October 30, 2019
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This article was originally published by Index Code
Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive.
According to one survey, 80% of bankers agreed that their institution “needs to complete an assessment over the next three years, but only 15% expected that to lead to a modernization effort.” Security threats, the demand for mobile banking, and outdated core banking systems are all driving banks to consider massive overhauls to their IT systems. These are the biggest modernization challenges facing financial institutions – areas where developers and remote software teams can play a significant role in keeping banks competitive. Read more of this post
October 27, 2019
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This article was originally published at indexcode.io.
5 Trends in Fintech Developers Need to Know
Fintech has become globally mainstream, with 64% of consumers adopting some sort of behavior that fuses technology with financial services. As the market becomes more mature, so do the challenges facing fintech institutions. This year has brought new trends in improving security, big innovations in mobile banking, and the widespread adoption of 5G internet.
For developers, fintech is a lucrative job market. “It’s a candidate’s market out there,” writes Silicon Republic. “The big fintech giants are crying out for talent.” Forbes estimated that there were over 1000 fintech companies valued at $867 billion in 2016; that number has only skyrocketed in recent years. Companies in the financial technology sector are well-funded and hungry for talented developers. It’s an exciting space to work in, combining security challenges, innovative services, and refining the user experience through thoughtful design and solid infrastructure. Here are the big trends in fintech developers need to know for 2020.
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October 12, 2018
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The following content has been submitted on behalf of Panda Security.
Many businesses, large and small alike, have gone paperless. What does it mean exactly to go paperless? Because technology is so prevalent and accessible, many companies choose to exchange and archive information in the cloud, or digitally.
The cloud is made up of a multitude of Internet-based services, such as Google Drive and Microsoft OneDrive. These services allow trading and storage of data simply through the Internet. This means that multiple people can edit one document at a time. Even more conveniently, the same document can be opened from any computer with an Internet connection.
So, why are corporations making the switch to online file sharing?
A benefit of file sharing is its ability to centralize your company’s data. The juvenile game “Telephone” demonstrates the importance of streamlining communication. In the game, children sit in a circle or a long line. The first person picks a word or phrase and whispers it to the person adjacent them. This continues until the last person has to say it aloud. Often, the initial phrase has devolved into something completely different through small variations in each whisper.
Like the game, the flow of communication in the workplace can easily be twisted or misunderstood as it travels from person to person. Storing information digitally mitigates these communication errors because employees can access the same data — they don’t have to rely on coworkers to relay the information.
If you’re interested in learning more about file sharing, Panda Security has put together 10 secure file sharing options and tips. Scroll through the infographic below to discover file sharing advantages, risks, and services. Read more of this post
May 22, 2018
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Submitted by Tony Huynh at Siege Media
Edited by Lynn Patra
Doing business online has brought companies not only many opportunities but also many dangers. From attacks on Equifax to Instagram to even the IRS, cybercrime continues to threaten business information, company finances, online reputation, and relationships with customers. The growth in number and complexity of crimes means it’s no longer a matter of if your company will be attacked, but when.
As a small-business owner, you might think a cyber attack would never happen to you or, if it did, would have minimal consequences. Unfortunately, research shows that cyber attacks are a problem for small businesses too—last year alone, 61% of breaches impacted smaller businesses, costing them between $84,000 to $148,000 to rectify the situation. Financial damage is only one part of the equation, as companies also have to deal with the loss of information and trust with customers.
In this age, your organization’s success in the digital economy is tied to your cybersecurity practices. You need a sophisticated, layered strategy that is built into your company operations and takes preventative measures through your password practices, data protection, software, employee training, and compliance standards – all areas that are prone to a cyber attack entry.
Curious to see where your cybersecurity practices stand? Follow this infographic from Varonis to assess each step of your security and uncover any weak spots that need to be improved. Read more of this post