Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). Since its creation, the Cybersecurity Framework has continued to offer updates and guidance on best security practices. The solution?

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Regulation Security System New York 124

PYMNTS

OCTOBER 19, 2020

A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns. How Cloud Systems Accelerate And Secure Cross-border Payments. Studies have found that cloud networks experience 60 percent fewer security incidents than traditional data centers.

Technology 193

Technology Payments Security Survey 193

PYMNTS

APRIL 16, 2019

In the April Intelligence of Things Tracker , PYMNTS explores the latest security efforts from providers to crack down on fraud, and the emerging use cases where IoT tech can be applied — if consumers are willing to give it a chance. While security concerns remain, the IoT market is continuing to expand. Meanwhile, the U.S.

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PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used.

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PYMNTS

SEPTEMBER 23, 2020

The September Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of identity fraud, the onboarding and artificial intelligence (AI) systems used to curb it and how the COVID-19 pandemic is effecting fraud techniques as well as financial crime prevention efforts. billion ($8.9

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Technology Report Fraud Study 208

PYMNTS

NOVEMBER 10, 2020

Phixius provides interoperability between various participants connecting to the platform, enabling better security in moving data as opposed to storing it in a central repository like the cloud. According to Throckmorton, Phixius fixes issues with the old system by using congruent regulations and leveraging blockchain technology.

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PYMNTS

NOVEMBER 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release.

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Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

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Regulation Industry Risk Management Analysis 309

PYMNTS

MARCH 25, 2019

Thus, IoT security is becoming an essential part of modern conversations. Bad actors are eyeing weaknesses in these systems to launch attacks, according to Steve Bunnell, former general counsel for the U.S. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based

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Security Data Regulation Washington 205

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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Insights on Business

JUNE 18, 2019

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.

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PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

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Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

DECEMBER 17, 2019

Maintaining consumers’ trust is critical for FIs, and it involves more than simply upgrading fraud detection systems. FIs must thus find ways to shore up such weak points if they wish to keep their customers loyal and secure. The Technology Gap That Fosters Fraudsters. Bigger Banks And The Problems With Data Security.

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Perficient

APRIL 26, 2022

FINRA member participation in TRACE is mandatory and obligates members to submit transaction reports in TRACE-eligible securities to conform with the Rule 6700 Series. Once FINRA receives and executes the TRACE Participant Application Agreement, a TRACE participant may input the trade information in TRACE-eligible securities.

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Report Compliance Security Regulation 294

PYMNTS

AUGUST 16, 2019

billion connected devices in use worldwide, the appetite for IoT is only growing, with the technology being put to use beyond consumer products. Cities around the globe are looking to use the technology to address problems, such as by leveraging connected sensors to detect and report water system leakages. With more than 8.6

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Security Data Fraud Software 144

Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. Going forward, banks should: Implement AI-driven systems to streamline credit decision processes, reducing decision times, and enabling faster responses to loan applications.

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Trends Industry Analytics Compliance 221

PYMNTS

NOVEMBER 2, 2018

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. and multinational banks. and multinational banks.

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PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. Securities Exchange and DLT. Sygnum also provides set management, brokerage, credit, and tokenization services.

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blockchain Regulation Payments Bitcoin 145

Perficient

SEPTEMBER 16, 2022

Concerned that crypto-asset-related activities pose risks related to safety and soundness, consumer protection, and financial stability, the Supervisory Letter also emphasized that FRB member banks and affiliates must have adequate systems and controls in place to conduct crypto-asset-related activities. Determining Legality.

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Compliance Risk Management System Regulation 275

PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

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PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. The Government Accountability Office (GAO) noted in a report Friday (Oct.

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Report System Regulation Technology 348

PYMNTS

SEPTEMBER 27, 2018

India’s Supreme Court has upheld the validity of the controversial biometric security identity system Aadhaar, but still put a stop to the government’s move to make it mandatory. Sikri, adding that beneficiaries would be harmed if the technology was shelved.

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System Security Regulation Data 155

PYMNTS

SEPTEMBER 10, 2019

That’s especially true with cross-border payments , where commerce done globally demands that firms be aware of regulations and payments preferences that are endemic to a specific country or even specific region. Infrastructure can be varied, too, in terms of technology.

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PYMNTS

NOVEMBER 7, 2019

Many expanding technologies raise ethical implementation concerns, and digital ID’s extraordinary potential means coordinating clear and internationally accepted guidelines is increasingly necessary. The ethical questions digital ID systems generate are numerous and largely without simple answers or solutions. as a guideline.

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System Guidelines National Online 131

PYMNTS

AUGUST 2, 2019

banking system. The Feds focused on Amazon’s resiliency and backup systems, some of the people said, describing the visit as the first of what is expected to be ongoing oversight of the tech giant. Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors.

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Regulation Virginia Google Capital 144

PYMNTS

APRIL 29, 2020

As he told Webster, “in many mature markets, the responses of most of these institutions have been fast and consistent, with business continuity plans established under the supervision of regulators.”. He added that “some players who were already advanced in their technology journeys are able to use cloud resources to scale quickly.

Technology 142

Technology System Meeting Resources 142

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions.

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PYMNTS

JULY 8, 2019

The TfL ran a pilot of the tracking system in 2016, and will use the data to better understand how people flow in and out of the system. The transit system will use that data, it said, to send specific information to riders about how to avoid congestion. . Securing it is, therefore, of paramount importance.” .

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System Data Cards Examples 116

Cisco

JULY 12, 2022

As a key provider of technology for mission-critical financial system infrastructures across the globe, Cisco is held to the highest levels of scrutiny in the financial services regulatory audit chain. These systems are continually being updated with newer and better ones; however, it takes a long time to sunset the legacy technology.

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Regulation FDIC System Software 71

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

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Compliance Regulation Guidelines Security 225

PYMNTS

DECEMBER 19, 2018

securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Those entities and their elevated ratings of mortgage-backed securities, analysts say, were gasoline for the U.S.

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Regulation Data Analysis Compliance 128

PYMNTS

AUGUST 18, 2020

It also said an aim of the test is to “potentially improve propagation models for incorporation in Automatic Frequency Coordination (AFC) systems to support unlicensed spectrum use in the 6 GHz band.”. The firm also said virtual private network (VPN) usage was higher by 34 percent and video bandwidth use was higher by 12 percent.

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Google Video Technology Security 349

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.

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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

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.

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Cyber Security Security Exercises social media 137

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. roadways currently and two-thirds of all new cars will boast features and systems that connect to the internet by 2022.” Larger Issues. percent CAGR from 2019 to 2026. Fresh Moves.

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Security System Operations Report 119

PYMNTS

JUNE 5, 2020

Such solutions can “empower people to control their financial well-being,” Andrew Davies, vice president of global market strategy and financial crime risk management at financial services technology company Fiserv , told PYMNTS in a recent interview. The federal entity is charged with monitoring the U.S.

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Security Fintech Data Fraud 174