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Does your bank need cyber insurance?

Independent Banker

Cyber insurance today is what property insurance was 50 years ago,” notes Gregory Montana, chief risk officer at FIS. This not only delays reimbursement for losses, but can also be a drain on internal resources, notes Montana. Regulators paying closer attention to cyber risks. Insuring against cyber risks.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

Figure Pay, he said, debuts in January in Missoula, Montana, and then will see a broader rollout through the quarter. But they also offset some of those savings due to the regulatory costs and overhead that comes with compliance burdens. Looking Toward The Blockchain . There’s also the matter of product consistency.

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