects in the microservices and Kubernetes realms. Dapr (short for distributed application runtime) provides a runtime for microservices, while the Open Application Model, or OAM, offers a specification for running applications on Kubernetes and other platforms.

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Take a Fresh Look at USA-Based Core Systems Vendors

The article states that there are 12 companies that sell core processing software or perform processing services for 9,037 FIs. A handful (e.g., FISV, FIS, JKHY, CSVI) of the vendors own 90% of the market, while seven small companies own about 9%.

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ATMs/Kiosks

 

JD Power Pulse Survey Reveals Consumers Still Favor Cash Access

Despite a growing trend toward cashless payments, a J.D. Power Pulse survey shows consumers still want flexibility, as 78% of consumers still believe restaurants and retailers should be required to accept cash. In a bit of a surprise, the study shows support for cash access transcending age barriers, as 85% of consumers above ages 60 and 72% of those aged 18-29 feel that cash acceptance should be required.

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Wireless World

 

Why 5G Means New Business Models and User Benefits

While 5G has been primarily influenced by the needs of mobile phone users, it also offers major potential in private managed networks. The author contends that 5G will open up new competitive markets for Internet services that have long been non-competitive or marginally competitive.

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How to Let Consumers Text Message Your Business After They Search It on Google

An article in Customer Relationship Magazine stated that "64% of consumers with texting capabilities would prefer using texting to voice as a customer service channel." With Google My Business, once you set up texting for a business location, the messaging option will show up right next to the call option in Google search results.

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Security Section

 

Elastic Blends SIEM and Endpoint Security

Elastic announced the introduction of Elastic Endpoint Security which is based on Elastic’s acquisition of Endgame, a provider of a endpoint threat prevention, detection, and response system based on the MITRE ATT&CK matrix. Elastic is combining SIEM and endpoint security into a single solution to enable organizations to automatically respond to threats in real time, whether in the cloud, on-premises, or in hybrid environments. The company is also eliminating per-endpoint pricing.

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Technology and Marketing

 

How to Stop Creating Content That Disappoints Your Audience

The author notes that bad content is the single biggest threat to content marketing. She goes on to state that you need to give your audiences what they need, not what they think they want - and that demands the production of content that commands respect. She recommends using a BRACES approach to hold up your content marketing strategy – Brave, Researched, Astute, Credible, Educational (not just entertaining), and Skimmable.

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Online Banking/E-Commerce/Website Design

 

A ‘Thriving’ ACH Logs 9.5% Growth, Adding to a Recent Record of Quarterly Expansion

The ACH system logged 6.2 billion transactions in the quarter ended Sept. 30, up 9.5% over the third quarter of 2018, according to figures released by NACHA, the network’s governing body. Total payment volume reached $14.1 trillion, almost 11% higher than the year-ago period. The latest quarter included one more banking day than the same period last year, so accounting for that difference, Nacha figures transaction volume on a per-day basis grew 7.8%.

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The Curious Case of Online Banking

Are mobile apps making online banking obsolete? According to the author, statistics paint a narrative where they don't, and the real lesson for FIs is to not ignore the online banking platform in pursuit of mobile-first design/approach.

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Internet Access

 

3 Things to Consider Before Making the Leap to SD-WAN

The decision to switch from MPLS to SD-WAN usually comes during a larger discussion about bandwidth-heavy applications the organization hopes to adopt. SD-WAN is generally considered to be less expensive and easier to manage than MPLS. This article goes on to look at the three things organizations need to look out for when considering implementing a SD-WAN.

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Call Centers

 

Critical Steps Team Leaders Can Take to Simultaneously Improve CX and EX

Investing time, energy, and ingenuity to satisfy one set of stakeholders – your employees – can momentarily leave the other side of the equation – your customers – hanging. The author recommends putting a foundation under your CX (customer experience) and EX (employee experience) initiatives by linking both to your brand values in real time. He then provides some ways to accomplish this goal.

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