Search results for: Payments
How GenAI is transforming financial services through ‘Hyper-Personalization’
Source Node:
https://www.fintechnews.org/how-genai-is-transforming-financial-services-through-hyper-personalization/
Michael Haney, head of product strategy at Galileo Financial Technologies, said machine learning combined with the rise of generative artificial intelligence will usher in a new era of back-office productivity and ultimately transform how financial services organizations use data to deliver hyper-personalized experiences. The conversation between Haney and PYMNTS is part of the “What’s Next in Payments: Payments and GenAI” series. We’re still in an era where financial services organizations are adopting machine learning (a subset of AI), he said. But increasingly, organizations are turning toward generative AI and machine learning
$2 Trillion in Commercial Debt is Coming Due—What Does That Mean for the Industry?
In this article Commercial real estate has had a few rough years, and it seems like things won’t be getting better anytime soon. The sector is set for a potential rise in defaults, as higher interest rates have increased the costs of refinancing. And with $2.8 trillion due between now and 2028, more landlords could be feeling the crunch. According to data firm Trepp, commercial debt maturities are expected to balloon in the next few years. While many loans were extended or refinanced, the clock is slowly ticking for the CRE sector
Fintech Nexus Newsletter (February 2, 2024): Why are banks not jumping on real-time payments?
We have been following the recent developments in real-time payments with some interest. While adoption is increasing it is not going as fast as many industry observers had hoped. Why? According to American Banker, many banks have been working towards receiving funds but have not done the work to start sending real-time payments. And therein lies the problem. It is more complex and therefore more expensive to create the technology to support sending and receiving. And if a bank is not set up to send a real-time payment on FedNow it
CISO Corner: Gen Z Challenges, CISO Liability & Cathay Pacific Case Study
Source Node:
https://www.darkreading.com/ics-ot-security/ciso-corner-gen-z-challenges-ciso-liability-cathay-pacific
Welcome to CISO Corner, Dark Reading's weekly digest of articles tailored specifically to security operations readers and security leaders. Every week, we'll offer articles gleaned from across our news operation, The Edge, DR Technology, DR Global, and our Commentary section. We're committed to bringing you a diverse set of perspectives to support the job of operationalizing cybersecurity strategies, for leaders at organizations of all shapes and sizes.In this issue:The CISO Role Undergoes a Major EvolutionHook Younger Users With Cybersecurity Education Designed for ThemAirline Gets SASE to Modernize OperationsRecognizing Security as
OSFI’s New Security and Integrity Guideline 2024
OSFI | Release | Feb 2, 2024 Image by rawpixel.com on FreepikThe Office of the Superintendent of Financial Institutions (OSFI) announced the release of its final Integrity and Security Guideline on January 31, 2024.This guideline, developed after public consultation from October 13 to November 24, 2023, aims to strengthen the resilience of financial institutions against threats, including foreign interference, by outlining clear expectations for integrity and security practices.Who is this guidance for? Banks, Cooperative Credit Associations, Foreign Bank Branches, Foreign Insurance Branches, Life Insurance and Fraternal Companies, Property and Casualty
South Korea to start mass production of KF-21 fighter jets
Source Node:
https://www.defensenews.com/air/2024/02/02/south-korea-to-start-mass-production-of-kf-21-fighter-jets/
MANILA, Philippines — South Korea will build 40 KF-21 Boramae fighter jets this year with the 238.7 billion won (U.S. $178.6 million) allocated for the Defense Ministry, even as the aircraft makes its way through flight and ground tests.The first mass production of the KF-21 is expected to fill the “power vacuum” left when the South Korean Air Force’s aging fighter fleet retires, the defense minister said in a Dec. 21 statement.According to Korea Aerospace Industries, which makes the KF-21, the engineering and manufacturing phase will conclude in 2026. The