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If data is the new oil, ISO 20022 is the new gasoline

IBM Big Data Hub

ISO 20022 was first introduced in 2004 to provide more standardization and deliver richer information for Financial Services transactions. Leveraging rich data to provide value-added services, such as real-time fraud detection, automated reconciliation, etc. Background on ISO 20022. Evolution of ISO 20022.

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Banking on mainframe-led digital transformation for financial services

IBM Big Data Hub

Financial services companies are considered institutions because they manage and move the core aspects of our global economic system. And the beating heart of financial institutions is the IBM mainframe.

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A better way to navigate the requirements of BCBS 239

Collibra

This global standard was created in response to the 2008 financial crisis. Its goal is to improve how banks and financial institutions manage risks and make decisions to better handle and mitigate those risks.

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Who’s Behind the ‘Web Listings’ Mail Scam?

Krebs on Security

“Worldwide, Appco Group has raised hundreds of millions of pounds for some of the world’s biggest charities, delivered pay-TV and broadband services, financial services, security and many other successful marketing solutions on a diverse range of products,” the press release enthuses.

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Government By Numbers: Some Interesting Insights

John Battelle's Searchblog

Here is more detail by industry on what’s growing and shrinking: Check out that first item: Financial services has nearly doubled and now leads our nation in terms of contribution to GDP. No wonder 2008 was such a (continuing) disaster.

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The Clock is Ticking for PCI DSS 4.0 Compliance

Thales Cloud Protection & Licensing

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 43% reported an increase in the volume, severity, and scope of cyberattacks in the last year.

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BIPA Year in Review: Where Are We Now and What’s Coming Next?

Data Protection Report

Since its enactment in 2008, BIPA has been one of the most litigated privacy-related laws with some of the highest penalties. In other words, even if financial services isn’t the primary purpose of an entity, it may still fall under GLBA rather than BIPA. DePaul University , Case No. 21C3001 at 5 (N.D. Ill Nov 4, 2022).