Cyber IT Supervisory Forum eBook

Overview • Banking Technology | Brief Recap - How We Got Here

• Banker Perspective FirstBank | Who We Are & How We Approach Innovation • Fintech Perspective DefenseStorm | Who We Are & How We Work With Banks • Fintech Perspective SRA | Who We Are & How We Work With Banks • Q&A

CSBS CYBER & IT FORUM Q4 ‘24

Mainstays of modern banking systems were all once groundbreaking technology

BCE

Early recorded use of checks by Muslim traders

1960S

1000S

Adoption of standard currencies requires physical locations for deposits Custodians of stores of wealth streamline loan process laying ground for institutional banking

2010S

1800S Clearinghouses mainstream adoption in US First Wire Transfers enabled by expedited communications via invention of telegraph

CSBS CYBER & IT FORUM Q4 ‘24

Source: Federal Reserve Bank of Atlanta (2008) | First Utah Bank (2024) | Fintech Futures (2024) | Investopedia (2023)