OpenText Information Management

FEBRUARY 6, 2023

Have you ever been presented with stack of financial documents plastered with sticky notes and felt confused about where to sign and overwhelmed by the wording? This often happens to consumers when, for example, reviewing details about a new car lease or opening a new investment account.

Financial Services 59

Financial Services Customer Experience Retail Cloud 59

IBM Big Data Hub

JANUARY 25, 2024

As such, more organizations are increasing their dedication to CX strategy and looking towards successful customer experience examples for inspiration. Thankfully, customer-centric organizations have many tools, examples, and use cases at their disposal to meet the growing needs of today’s customers.

Customer Experience 66

Customer Experience Retail Sales Artificial Intelligence 66

IBM Big Data Hub

APRIL 18, 2024

Regardless, these are examples of narrow AI. AGI examples However, once theoretical AGI achieves the above to become actual AGI, its potential applications are vast. Here are some examples of how AGI technology might revolutionize various industries: Customer service Imagine an AGI-powered customer service system.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times.

Financial Services 89

Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

ARMA International

NOVEMBER 7, 2019

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

Financial Services 52

Financial Services Communications Compliance Risk 52

Data Matters

SEPTEMBER 20, 2018

Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update.

Financial Services 67

Financial Services Paper Marketing Privacy 67

Info Source

OCTOBER 12, 2018

For example, ChatBot technology is becoming particularly popular in banking for customer service, by cutting down handling times and accelerating payments processing, enabling better customer interaction by eliminating errors and increasing efficiency. per share, a net interest margin at 22.7

Financial Services 40

Financial Services Customer Experience Retail Insurance 40

IBM Big Data Hub

OCTOBER 10, 2023

These attacks are even more detrimental in critical systems, which include IT infrastructure and financial services organizations. IBM Cloud for Financial Services This is where IBM Cloud for Financial Services shines—it helps clients to fill that gap by supporting innovation while guaranteeing security and compliance.

Cloud 73

Cloud Financial Services Compliance Risk 73

OpenText Information Management

NOVEMBER 19, 2024

Consider a financial services provider handling a high volume of sensitive client information. An ecommerce business, for example, needing to quickly assess sales performance across multiple regions, traditionally would require a specialized data analyst to extract and interpret the data.

Unstructured data 59

Unstructured data Financial Services Compliance Risk 59

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance.

Insurance 67

Insurance Financial Services Compliance Retail 67

Thales Cloud Protection & Licensing

NOVEMBER 18, 2024

For example, the US Department of the Treasury reports that their enhanced fraud detection processes prevented and recovered over $4 billion in fraud and improper payments in fiscal year 2024, up from $652.7 Finally, in the EU, the European Anti-Fraud Office (OLAF) reported that over €1.2 billion was affected by fraud and irregularities.

Financial Services 62

Financial Services Encryption Digital transformation Compliance 62

IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 82

Cloud Financial Services Security Compliance 82

IBM Big Data Hub

SEPTEMBER 18, 2023

This is just one of many examples that show how the payments space has evolved. Through this period of rapid transformation, financial institutions must also deliver frictionless experiences to help maintain long-lasting client relationships and gain new market share.

Customer Experience 69

Customer Experience Financial Services Cloud Compliance 69

Security Affairs

JULY 25, 2024

During his testimony to the House Oversight Committee, Mr. Wray cited the ISIS-K attack on Crocus City Hall in Moscow in March as an example of the type of threat the bureau is increasingly concerned about.

Risk 140

Risk e-Delivery Communications Financial Services 140

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 63

Cloud Financial Services Compliance Digital transformation 63

OpenText Information Management

MAY 22, 2024

As we prepare for one of the most important events in payments, we understand that the financial services industry is undergoing significant changes, driven by standards like ISO 20022 and the rapid adoption of artificial intelligence. That's why we’re committed to leading the discussion on these critical topics at The Summit.

Artificial Intelligence 69

Artificial Intelligence IT Financial Services Customer Experience 69

The Last Watchdog

DECEMBER 6, 2022

Machine learning can be applied to facial recognition data, for example, to provide an invisible security layer, with no actions required from the user. One touchless delivery model is through face recognition, and a good example is the core functionality built into GuacamoleID, supplied by Hummingbird.AI.

Authentication 203

Authentication Passwords Artificial Intelligence Financial Services 203

IBM Big Data Hub

AUGUST 17, 2023

The executive order from the President of the United States, “ Responsible Development of Digital Assets ,” is one example of the public acknowledgment for the need for prudent development of such assets. For example, a government could issue a stimulus package that can only be spent on certain goods and services.

