Perficient Data & Analytics

JULY 30, 2019

Previously, I analyzed the types of data in a governance program for financial services companies. Rules for data usage should be created, monitored, and enforced, so that applications and reporting only access data from approved sources (either the golden source, its proxy, or an approved and reconciled data warehouse). Access to information should be on a need-to-know basis with access controls implemented on sets of data along with a number of dimensions.

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Perficient Data & Analytics

JULY 2, 2019

My previous blog post addresses the reasons for the regulation and the requirements associated with the New York State Department of Financial Services (NYDFS) 23 NYCRR 500. Data protection must be designed into the development of business processes for products and services. Right of Access. EU citizens have the right to access their personal data and information about how this personal data is being processed.

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Perficient Data & Analytics

JULY 16, 2019

The first step any financial institution must take in its response to the laws is to evaluate its exposure and current capabilities in protecting sensitive business and customer data. Implement: Technical services are required to create/ update cybersecurity policies and procedures. For more information on NYDFS 500 and GDPR laws and regulations on the financial services industry, please download our guide here , or click below.

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InfoGoTo

OCTOBER 16, 2020

Recent IDG research reveals that Financial Services organizations are working to bring their IT asset disposition (ITAD) programs in line with corporate sustainability and security goals. You can access the webinar here : Stay safe!

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Financial Services Compliance Access Security 52

Perficient Data & Analytics

OCTOBER 23, 2018

Dominant financial services institutions, currently, focus on; a scale of assets, mass productions, relationship exclusivity, switching costs, and dependence on the integrity of humans. The same mindset goes for artificial intelligence (AI) pairing with financial services. How AI Helps with Financial Services. “A Ultimately, AI in the financial services industry will be directed towards optimizing the customer experience.

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Financial Services Customer Experience Artificial Intelligence Digital transformation 44

InfoGoTo

MARCH 12, 2019

Over the last seven years, the financial services industry has increasingly adopted social media platforms. However, the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) all have rules and retention requirements about communicating with the public, including via social media. Financial Services FINRA social media social media platforms

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Financial Services Communications Sales Marketing 43

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. As a result, banks face the challenge of addressing impacted functions such as customer service calls, loan servicing, and even account opening.

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Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 59

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. limit user access privileges to information systems that provide access to NPI (23 NYCRR § 500.07).

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InfoGoTo

FEBRUARY 21, 2019

Financial services organizations are facing a range of challenges and, in order to overcome these challenges, the financial sector must adopt business strategies and technologies that enable greater agility, speed, access and organization. News financial services

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Financial Services Digital transformation Access 40

Hunton Privacy

APRIL 22, 2020

On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic.

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Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. Data Breaches The Coming Storm First American Financial Corp. New York State Department of Financial Services Reuters

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Krebs on Security

MAY 31, 2019

New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. That measure, which went into effect in March 2019 and is considered among the toughest in the nation, requires financial companies to regularly audit and report on how they protect sensitive data, and provides for fines in cases where violations were reckless or willful. No authentication was needed to access the digitized records.

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Perficient Data & Analytics

JUNE 18, 2019

Previously, I discussed data privacy laws, specifically involving New York State Department of Financial Services (NYDFS) 23 NYCRR 500. Nonpublic information means all electronic information that is not publicly available information and is: Business-related information of a covered entity the tampering with which, or unauthorized disclosure, access or use of which, would cause a material adverse impact to the business, operations or security of the covered entity.

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Data Matters

JANUARY 20, 2021

Office of the Comptroller of the Currency (OCC) issued its controversial final rule (Rule) 1 to establish a new requirement for covered banks to provide “fair access” to financial services to both natural persons and legal entities. The Rule instead requires, among other things, that access to all financial services at covered banks be provided on the basis of a person’s individual characteristics evaluated under quantitative, impartial risk-based criteria.

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Financial Services Marketing Access Risk 65

Rocket Software

AUGUST 17, 2020

Financial services organizations typically experience the most data breaches and hacks, which makes security a priority. Benefits for Financial Services. This makes it harder for IT to verify the identities of employees and confirm their access levels.

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Authentication Passwords Insurance Phishing 52

Data Breach Today

OCTOBER 19, 2020

Researcher Finds Unsecure Elasticsearch Database Cluster Accessible via the Internet A security researcher recently discovered an unsecure Elasticsearch database cluster exposed on the internet that contained transcripts of sensitive voicemail messages, including some for medical clinics and financial service companies.

