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. Sweeping in scope, the AIO guide is very detailed on guidance for different technologies.

Operations 118

Operations Software Risk Management Management 118

CFPB Monitor

DECEMBER 22, 2020

Additionally, service providers to banking organizations would be required to notify at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.

Security 78

Security Report FDIC Regulation 78

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. In between these events, a different crisis began in the US sub-prime lending market. The subsequent regulatory activity in response to these events focused on operational risks.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

Perficient

DECEMBER 14, 2020

Crisis response, maintaining safe and operational working conditions, mitigating supply chain disruptions, maintaining liquidity, and deftly responding to shifts in the market have emerged as key focus areas for all businesses. In the event of a disaster, data can later be restored to their original locations.

Technology 348

Technology Trends Software Resources 348

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Maintain transparency of operations of the IT systems.

Fraud 188

Fraud Security System Payments 188

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Maintain transparency of operations of the IT systems.

Fraud 186

Fraud Security System Payments 186

Abrigo

JANUARY 24, 2024

The service also plans to continue working internally with financial institutions to improve the ability of staff tied to anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud efforts to: Prevent a fraudulent event Detect and stop one in progress Manage or mitigate an event that has occurred.

Fraud 221

Fraud Payments Software Policies 221

PYMNTS

SEPTEMBER 11, 2019

Nicolas Dinh , chief operating officer of year-old Canadian financial startup STACK , recently spoke with PYMNTS about the key forms of fraud that nascent mobile financial services firms face and how companies can leverage security technologies and partnerships to gain customers’ trust. Partnering With Established Players.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

DECEMBER 28, 2020

Anthony Tan , Grab co-founder and chief executive officer, is looking to secure his title for life as the Singapore delivery and rideshare platform continues to move forward in its merger with rival Gojek , based in Indonesia. 28), citing sources.

Security 249

Security Regulation Report Company 249

PYMNTS

FEBRUARY 9, 2017

Brokers/dealers were concerned about the potential for consumers to exercise their rights under Regulation E to assert that a transaction was unauthorized up to 60 days after its settlement, despite the fact that securities settlement transactions are exempt from Reg. Beyond Securities Transactions. A Window Of Opportunity.

Security 100

Security Risk Management Conference Industry 100

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

Abrigo

NOVEMBER 17, 2023

The Federal Bureau of Investigations (FBI) reports that natural disaster has historically brought fraudsters out of the woodwork, pouncing on a pool of vulnerable victims: the more catastrophic the event, the more active the fraudsters. These costs are necessary and ongoing, forming a crucial barrier against fraud scams.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

AUGUST 23, 2019

Belgian and German data protection regulators were notified by Mastercard of a possible data breach, Bloomberg reported on Friday (Aug. The loyalty program, Priceless Specials, was operated by a third-party service provider and was shut down after the company first became aware of the breach. The breach was first noticed on Aug.

Data 154

Data Cards Maine Survey 154

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. COVID-19 has already had adverse economic effects domestically and globally.

cryptocurrency 150

cryptocurrency Bitcoin New York Regulation 150

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. In 2004, Clarke testified before the 9/11 Commission on the events and conditions that led up to the Sept. s National Health Service. 11, 2001, terrorist attacks.

Regulation 116

Regulation National Online System 116

Abrigo

FEBRUARY 6, 2020

After a three-year hiatus, the highly anticipated OFAC Symposium provided a wealth of information to financial institutions, attorneys, government officials and other attendees in a closed-to-the-press event. If you have questions about sanctions compliance or new regulations, contact us or another member of our risk advisory services team.

United States 195

United States Compliance Strategy National 195

Insights on Business

SEPTEMBER 13, 2018

Because of this misplaced confidence, many banks are delaying necessary operating model transformations. Failure to do so or further delay of operating model transformations…well…better call Darwin. Operating model transformation. Operating model transformation. This is a big problem. End-to-end enterprise digitization.

Operations 184

Operations Case Study Customer Experience Analytics 184

PYMNTS

SEPTEMBER 9, 2020

operations, TikTok parent ByteDance is in talks with the American government about potential deals to steer clear of their complete sale, The Wall Street Journal reported, citing unnamed sources. operations of TiKTok is encountering an obstacle as it is not known if the programming code at the center of the app can come with the deal.

US 150

US Operations Security Software 150

PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. But the events of the week indicate that this area is not likely to remain quite so gray forever. The Big Austin Loss .

Regulation 100

Regulation Austin San Antonio United States 100

PYMNTS

MAY 8, 2020

Consumers sitting down to bet through their computers or phones likely do not want to receive winnings via checks and expect effortless digital payments — even with online gambling platforms’ security measures ensuring winners are properly verified. Betting service 888.com The COVID-19 pandemic may have led more U.S.

Online 176

Online Industry New Jersey Pennsylvania 176

Bobsguide

SEPTEMBER 6, 2022

Broadridge Financial Solutions, a global Fintech leader, today announced that it is supporting German banking and securities services provider, DekaBank, with its market-leading solutions for the updated Shareholder Rights Directive (SRD II). Learn more at www.broadridge.com/SRD.

Regulation 88

Regulation Policies blockchain Security 88

PYMNTS

APRIL 22, 2019

The Chilean government has revealed that it is looking to implement tougher regulations on cryptocurrencies and FinTech. Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate.

Virgin Islands 122

Virgin Islands blockchain Fintech Bitcoin 122

Perficient

JULY 11, 2022

One could consider it the “layaway of the digital age,” except unlike with layaway, the consumer does not have to pay in full before taking their purchase home, using the service, obtaining the tickets to an event or destination, etc., which is a huge draw to using BNPL as a non-cash payment method. Looking Ahead in the BNPL Landscape.

Fintech 474

Fintech Trends South Dakota Apple 474

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

OCTOBER 1, 2020

Nowhere is that more true than in the legal cannabis industry where regulations are still evolving. Security and fraud risk is also reduced, he said. The company will look to hire additional staff tied to product and operations support. Banks have been inching into the space; cash still remains a hallmark.

Payments 271

Payments Colorado Marketing Cards 271

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. The Expectation for Resilience.

Meeting 52

Meeting Operations Customer Experience Technology 52

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

Abrigo

FEBRUARY 3, 2020

Financial institutions generally are moving away from self-managed, on-premise technology and are finding hosted solutions that provide the security and scalability they need. Creating more efficient operations and improving customer experiences are the goals driving technology strategies and investments at many U.S.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

DECEMBER 17, 2019

Such weak points can give cybercriminals opportunities to access open banking participants’ data and could lead to other large-scale fraud events that will drive consumers away from their banks. FIs must thus find ways to shore up such weak points if they wish to keep their customers loyal and secure.

Technology 142

Technology Fraud Data Security 142

Celent Banking

MARCH 2, 2017

The risk to a bank of doing business with a third party is real; the consequences of a risk event are not only disruptive, but often result in long-term reputational damage that can seriously affect the bottom lines of both the bank and the third party. We have all seen the media coverage.

How To 100

How To Risk Management Management Regulation 100

Cisco

MAY 10, 2022

Cisco Live delivers education and inspiration to technology innovators worldwide through large-scale in-person and digital events, as well as on-demand education. Dan Nadir, Chief Product Officer at Theta Lake, discusses solving the security and compliance challenges of hybrid work. Tune in June 13-16 for the live event broadcast.

Las Vegas 129

Las Vegas Industry Leadership Technology 129