CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. Through intermediated exchanges of payments, banks facilitate the flow of funds within our economy and serve important financial risk management and other financial needs of bank customers.

National 113

National cryptocurrency Risk Management Regulation 113

Perficient

OCTOBER 12, 2020

Named a leader by IDC for treasury and finance, Kyriba optimizes cash and risk management, payments and working capital strategies through a highly secure Software-as-a-Service platform. Bank connectivity is one of the most complicated aspects of an ERP project. ”

Risk Management 309

Risk Management Fraud Management Compliance 309

FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws.

Risk Management 40

Risk Management Management Security Guidelines 40

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Risk Management. AI may be used to augment risk management and control practices.

Regulation 309

Regulation Industry Risk Management Analysis 309

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

New York 67

New York National Capital Risk Management 67

Perficient

MAY 27, 2022

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. Department of Justice on illegal financial issues affecting national security.

Bitcoin 141

Bitcoin ATM Risk Management Compliance 141

Tech and Finance

JUNE 10, 2019

Department of Homeland Security last week released an update to its list of 16 critical infrastructures, which included financial services such as payments and clearing and settlement of securities. Valerie Abend, managing director, Accenture Security, said the department took a comprehensive view of security. “It

Security 31

Security Risk Management Payments National 31

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.

Community Bank 195

Community Bank Community Security Capital 195

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Cyber Security 70

Cyber Security Management Security Risk Management 70

PYMNTS

JANUARY 28, 2019

The report explores how companies in G20 nations are preparing for risks related to technological disruption, regulation and cybersecurity. “More must be done to ensure sufficient infrastructure and processes are in place to proactively manage business threats in 2019.”

Management 145

Management Risk Management Survey Security 145

PYMNTS

JANUARY 3, 2019

That’s because those threats are relatively localized, and don’t take into account the risk of hackers (especially those backed by organized militaries and nation-states) taking down key infrastructures. Department of Homeland Security (DHS), and other federal and state agencies, about cyberattacks against infrastructure.

National 169

National Security Risk Management Fraud 169

PYMNTS

AUGUST 12, 2016

The FAIR Institute , a nonprofit aimed at developing standard information risk management practices, announced on Thursday (Aug.

Resources 100

Resources National Technology Analysis 100

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. Other government organizations also offer content.

Training 195

Training National Strategy Regulation 195

PYMNTS

NOVEMBER 12, 2020

FinTech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” according to a representative for the company in an email announcing the effort. Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail. The RTR is forecasted to roll out in 2022.

Payments 142

Payments Fintech Exercises Risk Management 142

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

NCR

NOVEMBER 8, 2016

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. Evaluation of Risk.

Cyber Security 63

Cyber Security Security Risk Management Training 63

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. At least two local CUs — First Choice Federal Credit Union and Inspired Federal Credit Union — even filed class-action lawsuits against Wawa for not adhering to best security practices.

Data 131

Data California Security Pennsylvania 131

PYMNTS

JANUARY 21, 2020

Akita previously worked at Mitsubishi UFJ Morgan Stanley Securities Co. The unit will mostly be responsible for risk management and global cash, along with providing advice and services on foreign credit, trade and treasury. “As a global bank, we’re able to grow with them.”.

Company 131

Company Risk Management Meeting National 131

PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. Deep Dive: Security in the Time of Faster Payments. Get the full story in the Tracker.

Nebraska 144

Nebraska Risk Management Apple Payments 144

PYMNTS

JULY 19, 2018

Wells Fargo , the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services. In April, the bank settled with the CFPB and the Office of the Comptroller of the Currency, getting slapped with a $1 billion fine for its lack of risk management.

Risk Management 101

Risk Management Regulation Lending Management 101

South State Correspondent

FEBRUARY 27, 2024

Objectives of Loan Pricing We believe that all national banks and most banks over $10Bn in assets (regionals) are using some version of a risk-adjusted return on capital (RAROC) loan pricing model. The national and regional banks originate about 85% of all domestic loans, and community banks hold the remainder.

