INDUSTRY INSIGHTS YOUR PEERS ARE READING
The Act makes many significant modifications to the postcrisis financial regulatory framework, although it leaves the core of that framework intact. One major consequence of the Act may be an increased potential for mergers, acquisitions and organic growth among regional and midsize banks, as well as community banks, because of provisions that increase the thresholds that must be met before various financial regulatory requirements apply. Initiating Online Banking Services. MORE
Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update. placing New York financial consumers at great risk of exploitation by federally chartered entities improperly insulated from New York law. MORE
Dominant financial services institutions, currently, focus on; a scale of assets, mass productions, relationship exclusivity, switching costs, and dependence on the integrity of humans. The same mindset goes for artificial intelligence (AI) pairing with financial services. How AI Helps with Financial Services. “A Ultimately, AI in the financial services industry will be directed towards optimizing the customer experience. MORE
Customers place a lot of value on innovation when selecting financial services products. Data & Analytics Financial Services Integration & IT Modernization Finance finance innovation financial services innovation FinTech fintechs innovative MORE
With companies in the financial sector getting better at blocking ordinary threats, attackers have begun going after them with more sophisticated malware, Lastline says MORE
What You Need to Know About Financial Services Cloud. Field Service Updates in Summer ’18 that Will Change How You Work. Self-Service or Bust: Why Connected Customer Portals are Vital to Customer Experience. Must-Know Salesforce Updates. MORE
Hackers are using the infrastructure, meant to transmit data between applications, for command and control MORE
For example, ChatBot technology is becoming particularly popular in banking for customer service, by cutting down handling times and accelerating payments processing, enabling better customer interaction by eliminating errors and increasing efficiency. MORE
As any financial services executive knows, improving business results with precise, timely decisions is much harder than it looks MORE
In my previous blog, I took a look at some of the major areas Financial Services needs to address to deliver the experience their customers demand. Customer Experience Management Industry Posts Analytics Banking Customer Experience financial services MORE
This needs to be abstract enough to gain acceptance across the financial institution, yet maintain an appropriate level of detail required to support clear ownership. MORE
How familiar is your organization with the flexibility and integration Financial Services Cloud offers? The solution helps improve the customer experience, strengthen client relationships, and drive new business by integrating sales, service, and marketing. MORE
Cyber security Cyber attacks Data breaches Finance, investment and tax-related legislation House Financial Services Committee EquifaxA bipartisan bill to establish a federal security framework follows a string of efforts beset by congressional turf battles. MORE
Most Recent ThreatLists Vulnerabilities 2018 Breaches financial services patching habits ponemon survey servicenowHalf of breached firms say they were compromised due to a vulnerability for which a patch was available but not applied. MORE
Cloud Data & Analytics Development Financial Services Integration & IT Modernization MicroStrategy Mobile Salesforce alliancebernstein dreamforce field sales Sales sales app salesforce simonHow to Best Enable On-the-Go Sellers. MORE
However, the discussion didn’t cover identity management and that’s an area that needs to be urgently addressed if Financial Service companies are … The post Digital transformation in Financial Services requires a rethink of identity management appeared first on OpenText Blogs. MORE
You literally had to be driven away by horrible service or high fees – it was just way too much of a hassle to change accounts, get new checks and set up all that automatic bill payment stuff. population to value innovation when selecting financial services products. MORE
With the global financial crisis comes more regulations. This, in turn, is pushing financial services organizations to find ways to manage and make sure they are compliant with regulations. Because of this, regtech has become a new frontier in the financial sector. News financial services regtechRead more here. MORE
Data breaches Cyber security Finance, investment and tax-related legislation Enforcement Data security Equifax FTC House Financial Services Committee Senate Banking CommitteeFamiliar recriminations and calls for legislation from lawmakers followed the massive hack of the Starwood hotel chain, but will Capitol Hill actually do anything? MORE
These are among the top threats to financial institutions of all sizes. Ransomware. Phishing. Credential stuffing. But small-to-midsized ones are particularly challenged to detect and respond to threats. Arctic Wolf's Todd Thiemann discusses the value of managed detection and response MORE
Analytics Industry Professional Services AI financial services intelligent recommendation OpenText Professional Services recommendationsIntelligent recommendations, or recommendation engines as they are also called, are everywhere. MORE
The CIO of Daimler Financial Services, Udo Neumann, warns that although your company may be thriving now unless you transform and innovate, that success won’t last. Financial Services News Daimler Financial Services Digital transformation financial servicesLearn more here. MORE
According to a report entitled The 2018 Global DNS Threat Report by EfficientIP, the financial services industry is the worst affected sector by domain name systems (DNS) attacks which are cyber attacks where attackers take advantage of network vulnerabilities to break into bank systems stealthily. According to the report, last year, a single financial sector attack cost each organization $588,200 to recover. MORE
In a recent blog, I wrote about the increasing prominence of AI in financial services. It’s a hot topic that’s topping the agenda of most financial … The post Customer experience in Financial Services appeared first on OpenText Blogs. Enterprise World Industry Posts Analytics Customer Experience customer satisfaction customer support digital enterprise world 2018 financial services omni-channel MORE