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The Security Ledger

JUNE 23, 2020

Mature identity and access management (IAM) is a pillar of enterprise security. authentication Business Companies Finance identity management LastPass multi-factor authentication Opinion Reports Technologies two-factor authentication financial services opinion passwordsBut what makes IAM "good" for your business may depend on the kind of business you are in, and the demands of your industry, writes Rachael Stockton of LogMeIn and LastPass. The post What’s Good IAM?

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Access Authentication Financial Services Security 40

The Last Watchdog

FEBRUARY 25, 2019

Related: Applying ‘zero trust’ to managed security services. So why hasn’t the corporate sector been more effective at locking down access for users? based supplier of identity access management (IAM) systems, which recently announced a partnership with Omada, a Copenhagen-based provider of identity governance administration (IGA) solutions. Here are takeaways from our fascinating discussion: Access pain points.

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InfoGoTo

FEBRUARY 12, 2020

Financial services firms saw mounting information management challenges in 2019. According to a Fintech News article, financial institutions like JPMorgan Chase produce terabytes of data every single day. While smaller financial services firms will produce far less, they also have far fewer resources, so they still face the same challenge of properly collecting, storing and retrieving the data. Financial Services data information management

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Security Affairs

SEPTEMBER 1, 2020

Iran-linked APT group Pioneer Kitten is now trying to monetize its efforts by selling access to some of the networks it has hacked to other hackers. According to a report published by Crowdstrike, the group is now trying to sell access to some to compromised companies on a cybercrime forum.

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InfoGoTo

AUGUST 27, 2019

In light of recent malware attacks that affected financial services customers’ data stored in the cloud, organizations should take a hard look at how they’re securing their financial information. Hackers continue to develop new malware and rely on old attack methods, such as social engineering, to uncover and gain access to critical authentication information. Financial Services cloud financial information malware storage

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Authentication Metadata Cloud Encryption 61

InfoGoTo

JULY 8, 2020

During the Great Recession, the ownership of mortgages and mortgage servicing rights became a problematic issue, due to the common practice of loan originators repackaging and selling loans to servicing firms who, in turn, often sold them again. The ownership of mortgage servicing rights is even more important today, with 4.76 The shift from pipeline growth to pipeline management presents its own set of challenges for servicers and investors.

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erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS). A better understanding of what data you have, where it’s stored and the history of its use and access isn’t only beneficial in fending off non-compliance repercussions.

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Retail Government Financial Services Metadata 63

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act). Accordingly, companies outside of the financial and healthcare industries should pay particular attention to the new data security obligations in the Act.

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erwin

FEBRUARY 7, 2019

The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. As a result, both internal data mapping and cross functional teams now have easy and fast web-based access to data mappings and valuable information like impact analysis and lineage. Organization’s cannot hope to make the most out of a data-driven strategy, without at least some degree of metadata-driven automation.

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Metadata Healthcare Financial Services Marketing 63

Data Matters

JUNE 5, 2018

The Act makes many significant modifications to the postcrisis financial regulatory framework, although it leaves the core of that framework intact. One major consequence of the Act may be an increased potential for mergers, acquisitions and organic growth among regional and midsize banks, as well as community banks, because of provisions that increase the thresholds that must be met before various financial regulatory requirements apply. Initiating Online Banking Services.

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Financial Services Insurance Authentication Government 65

InfoGoTo

MARCH 30, 2020

Under normal conditions, offices are staffed with loan officers and support staff using technology to easily access and share documents within the organization. In addition to the challenge of enabling remote user access at a volume never before attempted, remaining compliant in a workplace that has undergone significant fundamental changes means getting your house in order — and fast. Financial Services COVID-19 interest rates low interest rates remote work

Communications 52

Communications Computer and Electronics Personal data Security 52

Document Imaging Report

JUNE 23, 2020

June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. To many small businesses and individuals, drive-through and drop-off services have become the new standard of daily interaction at retail banks and credit unions. The shift in operation has escalated the demand for financial institutions to process documentation and provide electronic record of transactions efficiently.

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Paper Retail Access Financial Services 40

Document Imaging Report

JUNE 23, 2020

June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. To many small businesses and individuals, drive-through and drop-off services have become the new standard of daily interaction at retail banks and credit unions. The shift in operation has escalated the demand for financial institutions to process documentation and provide electronic record of transactions efficiently.

