The mobile phone is becoming the preferred method of banking for many customers. #Bank of America just crossed the 25 million mark of mobile users, Chase has 30.1 million mobile users, and Wells Fargo has 21.2 million users. So, it’s safe to say that mobile banking is crucial to a bank’s business as well. Features […]
Bank Innovation
I visited Accenture’s offices in Israel earlier this month and was fascinated by the depth and breadth of expertise concentrated on #cybersecurity. The entire country of Israel is becoming something of a cybersecurity hub, with over 300 cybersecurity startups and more than 30 multi-national companies (including Accenture) opening local R&D centers.
Accenture is actively evaluating and screening these emerging startups and has established partnerships with Israeli universities to identify new areas for research. In 2016, Accenture acquired Maglan, a privately-held Israeli cybersecurity company with a team of highly skilled cybersecurity professionals who honed their skills fighting cybercrime and confronting cyber espionage around the globe. This augments Accenture’s full range of security services and defensive countermeasures.
Later in 2016, Accenture opened its Cybersecurity R&D Lab in Herzliya, Israel. The Lab brings together a constant stream of fresh insights and breakthrough technologies through the Accenture Open Innovation program that collaborates with venture capitalists, start-ups and universities.
Cybersecurity is a top-of-mind concern for executives in banking and other industries, and threats keep evolving. I must admit, however, that after my trip to Israel, I feel more secure, having seen what top players from industry, government, venture capital and academia can accomplish when they work together to prevent and mitigate cyberattacks.
The post Israel’s growth as a cybersecurity hub is good news for banks appeared first on Accenture Banking Blog.
#Good #news and bad news for #PayPal. Good news: Bank of America #Merrill #Lynch announced a #partnership with the payments platform that enables #BofA’s U.S.-based commercial clients to make payments in international payments in local currencies to payees with PayPal accounts in countries including Mexico, France, Germany, Italy, the U.K., and the Philippines. Bad news […]
Bank Innovation
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