Summary – “Industry in One: Financial Services”

ARMA International

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. History of Financial System. financial system continues to evolve in response to changing regulations. Financial Services Industry Overview.

Financial services industry spends $1.7B on blockchain

Information Management Resources

Blockchain Fintech Data managementA new study shows the budgets spent on the technology increased 67 percent last year alone, with one in 10 banks and other firms reporting spending in excess of $10 million.

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Cryptocurrency as a Technology for Providing Financial Services

Cllax

Is a set of services and applications developed using blockchain, cryptocurrencies / tokens and smart contracts. The post Cryptocurrency as a Technology for Providing Financial Services first appeared on Cllax - Top of IT.

Financial Services Data – More at risk than you’d believe

Thales Cloud Protection & Licensing

One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates.

The leader in blockchain development continues to be the financial services industry

InfoGoTo

Blockchain has the potential to offer value in many industries. And while there have been advances of this technology in many industries, a PwC survey has found that financial services continues to be a leader in blockchain development. News blockchainRead more here.

ARMA and AIEF Issue Special Edition Publication: Blockchain, AI, Accounting Records, and other IG topics covered

IG Guru

The post ARMA and AIEF Issue Special Edition Publication: Blockchain, AI, Accounting Records, and other IG topics covered appeared first on IG GURU. Nice to see the AIEF and ARMA working together to publish this special edition.

Leveraging Blockchain Integration to Meet Information Governance Challenges

InfoGoTo

Blockchain integration is one of the hottest technology topics in the business world today, with financial services and healthcare sectors leading the way in exploring how to integrate blockchain into their organizations. A recent PwC survey of 600 executives from 15 territories noted that 84% of respondents are actively involved with blockchain in some form, with financial services taking the lead. A Financial Services Roadblock.

Emergence of Blockchain in Finance Requires Secure, Streamlined Data Management

InfoGoTo

Blockchain in finance is advancing as financial services providers and regulators look into the different ways cryptocurrencies will impact payments, value exchange and other elements of the financial landscape. A blockchain ledger tracks all changes, and is distributed to all computers in the chain. All documents are required to have the same blockchain signature, as a protection against fraud.

Rock the Blockchain: Thales and DigiCert Secure the Data

Thales Cloud Protection & Licensing

Rock the Blockchain: Thales and DigiCert Secure the Data. Within the midst of various global regulatory requirements, distributed ledger technologies (DLTs), like blockchain, have moved into the data security limelight, positioning themselves as a solution for secure data storage.

How blockchain is transforming organizations and the world

Information Management Resources

In their new book, the authors say blockchain challenges many industries, of which financial services will see the largest impact in the coming years. Accordingly, this necessarily begs the question—how will blockchain have an impact on other global problems? Blockchain Distributed ledger technology Data management

How Blockchain and Bitcoin Tech Will Fuel the Industrial IoT

Perficient Data & Analytics

Technological powerhouses bitcoin and blockchain offer the potential to collaborate with the Internet of Things (IoT), resulting in simplified connections within the industrial IoT. Through advanced implementation of blockchain and bitcoin, technology promotes a simpler way to experience life itself. Blockchain is the underlying technology in bitcoin and other cryptocurrencies. A wide-scale adoption of blockchain would create significantly more transparency at all levels.

Understanding Blockchain and its Impact on Legal Technology, Part Two

eDiscovery Daily

Now, Tom has written another terrific overview regarding blockchain and legal technology titled Understanding Blockchain and its Impact on Legal Technology that we’re happy to share on the eDiscovery Daily blog. Understanding Blockchain and Bitcoin. To understand blockchain and bitcoin better, let’s take a look at the background of how they were created and discuss how blockchain works. Background on Blockchain and Bitcoin. How Blockchain Works.

The Tension between GDPR and Blockchain: Are they Polar Opposites or Can they Co-exist

AIIM

A potentially problematic challenge for industry and legislators is the apparent tension between privacy rights and the rapid adoption of blockchain-based applications which are expected to reach $10.6 There is a school of thought that blockchain is antithetical to and incompatible with safeguarding privacy rights. The structure of the blockchain does not allow for any such changes.

How to make Puerto Rico your new crypto home

Perficient Data & Analytics

Earned income is pay for personal services performed, such as wages, salaries, or professional fees. There are different rules for personal property sales and service. Sourcing of services depends on where the services were provided. If you have a business in Puerto Rico providing services in Puerto Rico, you can exclude that income from federal taxes. Financial Services Act 20 Act 22 bitcoin blockchain Cryptocurrency

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Blockchain, Cybersecurity and Global Finance

Hunton Privacy

When novelist William Gibson said, “[t]he future is already here, it’s just not very evenly distributed,” he may have had innovation like blockchain technology in mind. In the near future, blockchain may become the new architecture of a reinvented global financial services infrastructure. Earlier this year, Interpol reported that blockchain can be repurposed by hackers to export malware to all computers in the network. What, then, is blockchain technology?

