Reuse, Reward: How Banks Can Safely Unlock the Value of Their Data

The financial world is awash with data. But too few organizations are able to use it effectively. In Bank Director’s 2025 Technology Survey, one-third of US banking leaders cite an inability to harness data as a top technology challenge facing their institution. They run the risk of falling behind their peers. For instance, some 42% of issuers and 26% of acquirers ​​​​​​​​have already saved more than $5m in fraudattemptsover the past twoyearsthanks to AI, according to Mastercard, and that can create significant competitive differentiation.

*** This is a Security Bloggers Network syndicated blog from comforte Blog authored by Michael Jaiyeola. Read the original post at: https://insights.comforte.com/reuse-reward-how-banks-can-safely-unlock-the-value-of-their-data

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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