article thumbnail

Today’s Cyber Risk Management

Cisco

In between these events, a different crisis began in the US sub-prime lending market. In the latter half of 2021, regulatory agencies responded to increasing cyber risks with updated guidance for institutions and auditors. Nation-states will influence the financial services supply chain. Digitization and Rising Complexity.

article thumbnail

Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

Just last week, India’s Minister of state for electronics and IT (MeitY) announced that the government is drafting a national framework to expand the deployment of blockchain use cases.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Disruptive technology will not kill banks

Jeff For Banks

Lending Club funded $5 billion in loans since its founding in 2007. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Do you think your bank customers had an Orange account? Was ING Direct a disruptor? And Quicken Loans.

article thumbnail

Preparing for new regulatory requirements in payments

NCR

The Monetary Authority of Singapore (MAS) is currently consulting on proposed changes to the regulatory framework for payments and the potential establishment of a National Payments Council. One of the potential solutions to this is the creation of a National Payments Council to promote interoperability and the adoption of common standards.

article thumbnail

10 Who Had a Rough Year

American Banker

Scandal, business models gone awry, missing money and executive shake-ups — 2016 had it all. Here are the financial services executives or groups of them who took the heat and will be looking for better times in 2017.

Groups 28
article thumbnail

What Makes Up-and-Coming Tech Firms Bankable?

American Banker

Distinct business plans in promising areas such as smart use of consumer data, cybersecurity and content creation, according to Bank of America Merrill Lynch commercial banking executive Scott Olmsted. And that is just the beginning of his list.

America 28
article thumbnail

OCC Zeros In on New Risk Type: Strategic Decision Making

American Banker

Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.