October 1, 2015 - Despite the fact that the majority of Americans still do not have EMV payment cards ahead of today's deadline for a switch from magstripe, an industry taskforce insists that the migration is "on track".
September 30, 2015 - Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, announces today a new quantitative approach for calculating real world algorithmic exposures for advanced risk measures – a powerful and effective approach for portfolios of exotic derivatives.
September 29, 2015 - According to a global survey of privacy and risk professionals released today, more than half of the 780 respondents say consumers should not feel confident that companies are adequately protecting their information. The study, conducted by global IT association ISACA, also found that only 29 percent of the respondents are very confident in their enterprise’s ability to ensure the privacy of its sensitive data. In fact, nearly one in five said they have experienced a material privacy breach.
September 29, 2015 - The opportunity to embrace stress testing as a discipline that is good for business, not just compliance.
September 28, 2015 - The European Securities and Markets Authority (ESMA) today published its final technical standards (TS) on some of the most important pieces of post-crisis financial regulation: the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the Central Securities Depositaries Regulation (CSDR).ESMA’s TS translate how the legislation will apply in practice to market participants, market infrastructures and national supervisors. The new technical standards will alter the functioning of European financial markets by increasing their transparency, safety and resilience as well as investor protection.
September 24, 2015 - The US Office of Personnel Management says that hackers who breached its systems over the summer made off with the fingerprint records of 5.6 million individuals, raising questions over the security of biometrically-protected identities.
September 24, 2015 - A survey of more than 900 cybersecurity experts shows that an overwhelming majority (87%) expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015. The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that people who use mobile payments are unlikely to be deterred by security concerns.
September 24, 2015 - Atom, the UK's first bank designed for digital, has chosen Wolters Kluwer Financial Services' OneSumX Regulatory Reporting solution to manage its U.K. and European Banking Authority regulatory reporting requirements.
