The Paypers

JUNE 7, 2017

(The Paypers) Bottomline Technologies report results have revealed that fraud and the need for greater cyber-security measures remain high on the agenda for financial decision makers.

Cyber Security 28

Cyber Security Security Industry Fraud 28

Cisco

JUNE 7, 2022

This quickly metastasized into significant global credit risk for large institutions and became the biggest existential threat to the industry in more than a century. Cyber risk is the largest and fastest growing operational risk within financial services. Digitization and Rising Complexity.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. And that’s why some researchers and mobile technology observers are sounding what amounts to preemptive alarm about 5G. 5G Security Holes?

Security 143

Security Mobile Technology Cyber Security 143

Insights on Business

MAY 18, 2018

There are five trends that all industries are facing, but I’d argue no industry is feeling them more acutely than financial services: Shareholders increasingly demand higher margins, as customers increasingly expect more personal and convenient experiences. It can flag problems and route issues to security analysts. Efficiency.

Operations 93

Operations Security Cyber Security Customer Experience 93

William Mills

NOVEMBER 9, 2017

with nearly 2,000 financial industry professionals in attendance. The conference also featured a TechConnect showcase where more than 130 vendors demonstrated their technology. The 2017 Jack Henry Annual Conference (JAC) took place October 15-19 in Nashville, Tenn. Attendees really seemed to enjoy the new format!

Cyber Security 40

Cyber Security Conference Fintech Security 40

Perficient

APRIL 2, 2021

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Personalization of Customer Services.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

JULY 22, 2020

MAS also proposed new powers to prevent people from working in the financial industry if they’re found to be “unsuitable,” boost the framework for managing risk in tech, and make dispute resolution more effective.

Regulation 140

Regulation Bitcoin Cyber Security cryptocurrency 140

SWBC's LenderHub

JUNE 21, 2021

Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry.

Industry 78

Industry Compliance Regulation Technology 78

PYMNTS

DECEMBER 2, 2019

“The increasing demand for digitalized financial services has created an opportunity for Sri Lanka to evaluate the possibility of adopting Blockchain Technology to further advance Sri Lanka’s financial sector,” the bank’s invitation to apply read.

blockchain 132

blockchain System Cyber Security Technology 132

PYMNTS

JUNE 21, 2017

What’s more, half of the companies surveyed experienced between one and five IT security incidents in the past 12 months. “As Preparedness among all departments in the organization — such as executive leaders, engineers, IT security teams and more — is key to protecting against cyberattacks.

Survey 124

Survey Cyber Security Security Training 124

CFPB Monitor

SEPTEMBER 3, 2019

Each of these initiatives provides valuable new resources for both banks and non-banks to stay apprised of changing state regulatory systems and technological advances that impact the financial services industry. This map provides a catalogue to help the financial services industry navigate these changing laws.

Tools 60

Tools Industry Online Resources 60

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

JANUARY 2, 2020

Ministry of Electronics and Information Technology (MeitY) has identified Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking & Finance, Cyber Security and so on,” wrote Sanjay Dhotre.

Cards 130

Cards blockchain Cyber Security Retail 130

The Paypers

MARCH 8, 2018

(The Paypers) The World Economic Forum has led the creation of an industry consortium that aims to improve the cybersecurity of financial technology companies.

Cyber Security 28

Cyber Security Security Fintech Financial Technology 28

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

DECEMBER 20, 2017

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using the distributed ledger technology in the back office.

blockchain 135

blockchain Cyber Security Groups Regulation 135

Cisco

MARCH 3, 2021

There is an increased sense of urgency to Connect, Secure & Automate, and most importantly, to make Banking, Insurance & Wealth Management easier for customers, partners and stakeholders. Questions our clients and strategic partners are asking include: How will employees consume technology moving forward?

Strategy 77

Strategy Cyber Security Survey Security 77

PYMNTS

AUGUST 30, 2016

“It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. It is envisioned that activity-based regulation of payment service providers would build public confidence and encourage the use of electronic payments.”

Fintech 101

Fintech Cyber Security National Regulation 101

Jeff For Banks

FEBRUARY 4, 2023

At Bank Director's Acquire or Be Acquired conference , I had a sidebar conversation with a longtime friend and banking industry investment banker about ChatGPT, which stands for Chat Generative Pre-Trained Transformer. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack

United States 78

United States US Cyber Security Taxes 78

Cisco

APRIL 7, 2019

While banks work to build the right customer experience across channels, emerging technologies like voice-first banking and intelligent chat bots gain footing. How can firms provide rich customer experiences in an ever-changing environment without sacrificing security along the way? Cyber security is more than just “top of mind.”

