Top predictions for financial services in 2023
OpenText Information Management
JANUARY 5, 2023
With inflation, rising interest rates and general economic uncertainty, last year presented several challenges for financial services institutions (FSIs).
Financial Services Government Insurance Marketing 
New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance
Data Matters
FEBRUARY 10, 2021
On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.
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NY Department of Financial Services Issues Reminder for Cybersecurity Filing Deadline
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.
Building for operational resilience in the age of AI and hybrid cloud
IBM Big Data Hub
MARCH 20, 2024
Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. At IBM, we are committed to helping clients on this journey.
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81 New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process
Hunton Privacy
FEBRUARY 25, 2021
As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.
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Spigraph, Everteam & ImageFast Provide Critical Information Governance Solutions to European Market
Everteam
APRIL 2, 2019
To support organizations in their efforts to manage their information properly, Spigraph is making two Everteam governance products available: everteam.discover and everteam.policy: everteam.discover is a file and content analytics solution that connects to both structured and unstructured data repositories across the organization.
Central Bank Digital Currency (CBDC) and blockchain enable the future of payments
IBM Big Data Hub
AUGUST 17, 2023
Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies. Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. Unlike cryptocurrencies like Bitcoin or Ethereum, CBDC is backed by the government and is legal tender.
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Top 6 Best Practices for Data Governance
Collibra
MARCH 11, 2021
Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Focus on the operating model.
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6 best practices for a data governance strategy
Collibra
APRIL 11, 2022
Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. What are data governance best practices?
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8 Interesting Predictions for the Intelligent Information Capture Market in 2022
Info Source
MARCH 16, 2022
The other market dynamic is the shift to communicating via multiple input channels using a wide range of formats often related to the same “case.” For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video.
8 Interesting Predictions for the Intelligent Information Capture Market in 2022
Info Source
MARCH 16, 2022
The other market dynamic is the shift to communicating via multiple input channels using a wide range of formats often related to the same “case.” For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video.
Unlocking the power of chatbots: Key benefits for businesses and customers
IBM Big Data Hub
JANUARY 18, 2024
Interact when and where customers are Conversational marketing can be deployed across a wide variety of platforms and tools to meet your customers where and how they prefer. Your potential market is worldwide. Offer self-service options Customers often prefer to complete simple tasks independently.
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Top 10 Governance, Risk and Compliance (GRC) Vendors
eSecurity Planet
JANUARY 21, 2021
Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Insurance & claims management. Audit management.
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The Week in Cyber Security and Data Privacy: 6 – 12 November 2023
IT Governance
NOVEMBER 13, 2023
On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Records breached: 79,582 Ontario hospitals update: information relating to 5.6
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Top 4 takeaways from the Gartner Data and Analytics Conference
Collibra
MAY 14, 2021
This conference brought together data and analytics leaders from top industries such as government, banking, financial services, insurance, and manufacturing. By adaptation, Gartner means having technologies and practices that easily, or even automatically, shift to meet the changing needs of the business and market.
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Reltio is recognized a Leader in The Forrester Wave™: Master Data Management, Q2 2023
Reltio
JUNE 20, 2023
The report cited that, "Reltio’s vision is to strategically go to market in B2B, B2C, insurance, financial services, healthcare, and life sciences with prebuilt connectors in corresponding velocity packs.”
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Ephesoft Recognized as Alfresco Software’s Global Technology Partner of the Year
Info Source
MAY 21, 2020
Go-to-Market Worldwide Technology Partnership Focuses on Cloud Innovation and Improved Customer Success. a leader in content acquisition and data enrichment solutions, today announced that Alfresco Software , an open source, content services provider, selected Ephesoft as its FY2020 Global Technology Partner of the Year. MAY 21, 2020.
Ireland: Large-scale inquiries progress as DPC budget and staff numbers ramp up
DLA Piper Privacy Matters
FEBRUARY 28, 2022
Most incidents reported originate from the private sector ( 3,667 ), with 2,707 incidents reported from public sector organisations in Ireland such as public sector bodies, banks, insurance and telecom companies. ePrivacy Enforcement – Website Cookies & Marketing. Financial Services Sector Focus.
