Data Management
EBA calls on regulators to get tough with banks over data sharing
The European Banking Authority is calling on national supervisory authorities to take action against banks limiting access to payment accounts for third parties.
Ping Identity launches Consumer Data Right integration kit
Source: Ping Identity
Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, today announced the launch of a Consumer Data Right (CDR) Integration Kit enabling Australian banks and fintech company data holders to rapidly align with CDR regulatory requirements while also simplifying data recipient functionality.
BIS summarises international policy response to fintech challenges
Technological innovations in financial services (fintech) are increasingly transforming the way financial services are provided. While fintech opens opportunities, it also comes with potential risks.
EU supervisors highlight money laundering and terrorist financing risks in the financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector.
Morgan Stanley fined $60m over data centre decommissioning failures
The Office of the Comptroller of the Currency (OCC) has hit Morgan Stanley with a $60 million penalty for failing to properly decommission two wealth management data centres in 2016.
Dixons Carphone fined £500k over massive data breach
UK consumer electronics retail group Dixons Carphone has been fined £500,000 after hackers compromised its point-of-sale system and gained access to the details of 5.6 million payment cards.
Hackers breach Binance to steal $40 million of bitcoin in a single transaction
Hackers have stolen 7000 bitcoins worth $40 million in one transaction on crypto exchange Binance.
Binance announced this morning that it had discovered a "large scale security breach" involving the theft of user API keys, 2FA codes, and potentially other info, alongside the withdrawal of 7000 bitcoins.
Key Ring data leak exposes millions of user details, say researchers
Key Ring, an app that lets people upload and store card details, has left the information of millions of users exposed, according to researchers at vpnMentor.
Mastercard establishes principles for data responsibility
Nine out of ten people say data privacy is important to them, according to a recent Mastercard-commissioned survey, yet only one-quarter say companies are doing a very good job handling individuals’ data.
AxiomSL Recognized for Exemplary Information Security Practices with ISO 27001 Certification
AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, today announced that it has received ISO/IEC 27001:2013 certification (known as ISO 27001). The certification covers AxiomSL’s core software and ControllerView® flagship product, its system development, professional and client support services and company operations. It also covers AxiomSL’s cloud-based solutions, operations and client support.
RegTech startup SteelEye raises $10 million
Enterprise data management RegTech SteelEye has secured $10 million in growth capital in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial.
AutoRek explores attitudes to data management with new industry report
AutoRek have released an industry report which takes a deep dive into the world of data management in financial services, alongside the various factors which have grown it into a board-level concern at many firms. The paper, Investing in the Automation Revolution, was released last week in conjunction with WBR Insights.
Automation could displace 40 FS industry job roles - Ernst & Young
Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.