Banking 2020
NOVEMBER 19, 2015
We’ve identified three types of third party security issues that need addressing. Third party payment provider security. But impending regulation changes mean banks won’t even have a choice about this risk. “The Third party vendor security. Third party merchant security.
Banking 2020
NOVEMBER 25, 2015
China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. Therefore, proposals issued by the country’s central bank will aim to add “much-needed safeguards” to tackle these issues, the Wall Street Journal reports. The impact of tougher regulations.
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Banking 2020
NOVEMBER 8, 2015
Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. ” Progress?
Banking 2020
MARCH 19, 2015
It’s hard to think of two industries more regulated than healthcare and banking. Regulations, meanwhile, can take years to legislate and implement. Krebs on Security , the invaluable blog that is often ahead of the pack on cybercrime, has been on this case since it occurred, and explores the broader ramifications.
Banking 2020
JANUARY 21, 2016
And it’s one that goes to the heart of the debate among bank bosses about whether to participate in third party payment apps using an Application Programming Interface (API) or build their own standalone versions. It’s worth pointing out that banks won’t have much say over third-party access to accounts with the arrival of PSD2.
Banking 2020
NOVEMBER 24, 2014
For now, the biggest news regarding HFT is that there probably won’t be real news for a while—it’s being reported that for now, at least, the Securities and Exchange Commission (SEC) won’t institute a new set of regulations to curb alleged violations in this contentious arena. It would be nice if those changes happened on our terms.
Banking 2020
OCTOBER 22, 2014
From the retail point of sale to core banking systems, online security issues have dominated financial headlines in 2014. retailers reporting being targeted, and banks suffering an estimated $650 million in losses from deposit account fraud, according to separate reports by AFP and the American Bankers’ Association.
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