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Customer first: New U.K. consumer duty for the financial services industry

OpenText Information Management

Have you ever been presented with stack of financial documents plastered with sticky notes and felt confused about where to sign and overwhelmed by the wording? consumer duty for the financial services industry appeared first on OpenText Blogs.

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The Clock is Ticking for PCI DSS 4.0 Compliance

Thales Cloud Protection & Licensing

Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. million, second only to healthcare.

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Risk Management under the DORA Regulation

IT Governance

In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million) for the financial sector – 33% more than the average across all sectors. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with.

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Automated governance and trustworthy AI

IBM Big Data Hub

Firms in regulated industries such as financial services, healthcare and telecom will see additional regulations being enforced to ensure AI governance compliance with requirements to document the evidence of it. Case study: IBM Cloud Pak for Data at work in a large financial services firm.

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How AI is helping companies meet sustainability goals

IBM Big Data Hub

The first among these is using intelligent document understanding to process sustainability information. Businesses in sectors including agriculture, retail, utilities, and financial services will be able to use these models for risk assessment and mitigation. Some companies are already working on them.

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Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

Cryptoassets are not documents of title, documentary intangibles or negotiable instruments, nor are they instruments under the UK Bills of Exchange Act nor goods under the UK Sale of Goods Act. The conclusions in the Legal Statement are useful to financial services firms and to those developing new applications for financial services.

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Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

Cryptoassets are not documents of title, documentary intangibles or negotiable instruments, nor are they instruments under the UK Bills of Exchange Act nor goods under the UK Sale of Goods Act. The conclusions in the Legal Statement are useful to financial services firms and to those developing new applications for financial services.