Australian authorities have delayed the introduction of Open Banking rules by six months amid concerns over testing and security of the new provisions for account data sharing.
In the newly published 2019 Critical Capabilities for IT Vendor Risk Management Tools, Gartner has given ProcessUnity the highest scores for two Vendor Risk Management use cases most requested by Gartner clients.
A European Commission (EC) Expert Group has called on regulators to respond to the changing nature of fintech by adapting the rule book and legal frameworks to encourage innovation and dampen emerging risks.
Financial services companies in North America could unlock up to US$140 billion in productivity gains and cost savings by 2025 if they employ new technologies that help improve the efficiency and effectiveness of their workforces, according to a recent study by Accenture.
The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019.
Global banking regulators say the arrival of Big Tech firms like Google, Amazon and Apple in financial services poses a host of stability risks that may require sweeping new laws to level the playing field with smaller tech firms and banks.
Today the PCI Security Standards Council (PCI SSC) published a new data security standard for solutions that enable merchants to accept contactless payments using a commercial off-the-shelf (COTS) mobile device (e.g., smartphone or tablet) with near-field communication (NFC).
US Government agencies have offered a $5 million reward for information leading to the arrest of the leader of the cyber-crime group Evil Corp. Evil Corp's alleged leader Maksim V Yakubets and administrator Igor Turashev have been charged in a 10-count indictment, including bank fraud, conspiracy, computer hacking and wire fraud.
