This CTO Corner examines how advances in human-machine interfaces may affect the way financial institutions deliver services to customers. It also explores significant challenges surrounding security and privacy protection. The major drivers for these changes are the increased popularity of smaller mobile devices with biometric sensors and artificial intelligence capabilities, combined with the exponential growth in computer power and advances in more human-like robotics.
This CTO Corner discusses current identity proofing and user authentication processes, reviews current weaknesses, identifies current efforts to strengthen them, and explores what else the financial services community could be doing.
“Chris is a respected leader who brings deep technology and operating experience to this position. He will add tremendous value to our efforts to improve the nation’s approach to cybersecurity, fraud and related issues,” said Tim Pawlenty, CEO of FSR.
Feeney previously served as Managing Director and Chief Information Officer for LPL Financial, and is currently President of CF Feeney Consulting, a management consulting and advisory firm. He has served as an executive at financial and technology firms including Thomson Financial, Bank of America, Telerate and Multex Incorporated.
Chris begins June 1, meet him at the upcoming BITS Emerging Payments Forum.
Artificial Intelligence (AI), defined as the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages, has been around for over 60 years. This CTO Corner explores both the potential for AI to transform the financial services industry and challenges it presents.
Registration Open: BITS Emerging Payments Forum
June 2-3, 2015
The 2015 BITS Emerging Payment Forum is a dynamic conference, bringing together innovators and senior executives from the world’s leading financial services firms, technology companies, security and big data providers and government agencies.
John Carlson, BITS EVP, Interviewed on Al-Hurra
Hosted by Robert Satloff, “Dakhil Washington” or “Inside Washington” is a weekly in-depth look at the political process in Washington, highlighting issues and the people that impact U.S. policy. John Carlson, Executive Vice President for Technology Risk for BITS, discusses everything from the relationship between government and the financial industry to organized digital crime.
Learn more about tokenization in the March issues of the BITS CTO Corner. Tokenization is an important addition to solutions for strengthening the security and privacy of the existing credit and debit card payment products. It, along with other improvements such as EMV and biometric authentication, addresses the current physical and remote credit/debit card payments existing vulnerabilities.
Paul Smocer, BITS President, testified to the Senate Commerce, Science, and Transportation hearing on "Building a More Secure Cyber Furture: Examining Private Sector Experience with the NIST Framework".
The February CTO Corner discusses the value and importance of having a robust cyber insurance market place, the factors contributing to this increase in the use of cyber insurance, factors inhibiting the growth of the cyber insurance marketplace, and the impact of recent technology trends.
The BITS CTO Corner for January explores the potential impact of drones on financial institutions, including whether and how they may be applied, and the challenges they present with respect to resiliency, security, privacy, and regulatory compliance.