Top predictions for financial services in 2023
OpenText Information Management
JANUARY 5, 2023
With inflation, rising interest rates and general economic uncertainty, last year presented several challenges for financial services institutions (FSIs).
Financial Services Government Presentation 
Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program
IBM Big Data Hub
APRIL 4, 2024
This shift is a significant change in their business models, moving from a capital expenditure approach to an operational expenditure approach, allowing financial organizations to focus on their primary business. IBM Cloud Framework for Financial services is uniquely positioned for that, meeting all these requirements.
Join 55,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Capital Markets, AI, and the need for governance
Collibra
OCTOBER 31, 2023
With business and technology leaders from around the globe exploring how data fuels the industry, and presentations on everything related to accelerating financial data pipelines and delivering data in the cloud, the event offered executive thought leadership on emerging technologies. Already using AI?
Marketing 
105
105 
Discover a unified approach to adaptive data and analytics governance
Collibra
JULY 6, 2022
We haven’t even mentioned compliance challenges, which are especially significant in highly regulated industries like healthcare and financial services. > > See how adaptive data and analytics governance can help. At Collibra, we believe it’s the next big step forward in data governance. Get the ebook.
Analytics 98
98 
AI Governance: Break open the black box
IBM Big Data Hub
OCTOBER 4, 2022
Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are demanding it. The solution: AI Governance.
Government 97
97 
Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation
Data Matters
AUGUST 19, 2020
On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.
Top 7 Data Governance Blog Posts of 2018
erwin
DECEMBER 20, 2018
The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. www.erwin.com/blog/defining-data-governance/.
Government 40
40 
UK regulators’ strategic approaches to AI: a guide to key regulatory priorities for AI governance professionals
Data Protection Report
MAY 24, 2024
Accountability and governance. The AI update was published alongside a speech by chief executive Nikhil Rathi announcing the FCA’s plans to focus on Big Tech and Feedback Statement FS24/1 on data asymmetry between Big Tech and firms in financial services. These principles (the Principles) are: Safety, security and robustness.
Government 45
45 
CFPB’s Proposed Data Rules
Schneier on Security
JANUARY 31, 2024
The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.
Why you should keep data observability separate from data cleansing
Collibra
MAY 16, 2022
For financial services, data governance found its roots in risk. As CROs prioritized Operational Risk post the 2007 financial crisis, those leaders also looked to centralized thought like the Basel Accords. Audit & Professional Services. Consider the examples from our peer industries: Operational Risk.
Government 105
105 
Top 10 Governance, Risk and Compliance (GRC) Vendors
eSecurity Planet
JANUARY 21, 2021
Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Enterprise & operational risk management. Audit management.
Compliance 57
57 
Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity
Thales Cloud Protection & Licensing
NOVEMBER 20, 2023
The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Governments: Look to global benchmarks.
Retail 83
83 
#ModernDataMasters: Nicola Askham, The Data Governance Coach
Reltio
SEPTEMBER 24, 2019
Nicola Askham is the leading data governance training provider in the UK with over 16 years of experience and research in the field. She delivers training and consulting to major organisations to help them implement full data governance frameworks. ” However, I got into data governance totally by accident.
Government 55
55 
MITRE ResilienCyCon: You Will Be Breached So Be Ready
eSecurity Planet
NOVEMBER 17, 2022
The answer, based on a couple of presentations at the conference, is that patching is incredibly difficult to get right, requiring way more attention than most companies can afford to give it. Art Ocain, VP for Cybersecurity and Incident Response at Airiam, noted that the managed security services provider patches as often as 10 times a day.
Cloud 135
135 
How Baptist Health improved data analysis with a cloud-based tech stack
Collibra
JULY 9, 2024
The initial staff retraining and the cost of migration are real barriers to an updated, cloud-based data governance system. Prior to adopting Collibra , the Baptist Health data governance team encountered frequent frustrations with the organization’s legacy on-premises storage systems.
Cloud 52
52 
Spigraph, Everteam & ImageFast Provide Critical Information Governance Solutions to European Market
Everteam
APRIL 2, 2019
To support organizations in their efforts to manage their information properly, Spigraph is making two Everteam governance products available: everteam.discover and everteam.policy: everteam.discover is a file and content analytics solution that connects to both structured and unstructured data repositories across the organization.