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Paper Retail Access Financial Services 40

Data Breach Today

FEBRUARY 26, 2020

Security Experts Discuss Authentication Challenges in the Financial Services Sector Improvements in behavioral biometrics and analytics are changing the way many financial services firms approach authentication. And more companies also are taking a "zero trust" approach to improve identity and access management, according to two security experts interviewed at RSA 2020

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Perficient Data & Analytics

SEPTEMBER 9, 2019

This support includes moving clients towards Data-as-a-Service (DaaS) models that directly creates bottom line opportunities. When working with clients on data governance, we design and build a centralized, modern data platform to house and self-service their data. If we’re working with industry-specific data assets like healthcare or financial services , we can also integrate our thought leadership in those areas to influence the process.

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erwin

MARCH 28, 2019

This also extends to industry-specific other compliance mandates such as those in healthcare, pharmaceutical and the financial services industries. In this case, a key best practice to consider is the introduction of role/user-based access. This way an organization can ensure only the necessary parties can access such information and ensure they are in keeping with compliance standards. What is business process modeling (BPM)?

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Compliance Customer Experience Healthcare Risk 46

IT Governance

APRIL 2, 2019

The ICO’s d irector of i nvestigations and i ntelligence , Andy White , said : “Spam email uses people ’ s personal data unlawfully, filling up their inboxes and promoting products and services which they don’t necessarily want. . “We That is to say, it used email addresses provided by people who, in the process of consenting to another organisation’s service, agreed to be contacted by third parties. . EU GDPR Financial Services Data management PECR

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Marketing Communications Personal data Compliance 48

Perficient Data & Analytics

SEPTEMBER 29, 2019

After the Kali VM boots and becomes accessible, the initial “vagrant up” operation continues with the provisioning of the box. “Provisioning” is a series of post-boot steps that include associating our mounted virtual drive to the VM to serve as a “synced folder” The provisioning process also runs a shell script on the VM to install additional software packages that we may have specified in the Vagrantfile file.

Energy and Utilities 47

Energy and Utilities Encryption Passwords Mining 47

Perficient Data & Analytics

DECEMBER 13, 2018

These advances include: SQL-based transformation included in Spark has made Big Data ETL accessible to many firms not wishing to invest in expensive ETL tools, Cloud-based Data Warehouses that can offer similar scale and ease of use as traditional EDW systems at a fraction of the cost, and. Amazon Web Services Data & Analytics Financial Services Google Healthcare

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Analytics Big data Cloud Access 40

Document Imaging Report

JUNE 6, 2018

Irvine, CA, June 6, 2018 – Kofax ® , a leading supplier of software to automate and digitally transform information intensive processes, today announced the results of a global survey of 100 leading financial institutions conducted in conjunction with Digital Banking Trends, the banking industry’s innovative resource providing news, analysis and opinion on the business of digital banking, fintech and financial services. Press Releases RPA financial services

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Perficient Data & Analytics

MAY 15, 2018

M&A is always on the table, as it can provide quicker access to more customers through geographic expansion, as well as new business lines and capabilities. It’s also a way to reinforce a company’s innovation strategy. Zurich’s acquisition of Bright Box, a company which provides telematics solutions “that link drivers to their vehicles, and the vehicles to networks of car dealers and original equipment manufacturers (OEMs),” is an excellent example of this.

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Insurance Manufacturing Digital transformation Access 42

Reltio

APRIL 25, 2019

It is an ongoing activity, constantly responding to the changes in market and customer expectations, new products and services, and technology evolution. Can you discover, validate, and scale innovative use of existing and new data-sets to deploy products and services faster? Can your data platform ensure access to the full customer data at all your customer touch-points to fulfill operational responsibilities and provide a delightful customer experience? Ankur Gupta, Sr.

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Reltio

MARCH 19, 2019

This ensures that we offer relevant and value-added services to the businesses we work with. You must access the right data and build the right data models for your enterprise before you start leaping down the path of building solutions.”. The definition of success, from my perspective as a manager of a consulting organisation, is our clients achieving the business benefit they want and being delighted with our services. Kate Tickner, Reltio.

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MDM Mining Financial Services Government 63

Perficient Data & Analytics

MAY 9, 2018

In a new guide, we discuss the background of the SEC’s Investment Company Reporting Modernization Rules and the potential effects on individual financial institutions. Ease of access, aggregation, and analysis of the reported data by the Commission and the public. Other amendments and rules with which you must comply: Enhanced disclosure about derivatives in financial statements. Reports to shareholders made accessible on a website.

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Access Financial Services Risk Compliance 40