PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. .

Cards 130

Cards blockchain Cyber Security Retail 130

American Banker

DECEMBER 8, 2023

The deadline for compliance with the Securities and Exchange Commission's new cyber disclosure regulations is coming. Banks need to be ready.

Regulation 34

Regulation Compliance Security Cyber Security 34

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

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

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. ” The U.S.

Data 202

Data Los Angeles Survey Cyber Security 202

Qudos Bank

FEBRUARY 15, 2024

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

Cyber Security 52

Cyber Security Fraud Security Online 52

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

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

CFPB Monitor

MARCH 8, 2019

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

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

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

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

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

Qudos Bank

MAY 11, 2023

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

Cyber Security 40

Cyber Security Fraud Security Online 40

American Banker

NOVEMBER 20, 2023

In our ongoing battle against financial fraud, we need a holistic overhaul of the regulatory landscape to safeguard the financial industry and its stakeholders effectively.

Fraud 41

Fraud Regulation Industry Cyber Security 41

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. State regulators are encouraged to provide copies of pertinent guidance documents they issue for inclusion in this repository.

Tools 60

Tools Industry Online Resources 60

American Banker

JANUARY 2, 2024

Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money laundering laws.

Tennessee 82

Tennessee FDIC Regulation Cyber Security 82

FICO

OCTOBER 26, 2022

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. I’m delighted that one of my key innovations for Responsible AI, the use of blockchain technology for model management governance , was recently awarded a patent by the U.S. FICO Admin.

Handbook 52

Handbook Analytics San Diego Regulation 52

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions.

Operations 118

Operations Software Risk Management Management 118

Jeff For Banks

FEBRUARY 4, 2023

As described by ZDNet.com , "ChatGPT is a natural language processing tool driven by AI technology that allows you to have human-like conversations and much more with a chatbot. Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook.

United States 78

United States US Cyber Security Taxes 78

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

American Banker

FEBRUARY 26, 2024

of the Cybersecurity Framework, often cited by financial regulators, provides a structured approach to enhancing an institution's cybersecurity. Version 2.0

Regulation 45

Regulation Cyber Security Compliance Security 45

FICO

AUGUST 8, 2022

In these blogs, I review the industry trends and developments in technology set to impact businesses. Humble AI is artificial intelligence technology that will know it’s not sure about the right answer. This notion is gaining serious traction as the regulation of AI is becoming increasingly emboldened. Scott Zoldi.

Data 96

Data Analytics San Diego Alaska 96

American Banker

MAY 25, 2023

(..)

New York 69

New York Regulation Cyber Security Security 69

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. Fintechs are more agile, higher risk tolerant and closer to what consumers want.

Fintech 80

Fintech Cyber Security Innovation Examples 80

PYMNTS

NOVEMBER 13, 2017

India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale,” said Anupam Pahuja, country manager and managing director of PayPal India. For us, the marathon has just begun.”. said Randal Quarles, new member of the Fed’s Board of Governors. “I

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

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

American Banker

MAY 23, 2016

Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

Security 43

Security Retail Data Groups 43

FICO

DECEMBER 21, 2018

Thus, a couple of weeks from now we’ll ring in 2019, the Year of Cyber Insecurity: 52 weeks in which companies of all sizes and industries will experience a new level of fear – and in some cases panic – in realizing their vulnerability to data breaches, hacking and other cybercrimes. That's the best way to deal with cyber insecurity.

Cyber Security 40

Cyber Security Comparison Policies Data 40

FICO

DECEMBER 1, 2022

I’m calling this new pragmatism Practical AI, and I predict this technology will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. . Scott Zoldi is chief analytics officer at FICO responsible for the analytic development of FICO's product and technology solutions.

Analytics 98

Analytics Phoenix San Diego Tools 98

American Banker

FEBRUARY 16, 2022

(..)

Digital Banking 74

Digital Banking Regulation Cyber Security Data 74

American Banker

OCTOBER 5, 2023

The Federal Reserve vice chair for supervision said advancements in technology could put banks in a "constant struggle" to stay ahead of hackers and other bad actors.

Technology 74

Technology Cyber Security Policies Compliance 74

American Banker

JULY 22, 2016

Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.

Regulation 28

Regulation Cyber Security Security Technology 28

FICO

JUNE 9, 2022

Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. Unfortunately there is no reliable way to determine whether a SAR is defensive or not because of a lack of feedback from law enforcement and regulators. Scott Zoldi.

Analytics 52

Analytics San Diego Cyber Security Data 52

PYMNTS

JUNE 20, 2017

Today, these professionals are deploying technologies to track fees paid to their providers to not only save basis points, but to have more negotiating power on funding terms. Changing regulations, he said, make it more important for real-time and active data analysis to play a part in treasurers’ risk mitigation strategies.

Big Data 119

Big Data Data Risk Management Compliance 119

American Banker

SEPTEMBER 12, 2016

Cybersecurity enforcement efforts need to be better coordinated across government agencies, financial industry groups said in a letter Friday to the National Institute of Standards and Technology.

Regulation 28

Regulation National Groups Industry 28

American Banker

MARCH 17, 2016

A cybersecurity panel at the Women in Finance and Technology Symposium Thursday explored ways to enhance communication and collaboration between different branches of government working to strengthen the nation's cyberdefenses.

Regulation 28

Regulation National Technology Cyber Security 28