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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: Artificial Intelligence Use in Financial Services

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.1 In his 1950 paper "Computing Machinery and...

CTO Corner: Tokenization in Financial Services

Data breaches at merchants and rising concerns about payment fraud is driving greater interest in “tokenization.” Tokenization also addresses other long-standing concerns including the increasing proliferation and accessibility of customer credentials and sensitive information over the network. This CTO Corner discusses tokenization,...

CTO Corner: An Assessment of Cyber Insurance

2014 marked an important milestone in the growth of cyber insurance with a significant jump in both the number of companies offering cyber insurance and the number of firms buying cyber insurance. Currently, over fifty major insurance providers now offer cyber liability insurance coverage.

CTO Corner: Do Drones Have a Role in Financial Services?

This CTO Corner 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.

CTO Corner: e-Cash and Bitcoin and Future of Money

In May 2013, I wrote a CTO Corner about Bitcoin1 where I reviewed how it works as well as factors that are both driving and inhibiting its acceptance in the marketplace. This article updates my assessment based on events that have occurred during the 18 months. Bitcoin is an electronic cash system using peer-to-peer networking, digital...