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Wall Street stock-lending platform crashes in ransomware attack

American Banker

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

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

PYMNTS

“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.

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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. Digitization and Rising Complexity.

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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.

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Synthetic Identities: From Data Breaches to Auto Loan Fraud

FICO

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.

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CSBS Launches Three Online Tools for the Financial Services Industry

CFPB Monitor

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.

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Some Fintech Podcasts To Add To Your List

William Mills

Fintech5 features key financial industry and technology influencers who are changing the game. BreakingBanks is hosted by Brett King and is a podcast documenting technological changes to financial services, from banking to payments to money itself. This podcast features topics around lending, payments, fintech, innovation and more.

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