DUE DILIGENCE: BayCoast Bank Chief Information Officer Dan DeCosta says banks need to exercise caution, so as not to rush out new technology that creates more problems than solutions. / PBN PHOTO/RUPERT WHITELEY
The financial sector long ago embraced online banking, but the coronavirus crisis has boosted use of the technology to new levels. Financial institutions reported an 85% increase in mobile-banking traffic in April combined with a 200% spike in new mobile registrations, according to Fidelity National Information Services. While the data reflects information shared by 50…
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