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

CFPB Monitor

MARCH 8, 2019

Some of the proposed changes to the Safeguards Rule include: Encryption of all consumer data, Implementing access controls to prevent unauthorized users from accessing consumer information; Implementing multifactor authentication to access consumer data, and.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

SWBC's LenderHub

JANUARY 26, 2017

Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet. However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard.

Industry 60

Industry Security Cards Data 60

FICO

JUNE 9, 2022

I’m proud of the innovation FICO’s data science organization continues to infuse into our solutions, and am excited to blog about the two new AML Scores. This has resulted in Compliance organizations being inundated with false positives and, in some cases, detecting only 1-2% of money laundering transactions. .

Analytics 52

Analytics San Diego Cyber Security Data 52

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. Data governance and data management. Resilience.

Operations 118

Operations Software Risk Management Management 118

FICO

JANUARY 4, 2018

In this post, he discusses some of the special circumstances around using AI and machine learning to assess credit risk, a highly regulated field. They’re focused on using many types of alternative data, such as information gleaned from social media, to deduce credit risk. Read the full post.

Analytics 55

Analytics Cyber Security social media Analysis 55

American Banker

MAY 19, 2022

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Report 101

Report Data Cyber Security Compliance 101

American Banker

JUNE 1, 2022

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Data 69

Data Cyber Security Compliance Security 69

American Banker

MAY 23, 2016

Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

Security 43

Security Retail Data Groups 43

American Banker

NOVEMBER 2, 2016

If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.

Regulation 28

Regulation New York Cyber Security Community Bank 28

Celent Banking

OCTOBER 12, 2016

Both cyber and operational risk should be informed by and aligned with the institution’s enterprise-wide risk management framework. Stop throwing money at the problem. Educate decision-makers on why and how breaches happen.

Risk Management 100

Risk Management Operations Management Security 100

American Banker

JUNE 15, 2016

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

Regulation 28

Regulation Cyber Security Security Compliance 28

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. Plus, consumers don’t like passwords as a security measure. Data Security Matters.

Management 52

Management Security Cyber Security social media 52

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Regulator Award. FFIEC’s Cyber Security Self-Assessment Tool. Somebody-Call-the-Whaambulance Award.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52