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Israel Approves New Digital Bank

PYMNTS

The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.

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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required.

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4 considerations for banking leaders concerned about cyber security

NCR

With that comes the need to protect the data associated with all types of banking transactions. Below are four considerations for banking leaders concerned about cybersecurity. In many cases, the opportunity to stop fraud begins with the customer.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. as they upgrade their online data and financial rules to support global digital banking innovations.

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Online Fraud Victims Need More Help from Banks to Recover

American Banker

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

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Online Lenders Band Together to Strike Back at Scammers, Stackers

American Banker

Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of borrowers trying to obtain multiple loans simultaneously.

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More progress for biometrics as TSB launches mobile iris scanning

NCR

There is lots of discussion in the financial services industry at the moment about biometric authentication and its potential to replace passwords and PINs in digital banking. It is the first bank in Europe to provide this capability. ” This is part of a wider project of tech-driven change taking place at the bank.

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