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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

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Three use cases for cloud fax in financial services

OpenText Information Management

Fax is so secure that faxed documents and signatures are recognized in the courts as being legally binding. It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better? The paper problem Financial services workflows have always been heavily paper-based.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

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.

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Multinational ICICI Bank leaks passports and credit card numbers

Security Affairs

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. If malicious actors accessed the exposed data, the company could have faced devastating consequences and put their clients at risk, as financial services are the main target for cybercriminals.

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Impact of IDP on Business Growth – Customer Onboarding Use Case

Info Source

By Petra Beck, Senior Analyst Capture Software We are often faced with questions like: How do we justify an investment in a Capture or Intelligent Document Processing (IDP) solution? These inputs arrive through different channels in different formats, a significant portion often as paper documents. as quickly as possible.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. See CF Disclosure Guidance: Topic No. 2, Cybersecurity (Oct. 14, 2011). 15, 2020).

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DOL Puts Plan Sponsors and Other Fiduciaries on Notice: ERISA Requires Appropriate Precautions to Mitigate Cybersecurity Threats

Data Matters

DOL guidance provides a series of questions that should serve as a starting point for this review and includes topics such as the service provider’s information security standards, track record, cybersecurity insurance coverage, and cybersecurity validation techniques.