Hacks Vulnerabilities Web Security attack technique data exfiltration Equifax breach financial services hidden tunnels uptickAttackers use the approach to look like legitimate traffic and hide data exfiltration in plain sight. MORE
Data recipients: Compile a list of entities, such as administrators, custodians, transfer agents, investment managers, and other service providers. After the initial assessment is complete, financial institutions will be in a position to: Confirm what personal data they hold and for what purpose. Compliance with the CCPA requires robust processes for identifying, governing, distributing, and securing consumer personal information. MORE
More and more financial services organizations are investing in cryptocurrency and TD Ameritrade and Ric Edelman are the most recent big name companies to make the move. News Uncategorized Bitcoin cryptocurrency financial servicesRic Edelman told InvestmentNews that the future is cashless and the market of digital assets is too big to ignore. Read more here. MORE
The first step any financial institution must take in its response to the new CCPA law is to evaluate its exposure and current state of readiness. Implementation: Technical services to consolidate customer data, develop governance and approval workflows, and make infrastructure upgrades. Our risk and compliance practice has a proven track record of helping financial firms understand and react to regulatory mandates. Perficient + Financial Services. MORE
On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018. As DFS continues to implement its landmark cybersecurity regulation, we will take proactive steps to protect our financial services industry from cyber criminals.”. MORE
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. MORE
Recent research from the Digital Banking Report found that only 13% of financial organizations globally have deployed at least one artificial intelligence (AI) solution. MORE
Analytics Industry Posts AI artificial intelligence Banking Customer Experience data exhaust financial planning financial services mass customization offers unstructured data MORE
Remember when nothing terribly important happened on social media? When Facebook was just a silly diversion where twenty-somethings could let their friends know what they were up to? Compliance MORE
A 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. Blockchain Fintech Data management MORE
Before a financial institution can agree on authorized sources of data, there must first be a common understanding of the type of data being sourced. MORE
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. Blockchain has the potential to offer value in many industries. Read more here. News blockchain MORE
That lowers risk, enabling the institution to invest in better products and services. Financial firms that act quickly to apply these new tools will gain a significant competitive edge. MORE
Financial Service organizations are among the most highly regulated industries and routinely face a myriad of compliance and administrative proceedings. Discovery best eDiscovery software ediscovery financial services machine learning Predictive Coding TAR MORE
The last thing an insurer wants to do is put the customer on hold while a service representative sifts through history files. Financial Services Training & Awareness artificial intelligence insurance claims insurance industry machine learning MORE
Analytics Information Management API API developers API in banking API integration Cloud Services financial services SIBOSSomething that barely raised any interest only two years ago was the focus of many of the discussions at this year’s SIBOS. MORE
How can digital technologies help banks gain a competitive advantage in today’s highly competitive financial services sector? Enterprise Content Management Banking Capitec Bank Captiva Case Studies Documentum Documentum xCP enterprise content management financial services xPression MORE
Recently, we completed an onboarding for a new corporate … The post OpenText STP Financial Hub revolutionizes workflows in the Financial Services sector appeared first on OpenText Blogs. MORE
When discussions about fraud, payments and security arise, you won't get long into a converstion before machine learning and artificial intelligence (AI) come into the mix. Through the application of high-performance software, machine learning technology has created advanced computing abilities that have a broad-scale reach for community banks that allow them to better compete against the bigger banks. MORE
With 63% of Financial Services organizations either planning or formally engaged in digital transformation initiatives, how does a financial brand drive conversion, create loyalty and maintain a competitive edge? MORE
Financial Services Related Topics InfoGoTo
DECEMBER 6, 2018
The CIO of Daimler Financial Services, Udo Neumann, warns that although your company may be thriving now unless you transform and innovate, that success won’t last. Financial Services News Daimler Financial Services Digital transformation financial servicesLearn more here.
Perficient Data & Analytics
NOVEMBER 6, 2018
Customers place a lot of value on innovation when selecting financial services products. Data & Analytics Financial Services Integration & IT Modernization Finance finance innovation financial services innovation FinTech fintechs innovative
Thales Data Security
DECEMBER 5, 2018
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.
Data Breach Today
AUGUST 10, 2018
These are among the top threats to financial institutions of all sizes. Ransomware. Phishing. Credential stuffing. But small-to-midsized ones are particularly challenged to detect and respond to threats. Arctic Wolf's Todd Thiemann discusses the value of managed detection and response
InfoGoTo
OCTOBER 25, 2018
According to a report entitled The 2018 Global DNS Threat Report by EfficientIP, the financial services industry is the worst affected sector by domain name systems (DNS) attacks which are cyber attacks where attackers take advantage of network vulnerabilities to break into bank systems stealthily. According to the report, last year, a single financial sector attack cost each organization $588,200 to recover.
