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Technology and innovation across sectors remain a primary focus as advances evolve at a rapid rate. Many institutions are looking to leverage technology for a broad range of uses, in financial institutions the primary factor remains security and risk management when implementing such changes.

(Bloomberg) -- The European Union’s overhaul of bank capital rules show it’s forgetting some of the lessons of the financial crisis, according to Daniele Nouy, head of the European Central Bank’s supervisory arm.

US regulators have promised not to penalise banks that use artificial intelligence tools to spot gaps in existing anti-money laundering programmes, paving the way for the use of new technologies to tackle illicit financial activity.

The details of millions of payment cards may have been exposed in a hack on hotel giant Marriott affecting 500 million guests.

Management and technology consultancy BearingPoint, which ranks among the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that its RegTech product unit has formed a partnership with IBM Services for regulatory reporting.

London: Starling, the leading digital bank, is launching Client Money Accounts to provide more secure, efficient and compliant account management for professional practices that hold money on behalf of clients.

Vision Direct says that the personal details and payment card numbers, expiry dates and CVV codes of thousands of customers have been stolen by criminal hackers.

A senior executive at the European Central Bank has warned that the next financial crisis may be triggered by a cyber attack.

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