This is a roundup of industry news and links for the week of August 27th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Understanding and preventing wire & ACH fraud – Fraudsters continue to find weaknesses in authentication processes to obtain secure information and fraudulently transfer money to themselves via a wire or ACH transaction. These attacks often originate from phishing attacks that result in fraudulent entry to a secure system with secure data.
Employee Spotlight: Ted Lloyd, Business Systems Specialist – Ted joined Shaw Systems in May of 2016 as a Business Systems Specialist. Before that, he spent eight years managing the SPECTRUM RECOVERY system for six banks included under Zions’s Bancorp.
Is your credit union ready for the AI revolution? – We stand on the brink of a revolution, one in which artificial intelligence (AI) and machine learning will drive innovation and reshape the way we interact, conduct business and build technology.
In fact, according to research by Accenture, roughly 72 percent of today’s industry leaders recognize AI as a “business advantage” that increases efficiency and reduces costs. By 2035, AI is expected to increase labor productivity by up to 40 percent and generate more than 50 percent of the world’s economic output.