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Does your bank need cyber insurance?

Independent Banker

Cyber insurance today is what property insurance was 50 years ago,” notes Gregory Montana, chief risk officer at FIS. Steps such as multi-factor authentication have proven to be highly effective and are viewed as minimum security features for banks seeking cyber insurance. Regulators paying closer attention to cyber risks.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

Figure Pay, he said, debuts in January in Missoula, Montana, and then will see a broader rollout through the quarter. Drilling down into the charter itself, Cagney told Webster that “this is a full national charter — not a FinTech charter, but one where we are not directly collecting FDIC insured deposits or partnering with a bank to do that.”

National 215