PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A new report released in the U.K.

Cyber Security 112

Cyber Security Survey Regulation Security 112

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

PYMNTS

DECEMBER 20, 2017

The company announced this week that it deployed a “blockchain-inspired” technology to manage collateral in its ledger and facilitate the sending of cash and securities. Last week, PYMNTS noted Gibraltar’s plans to introduce blockchain regulation into its financial services space. Governments’ Blockchain Moves.

blockchain 135

blockchain Cyber Security Groups Regulation 135

Jack Henry

JULY 2, 2014

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

Jeff For Banks

FEBRUARY 4, 2023

Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Vendor management due diligence, such as "Where can I find third-party reviews on the nCino loan operating system?"; It has the potential to streamline research that helps make decisions.

United States 78

United States US Cyber Security Taxes 78

Celent Banking

OCTOBER 12, 2016

Most cyberattacks succeed because of weaknesses in people, processes, controls and operations. This is the definition of operational risk. Therefore, it makes sense to tackle cyber risk with the same tools you use to manage operational risk.

Risk Management 100

Risk Management Operations Management Security 100

PYMNTS

JULY 15, 2016

That puts these products under the rubric of Regulation Z, which Fauss says was never meant to handle deposit accounts. Regulation Z governs credit products, forcing full credit underwriting when credit is extended. Fauss notes that is not a regulatory hurdle regular DDA accounts must clear.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

NOVEMBER 13, 2017

The competition in India for digital payments dominance got that much more competitive this week with the announcement that PayPal has officially launched domestic operations in India. banking regulators need to pick up the pace in their efforts to confront the risks FinTech companies pose to the banking sector. “We

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

FICO

DECEMBER 1, 2022

Proper model package definition will improve the operational benefits of AI. I believe my AI predictions will allow the Corpus AI to strengthen and flourish during, and far beyond, the Great Correction – in a mature, standardized, auditable and regulation-ready way. Simplicity of monitoring. Ease of meeting regulatory requirements.

Analytics 98

Analytics Phoenix San Diego Tools 98

FICO

JUNE 9, 2022

However , t he adoption of AI and ML in money laundering detection has been slow due to mandated regulator scenarios that put at odds proof of compliance and, necessarily, an effective program. With AML operations in many banks deluged with false positives, it’s no surprise that sophisticated money launders continue to evade detection.

Analytics 52

Analytics San Diego Cyber Security Data 52

Cisco

JUNE 7, 2019

While the days of the good ol’ “stickup” bank robbery, cybersecurity threats are rapidly growing in number and complexity, and even the most advanced security teams scramble to keep up. Banks can no longer distinguish hacker from customer, and just like that, traditional perimeter security is rendered useless. Fighting fire with fire.

Fraud 63

Fraud Retail San Diego Cyber Security 63

PYMNTS

SEPTEMBER 24, 2018

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? According to Bank Info Security , quoting U.K.-based Facebook Faces Regulators’ Ire.

Data 152

Data Cyber Security Regulation social media 152

Cisco

JUNE 7, 2019

While the days of the good ol’ “stickup” bank robbery, cybersecurity threats are rapidly growing in number and complexity, and even the most advanced security teams scramble to keep up. Banks can no longer distinguish hacker from customer, and just like that, traditional perimeter security is rendered useless. Fighting fire with fire.

Fraud 48

Fraud Retail San Diego Cyber Security 48

PYMNTS

JULY 29, 2019

In Australia, BEC has hit hard, as CIO reported that several businesses in that country have been forces to shutter operations in the wake of such fraud. In Australia, BEC Hits Hard. The report noted that the purchase card program logged 7.1 million transactions in 2018, up from 6.1 billion.

Fraud 138

Fraud Cyber Security Cards Report 138

Gonzobanker

NOVEMBER 1, 2016

Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Regulators, meanwhile, have historically not given such specific direction and with such a prescriptive approach as they’ve done with the CAT. (Not that I’ve ever done that, mind you. It was the soccer field.)

Risk Management 60

Risk Management Security Management Tools 60

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.

Management 52

Management Security Cyber Security social media 52

FICO

OCTOBER 10, 2016

In today’s security world, we’re less likely to find something about to happen, or even something happening now, and more likely to find something that happened long ago. Earlier this year, IDG polled security “experts” to predict the “single biggest security threat of 2016 ”. Here’s what I’m talking about. Why is that?

Cyber Security 40

Cyber Security Security National Data 40

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52