By FINTECH Books Contributor, Bruno Macedo Follow: @armindom  The technical advances made in Internet-related technologies during the past decades lead to an ubiquitous world. From mobile Internet, self-learning algorithms, Big Data, AI, robotics to the IoT, we are just at the beginning of an increasingly digital, 24-hour connected society. Banks have been struggling to research, develop, assimilate and apply new technologies. CBS or Core Banking Systems are the information and technology systems that support nearly every major banking process. They are the infrastructure that link services to business units, customers and back-office functions, and not only do they drive the banks’ day-to-day operations, but also serve as the core for new capabilities and growth. Currently banks have been struggling with CBS that have been under-performing and outdated architectures that barely support current key processes. With renewed pressure to tamp down costs and adjust to volatile conditions financial organizations have currently little confidence in their ability to manage risk, especially in technology and operations. The result: risks like cyber threat activity, the increasing speed in capital markets and overall risk management, are making banks search for new quick options. Fintech, fueled by ambitious entrepreneurs, innovative technologies and consumer demand has been labelled the solution for these challenges as well as a modern-day gold rush. Global investment in FinTech currently sits at $13.8 billion with hopes of creating and requesting new and bold organizations to address these financial organizations issues. Yet strangely there seems to be little direct discussion about whether the FinTech industry has the required security level. The scale the industry achieved projected 2.2 trillion dollars of managed wealth by 2020 questions whether these young technology firms can handle safely these amounts and other financial services. The number of cyber-attacks, institutions hacked as well as the overall cost of security has been on the rise, so what can we expect from FinTechs’ security in the future?