Blockchain 70

Blockchain Financial Services Risk Authentication 70

The Last Watchdog

MAY 24, 2021

billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

IBM Big Data Hub

APRIL 5, 2024

For example, HPC offers high levels of computational power and scalability, crucial for running performance-intensive workloads. For example, managing the vast volumes of data involved in modern, high-fidelity HPC simulations, modeling and AI model training can be critical, requiring a high-performance storage solution.

Computer and Electronics 64

Computer and Electronics Artificial Intelligence Financial Services Manufacturing 64

DXC Technology

NOVEMBER 8, 2019

For example, most EMEA and North American financial services businesses are moving to multi-clouds within the next two years. Many companies are moving to multi-cloud deployments. Gartner reports 81 percent of surveyed public cloud users are already working with multi-clouds. I disagree.

Cloud 86

Cloud Financial Services IT 86

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 73

Cloud Computer and Electronics Compliance Financial Services 73

Data Matters

JANUARY 28, 2022

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

Cybersecurity 156

Cybersecurity Financial Services Authentication Government 156

Collibra

FEBRUARY 11, 2020

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. For example, FinTech and RegTech companies are very interested in working with companies that have a strong framework for managing data, including personal data. .

Financial Services 59

Financial Services Digital transformation Personal data Compliance 59

The Last Watchdog

SEPTEMBER 24, 2024

As an example, you have two tokens – one for NPD and another for your bank, and after such a breach, the NPD token would be revoked so NPD cannot use your data, but everything will work fine at the bank. Governments can create a digital identity at birth to replace SSN in its current use. That identity is tied to specific vendors.

Authentication 215

Authentication IT ROT Compliance 215

IBM Big Data Hub

NOVEMBER 29, 2023

Financial Services clients are increasingly looking to modernize their applications. Moreover, many of these financial services applications support regulated workloads, which require strict levels of security and compliance, including Zero Trust protection of the workloads.

Cloud 89

Cloud Financial Services Security Compliance 89

Thales Cloud Protection & Licensing

SEPTEMBER 25, 2024

Its unified program with Imperva will provide the best of both partner programs, support the development of both Thales and Imperva’s existing partner bases, and offer flexibility and choices for partners that provide selling options ranging from traditional reselling to managed security services and OEM relationships.

Cloud 62

Cloud Compliance Encryption Financial Services 62

Krebs on Security

NOVEMBER 14, 2024

Hydra trafficked in illegal drugs and financial services, including cryptocurrency tumbling for money laundering, exchange services between cryptocurrency and Russian rubles, and the sale of falsified documents and hacking services. “Hi, how are you?

Retail 208

Retail Ransomware Marketing Healthcare 208

Data Protection Report

APRIL 23, 2024

He noted that whilst the growing emergence of Big Tech in financial services has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. The FCA also sets out its next steps.

Financial Services 45

Financial Services IT Marketing Retail 45

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

This finding not only underscores the vulnerability of the retail sector but also accentuates the financial repercussions of such breaches. It becomes, therefore, essential for retailers to consider the fresh insights provided by the Thales 2023 Data Threat Report – Financial Services Edition.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. Reply YES to send, NO to cancel. ABC Credit Union. STOP to end all messages.”

IT 361

IT Passwords Authentication Phishing 361

IBM Big Data Hub

JULY 27, 2023

The solution also includes security and controls built into the platform and is designed to allow clients across industries to consume HPC as a fully managed service while helping them address third- and fourth-party risks. To do this, they need to be able to perform complex calculations that require high levels of compute power.

Computer and Electronics 67

Computer and Electronics Financial Services Cloud Manufacturing 67

IBM Big Data Hub

APRIL 20, 2023

Let’s consider a few examples: At a materials engineering corporation An American materials engineering corporation, a global leader in the semiconductor industry, has been driving finance transformation through automation in partnership with IBM so the business can grow, even with a fixed finance headcount.

Mining 66

Mining Financial Services Digital transformation Retail 66

IBM Big Data Hub

SEPTEMBER 18, 2023

Transforming trade finance with industry cloud platforms and AI Core to this platform is IBM Cloud for Financial Services , a first-of-its-kind cloud designed to serve the challenging needs of regulated industries with laws, rules and regulations built in from the outset.

Financial Services 82

Financial Services Cloud Compliance Artificial Intelligence 82

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

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.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Krebs on Security

JULY 1, 2021

Financial services giant Intuit this week informed 1.4 Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.

Financial Services 356

Financial Services Government Authentication IT 356

Collibra

OCTOBER 31, 2023

With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Financial services orgs, especially those in capital markets, frequently has been on the forefront of generative AI investment.

Marketing 105

Marketing Government Financial Services Artificial Intelligence 105