Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry. Insider risk.

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PYMNTS

SEPTEMBER 30, 2019

Our customers increasingly rely on us to provide solutions that help make their systems safer and more secure,” said Johan Gerber, executive vice president, security and cyber innovation, Mastercard. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

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PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. We should not deify artificial intelligence as it could go wrong just like any other technology,” Gang said. billion by 2023, up from an estimated $4.5 trade war.

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South State Correspondent

MAY 13, 2024

With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders.

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PYMNTS

OCTOBER 14, 2020

Given today’s realities, adding more technology options is even more critical to ensuring faster payments across the globe," Thelen said, according to the release. The firm has also worked with the National Bank of Fujairah PJSC (NBF) in order to enable them. This isn't Ripple's first foray into cross-border payments.

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South State Correspondent

JUNE 14, 2024

Banks often lack a technology architecture plan and are channeled down dead-end streets. Bankers don’t know what they don’t know, and few bankers outside of national and regional banks have experience with platform selection when it comes to digital banking platforms. Part of this problem is deficiencies in vendor selection.

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PYMNTS

FEBRUARY 6, 2020

technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . based technology in all 56 of our field offices and spanning just about every industry sector,” Wray said. William Evanina, a senior U.S.

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PYMNTS

JUNE 14, 2019

Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues. New security threats are emerging, too. Around the IoT World.

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PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. FICO’s Take on Debit Security.

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PYMNTS

FEBRUARY 20, 2020

Chinese firm Huawei Technologies is seen as being in the lead at present, as technologists in the West slog through issues around standards. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. Smart Cities and 5G Threats.

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PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. But beyond the sales pitch, technology, too, can be an aid to a crime. citizen and Singapore resident, was arrested for traveling to North Korea and delivering a presentation.

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PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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PYMNTS

JULY 3, 2020

Banks’ security efforts depend on analyzing consumers’ transaction histories to gain firm understandings of their normal behaviors, enabling financial institutions (FIs) to spot unusual activities that could suggest fraudsters are involved. You’re really wanting to start with almost a brand new transaction history.” .

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South State Correspondent

FEBRUARY 22, 2024

For example, at present, return on equity performance is about 12% for the average community bank. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

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South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Small Idea – It’s Our Kid’s Technology. It was a sobering thought to realize that we are all really building most of this technology for our kids. Complicated technology sucks, but mortality sucks more. Big Idea – Trends.

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PYMNTS

AUGUST 24, 2020

To protect businesses, security experts urge anyone who receives such a request to double- and triple-check with whomever made the initial request. Tessian Co-founder and CEO Tim Sadler warns that this has created an ideal environment for cyberattackers wielding a quickly emerging technology: deepfakes. The Pandemic's Security Impact.

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PYMNTS

FEBRUARY 27, 2019

A wide range of biometric solutions are being used to develop national identification systems around the world. Even though biometrics offer notable security advantages, they do come with risks. India began experimenting with the technology 10 years ago when it launched its national ID system, the Aadhaar program.

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PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The first EMV card was developed in 1994, but the technology did not begin circulating worldwide until the new millennium.

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PYMNTS

JUNE 24, 2020

Those less tech-savvy individuals represent juicy targets for fraudsters, who have been fine-tuning card-not-present (CNP) schemes to work across all manner of channels during the pandemic as we wield smartphones to make transactions or bank over the phone. Ready or not.

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PYMNTS

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

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PYMNTS

DECEMBER 12, 2019

Shrink costs retailers about $51 billion each year, according to a report from the National Retail Federation (NRF). Organized retail crime continues to present a serious challenge to the retail industry,” Bob Moraca, vice president of loss prevention at NRF, said in a statement. Thieves in Rochester, New York, for example, had $16.5

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PYMNTS

JULY 25, 2017

In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. . the year before. Phishing follows close behind at 66 percent.

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PYMNTS

JANUARY 22, 2020

In an interview with CNBC on the second day of the World Economic Forum , JPMorgan Chase CEO Jamie Dimon warned that sovereign debt presents a risk, saying it is among the “only” areas where financial bubbles have taken shape. An agreement among OECD countries would spur France to end its national digital tax. “We

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PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. But beyond the sales pitch, technology, too, can be an aid to a crime. citizen and Singapore resident, was arrested for traveling to North Korea and delivering a presentation.

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cryptocurrency National Fraud Security 101

South State Correspondent

MARCH 21, 2023

ERC Assist provides clients with a technology platform that showcases bank innovation and demonstrates the bank is forward-thinking. Currently, there are only a few established national brands processing ERC at scale (CPAs will do it for you on a one-off basis). ERC Assist also serves to differentiate your bank from competitors.

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CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

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PYMNTS

MARCH 30, 2020

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. CUs can examine their strengths and weaknesses against CUs of the same size and see how they compare.

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PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. In the U.S. The Challenge of Building the Right Card for the Job.

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PYMNTS

APRIL 3, 2019

Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments. Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”.

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PYMNTS

FEBRUARY 19, 2019

They must also have a “good level of system security,” employ at least three employees who are Certified Information System Security Professionals (CISSP), and undergo a risk assessment process. Germany has launched a consultation process aimed at learning how to fully utilize blockchain technology, according to Reuters.

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PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

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Abrigo

OCTOBER 28, 2021

Once completed, the risk assessment should be something that a BSA professional would present to the Board, executive management, and other stakeholders such as IT security. However, when we're talking about national security, terrorist financing, cyber-attacks shutting down the economy, halting the U.S.

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PYMNTS

AUGUST 10, 2016

In order to combat rising threats to its national security, Australian government officials announced the launch of a cyberintelligence unit tasked with identifying financing, money laundering and online financial fraud related to terrorism. Reuters reported on Tuesday (Aug. ”

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PYMNTS

JULY 22, 2020

The government’s experience in disbursing stimulus funds via paper check and direct deposit offered a chance for those in the digital disbursements technology arena to learn from the government’s successes and mistakes, according to Lisa McFarland , executive vice president and chief product officer at Ingo Money.

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User Experience Security Technology Data 141

PYMNTS

APRIL 4, 2019

Massachusetts Institute of Technology announced in a letter to colleagues that it will no longer collaborate on any new projects with Huawei, ZTE or any units of the two Chinese companies. The call on the part of MIT comes as tensions between China and the U.S. are heightened amid a trade war that has hurt both countries’ economies.

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PYMNTS

NOVEMBER 12, 2018

In other news, Malaysia’s Ministry of Education announced that it has formed a new consortium of universities that will use blockchain technology to prevent the issuance of fake degree certificates. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro.

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PYMNTS

AUGUST 11, 2019

Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications. New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force.

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