OpenText Information Management
JUNE 6, 2018
In a recent blog, I wrote about the increasing prominence of AI in financial services. It’s a hot topic that’s topping the agenda of most financial … The post Customer experience in Financial Services appeared first on OpenText Blogs. Enterprise World Industry Posts Analytics Customer Experience customer satisfaction customer support digital enterprise world 2018 financial services omni-channel
InfoGoTo
NOVEMBER 8, 2018
With the global financial crisis comes more regulations. This, in turn, is pushing financial services organizations to find ways to manage and make sure they are compliant with regulations. Because of this, regtech has become a new frontier in the financial sector. News financial services regtechRead more here.
Perficient Data & Analytics
OCTOBER 23, 2018
Dominant financial services institutions, currently, focus on; a scale of assets, mass productions, relationship exclusivity, switching costs, and dependence on the integrity of humans. The same mindset goes for artificial intelligence (AI) pairing with financial services. How AI Helps with Financial Services. “A Ultimately, AI in the financial services industry will be directed towards optimizing the customer experience.
InfoGoTo
OCTOBER 11, 2018
More and more financial services organizations are investing in cryptocurrency and TD Ameritrade and Ric Edelman are the most recent big name companies to make the move. News Uncategorized Bitcoin cryptocurrency financial servicesRic Edelman told InvestmentNews that the future is cashless and the market of digital assets is too big to ignore. Read more here.
Perficient Data & Analytics
MAY 7, 2018
What You Need to Know About Financial Services Cloud. Field Service Updates in Summer ’18 that Will Change How You Work. Self-Service or Bust: Why Connected Customer Portals are Vital to Customer Experience. Must-Know Salesforce Updates.
OpenText Information Management
FEBRUARY 13, 2018
However, the discussion didn’t cover identity management and that’s an area that needs to be urgently addressed if Financial Service companies are … The post Digital transformation in Financial Services requires a rethink of identity management appeared first on OpenText Blogs.
Threatpost
JUNE 21, 2018
Hacks Vulnerabilities Web Security attack technique data exfiltration Equifax breach financial services hidden tunnels uptickAttackers use the approach to look like legitimate traffic and hide data exfiltration in plain sight.
OpenText Information Management
OCTOBER 24, 2018
Recently, we completed an onboarding for a new corporate … The post OpenText STP Financial Hub revolutionizes workflows in the Financial Services sector appeared first on OpenText Blogs.
Document Imaging Report
OCTOBER 12, 2018
For example, ChatBot technology is becoming particularly popular in banking for customer service, by cutting down handling times and accelerating payments processing, enabling better customer interaction by eliminating errors and increasing efficiency.
Threatpost
AUGUST 7, 2018
Most Recent ThreatLists Vulnerabilities 2018 Breaches financial services patching habits ponemon survey servicenowHalf of breached firms say they were compromised due to a vulnerability for which a patch was available but not applied.
IBM Big Data Hub
AUGUST 9, 2018
As any financial services executive knows, improving business results with precise, timely decisions is much harder than it looks
Information Management Resources
JUNE 14, 2018
A 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. Blockchain Fintech Data management
Hanzo Learning Center
NOVEMBER 21, 2018
Remember when nothing terribly important happened on social media? When Facebook was just a silly diversion where twenty-somethings could let their friends know what they were up to? Compliance
Dark Reading
JUNE 20, 2018
Hackers are using the infrastructure, meant to transmit data between applications, for command and control
Data Matters
JUNE 5, 2018
The Act makes many significant modifications to the postcrisis financial regulatory framework, although it leaves the core of that framework intact. One major consequence of the Act may be an increased potential for mergers, acquisitions and organic growth among regional and midsize banks, as well as community banks, because of provisions that increase the thresholds that must be met before various financial regulatory requirements apply. Initiating Online Banking Services.
Data Matters
SEPTEMBER 20, 2018
Office of the Comptroller of the Currency (OCC) announced its decision (the Fintech Charter Decision) to begin accepting applications from financial technology (fintech) companies for special purpose national bank charters. The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update. placing New York financial consumers at great risk of exploitation by federally chartered entities improperly insulated from New York law.
InfoGoTo
AUGUST 31, 2018
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. Blockchain has the potential to offer value in many industries. Read more here. News blockchain
Dark Reading
JUNE 5, 2018
With companies in the financial sector getting better at blocking ordinary threats, attackers have begun going after them with more sophisticated malware, Lastline says
Perficient Data & Analytics
NOVEMBER 15, 2018
Recent research from the Digital Banking Report found that only 13% of financial organizations globally have deployed at least one artificial intelligence (AI) solution.
