PYMNTS

AUGUST 30, 2016

Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework. MAS will also establish a new National Payments Council (NPC) in Singapore as part of the oncoming reforms.

Fintech 101

Fintech Cyber Security National Regulation 101

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

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. 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

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 Regulatory Guidance Portal. A link to the State Survey Map of Money Transmission Laws is available here.

Tools 60

Tools Industry Online Resources 60

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

Cisco

JUNE 7, 2019

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 63

Fraud Retail San Diego Cyber Security 63

American Banker

MAY 1, 2024

intelligence agencies and systemically important financial entities. A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S.

Policies 73

Policies System Cyber Security Security 73

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

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. . This will allow updates to be integrated more smoothly into the existing rules and strategies of the larger artificial intelligence system.

Analytics 98

Analytics Phoenix San Diego Tools 98

Cisco

JUNE 7, 2019

How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats? Retail banks can start by protecting customer accounts with security that goes beyond a single user ID and password using a strong multi-factor authentication (MFA) solution like Duo Security. billion in 2018.

Fraud 48

Fraud Retail San Diego Cyber Security 48

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

FICO

JUNE 9, 2022

Rules-based Systems Continue to Underperform. Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. Every individual customer’s transaction activity is a mixture of transaction behavioral archetypes. Scott Zoldi.

Analytics 52

Analytics San Diego Cyber Security Data 52

NCR

APRIL 4, 2017

Research conducted by the Confederation of British Industry (CBI) and PwC shows that 84 percent of financial services firms in the country expect to invest in new preventative technologies and IT systems to guard against security threats this year.

Cyber Security 49

Cyber Security Study Security Training 49

PYMNTS

NOVEMBER 13, 2017

But not to worry, folks: This is just an inconvenient speed bump on the way to a future where cryptocurrencies – bitcoin and Ethereum and the 998 offspring they beget – become the underpinning of our new global financial system. PayPal’s India Push. For us, the marathon has just begun.”. So, what did we learn this week?

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

NCR

NOVEMBER 14, 2016

Of the myriad mechanisms, sectors and services that make up the global financial system, one of the fastest-growing is the payments space. One of the objectives of this change is to strengthen consumer protection, while enhancing anti-money laundering standards and cyber security. ” Europe prepares for PSD2.

Payments 40

Payments Regulation Cyber Security National 40

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

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.

Risk Management 100

Risk Management Operations Management Security 100

American Banker

JUNE 9, 2016

Regulators need to start paying attention to "denial-of-system" attacks as one of the triggers that could bring down a systemically important institution.

Regulation 28

Regulation System Cyber Security FDIC 28

Lex Sokolin

AUGUST 5, 2019

They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. Instead, let’s take a more systemic approach. We can acknowledge that crime, theft, and mutual destruction is a human attribute, not some externality of a technology. But it doesn’t do any work.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. Instead, let’s take a more systemic approach. We can acknowledge that crime, theft, and mutual destruction is a human attribute, not some externality of a technology. But it doesn’t do any work.

Data 40

Data Security System US 40

Tomorrow's Transactions

NOVEMBER 7, 2014

Anyway, to be completely honest I’m not sure that we got any closer to understanding what emerging cybercrime threats we should be factoring in to our risk analysis nor which technological vulnerabilities we needed to assess further. The event had three main themes: The future of UK financial regulation and British competitiveness post-FSA.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

American Banker

OCTOBER 24, 2016

A cybersecurity information-sharing group for the financial services industry has moved forward with a plan to create an arm dedicated to combatting threats to the largest banks.

Groups 28

Groups System Industry Cyber Security 28

Gonzobanker

DECEMBER 22, 2015

It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. 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.

Community Bank 60

Community Bank Apple Community Technology 60

American Banker

AUGUST 3, 2016

The situation turns on whether the CFTC inadvertently pushed Bitfinex to adopt a weaker security system than it had been using. However, the way the bitcoin exchange used the new system was significantly flawed, security experts said.

Bitcoin 28

Bitcoin Security System Cyber Security 28

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

American Banker

MAY 12, 2016

Hackers believed to be working from China accessed the computer systems of top officials at the Federal Deposit Insurance Corp., according to a top House lawmaker investigating the incident.

FDIC 28

FDIC Data System Cyber Security 28

American Banker

JUNE 1, 2016

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

System 28

System Cyber Security Regional National 28

American Banker

JUNE 3, 2016

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

National 28

National Cards Cyber Security System 28

American Banker

JUNE 3, 2016

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

National 28

National Cards Cyber Security System 28