The blockchain bowling alley: How distributed ledger technology goes mainstream

CGI

The blockchain bowling alley: How distributed ledger technology goes mainstream. As someone engaged with blockchain projects since 2016 in CGI’s Trade Innovation Lab (and countless emerging technology projects before that), my experience is that blockchain is making the leap from experimental to production-ready solutions. What’s more, it’s poised to spill over from financial services into a wide range of industries. Breaking down blockchain.

The time for government blockchain proofs of concept is now

CGI

The time for government blockchain proofs of concept is now. For the past two years, CGI has seen an exponential uptick in commercial sector interest in blockchain beyond just the financial services industry. Many government agencies also have been wading deeper into the blockchain waters. See a related blog by my colleague Sean Curry titled, “ Blockchain: Should federal agencies use it? ”). Is your agency investing in blockchain POCs?

The blockchain bowling alley: How distributed ledger technology goes mainstream

CGI

The blockchain bowling alley: How distributed ledger technology goes mainstream. As someone engaged with blockchain projects since 2016 in CGI’s Trade Innovation Lab (and countless emerging technology projects before that), my experience is that blockchain is making the leap from experimental to production-ready solutions. What’s more, it’s poised to spill over from financial services into a wide range of industries. Breaking down blockchain.

The blockchain bowling alley – how distributed ledger technology goes mainstream

CGI

The blockchain bowling alley – how distributed ledger technology goes mainstream. As someone engaged with blockchain projects since 2016 in CGI’s Trade Innovation Lab (and countless emerging technology projects before that), it feels as though blockchain is now making the leap from experimental to production-ready solutions. What’s more, it’s poised to spill over from financial services into a wide range of industries. Breaking down blockchain.

Bitcoin job postings are surging on LinkedIn as price soars

Information Management Resources

While the number of listings within financial services is growing faster, the majority of crypto-related jobs -- 70 percent -- are still tied to software development. Bitcoin Blockchain Cryptocurrencies

Why I believe the Blockchain will transform Government

CGI

Why I believe the Blockchain will transform Government. You may not yet have come across the Blockchain but it is making waves within the financial services community and is heralded as one of the most significant advances in technology for a generation. In financial services the technology has been used as the backbone of the crypto-currency Bitcoin and is now being applied to a wide variety of payments applications.

#ModernDataMasters: Michele Chambers, AWS

Reltio

Michele Chambers is a Leader of Product Management and Software Development at Amazon Web Services in Seattle. Intelligent micro-services – This is so that people can create bigger and bigger intelligent applications. Blockchain is also really exciting, and a basic component in edge-based computing. I think what blockchain is really about is creating a trusted network for sharing high-value information. Kate Tickner, Reltio.

New Anti Anti-Money Laundering Services for Crooks

Krebs on Security

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. “To date, this type of analysis has been used primarily by regulated financial service providers.”

#ModernDataMasters: Sarit Bose, Cognizant

Reltio

Blockchain is going to play a big role to giving more trustworthiness to the data. “If It is not evolved to that extent yet, but like AI and ML have evolved, Blockchain is going to become a must.”. Uncategorized B Compliance & GDPR B Consumer 360 B Customer 360 B Digital Transformation B Financial Services & Insurance B Healthcare B High-Tech & Manufacturing B IT B Business B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPG

#ModernDataMasters: Tony Saldanha, President, Transformant

Reltio

Tony Saldanha is the President of Transformant and a globally recognized information technology and shared services executive. I’ve had the great fortune of evolving with the IT and shared service industry across 6 countries and 13 different roles and assignments. I started the first shared services centre in the Philippines in 1993 and then was also involved with major outsourcing at P&G in 2003. Kate Tickner, Reltio.

#ModernDataMasters: Scott Taylor, “The Data Whisperer”

Reltio

What’s happening now is the convergence of all these mega-trends – AI, Cloud, Social, Mobile, Blockchain – I can count handfuls of trends out there that are regarded as the “sexy” stuff. Uncategorized B Compliance & GDPR B Consumer 360 B Customer 360 B Digital Transformation B Financial Services & Insurance B Healthcare B High-Tech & Manufacturing B IT B Business B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPGKate Tickner, Reltio.

