The Smartwatch and Payments

When it comes to payments a lot of new technologies are now in play. So which of these newfangled devices are being used most frequently to make payments. Check out the position of the smartwatch. Smartwatch usage is quiet a surprise.

“Must Reads” for 5 March

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• The necessity for better data security in 2021
• Banking the Unbanked — Investing in Mobility Capital Finance
• Crypto exchange Coinbase files paperwork to go public
• ‘Screen scraping is not evil’: Bankers, fintechs, aggregators face off
• Two banks explain how they’re using biometrics
• Bitcoin could become the “currency of choice for international trade”, says Citi

“Must Reads” for 4 March

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• Companies are using AI to hit business goals, even though they can't explain how it works
• How are Neobanks Aaccelerating the future of FinTech?
• AI facts every Dev should know: Artificial intelligence is older than you, probably
• Malware Analysis- The art of understanding malware
• SMEs need to strike balance between cybersecurity & business
• AI in Cybersecurity: Six considerations for 2021
• Ten Technologies To watch In 2021

What’s Trending with Debit Card Controls?

A look at the trends surrounding debit card controls

“Must Reads” for 3 March

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• How mirroring the architecture of the human brain Is speeding up AI learning
• Key priorities for fintech in 2021
• Cybersecurity pros: Automation and app security are top priorities in 2021
• Africa’s mobile banking will be redefined by social media
• What is a cyber attack? Recent examples show disturbing trends
• Who wins the UX arms race: Traditional banks or neobanks?
• Three reasons Africa’s fintech market is thriving

“Must Reads” for 2 March

Today’s “Must reads” in banking, fintech, payments, cybersecurity, AI, IoT and risk management include:

• The Evolution of Planet Fintech
• The Move toward digital banking & transitioning traditionalists
• Types of Malware - Best Malware Protection Practices for 2021
• People file lawsuits to test boundaries of California's privacy law
• The disruptive trends & companies transforming digital banking services in 2021
• How IoT will change everyday life by 2030?
• Digitalisation, COVID-19 and the future of banking

Operational Risk Management - UNITED 328 Engine Failure!

Operational risk happens everywhere. Proper planning and procedures are the key managing and mitigating such events.Just consider flight UNITED 328.

On the 20 February 2021, a United Boeing 777-200, registration N772UA performing flight UA-328 from Denver to Honolulu with 231 passengers and 10 crew, was in the initial climb out of Denver's runway 25 when the right hand engine's (PW4077) inlet separated associated with the failure of the engine. The crew declared Mayday reporting an engine failure. The aircraft stopped the climb at about 13000 feet, the crew requested to return to Denver after running the checklists. ATC offered any runway, they would make it happen. The aircraft returned to Denver for a safe landing on runway 26 about 23 minutes after departure. The aircraft stopped on the runway for a check by emergency services. Emergency services advised of an active fire within the right hand engine and extinguished the fire a few minutes later. The aircraft was subsequently towed off the runway to a remote parking stand, where passengers disembarked and were bussed to the terminal. There were no injuries.

Well trained pilots and air traffic controllers knew just what to do.