Interbank co-operative Swift is facing an uphill battle to convince its membership of the urgency of upgrading security after revealing a further spate of hacks against users of the financial messaging network.
InteDelta, a risk management consultancy and Risk Enterprise, a consultancy and vendor of rating model technology, announce a partnership to provide banks with advisory and rating models for IFRS 9 and Basel compliance.
Singapore's central bank is to streamline its regulatory framework to accommodate new innovations in payments systems and establish a National Payments Council to promote interoperability and common standards among competing services.
Deutsche Bank is facing sanctions from US regulators over a catalogue of failures that afflicted its swaps data reporting functions.
The US Commodity Futures Trading Commission is seeking a monetary penalty and a permanent injunction against the German bank after a five-day systems outage prevented it from reporting swaps data and uncovered a host of other disaster recovery and trade reporting lapses.
Police have arrested a Sage employee in connection with a data breach at the accounting and payroll software provider that may have compromised the bank account details of employees at 230 UK companies.
Derivatives central counterparties (CCPs) have made meaningful progress in boosting their resilience in recent years but more work is needed to ensure consistency around the world, according to new reports from major global bodies.
More bad news from the online crime front over the weekend, as UK business software group Sage reports a breach that may have compromised the bank account details of employees at 230 UK companies, and HEI Hotels group in the US admits to a POS malware infection that filched payment card details from tens of thousands of customer transactions.
As U.S. issuers, merchants, acquirers and processors continue their migrations to EMV chip technology for more secure payments, many stakeholders may ask: "What is the least complex way to deploy chip for my organization?"