In today’s top news in digital-first banking, Mastercard has unveiled its artificial intelligence (AI)-powered Cyber Secure tool suite, while Radius Bank has advanced in its relationship with application programming interface (API) company Treasury Prime with the launch of its Commercial API Banking Program and sandbox. Plus, TransUnion is bolstering its credit reports.
Mastercard has announced its artificial intelligence (AI)-powered Cyber Secure tool suite, which lets banks make sense of cyber risk across their ecosystems and stop potential breaches from happening. Banks can find and prioritize threats as well as vulnerabilities throughout their cyber environments with the help of the technology. In addition, acquiring banks can assist merchants with understanding their own cyber risk.
Radius Bank has progressed in its relationship with application programming interface (API) company Treasury Prime with the launch of its Commercial API Banking Program and sandbox testing infrastructure. The sandbox lets programmers consider Radius APIs for their given use cases and see how those APIs would function in their technologies, while the Radius API checking account lets business clients use their own operating systems to handle their banking.
TransUnion is launching a new offering that it says will save resources for lenders and other companies looking for credit data on possible borrowers and other clients. The Illinois-based credit rating agency indicated that its credit reports will also come with access to verified income and employment information with the rollout of its new TransUnion Income and Employment Verification offering.
Longtime Citi executive Naveed Sultan will head up the financial firm’s efforts to advise governments and other customers on digitization in a new position as the Institutional Clients Group chairman. The executive has served for the past nine years as the global head of the firm’s Treasury and Trade Solutions, or TTS, of which he will keep operating until a replacement is located.