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July 11, 2022


Hardware News

 

Micron Ships High Density SATA-Based SSDs for Data Centers

Micron Technology is bucking the trend of moving to PCI Express-based storage and releasing a new SATA III-based SSD with ultradense memory storage and read optimized for faster data access. The firm says that for basic functions like file storage and line-of-business applications, SATA does the job just fine. However for HPC and AI modeling, they recommend a PCIe-based storage array.

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HPE Announces Arm-Based Ampere Servers

HP Enterprise says it will deliver a series of servers powered by the Arm-based Altra and Altra Max by Ampere, the CPU startup run by former Intel executive Renee James. Starting in Q3 2022, HPE says it will ship ProLiant RL300 Gen11 servers, available for both outright purchase and for leasing through HPE’s GreenLake consumption model. HPE says this will be the first in a series of HPE ProLiant RL Gen11 servers using 80-core Altra and 128-core Altra Max processors.

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Software Updates

 

Embedded Banking Models and the Rise of Service-as-a-Bank (SaaB)

This article looks at how three embedded banking models – Banking-as-a-Service (BaaS), Banking-as-a-Platform (BaaP), and Service-as-a-Bank (SaaB) – work and what advantages and risks exist for FIs looking to implement them.

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What You Should Change on Your File Server with Windows Server 2022

Windows Server 2022 brings a lot of security improvements to the platform, taking advantage of hardware support for virtualization and a hardware root of trust to deliver a secured core server. These technologies aim to protect not only the Windows kernel and memory but also any drivers and system firmware, including network cards and storage. This article goes on to cover implementing SMB Compression, SMB over QUIC and Storage Spaces.

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ATMs/Kiosks

 

Video Teller Solutions Help Drive Branch Expansion, Service and Efficiency

According to a report by ResearchandMarkets.com, the global FI kiosk market (which encompasses video teller), is expected to grow at a rate of 12% annually, from $744 million in 2021 to more than $1.3 billion by 2026. The article contends that video teller, video teller ATMs and integrated kiosk solutions are a good way to leverage your staff. It concludes that deployers should considering video teller kiosk teller integration should explore APIs to seamlessly enable functions such as authenticating and retrieving accountholder information.

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Wireless World

 

What Google's Private Wireless Moves Mean for Edge Cloud

The major public cloud providers, including the three leaders – Amazon Web Services (AWS), Google, and Microsoft – all have designs on building out wireless services at the edge. Google had previously announced its own private wireless services, and then they just announced it has partnered with startup Celona to deliver private 5G to the enterprise edge. Celona also has agreements with Verizon and NTT. The key distinction between the emerging private wireless market and public wireless services such as 5G is that private wireless services are based on unlicensed spectrum, such as the Citizens Broadband Radio Service (CBRS).

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Security Section

 

Study Reveals Traditional Data Security Tools Have a 60% Failure Rate Against Ransomware and Extortion

The ‘State of Data Exfiltration & Extortion Report’ survey revealed that while over 70% of organizations have an existing set of prevention, detection, and backup solutions, nearly 40% of them have been hit with ransomware attacks in the last year, and more than 70% have experienced one in the previous five years. Plus data exfiltration during ransomware attacks is up 106% relative to where it was five years ago. Basically, cybercriminals are no longer limiting themselves to just encrypting entire systems—they are making sure to pilfer data ahead of the encryption so that they can have additional leverage.

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LogRhythm Platform Enhancements Accelerate Threat Response for Security Teams

LogRhythm launched version 7.9 of the LogRhythm SIEM Platform and updates to LogRhythm NDR and LogRhythm UEBA. The company says that the updates provide new features designed to help security teams overcome everyday obstacles by accelerating threat response, improving workflows and simplifying processes.

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Technology and Marketing

 

The Future of Financial Services Is AI-Powered and Experience-Led

The Future of Financial Services Institutions (FSI) report found that consumers want easy UI/UX experiences with relevant information across their preferred channels, efficient service, and personalization. The report concludes that the future of financial services is clearly digital, and that speed, personalization and intelligence (relevance and precision) are keys in a digital-first economy.

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Online Banking/E-Commerce/Website Design

 

Bill Pay Is Digital Banking's Neglected Product: Can It Be Revived?

By some estimates, FIs’ share of the bill pay market has dramatically fallen from over 50% to the mid-to-upper twenty percent range. Paying bills directly on a biller’s website often offers more payment choices, automation, and clarity of information surrounding the bill pay process, notes Mercator Advisory Group. Tha author lays out some relatively simple things that FIs can do to improve their bill pay offering.

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Digital Banking Industry Leaders Forum

Thought Leadership From Around the Industry by BANK tech-trends and Finopotamus:

Benchmarking Your Digital Banking Strategy

Humanizing Digital: Increasing Account Holder Loyalty and Exceeding Goals with Smart, Flexible Solutions

Alogent

 

Digital Transformation: A Banking Imperative

Three Present-Day Goals to Revolutionize Your FI’s Marketing

eSignatures Are Now a Top Priority Across the Nation

Fight Fraud by Better Understanding Your Financial Data

It’s Always About the People: 5 Rules for Digital Banking and Beyond

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Internet Access

 

Why Multicloud Environments Can Help Improve Security and Redundancy

This article posits that single-cloud computing environments are risky, and that using a multicloud environment is the way to go. Multicloud refers to the distribution of cloud assets, software, applications, etc., across several cloud-hosting environments. With a typical multicloud architecture utilizing two or more public clouds as well as multiple private clouds, a multicloud environment aims to eliminate the reliance on any single cloud provider. In action, the router connecting to each cloud provider should have redundant line cards, redundant control modules, and redundant power supplies. The article details all that is needed to truly have a redundant multicloud environment.

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Call Centers

 

Avaya Showcases Cloud 3.0 Capabilities in Its Contact Center Experience

Avaya recently showed off its modernized contact center experience in a series of demonstrations on how the company is utilizing Cloud 3.0 as well as conversational AI and machine learning into voice, video, chat and messaging without the need for companies to change platforms. The goal is to solve business problems without having to change platforms and instead “drop a virtual agent in front of existing infrastructure." Partners can also utilize Avaya’s Experience Builder program to create custom communications applications.

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Constructively Use Chatbots

The author suggests that when evaluating what to put into a chatbot, an organization should look at their existing contact load for the channel. If the chatbot is used for messaging services, then the type of things people ask on messaging should be reviewed. If the chatbot is actually a voicebot, then the contact reasons for voice should be reviewed. He goes on to highlight differences between chatbot, voicebot, or generic conversational AI, and discuss best use cases for each.

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