article thumbnail

FFIEC Cybersecurity Maturity Assessment Tool

Cisco

financial institutions, the FFIEC released new guidance and a Cybersecurity Assessment Tool for institutions to self assess their risks and determine their cybersecurity maturity. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time.

Tools 114
article thumbnail

Bank CIOs Must Break Through The Tactical Barrier

Gonzobanker

However, in order to address this leadership mandate, CIOs must break through the tactical mindset and focus that consumes most hours of their day. Simply taking orders, fulfilling requests, managing outages, and measuring service levels—important responsibilities for sure—will not position the CIO nor the financial institution for success.

Resources 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

TSYS Names Barclaycard Executive As President Of Merchant Solutions

PYMNTS

We are thrilled to have a visionary such as Philip join our executive leadership team at TSYS ,” said Joseph in the release. In a press release, TSYS said it will also continue to provide other services to BBVA Compass, including card and statement production, fraud and risk management, web and mobile service support and other services.

article thumbnail

CFPB issues fourth biennial report on credit card market

CFPB Monitor

Like the December 2017 report which was issued under Acting Director Mulvaney’s leadership and unlike the two reports issued under Director Cordray’s leadership, the new report does not identify “areas of concern” or “areas of interest” that create risks for consumers and instead takes an objective approach. Risk management.

Cards 60
article thumbnail

Business Intelligence: No Vision = No Results

Gonzobanker

Now, the top challenge organizations face in turning data into an asset is leadership. Anyone running a BI team knows that managing technology is easier than setting specific priorities across the enterprise. So, from my experience, here’s the four-point plan for business intelligence leadership. BI = Leadership Tool.

article thumbnail

Bank Earnings Are Toast – It’s Time to Take Bold Action

Gonzobanker

Bank leaders need to mobilize their teams around proactive, disciplined actions to buttress the blow of the Paycheck Protection Program. So far, bankers have taken comfort in the soundbite that “this crisis is different” because of the strong capital levels and risk management rigor that has developed since the Great Recession.

Lending 104
article thumbnail

Wake up: Your bank is not efficient

Gonzobanker

To reach the efficiency levels of a next generation bank, leadership needs to set more ambitious targets for employee and staff dollar productivity. The plain truth is that banking has too many high paid managers who would struggle to justify what they do productively with their 2,000 hours of work time per year.