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

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. The march toward AI regulation in the United States, now kicked off with the AI Bill of Rights, is a familiar pattern. America’s AI Bill of Rights is the Right Idea – and It’s About Time.

Handbook 52

Handbook Analytics San Diego Regulation 52

FICO

DECEMBER 1, 2022

These platforms will set standards, provide tools and define application programming interfaces (APIs) of properly productionalized analytic models, and deliver built-in capabilities to monitor and support them. The software and tools required can simply be too complex or too costly to pull together in piece-parts.

Analytics 98

Analytics Phoenix San Diego Tools 98

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. Who Uses Prepaid Anyway? Fauss notes that is not a regulatory hurdle regular DDA accounts must clear.

Cards 100

Cards Millennials Regulation Cyber Security 100

FICO

JANUARY 4, 2018

In this post, he discusses some of the special circumstances around using AI and machine learning to assess credit risk, a highly regulated field. He discussed the application of a FICO tool called Scorecardizer. These were: Security/IoT: Is your video cam no longer your friend? “ Enterprises: Lax cyber security?

Analytics 55

Analytics Cyber Security social media Analysis 55

FICO

DECEMBER 21, 2018

The good news is that 2019 will also provide a tipping point: these same organizations will be shocked into taking a more clear-eyed assessment of their cyber security posture, and strong actions to improve their cyber defenses. Here are three ways they’ll work to cure their cyber insecurity. Just Say “No” to Biometrics.

Cyber Security 40

Cyber Security Comparison Policies Data 40

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. Security and privacy. Availability and resilience. Scalability. Flexibility.

Operations 118

Operations Software Risk Management Management 118

Celent Banking

OCTOBER 12, 2016

Therefore, it makes sense to tackle cyber risk with the same tools you use to manage operational risk. 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.

Risk Management 100

Risk Management Operations Management Security 100

PYMNTS

AUGUST 12, 2016

A couple of weeks back, Australia’s three biggest banks complained to the Australian regulator that the only way that they could have a digital wallet presence on Apple’s phone is to become a provisioned card in the Apple Pay app and pay 15 basis points on each transaction. But is FireEye’s fizzle this week a security sizzle?

Lending 100

Lending Apple Cards Study 100

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. So with these tools, let’s put together a framework. Here is our factbase.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. So with these tools, let’s put together a framework. Here is our factbase.

Data 40

Data Security System US 40

Tomorrow's Transactions

NOVEMBER 7, 2014

But we need new tools to help. The event had three main themes: The future of UK financial regulation and British competitiveness post-FSA. Cyber Innovation: for example, behavioural analytics; the rise of private cyber cash, new payment platforms, mobile banking, privacy and consent, economics of cyber security.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

American Banker

OCTOBER 19, 2016

A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools.

Tools 28

Tools System Cyber Security Compliance 28

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

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

Gonzobanker

NOVEMBER 1, 2016

Congratulations to all the financial institutions that have completed the FFIEC Cybersecurity Assessment Tool (CAT). Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Mission Accomplished! So what’s next on the plate – world hunger? It was the soccer field.)

Risk Management 60

Risk Management Security Management Tools 60

PYMNTS

JUNE 20, 2017

We have to regulate how to use it in the future. When FindFace was finally smart enough to go public, it launched in 2016 as a tool for young urbanites to identify one another in public and connect later on social media, rather than approach someone at random on the train. It already exists,” Ivanov said.

Technology 173

Technology Retail social media Fraud 173

Gonzobanker

DECEMBER 22, 2015

Let’s see if better technology and delivery tools get the idea farther down the road this time. Regulator Award. FFIEC’s Cyber Security Self-Assessment Tool. “We teach you to make sure you use our system in a manner that doesn’t open any security loopholes.” They’re baaaack. Demo Quote.

Community Bank 60

Community Bank Apple Community Technology 60