Bring light to the black box
IBM Big Data Hub
MAY 9, 2023
Today, AI presents an enormous opportunity to turn data into insights and actions, to help amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. It drives an AI governance solution without the excessive costs of switching from your current data science platform.
Data science 71
71 
U.S., U.K. Sanction 7 Men Tied to Trickbot Hacking Group
Krebs on Security
FEBRUARY 9, 2023
Department of the Treasury says the Trickbot group is associated with Russian intelligence services, and that this alliance led to the targeting of many U.S. companies and government entities. report from 2016 said investigators from Mikhaylov’s unit and Kaspersky Lab were present at the film company raid].
Ransomware 202
202 
How Long Should I Keep This Business Record For?
AIIM
MARCH 3, 2020
Too often I hear one of two, equally bad answers: Keep Records for Seven years: This seems to be the de facto answer, especially for financial services records. Internal Revenue Service rules around when they can audit individual and corporate tax returns. As near as I can tell, this comes from the U.S. BIG DATA!!!
Tackling Data Sovereignty with DDR
Security Affairs
JUNE 20, 2023
Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. The evolving threat landscape presents additional challenges, including the rise of sophisticated cyberattacks.
Compliance 98
98 
Top 4 takeaways from the Gartner Data and Analytics Conference
Collibra
MAY 14, 2021
This conference brought together data and analytics leaders from top industries such as government, banking, financial services, insurance, and manufacturing. Gartner emphasized and reiterated the concept of adaptation in a number of presentations.
Analytics 59
59 
erwin, Microsoft and the Power of the Common Data Model
erwin
DECEMBER 17, 2020
The same is true for data, with a number of vendors creating data models by vertical industry (financial services, healthcare, etc.) The CDM provides a best-practices approach to defining data to accelerate data literacy, automation, integration and governance across the enterprise. The CDM takes this concept to the next level.
Metadata 90
90 
European instant payments in harmony: Traditional wisdom meets innovative thinking
IBM Big Data Hub
APRIL 11, 2024
A cloud-based infrastructure that uses IBM Cloud® for Financial Services can be the answer to ensure the security, privacy and flexibility needed to keep up with these changes in the industry. How can IBM help?
Cloud 58
58 
Multinational ICICI Bank leaks passports and credit card numbers
Security Affairs
APRIL 20, 2023
ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. ICICI Bank, an Indian multinational valued at more than $76 billion, has more than 5,000 branches across India and is present in at least another 15 countries worldwide.
NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’
The Last Watchdog
JANUARY 30, 2019
Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.
Risk 147
147 
The Data Breach Disclosure Conundrum
Troy Hunt
SEPTEMBER 27, 2024
This isn't just a cat forum; it is a repository of credentials that will unlock social media, email, and financial services. Of course, it's not the fault of the breached service that people reuse their passwords, but their breach could lead to serious harm via the compromise of accounts on totally unrelated services.
Data breaches 111
111 
The compliance challenges of hybrid working
IT Governance
AUGUST 26, 2021
For example, financial services firms may be worried about employees breaching insider trading laws. If you’re unable to make it, the video will be available to download from our website shortly after the presentation. The post The compliance challenges of hybrid working appeared first on IT Governance UK Blog.
Compliance 119
119 
ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia
Info Source
JULY 16, 2019
ABBYY is currently present in most countries in Asia with long-established offices in Taiwan and Japan and through its strong partner network. ABBYY has long been active in the Asia-Pacific markets with many successful large-scale implementations in banking and financial services, insurance, telecom, government, and other verticals.
The Relevance of Privacy-Preserving Techniques and Generative AI to DORA Legislation
Thales Cloud Protection & Licensing
OCTOBER 28, 2024
It aims to ensure that financial institutions, ranging from banks to payment processors, can manage and mitigate risks associated with information and communication technology. Key areas covered by DORA include incident reporting, regular ICT risk assessments, third-party risk management, and maintaining robust governance frameworks.
Privacy 62
62 
Navigating the digital wave: Understanding DORA and the role of confidential computing
IBM Big Data Hub
FEBRUARY 5, 2024
The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age.
