Cyber Security, Regulation and Software

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. It involves using software to analyze both structured and unstructured data (i.e., The challenge is to ensure that the software being developed is not coded with biases. Risk Management. Cybersecurity.

Regulation

Regulation Industry Risk Management Analysis

SMBs Severely Underestimate Data Breach Costs

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. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps. ” The U.S. ” The U.S.

Data

Data Los Angeles Survey Cyber Security

The State of Responsible AI in Financial Services

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

Analytics San Diego Regulation Compliance

Webinars

Live Demo: How to Achieve Reconciliation Zen

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One City Plans To Run Entirely On Blockchain

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

blockchain Cyber Security Groups Regulation

The FFIEC’s Architecture, Infrastructure, and Operations book

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

Operations Software Risk Management Management

America’s AI Bill of Rights is the Right Idea – and It’s About Time

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

Handbook Analytics San Diego Regulation

Where Are We Now? 2022 Data Science and AI Predictions Revisited

FICO

AUGUST 8, 2022

As a big step in that direction, Machine Learning Model Operationalization Management ( MLOps ) aims to provide “an end-to-end machine learning development process to design, build and manage reproducible, testable, and evolvable ML-powered software.” Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence.

Data

Data Analytics San Diego Alaska

M-Pesa open API part of wider payments progress

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. ” Progress?

Cyber Security

Cyber Security Payments Security Regulation

4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

DECEMBER 1, 2022

The software and tools required can simply be too complex or too costly to pull together in piece-parts. Readily accessible via API connectivity, these professional AI software offerings will allow companies to develop, execute and monitor their models and algorithms, while also demonstrating proper AI governance. See all Posts.

Analytics

Analytics Phoenix San Diego Tools

Regulators' IM Crackdown May Increase Cyber Risk

American Banker

JULY 21, 2016

The Office of the Comptroller of the Currency's recent guidance on internal messaging software could impose significant hardships on banks and runs contrary to prevailing guidance on cybersecurity.

Regulation

Regulation Software Cyber Security Management

Glitch At National Bank of Canada Exposes Personal Information

PYMNTS

SEPTEMBER 22, 2017

In that data breach, the fraudsters may have stolen numerous important and identifying information on consumers, including birth dates and Social Security numbers. News of Equifax’s data breach has resulted in outcry from consumers, lawmakers and regulators. What’s more, 209,000 credit card accounts were also breached in the hack.

National

National Security Data Software

FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

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. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

Analytics

Analytics San Diego Cyber Security Data

3 Ways to Make the FFIEC CAT Work for You

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

Risk Management Security Management Tools

Four 2023 U.S. Policy Predictions for Financial Services Companies

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

Policies Company Regulation Risk Management

Community Banking Brief

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

SMBs Severely Underestimate Data Breach Costs

Webinars

Trending Sources

The State of Responsible AI in Financial Services

Webinars

One City Plans To Run Entirely On Blockchain

The FFIEC’s Architecture, Infrastructure, and Operations book

America’s AI Bill of Rights is the Right Idea – and It’s About Time

Where Are We Now? 2022 Data Science and AI Predictions Revisited

M-Pesa open API part of wider payments progress

4 AI Predictions for 2023: From the Great Correction to Practical AI

Regulators' IM Crackdown May Increase Cyber Risk

Glitch At National Bank of Canada Exposes Personal Information

FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

3 Ways to Make the FFIEC CAT Work for You

Four 2023 U.S. Policy Predictions for Financial Services Companies

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