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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Lessons To Be Learned While Heartland Tri-State Bank of Elkhart is, by far, the smallest to fail in the past year, with the next closest in size being Signature Bank in New York (Signature failed on March 12 th , 2023 with $110 billion of assets and $88.6 billion in deposits), the failure still poses lessons for bank executives.

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The United States May License Bitcoin and Cryptocurrency Exchanges

Bank Innovation

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

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Getting real about real-time payments in the United States

Accenture

The United States is an instant payments laggard compared to the rest of the world. Despite these challenges, there is momentum in real-time payments adoption in the United States. For more insights on real-time payments, listen to a recent webinar, Real-time payments in the United States: A game of inches.

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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

Security 195
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How Nearshore Software Development Can Still Work in Highly Regulated Industries

Perficient

However, companies within certain industries may be more hesitant to incorporate a nearshore delivery model into their software development projects due to federal regulations around information and data security. For example, the financial services and healthcare industries require that client data must remain within the United States.

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

Questions on how to keep data secure are expected, but those regarding usage transparency or which elements they can access are somewhat new. “We This may be due more to the security threats they face when conducting conversations and business online, however. Privacy conversations are old hat for retailers, Ahrens noted.

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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship

Perficient

PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients. The significance of this is two-fold.