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The U.S. Office of the Comptroller of the Currency Seeks Comment on Digital Innovation by Banks

Data Matters

electronic payments, check capture and online banking), the OCC lists some of the new technologies, the implementation of which may be hindered by ambiguous, burdensome or inflexible rules, such as blockchain, artificial intelligence, biometrics, cloud computing and big data/analytics. Are there activities or services not currently addressed by the Rules but should be? Blockchain Financial Privacy FinTech OCCThe U.S.

U.S. Indicts North Korean Hackers in Theft of $200 Million

Krebs on Security

Prosecutors say the hackers were part of an effort to circumvent ongoing international financial sanctions against the North Korean regime. million in August 2020 from a financial services company based in New York. The U.S.

Crooks steal $130 million worth of cryptocurrency assets from Cream Finance

Security Affairs

Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. Other blockchain security firms immediately shared the news of the attack: BREAKING: Ethereum DeFi protocol @CreamdotFinance hacked for more than $130 million.

Threat actors stole $19 million worth of crypto assets from Cream Finance

Security Affairs

Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. The blockchain security firm PeckShield first spotted the attack and published a series of Tweets containing evidence of the security breach.

ARMA, AIEF Collaborate for Special Edition of IM Magazine

ARMA International

The special edition, which will be available for free download, contains summaries of three AIEF-sponsored research reports on the topics of (1) retention of accounting records around the globe; (2) blockchain technology and recordkeeping; and (3) RIM in the financial industry. FAI Summary: “Blockchain Technology and Recordkeeping,” by Danielle Batista, BARM, MIS; Darra Hofman, JD, MSLS; Alysha Joo, MAS, MLIS; and Victoria Lemieux, Ph.D.

Nation-state actors target critical sectors by exploiting the CVE-2021-40539 flaw

Security Affairs

Threat actors exploited a critical vulnerability, tracked as CVE-2021-40539 , in the Zoho ManageEngine ADSelfService Plus software, which is self-service password management and single sign-on solution. defense contractors , financial services firms, and a national data center in Central Asia.

Fintech Without Borders: Regulators Consult on Global Financial Innovation Network

Data Matters

On August 7, a group of regulators from 11 jurisdictions published a consultation (the Consultation) on the Global Financial Innovation Network (the GFIN), which aims to promote international cooperation on innovation and the use of technology in financial services (FinTech) and in regulatory processes (RegTech). The Consultation builds on the FCA’s proposal earlier this year to create a “global sandbox” for innovative financial services firms.

Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

Distributed ledger and blockchain-based projects are being launched in a wide range of different industries, from retail consumer goods to pharmaceuticals and electricity and power networks to global shipping. However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context. European Union Financial Privacy FinTech International

Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

Distributed ledger and blockchain-based projects are being launched in a wide range of different industries, from retail consumer goods to pharmaceuticals and electricity and power networks to global shipping. However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context. European Union Financial Privacy FinTech International

Money20/20 USA, Part I: Revolution or Evolution?

Thales Cloud Protection & Licensing

I decided I needed to capture the latest thinking on some of the hot topics, which include digital identity, blockchain and open banking. Blockchain to the rescue? Unsurprisingly, blockchain was very visible on the agenda and in discussions on how it can support digital identity. In the meantime, you can also check out Thales eSecurity’s financial services page or follow us on Twitter , LinkedIn and Facebook.

In Case You Missed It: Money 20/20 Conference Highlights

Thales Cloud Protection & Licensing

The conference features a variety of topics and sessions regarding all aspects of financial services, from cryptocurrency to banking. Three topics that piqued my interest at the 2017 show included authentication, blockchain and digital payments. Blockchain. Blockchain is by no means a new topic, yet it always seems to steal the show. Blockchain is a rapidly advancing technology , and more and more companies are moving into the implementation phase.

Alleged SIM Swapper Arrested in California

Krebs on Security

The arrest is the third known law enforcement action this month targeting “SIM swappers,” individuals who specialize in stealing wireless phone numbers and hijacking online financial and social media accounts tied to those numbers. A fraudulent SIM swap occurs when a victim’s cell phone service is redirected from a SIM card under the control of the victim to one under the control of the suspect, without the knowledge or authorization of the victim account holder.

Best Digital Forensics Tools & Software for 2021

eSecurity Planet

Founded in 1991 in Waterloo, Ontario, OpenText offers enterprise content management, networking, automation, discovery, security, and analytics services. Solutions offerings from GDF include computer forensics and security, e-discovery services, penetration testing, and breach response.

Leaders need the technical detail

MIKE 2.0

I recently heard a financial services executive on the radio talking about Bitcoin. Good examples of changes that are coming with more that is unknown than known include cyber currencies, blockchain, quantum computing, artificial intelligence, smart cities, augmented reality and additive manufacturing. Just as many experts argue that cyber currencies will soon fall under the supervision of existing regulators as predict a completely open financial system.