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Kids coveting the newest toy on the market go to the one person who can provide them with the cash to buy it – mom. Consumers in India who need to get cash for their purchases can now do so quickly and securely with the help of a biometric-based MOM ATM cash out solution developed by MoneyOnMobile that leverages Open Banking APIs and the Indian government’s Aadhaar national identity system. Get the details at: Tech Talk.

"Successful war follows the path of deception," Sun Tsu wrote in The Art of War. Cybercriminals have long relied on the Chinese general and author’s philosophy of deception. Today, distributed deception technology – platforms that mimic a network’s resources and assets to trap hackers and alert network administrators to their presence – is increasingly being deployed in the war on cybersecurity. Cybersecurity firm Illusive Networks has published a free whitepaper that takes an in-depth look at network-based attacks on ATMs and how distributed deception technology can be part of an effective ATM defense strategy. Get the details at: Tech Talk.

Today’s sophisticated criminals are becoming more adept at evading even the most stringent security measures. In many cases, financial firms and other organizations may be unaware that an intrusion has occurred for days, weeks, or even months. To find intruders who may be hiding in plain sight, a proactive threat hunting approach is needed. Security firm Carbon Black has released a report titled "Modern Bank Heists: Cyberattacks & Lateral Movement in the Financial Sector," comprising input from a survey of chief information security officers (CISOs) at 40 major financial institutions, and highlighting the importance of threat hunting in the finance sector. Get the details at: Tech Talk.

The rapidly evolving threat landscape and regulatory changes have put organizations in all sectors on the defense. Preventive measures alone are no longer sufficient to protect your networks from the sophisticated tactics and techniques being deployed by today’s cyber gangs. Cybersecurity firm F-Secure has launched an endpoint detection and response (EDR) solution that provides advanced threat detection to detect and stop targeted attacks quickly and efficiently. Get the details at: Tech Talk.

Singles who are hoping to meet "the one" can skip the bar scene – there’s an app for that now. The popular dating app Tinder anonymously finds people nearby that like each other and connects them if they are both interested. Global consulting firm Capgemini and the European Financial Management Association (EFMA) have created a platform to connect fintechs and banks. The FinTechVisor includes a "matchmaker-like" function to help banks find a fintech partner that complements their needs and interests. Get the details at: Tech Talk.

Despite the controversy surrounding cryptocurrency and speculation that the Bitcoin bubble would eventually burst, the use of cryptocurrency is on the rise. Converting the digital currency to cash is one of the biggest challenges for crypto users. Mobile payments provider MovoCash has launched a web-based service for Bitcoin users to easily convert crypto into ready-to-spend cash in an FDIC-insured prepaid account that is available for use within minutes. Get the details at: Tech Talk.

From the advent of online and mobile technology to the Internet of Things, we live in a digitally connected world. Identity verification has become more important – and more challenging – than ever before, especially in financial services. Mobile security provider G+D Mobile Security and European video identification provider IDnow are teaming up on the development of a global remote identification solution and other AI-driven biometric and security technologies. Get the details at: Tech Talk.

In the past century, innovative trends and technologies has transformed the banking industry. Artificial intelligence (AI) and machine learning (ML) has created both challenges and opportunities for banks. Meanwhile, increased competition has risen from major technology titans, collectively referred to as GAFAMAT (Google, Amazon, Facebook, Apple, Microsoft, Alibaba and Tencent). Quantum computers are expected to bring even more opportunities and potential challenges to the future of banking. Get the details at: Tech Talk.