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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The Safeguards Rule requires financial institutions to have a comprehensive information security program. The proposed rule amendment will more clearly define the requirements for such information security programs. The expansion includes “finders” or those who charge a fee to connect consumers looking for a loan to a lender.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless?

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The 2015 GonzoBanker Awards

Gonzobanker

FFIEC’s Cyber Security Self-Assessment Tool. Disruptus Interuptus Award for fintech providers trying to beat the system that said, “Ah heck, let’s just sell and join the system”: Tie: Novelty media darling SmartyPig (SocialMoney) acquired by bank vendor Q2 for $10M. ” Great Moments in Vendor Demos. Demo Quote.