Rippleshot
JANUARY 22, 2018
When discussions about fraud, payments and security arise, you won't get long into a converstion before machine learning and artificial intelligence (AI) come into the mix. Through the application of high-performance software, machine learning technology has created advanced computing abilities that have a broad-scale reach for community banks that allow them to better compete against the bigger banks.
Hunton Privacy
JANUARY 24, 2018
On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018. As DFS continues to implement its landmark cybersecurity regulation, we will take proactive steps to protect our financial services industry from cyber criminals.”.
Perficient Data & Analytics
OCTOBER 23, 2018
You literally had to be driven away by horrible service or high fees – it was just way too much of a hassle to change accounts, get new checks and set up all that automatic bill payment stuff. population to value innovation when selecting financial services products.
OpenText Information Management
DECEMBER 6, 2018
Analytics Industry Professional Services AI financial services intelligent recommendation OpenText Professional Services recommendationsIntelligent recommendations, or recommendation engines as they are also called, are everywhere.
Perficient Data & Analytics
MAY 14, 2018
How familiar is your organization with the flexibility and integration Financial Services Cloud offers? The solution helps improve the customer experience, strengthen client relationships, and drive new business by integrating sales, service, and marketing.
Information Management Resources
DECEMBER 7, 2018
Data breaches Cyber security Finance, investment and tax-related legislation Enforcement Data security Equifax FTC House Financial Services Committee Senate Banking CommitteeFamiliar recriminations and calls for legislation from lawmakers followed the massive hack of the Starwood hotel chain, but will Capitol Hill actually do anything?
InfoGoTo
DECEMBER 7, 2018
The last thing an insurer wants to do is put the customer on hold while a service representative sifts through history files. Financial Services Training & Awareness artificial intelligence insurance claims insurance industry machine learning
OpenText Information Management
MARCH 15, 2018
With 63% of Financial Services organizations either planning or formally engaged in digital transformation initiatives, how does a financial brand drive conversion, create loyalty and maintain a competitive edge?
InfoGoTo
DECEMBER 4, 2018
That lowers risk, enabling the institution to invest in better products and services. Financial firms that act quickly to apply these new tools will gain a significant competitive edge.
OpenText Information Management
DECEMBER 19, 2017
How can digital technologies help banks gain a competitive advantage in today’s highly competitive financial services sector? Enterprise Content Management Banking Capitec Bank Captiva Case Studies Documentum Documentum xCP enterprise content management financial services xPression
OpenText Information Management
DECEMBER 13, 2017
Analytics Information Management API API developers API in banking API integration Cloud Services financial services SIBOSSomething that barely raised any interest only two years ago was the focus of many of the discussions at this year’s SIBOS.
OpenText Information Management
MAY 16, 2018
In my previous blog, I took a look at some of the major areas Financial Services needs to address to deliver the experience their customers demand. Customer Experience Management Industry Posts Analytics Banking Customer Experience financial services
Perficient Data & Analytics
NOVEMBER 20, 2018
Cloud Data & Analytics Development Financial Services Integration & IT Modernization MicroStrategy Mobile Salesforce alliancebernstein dreamforce field sales Sales sales app salesforce simonHow to Best Enable On-the-Go Sellers.
Perficient Data & Analytics
OCTOBER 4, 2018
Before a financial institution can agree on authorized sources of data, there must first be a common understanding of the type of data being sourced.
Perficient Data & Analytics
SEPTEMBER 27, 2018
This needs to be abstract enough to gain acceptance across the financial institution, yet maintain an appropriate level of detail required to support clear ownership.
Information Management Resources
FEBRUARY 20, 2018
Cyber security Cyber attacks Data breaches Finance, investment and tax-related legislation House Financial Services Committee EquifaxA bipartisan bill to establish a federal security framework follows a string of efforts beset by congressional turf battles.
OpenText Information Management
JUNE 27, 2018
Analytics Industry Posts AI artificial intelligence Banking Customer Experience data exhaust financial planning financial services mass customization offers unstructured data
Perficient Data & Analytics
OCTOBER 30, 2018
The first step any financial institution must take in its response to the new CCPA law is to evaluate its exposure and current state of readiness. Implementation: Technical services to consolidate customer data, develop governance and approval workflows, and make infrastructure upgrades. Our risk and compliance practice has a proven track record of helping financial firms understand and react to regulatory mandates. Perficient + Financial Services.
Perficient Data & Analytics
NOVEMBER 13, 2018
Data recipients: Compile a list of entities, such as administrators, custodians, transfer agents, investment managers, and other service providers. After the initial assessment is complete, financial institutions will be in a position to: Confirm what personal data they hold and for what purpose. Compliance with the CCPA requires robust processes for identifying, governing, distributing, and securing consumer personal information.
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