Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. This post summarizes the highlights from this meeting. At the Summer Meeting, the Working Group agreed to expose the Trades Letter for a 45-day comment period.

Insurance 60

Insurance Big data e-Delivery Risk 60

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.

Access 68

Access Financial Services Marketing Risk 68

IBM Big Data Hub

JANUARY 25, 2024

Thankfully, customer-centric organizations have many tools, examples, and use cases at their disposal to meet the growing needs of today’s customers. It is important to meet the customer’s needs on day one, by making an emotional connection. In healthcare, organizations can do this by offering itemized bills to patients.

Customer Experience 72

Customer Experience Retail Sales Artificial Intelligence 72

Info Source

JULY 6, 2023

t starts with the prospect, who has researched alternatives based on her/his specific needs selecting a financial services provider and type of loan and submitting a request. The financial services institute requests a proof of identity and documentation to ensure that the person qualifies e.g., proof of residence, income etc.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 52

erwin

FEBRUARY 27, 2020

Even industries historically resistant to it, such as financial services and healthcare, are now transforming proactively and at a rapid rate. A strategic planning approach – from assessment and impact and investment analysis through delivery – ensures ideas are captured, analyzed and shared in a structured process.

Digital transformation 137

Digital transformation Financial Services Analytics Education 137

IBM Big Data Hub

OCTOBER 4, 2022

With the growing number of AI regulations, responsibly implementing and scaling AI is a growing challenge, especially for global entities governed by diverse requirements and highly regulated industries such as financial services, healthcare and telecom. The three foundational capabilities of the IBM AI Governance solution.

Government 101

Government Artificial Intelligence Metadata Data science 101

DLA Piper Privacy Matters

FEBRUARY 28, 2022

In particular, the revised form seeks to clarify when an organisation meets the criteria to avail of the “One-Stop-Shop” (OSS) mechanism. Our analysis of the WhatsApp decision can be read here. Financial Services Sector Focus. Complaints Handling. sought a further 17 submissions on statements of issues or inquiry reports.

Financial Services 97

Financial Services Data breaches Personal data Compliance 97

Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. Furthermore, there are cases in which regulators have, following privacy incidents, used records of past incidents and corrective steps taken as part of their analysis.

Compliance 137

Compliance Privacy Risk Financial Services 137

IBM Big Data Hub

SEPTEMBER 20, 2023

Or they can stay on the sidelines and risk missing out on AI’s ability to help agencies more effectively meet their objectives. With this can come improved productivity, as technologies such as natural language processing (NLP) hold the promise of relieving the need for heavy text data reading and analysis.

Government 107

Government Artificial Intelligence Privacy Digital transformation 107

Data Matters

SEPTEMBER 12, 2018

As part of the public discussion, the Commission, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the UK Financial Conduct Authority (FCA) were present to provide their thoughts. 2 The meeting was recorded for the public record and is available to view online at [link].

Financial Services 68

Financial Services Marketing Privacy IT 68

erwin

JUNE 21, 2019

Industry-specific regulations in areas like healthcare, pharmaceuticals and financial services have been in place for some time. Business process modeling helps organizations prove what they are doing to meet compliance requirements and understand how changes to their processes impact compliance efforts (and vice versa).

Healthcare 108

Healthcare Compliance Financial Services GDPR 108

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 117

Risk Financial Services Insurance Cybersecurity 117

Info Source

JULY 18, 2023

Relevant private services where acceptance of the wallet will be obligatory are those where strong assurance of the identity of their customers is critical, e.g., areas of transport, energy, banking and financial services, social security, health, postal services, digital infrastructure, education or telecommunications.

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Authentication e-Delivery B2C Marketing 52

IBM Big Data Hub

SEPTEMBER 6, 2023

Why budgeting feels like a marathon Just like marathon training takes months of preparation, crafting a budget involves a lot of data collection, metrics analysis, resource allocation and collaboration. The development of financial planning and analysis solutions has begun to redefine the landscape of budgeting.

Analytics 88

Analytics Marketing Artificial Intelligence Sales 88

Security Affairs

SEPTEMBER 10, 2018

defense contractors and financial services firms worldwide. ” reads the analysis published by Kaspersky. ” The cyberespionage campaign analyzed by Kaspersky targeted Middle Asian government entities immediately prior to the Central Asian high-level meeting. We informed the company about the issue via CN-CERT.”

Communications 74

Communications Financial Services Phishing Encryption 74

Info Source

SEPTEMBER 15, 2023

AI-based solutions and subscription-based services will lower the barrier to entry for process automation and meet requirements for improved customer experience and employee satisfaction. In our analysis of use cases, where new Capture & IDP solutions are deployed, Case Management type use cases (e.g.,

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Information capture Marketing Records Management Customer Experience 52

Collibra

JANUARY 27, 2022

Recently I had the opportunity to meet with Mandar Mahajan, one of the Domain Experts on IFRS-17 at Collibra, to get his perspective on the significance of this standard, some of the implementation challenges faced by insurers and how Collibra Data Intelligence Cloud can help accelerate IFRS-17 compliance.

Compliance 52

Compliance Cloud Insurance Metadata 52

Info Source

MAY 13, 2020

The most popular reason why processes were not always strictly followed was that employees may deviate to meet customer needs (58%). The global survey was sponsored by ABBYY and executed by Opinium Research in March 2020 with organizations across healthcare, financial services, logistics and transportation, and government.

Mining 52

Mining Customer Experience Financial Services Insurance 52

IBM Big Data Hub

APRIL 18, 2024

Example : Imagine the best customer service experience that you’ve ever had. AGI can offer this through a perception system that anticipates potential issues, uses tone analysis to better understand the customer’s mood, and possesses a keen memory that can recall the most specific case-resolving minutiae.

