Technology / Social Media

  • Social Media Is A Winning Game, But Many Advisors Aren’t Playing
    Social Media Is A Winning Game, But Many Advisors Aren’t Playing

    Financial advisors use social media more frequently and feel it is more valuable than do RIAs

    A study by global asset manager American Century Investments showed that the more advisors use social media, the more value they receive from it. However, a surprising number of advisors don't use social media on a consistent basis, and many view it as not having a large effect on their business, either now or in…
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  • Know Your Customer
    Know Your Customer

    Global study identifies roadblocks and way forward for financial industry, to benefit customers, fight financial crime and reduce regulatory burden

    Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current 'Know Your Customer'(KYC) processes.
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  • Avoid Peer-to-Peer Payment Scams on Paypal, Zelle, Venmo, and Others
    Avoid Peer-to-Peer Payment Scams on Paypal, Zelle, Venmo, and Others

    Look who's lurking behind popular peer-to-peer apps

    Peer-to-peer payment services such as PayPal, Venmo, or Zelle become more popular each year. They come in handy when you need to pay a coworker for lunch or send money to a friend. But scammers have been targeting these apps, using variations on old schemes tailored to the new technology.
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  • Robo Underwriters Transform A Once Cumbersome Process
    Robo Underwriters Transform A Once Cumbersome Process

    How to solve the pricing/expense equation to better deliver profitability to life insurers

    Rigorous underwriting allows life insurers to price products appropriately, but also adds considerable expense to the bottom line and can make it harder to insure underserved populations. Many US life insurance companies see technology – in the form of automated underwriting software systems – as at least a partial solution to this dilemma.
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  • American Consumers Recognize Their Role in Preventing Cybercrime…
    American Consumers Recognize Their Role in Preventing Cybercrime…

    But they're bothered by perceived inconveniences of advanced security

    According to the 2019 Cybersecurity Awareness Insights Study released today by Fiserv, most Americans consider themselves at least somewhat informed of cybersecurity threats, yet many fall short at proactively protecting their personal data.
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  • LIMRA, LOMA and the Secure Retirement Institute Launch FraudShare to Help the Industry Combat Account Takeover Fraud
    LIMRA, LOMA and the Secure Retirement Institute Launch FraudShare to Help the Industry Combat Account Takeover Fraud

    An industry solution to help companies identify fraudulent activity

    LIMRA, LOMA and the Secure Retirement Institute (SRI) today launched FraudShare TM, a new platform that will enable financial services companies to better detect and prevent account takeover attempts.
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  • Longevity Illustrator Helps Evaluate a Critical Retirement Security Risk
    Longevity Illustrator Helps Evaluate a Critical Retirement Security Risk

    Data, methodology updates reveal probabilities of life expectancy, and help with income planning

    The American Academy of Actuaries and the Society of Actuaries (SOA) have updated the jointly developed Actuaries Longevity Illustrator (longevityillustrator.org), a web-based tool that allows users to quickly generate an estimate of how long they might live in a few simple steps.
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  • Safe Surfing: How To Spot A Suspicious Embedded Link
    Safe Surfing: How To Spot A Suspicious Embedded Link

    Be careful what you click

    Chances are, you found this article by clicking a link. We constantly click links to bounce around the web, since it’s an easy way to get from one page to another for learning, subscribing, purchasing, or just visiting websites.
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  • Can An Income-Management Software Save Money For Retirees?
    Can An Income-Management Software Save Money For Retirees?

    Kindur Introduces SmartDraw to help Boomers keep more of their money in retirement;

    Kindur Introduces SmartDraw to help Boomers keep more of their money in retirement; Retirees can earn an extra $61,000 in retirement with their personalized withdrawal strategy October 18, 2019 — NEW YORK–(BUSINESS WIRE)–Today, Kindur has officially launched SmartDraw, a subscription service designed to empower baby boomers to retire fearlessly. With Kindur’s intuitive technology and the…
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  • PIN vs. Password: Which One Is More Secure?
    PIN vs. Password: Which One Is More Secure?

    Digital security expert explains, when you should use a PIN and when a password

    by Chad Hammond

    October 17, 2019. As users of this digital age, we have many different choices. You can enable or disable web cookies, depending on how much information you want a website to gather about you. You can use encrypted services or unencrypted ones, depending on how much you’re concerned about your privacy and security.
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  • 2019’s States Most Vulnerable to Identity Theft & Fraud
    2019’s States Most Vulnerable to Identity Theft & Fraud

    How 'bug data breeches' are compromising our personal information

    With businesses such as WhatsApp, Quest Diagnostics, Microsoft, ASUS and Capital One experiencing data breaches this year, the free credit-monitoring website WalletHub today released its report on 2019’s States Most Vulnerable to Identity Theft & Fraud as well as accompanying videos.
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  • 61% of Financial Services and Insurance Companies Plan to Move Away from Traditional Business Models
    61% of Financial Services and Insurance Companies Plan to Move Away from Traditional Business Models

    More than 80% of respondents believe Amazon and other tech giants could become major competitors

    According to research findings released today by NTT DATA Services, new digital technologies, increased competition, and evolving customer expectations are driving 61% of financial services and insurance companies (FS&Is) to shift away from traditional, vertically-integrated business models of offering customers only their own products.
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  • BBB Warns of Social Media Video Scam: “Is This You?”
    BBB Warns of Social Media Video Scam: “Is This You?”

    A new phishing scam highlights, once again, that you must be careful of the 'friends' you trust

    Have you received a Facebook message with a video link asking, “Is this you?” If you have, don’t click the link. Delete the message and make sure your firewall and anti-virus software are up-to-date.
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