Encryption 66
66 
The Week in Cyber Security and Data Privacy: 6 – 12 November 2023
IT Governance
NOVEMBER 13, 2023
The post The Week in Cyber Security and Data Privacy: 6 – 12 November 2023 appeared first on IT Governance UK Blog. According to BleepingComputer , the ALPHV/BlackCat ransomware group took responsibility for an attack on McLaren’s network on 4 October. “DP In the meantime, if you missed it, check out last week’s round-up.
Data Privacy 64
64 
NEW TECH: Cequence Security deploys defense against botnets’ assault on business logic
The Last Watchdog
MARCH 26, 2019
Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.
Security 145
145 
What is Cybersecurity Risk Management?
eSecurity Planet
FEBRUARY 11, 2022
Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Maintaining Regulatory Compliance.
Risk 145
145 
EU’s possible Data Act: What can we anticipate from the Inception Impact Assessment and the Consultation?
Data Protection Report
JULY 5, 2021
The Commission is assessing the application of the Trade Secrets Directive in the context of the data economy, including a study focusing on four key sectors (automotive, health, energy and financial services) with a view to providing clarifying guidance at a later date. What are the policy options? Data Act Consultation.
B2B 144
144 
Living in a data sovereign world
IBM Big Data Hub
OCTOBER 16, 2023
Data sovereignty addresses legal, privacy, security and governance concerns associated with the storage, processing and transfer of data. Establish data governance frameworks, policies, procedures and tools by organizations to bring in required control and audit.
Cloud 65
65 
Infosource Global Capture & IDP Vertical Market Analysis 2022-2023 Update
Info Source
DECEMBER 8, 2023
The lack of Telecoms infrastructure and digital skill development presents a hurdle; however, where investments by local government or overarching organisations close the gap, they will enable in particular economies with young populations. Generative AI solutions present an important opportunity for the integration in IDP solutions.
Marketing 40
40 
Top GRC Tools & Software for 2021
eSecurity Planet
JANUARY 21, 2021
Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Enterprise & operational risk management. Audit management.
Compliance 67
67 
European Commission publishes long-awaited draft Regulation on Artificial Intelligence
DLA Piper Privacy Matters
APRIL 26, 2021
These are technologies anticipated to present significant risk of harm and so permitted only on a restricted basis, with specific controls in place to support safe use. It may be expanded in the future to cover other AI systems which the EC consider to present similarly high risks of harm. Governance, enforcements and sanctions .
SHARED INTEL: APIs hook up new web and mobile apps — and break attack vectors wide open
The Last Watchdog
OCTOBER 29, 2019
Long-run damage Data Theorem has won customers from the financial services and technology sectors that are routinely creating dozens of new APIs per day. Each API in the field represents a clear and present leak point. This is all part of leveraging microservices to deliver slicker user experiences.
Unlocking the power of chatbots: Key benefits for businesses and customers
IBM Big Data Hub
JANUARY 18, 2024
Reduce operational costs and boost efficiency Chatbots present the option to reduce 24×7 staffing expenses or even eliminate after-hours staffing costs, provided your chatbots can effectively handle most questions. Government Empower citizens to access basic information on paying bills and upcoming events by using chatbots.
Sales 85
85 
The Intersection of Innovation, Enterprise Architecture and Project Delivery
erwin
MAY 16, 2019
Today there’s an unprecedented, rapid rate of change across all industry sectors, even those that have been historically slow to innovate like healthcare and financial services. Balancing application lifecycle demands against a broader portfolio framework can present an inherent conflict about priorities and a struggle for resources.
Marketing 87
87 
Institutional Investor’s Introduction to Blockchain and Digital Asset Investing
Data Matters
NOVEMBER 2, 2021
Building off an existing futures trading relationship and its documentation presents advantages for the institutional investment manager. Some of the larger, well-known cryptocurrency market participants and service providers are beginning to offer institutional versions of their products to investment managers and their funds.
Blockchain 86
86 
6 Best Threat Intelligence Feeds to Use in 2023
eSecurity Planet
AUGUST 10, 2023
FBI InfraGard Best for critical infrastructure security InfraGard is a threat intelligence feed and network partnership between the FBI and other government agencies and interested private sector parties. The massive, crowdsourced approach OTX takes limits the possibility of effective quality assurance. critical infrastructure.
The Privacy Officers’ New Year’s Resolutions
Data Protection Report
JANUARY 6, 2020
The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S.,
Privacy 85
85 
Let's personalize your content