Artificial Intelligence 87

Artificial Intelligence Marketing e-Delivery Manufacturing 87

Data Protection Report

APRIL 9, 2024

Sector-Based Criteria: CISA’s sector-based criteria captures smaller entities that may not meet the size threshold but are nonetheless considered “high-risk,” such as critical access hospitals in rural areas, owners and operators of nuclear facilities, and large school districts.

Ransomware 82

Ransomware Agriculture Cybersecurity Government 82

Armstrong Archives

DECEMBER 18, 2023

If your company doesn’t meet compliance requirements, your business may be at risk of lawsuits, fines, or both. Financial services: Institutions in the financial industry also have to abide by strict regulations, such as the Sarbanes-Oxley Act.

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Archiving Paper Records Management Compliance 52

Collibra

JUNE 16, 2021

Reduced the data analysis time for new projects by more than 50%, increased speed to market, and improved collaboration between business teams and IT. Collibra’s annual ‘Partner of the Year Award’ will be awarded to the partner that has the highest achievement of success for meeting and surpassing their tier requirements. .

Digital transformation 59

Digital transformation Metadata Financial Services Government 59

IBM Big Data Hub

FEBRUARY 23, 2024

Enterprises can use NLU to offer personalized experiences for their users at scale and meet customer needs without human intervention. In addition, ML techniques power tasks like speech recognition, text classification, sentiment analysis and entity recognition.

Analytics 103

Analytics Artificial Intelligence Marketing Education 103

IBM Big Data Hub

MARCH 2, 2022

Alabama Appleseed is a public policy and direct service organization based in Montgomery and Birmingham that uses policy analysis, original research, public education, and community organizing to build a more just and equitable Alabama.

Data science 71

Data science Analytics Education Financial Services 71

Info Source

MARCH 20, 2019

Kofax is the only vendor that delivers a broad set of AI with RPA to meet enterprise automation ambitions including cognitive document automation. Designing RPA robots quicker and more accurately with volumetric and exception path analysis. ? Automated Process Discovery. Robot Lifecycle Management. Benefits include: ?

Digital transformation 56

Digital transformation Unstructured data Compliance Financial Services 56

Data Matters

MARCH 21, 2022

The reporting requirements will cover multiple sectors of the economy, including chemical industry entities, commercial facilities, communications sector entities, critical manufacturing, dams, financial services entities, food and agriculture sector entities, healthcare entities, information technology, energy, and transportation.

Ransomware 97

Ransomware Cybersecurity Agriculture Communications 97

eSecurity Planet

SEPTEMBER 10, 2021

In some cases, the cloud vendor may have a policy enforcement feature that is sufficient to meet the organization’s needs. Organizations that collect personally identifiable information (PII) like those in retail, healthcare, and financial services face strict regulations when it comes to customer privacy and data security.

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Cloud Security Encryption Risk 102

IT Governance

MARCH 11, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. 66,702,148 known records breached in 103 newly disclosed incidents Welcome to this week’s global round-up of the biggest and most interesting news stories.

Data Privacy 87

Data Privacy Privacy Security Data breaches 87

Reltio

JULY 6, 2018

The Customer and Vehicle Master helped the client’s marketing team execute better targeted campaigns and allowed the merchandising department refine inventory acquisition targets based on more complex demand analysis. A leading pet specialty retailer leveraged data to tackle Amazon Effect and transform into a customer-centric service company.

MDM 60

MDM Insurance Retail Cloud 60

Data Protection Report

OCTOBER 1, 2019

As with the amended breach law, this new law also states that compliance with the data security requirements of HIPAA, Gramm-Leach-Bliley or New York Department of Financial Services cybersecurity regulations, or other similar agency requirements, will meet this statute.

Security 40

Security Financial Services Passwords Risk 40

DLA Piper Privacy Matters

SEPTEMBER 29, 2017

Fraud prevention systems not meeting those conditions require a specific authorization from the CNIL (a much more complicated and lengthy process). Only certain categories of entities in the banking and financial sector are eligible to self-certify under the AU-054.

Personal data 40

Personal data Financial Services Risk Insurance 40

Collibra

NOVEMBER 3, 2020

As banks continue to work diligently to prepare for the Federal Reserve’s Capital Analysis and Review matter requiring attention (CCAR MRA) , many of them are finding that a mind shift is required. It’s no longer sufficient to think in terms of data management. They can connect to your other systems in an automated and integrated way.

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Metadata Government Compliance Financial Services 45

Collibra

DECEMBER 10, 2020

Organizations use, customize and extend numerous existing industry ontologies to meet changing needs over time; as a result, they need to maintain consistency with the original standards to prevent drift from the external semantics. Reference data in financial services. International Securities Identification Numbers (ISIN).

Government 59

Government Analytics Financial Services Marketing 59

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. It uses sophisticated monitoring, automation, and analysis tools to identify risks in real time so you can respond to them as efficiently as possible. LogicManager.

Compliance 67

Compliance Risk Government Retail 67

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. It uses sophisticated monitoring, automation, and analysis tools to identify risks in real time so you can respond to them as efficiently as possible. LogicManager.

Compliance 57

Compliance Risk Government Retail 57

DLA Piper Privacy Matters

MARCH 30, 2023

Our analysis of the Meta (Instagram) decision can be read here. International Activities Over the course of 2022, the DPC continued to participate in work programmes of European supervisory bodies and, despite continued travel restrictions, the DPC attended and actively participated in monthly plenary meetings (approximately 300).

Personal data 52

Personal data GDPR Compliance Financial Services 52

ARMA International

DECEMBER 26, 2019

While 43% of surveyed professionals are largely satisfied with their RIM applications, new investments have been required to meet rising privacy protection requirements, such as from the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).

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Content services Cloud Records Management Privacy 76