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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Across the financial sector, there are transition risks to consider as we move to a low-carbon economy. Financial services firms can use the tool for “what if?”

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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Big Data Hub

A third-party investment review, where the ISV provides a bill of material showing what and how services are being used to meet compliance requirements, along with price points. IBM Cloud Framework for Financial services is uniquely positioned for that, meeting all these requirements. Why a FS Cloud and FS Validation Program?

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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. This notice requirement explicitly applies to cybersecurity incidents occurring to the covered entity itself, its affiliates, or a third-party service provider.

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The importance of data quality in Financial Services

Collibra

Financial services are highly regulated and maintain a strong focus on compliance and risk management. Considering that major financial organizations handle enormous amounts of data today, they require data accuracy and integrity at all times to minimize risks. What is data quality in financial services?

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

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DEEP TECH NEWS: Respecting individual rights by using ‘privacy preserving aggregate statistics’

The Last Watchdog

Scientists at NTT Research are working on an advanced type of cryptography that enables businesses to perform aggregate data analysis on user data — without infringing upon individual privacy rights. Both regulations have profound implications for companies seeking to collect and apply aggregate statistical analysis to consumer data.

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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

Total System Services Inc. TSYS) is the third-largest third-party payment processor for financial institutions in North America, and a major processor in Europe. TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. NYSE:GPN ].