How To 195

How To Community Bank Community Management 195

PYMNTS

OCTOBER 29, 2019

Phase One will involve figuring out how to connect land registries to the blockchain in a secure way, as well as what technology to use. In other news, one Congressional official believes that China’s central bank will become the first to issue its own national digital currency.

Bitcoin 102

Bitcoin blockchain social media America 102

Abrigo

JANUARY 27, 2020

Strengthen credit risk by improving your credit union's loan underwriting standards. The National Credit Union Administration (NCUA) has been working on their share of goal setting, as they have released their 2020 supervisory priorities for credit unions, regulation updates, and the agency’s modernization programs. Cannabis Banking.

Risk Management 195

Risk Management Regulation Management Report 195

PYMNTS

JANUARY 5, 2017

4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service. ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan.

Fraud 100

Fraud Risk Management ATM Customer Experience 100

PYMNTS

MAY 10, 2019

That implies an ease of use while giving up nothing when it comes to security. The rule change not only could bring more work for financial institutions and payment service providers, but also underscores the effort needed to bring more payments into the digital age with faster speed and more security — all part of that general ideal.

Payments 178

Payments Fraud Security Customer Experience 178

FICO

AUGUST 27, 2019

This risk is highlighted in a new report by the U.S. Chamber of Commerce and underscores the need for effective third-party risk management (TPRM). The Q2 Assessment of Business Cyber Risk (ABC) report released this month by the U.S. New Business Imperative: Third-Party Risk Management. by Doug Clare.

Risk Management 40

Risk Management Security National Management 40

PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

Fraud 151

Fraud Virginia Florida Risk Management 151

PYMNTS

MAY 4, 2018

The nation secured significant funding for startups operating in the spaces of logistics and cybersecurity – the two B2B markets that landed the most investment this week. National Security Agency chief. ’s Intelligence Fusion, also known as IF, also operates in the risk management space.

Capital 100

Capital Maryland National Security 100

Abrigo

SEPTEMBER 10, 2021

October 26 is now nationally recognized as BSA/AML Day.) Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations.

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

MARCH 7, 2018

The investigation of cryptocurrency exchanges at large comes as the Financial Services Agency said in the wake of the Coincheck theft that it would investigate those firms for weaknesses in security measures and require the firms to disclose how they run risk management operations and how they store the cryptocurrencies.

cryptocurrency 101

cryptocurrency Risk Management Operations Regulation 101

Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. I think it’d be wise for institutions to take that advice to heart,” said Graham Dyer, Partner in the National Professional Standards Group of Grant Thornton LLP. Learn more. Learn more. Learn more.

Security 195

Security Examples National Report 195

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. In 2015, following a significant increase in nation state and hacktivist attacks on U.S. This section can help leadership understand the risk and appropriate controls which have been put into place.

Tools 114

Tools Leadership Handbook Security 114

Independent Banker

DECEMBER 31, 2022

The law will require all critical infrastructure entities to report cyber incidents to Cybersecurity and Infrastructure Security Agency (CISA) within 72 hours from the time the entity reasonably believes the incident occurred and ransomware payments to CISA within 24 hours of payment. Climate-related risk. Peer-to-peer fraud.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

NOVEMBER 17, 2023

The Financial Crimes Enforcement Network (FinCEN) has listed fraud and cybercrime as two of their National AML/CFT Priorities. Institutions must invest not only in advanced security measures and skilled personnel but also in client education and community engagement to combat fraud effectively.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

FEBRUARY 15, 2018

The National Institute of Standards and Technology (NIST) recently announced it would place higher emphasis on external data sources when considering risk management. Players from the CU space are looking to use more data to serve and protect customers.

Data 108

Data Trends National Risk Management 108

ABA Community Banking

DECEMBER 30, 2014

National bank examiners to focus on tech, cyber security controls Risk Management Operational Risk. 1Risk Management'

Operations 53

Operations Maine Cyber Security Risk Management 53