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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: Sharing Economy

The sharing economy (sometimes also referred to as the peer-to-peer, mesh, or collaborative economy) involves people lending and sharing assets and services directly with each other, coordinated by a sharing network usually running over the Internet. The sharing can involve almost anything, including Wi-Fi connections, electrical power, rooms,...

CTO Corner: Why Encryption Is Essential and How to Address Potential Vulnerabilities

To meet the growing cyber threat it is important for financial institutions to increase their understanding of encryption, a complex subject based on mathematical theory and computer science practice. Although encryption is only one of a number of important and valuable security tools, it is one of the least understood, and as cyber defenses...

CTO Corner: Impact of The Internet of Things on Financial Services

As more consumer devices connect to networks and people, new opportunities and challenges arise. This article discusses the growth of the Internet of Things (IoT) and the ways it could impact financial services. It builds on my June 2013 article, which focused on IoT security and interoperability challenges.

CTO Corner: The Future of Payments

Over the last few years, we have seen a growing number of new innovative product offerings in the payments area. Three events are contributing to this accelerating rate of innovation:

CTO Corner: Biometrics and its Emerging Role in Financial Services

This article updates my September 2011 CTO Corner on the state of biometrics and its impact on financial services. At that time, biometrics was employed in specialized areas such as law enforcement and anti-terrorist surveillance and I queried whether biometrics would be deployed on a large scale in mainstream markets, such as financial services....