BITS CTO Corner

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CTO Corner

CTO Corner is BITS’s monthly publication covering emerging trends and technologies in the financial services industry.


CTO Corner: InsurTech – Trends, Issues, and Recommendations

Most FinTech start-ups are targeting traditional banking functions, such as payment innovations, robo-advisors, and peer-to-peer lending, but the insurance industry will likewise be impacted by global technology and business innovation trends. The insurance industry is an attractive opportunity for technology start-ups because of its huge revenue...

CTO Corner: Open Finance Application Programming Interfaces (API) – Why They Matter

With the convergence of mobility and the rapidly advancing landscape of “Internet of Things”, FinTech applications are changing the way financial services and products are built and delivered. New applications increasingly are being developed in open source collaborative communities, using Applications Programming Interfaces (APIs),...

CTO Corner: What Can We Do to Better Protect Sensitive Personal Information?

2015 was a banner year for data breaches, culminating in December 2015 when 191 million registered voters’ sensitive personal information (names, home addresses, voter IDs, phone numbers, dates of birth, political affiliations, and voting history) was revealed. With the accumulation of this large data base of sensitive personal information, it...

CTO Corner: What is a Blockchain and why is it important?

2015 was marked by an explosion of blockchain announcements by start-ups and incumbents. Investors claim blockchain is a break-through technology that can be used to enable peer-to-peer exchange of anything of value, including assets, property, and contracts, using cryptography in lieu of trusted intermediaries. As more companies announce their...

FinTech: The Democratization of Financial Services

The financial sector is no stranger to change and disruption (from bartering to coins and paper money, to stocks and mutual funds) but the explosion of financial services technology (FinTech) start-ups is accelerating change at an exponential pace. In the past, changes took place over decades. Now, many occur in a single year or even shorter...