PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps. ” The U.S. ” The U.S.

Data 202

Data Los Angeles Survey Cyber Security 202

Cisco

JUNE 7, 2022

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

DECEMBER 20, 2017

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using the distributed ledger technology in the back office.

blockchain 135

blockchain Cyber Security Groups Regulation 135

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A new report released in the U.K.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

AUGUST 30, 2016

“It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. It is envisioned that activity-based regulation of payment service providers would build public confidence and encourage the use of electronic payments.”

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. And that’s why some researchers and mobile technology observers are sounding what amounts to preemptive alarm about 5G. 5G Security Holes?

Security 143

Security Mobile Technology Cyber Security 143

Jack Henry

JULY 2, 2014

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

CFPB Monitor

MARCH 8, 2019

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

SWBC's LenderHub

JUNE 21, 2021

Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry.

Industry 78

Industry Compliance Regulation Technology 78

PYMNTS

JUNE 20, 2017

Today, these professionals are deploying technologies to track fees paid to their providers to not only save basis points, but to have more negotiating power on funding terms. Changing regulations, he said, make it more important for real-time and active data analysis to play a part in treasurers’ risk mitigation strategies.

Big Data 119

Big Data Data Risk Management Compliance 119

PYMNTS

NOVEMBER 13, 2017

India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale,” said Anupam Pahuja, country manager and managing director of PayPal India. For us, the marathon has just begun.”. said Randal Quarles, new member of the Fed’s Board of Governors. “I

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

NCR

JUNE 7, 2017

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them. Fintechs are more agile, higher risk tolerant and closer to what consumers want.

Fintech 80

Fintech Cyber Security Innovation Examples 80

Cisco

JUNE 7, 2019

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 63

Fraud Retail San Diego Cyber Security 63

American Banker

FEBRUARY 16, 2022

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Digital Banking 74

Digital Banking Regulation Cyber Security Data 74

American Banker

JUNE 6, 2024

A report on efforts to deconflict federal cybersecurity regulations found the Treasury in particular has not completed its recommendations.

Regulation 83

Regulation Report Cyber Security Security 83

CFPB Monitor

SEPTEMBER 3, 2019

Each of these initiatives provides valuable new resources for both banks and non-banks to stay apprised of changing state regulatory systems and technological advances that impact the financial services industry. State regulators are encouraged to provide copies of pertinent guidance documents they issue for inclusion in this repository.

Tools 60

Tools Industry Online Resources 60

American Banker

MAY 25, 2023

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New York 69

New York Regulation Cyber Security Security 69

FICO

AUGUST 8, 2022

In these blogs, I review the industry trends and developments in technology set to impact businesses. Humble AI is artificial intelligence technology that will know it’s not sure about the right answer. This notion is gaining serious traction as the regulation of AI is becoming increasingly emboldened. Scott Zoldi.

Data 96

Data Analytics San Diego Alaska 96

American Banker

JANUARY 2, 2024

Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money laundering laws.

Tennessee 82

Tennessee FDIC Regulation Cyber Security 82

American Banker

AUGUST 2, 2024

Community-banking groups and regulators' associations say small banks in particular need the free and accessible help. The federal Project Fortress initiative provides defensive tools for banks.

Groups 76

Groups Community Bank Community Tools 76

Cisco

JUNE 7, 2019

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 48

Fraud Retail San Diego Cyber Security 48

NCR

APRIL 4, 2017

Research conducted by the Confederation of British Industry (CBI) and PwC shows that 84 percent of financial services firms in the country expect to invest in new preventative technologies and IT systems to guard against security threats this year.

Cyber Security 49

Cyber Security Study Security Training 49

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. It includes network diagrams, data flow diagrams, business process flow and narratives.

Operations 118

Operations Software Risk Management Management 118

American Banker

DECEMBER 4, 2024

The FDIC, OCC, NCUA and Fed each signed onto a letter that detailed strategies for mitigating financial crimes against older Americans.

FDIC 41

FDIC How To Regulation Fraud 41

American Banker

DECEMBER 8, 2023

The deadline for compliance with the Securities and Exchange Commission's new cyber disclosure regulations is coming. Banks need to be ready.

Regulation 34

Regulation Compliance Security Cyber Security 34

Celent Banking

OCTOBER 12, 2016

Cyber risk is typically treated in parallel with other technology risks; the IT department is motivated to focus on securing the vulnerabilities of individual system components and proffers a micro view of security concerns. Know what technology you want from your vendors; know what advice to seek from your consultants.

Risk Management 100

Risk Management Operations Management Security 100

FICO

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Analytics 52

Analytics San Diego Regulation Compliance 52

Jeff For Banks

FEBRUARY 4, 2023

As described by ZDNet.com , "ChatGPT is a natural language processing tool driven by AI technology that allows you to have human-like conversations and much more with a chatbot. Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook.

United States 78

United States US Cyber Security Taxes 78

American Banker

JULY 17, 2024

An analysis of 13 comment letters from the financial industry highlights the most important changes banks want to see to rules proposed by CISA.

Regulation 48

Regulation Analysis Industry Cyber Security 48

FICO

DECEMBER 1, 2022

I’m calling this new pragmatism Practical AI, and I predict this technology will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. . Scott Zoldi is chief analytics officer at FICO responsible for the analytic development of FICO's product and technology solutions.

Analytics 98

Analytics Phoenix San Diego Tools 98

FICO

OCTOBER 26, 2022

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. I’m delighted that one of my key innovations for Responsible AI, the use of blockchain technology for model management governance , was recently awarded a patent by the U.S. FICO Admin.

Handbook 52

Handbook Analytics San Diego Regulation 52

Qudos Bank

FEBRUARY 15, 2024

These include: real-time transaction alerts, cyber security practices such as firewalls automatic time-outs and access codes for extra layers of protection. The Australian Prudential Regulation Authority (APRA) provides a list [5] of all Authorised Deposit-taking Institution (ADI), and their trading names covered by the scheme.

Cyber Security 52

Cyber Security Security Fraud Online 52

American Banker

SEPTEMBER 1, 2016

With even community banks getting hit by ransomware attacks, there's a long list of cybersecurity practices that bankers can expect their supervisors to scrutinize during upcoming exams.

Regulation 43

Regulation Community Bank Community Cyber Security 43

NCR

NOVEMBER 14, 2016

MAS is also proposing to bring Singapore’s payment regulations – which currently span two pieces of legislation – under a single framework covering the licensing, regulation and supervision of all payment services. ” Europe prepares for PSD2.

Payments 40

Payments Regulation Cyber Security National 40

American Banker

JULY 22, 2016

Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.

Regulation 28

Regulation Cyber Security Security Technology 28

Gonzobanker

NOVEMBER 1, 2016

Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Regulators, meanwhile, have historically not given such specific direction and with such a prescriptive approach as they’ve done with the CAT. to create a tailored, technology and security risk framework.

Risk Management 60

Risk Management Security Management Tools 60