Trends 64

Trends Cyber Security Big Data Analytics 64

PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. In addition, organizations — those with a long view, at least — have long done cyberthreat assessments, a process centered around checking anti-hacking technology and the credibility of cyberattack response plans.

Exercises 151

Exercises Louisiana Cyber Security Tools 151

Insights on Business

FEBRUARY 21, 2019

In the financial services industry today, industry leaders are focused on leading their organizations into the future: Reshaping the customer experience with new business models supporting an integrated ecosystem-based marketplace. Optimizing risk, compliance and security. Optimizing risk, compliance and security.

Innovation 79

Innovation Seattle blockchain Customer Experience 79

FICO

DECEMBER 12, 2022

This technology is incorporated into FICO® Falcon® Fraud Manager. False Positive Reduction in Abnormality Detection System Models,” which covers technology for reducing the false-positive rate for transactions occurring at the same merchant and/or location where a consumer has transacted previously.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

Cisco

APRIL 7, 2019

While banks work to build the right customer experience across channels, emerging technologies like voice-first banking and intelligent chat bots gain footing. How can firms provide rich customer experiences in an ever-changing environment without sacrificing security along the way? Cyber security is more than just “top of mind.”

Trends 48

Trends Cyber Security Big Data Analytics 48

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

Celent Banking

OCTOBER 12, 2016

Cyber risk is typically treated in parallel with other technology risks; the IT department is motivated to focus on securing the vulnerabilities of individual system components and proffers a micro view of security concerns. Know what technology you want from your vendors; know what advice to seek from your consultants.

Risk Management 100

Risk Management Operations Management Security 100

PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100

Fraud Online United States Cyber Security 100

Payments Source

DECEMBER 18, 2017

In a move designed to strengthen its capabilities for integrated payments, processor and technology provider Total System Services has agreed to acquire Cayan for $1.05 The news shortly follows another deal valued in the billions — Thales agreeing to buy the chip maker Gemalto for $5.4 billion.

Trends 64

Trends Industry System Technology 64

William Mills

JUNE 22, 2017

Podcasting continues to gain ground in popularity and that is translating to the fintech industry as well. Fintech5 features key financial industry and technology influencers who are changing the game. CU Broadcast is a Credit Union talk show featuring game changers, innovators and ambassadors in the industry. BankSocial.

Fintech 61

Fintech social media Cyber Security Conference 61

FICO

DECEMBER 19, 2016

The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about the security of the companies they do business with.

Cyber Security 40

Cyber Security Security Data California 40

NCR

APRIL 4, 2017

The issues of fraud and security should be forefront in the minds of every financial institution (FI) at the current time. Meanwhile, 72 percent of FIs expect to invest in cyber security training and awareness programs, while two-thirds (67 percent) will look to employ personnel with expertise in this area.

Cyber Security 49

Cyber Security Study Security Training 49

NCR

AUGUST 3, 2017

There is lots of discussion in the financial services industry at the moment about biometric authentication and its potential to replace passwords and PINs in digital banking. This new technology is being made available alongside the existing fingerprint authentication option. It is the first bank in Europe to provide this capability.

Mobile 51

Mobile Samsung Cyber Security Security 51

NCR

JUNE 7, 2017

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them. This figure falls to 23 percent for the rest of the industry.

Fintech 80

Fintech Cyber Security Innovation Examples 80

American Banker

DECEMBER 21, 2016

With identity management now established as a distinct industry, it needs an organization to nurture its practitioners like those that exist for the privacy and security sectors.

Industry 28

Industry Security Management Cyber Security 28

FICO

DECEMBER 16, 2019

Also, questions can be asked about the number of respondents and how representative this really is of the global industry. That said, there are a number of factors that resonate from our interactions with customers and knowledge of the industry. Fraud teams operate with lean structures.

Survey 52

Survey Fraud Cyber Security Compliance 52

FICO

MAY 2, 2019

As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online. Fraud and data breaches have always had a close, if destructive, relationship.

Fraud 70

Fraud Data Cyber Security Risk Management 70

William Mills

DECEMBER 21, 2017

The fact is that because financial institutions hold valuable consumer data, such as credit card and social security numbers, they are simply more likely to be the target of a cybersecurity attack. As technology continues to change and evolve, cybersecurity tactics are evolving as well.

Cyber Security 40

Cyber Security Study Survey Security 40