Institutional Investor’s Introduction to Blockchain and Digital Asset Investing
Data Matters
NOVEMBER 2, 2021
Given the growth of markets for cryptocurrencies and other blockchain-based assets, often referred to as “digital assets,” we see growing interest from traditional investment managers in gaining exposure to this emerging asset class. Article I: Digital Asset Overview and Methods to Gain Exposure to Digital Assets .
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ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia
Info Source
JULY 16, 2019
July 16, 2019 – ABBYY , a global leader in Content IQ technologies and solutions, today announced it has opened a regional office in Hong Kong to strengthen its relationships with enterprise-level customers and partners in the market. The Asian market represents a substantial growth opportunity for ABBYY. MILPITAS, Calif.,
Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption
Thales Cloud Protection & Licensing
APRIL 1, 2021
Skylar Davies | Product Marketing Manager. To learn more, download the Luna Key Broker for Microsoft Double Key Encryption (DKE) solution brief. Encryption. Identity & Access Management. Data security. Cloud security. Encryption Key Management. More About This Author >.
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Nintex Acquires Process Discovery Innovator and RPA Leader Kryon
Info Source
FEBRUARY 15, 2022
Addition of AI-enabled Process Discovery Technology Furthers Nintex’s Position as the Process System of Record for Commercial Enterprises and Government Agencies. 2020 to deepen its digital process automation (DPA) capabilities and AssureSign in June 2021 to bring native eSignatures to its platform, now marketed as Nintex AssureSign ®.
Nintex Acquires Process Discovery Innovator and RPA Leader Kryon
Info Source
FEBRUARY 15, 2022
Addition of AI-enabled Process Discovery Technology Furthers Nintex’s Position as the Process System of Record for Commercial Enterprises and Government Agencies. 2020 to deepen its digital process automation (DPA) capabilities and AssureSign in June 2021 to bring native eSignatures to its platform, now marketed as Nintex AssureSign ®.
Regulatory Update: NAIC Summer 2018 National Meeting
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. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.
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Regulatory Update: NAIC Summer 2019 National Meeting
Data Matters
SEPTEMBER 4, 2019
The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.
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How women are leading with data in Spain
Collibra
DECEMBER 9, 2020
In partnership with the Women of Collibra Employee Resource Group, we asked these two data governance professionals about their beginnings in the data industry, what it is like to become a Collibra Ranger and what can be done to promote more women in the field. Laura : Senior Consultant for the Data Governance practice.
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Office of Foreign Assets Control: Making or Facilitating Ransomware Payments May Violate U.S. Sanctions
Data Matters
OCTOBER 8, 2020
According to OFAC, ransomware attacks have been increasing over the last two years and are a special risk during the COVID-19 pandemic, with cybercriminals targeting not only large corporations but also small to medium enterprises, hospitals, schools, and local government agencies. Since 2015, the U.S. Notable sanctions designations include.
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68 ABBYY Acquires TimelinePI to Strengthen Leadership Role in Digital Transformation
Info Source
AUGUST 5, 2019
The acquisition of TimelinePI represents a significant milestone in establishing ABBYY’s leadership role in the digital transformation market as well as a global player in the emerging process mining market, which Gartner estimates will triple by 2023. MILPITAS, Calif., We call this Digital IQ for the enterprise.
ABBYY Releases Research: State of Process Mining and Robotic Process Automation
Info Source
MAY 13, 2020
There is a direct relation to RPA project failure and not adequately understanding business process workflows and how they may deviate,” commented Scott Opitz, Chief Marketing Officer at ABBYY. It’s becoming clearer to organizations that process knowledge is fundamental for successful automation initiatives. About ABBYY.
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MY TAKE: Coping with security risks, compliance issues spun up by ‘digital transformation’
The Last Watchdog
AUGUST 22, 2019
On one hand, threat actors have already begun exploiting fresh attack vectors, borne of this rising complexity, and, on the other, government authorities and industry standards bodies are insisting on compliance with increasingly cumbersome data-handling security rules. Two types of organizations are doing this, Byron told me.
Top GRC Tools & Software for 2021
eSecurity Planet
JANUARY 21, 2021
Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Insurance & claims management. Audit management.
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The Impact of Data Protection Laws on Your Records Retention Schedule
ARMA International
APRIL 18, 2022
The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. Definition and Purpose of a Records Retention Schedule.
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State of the Global Information Capture & IDP Market 2022/2023
Info Source
SEPTEMBER 15, 2023
Asia saw a strong recovery of market demand in 2022 while the demand in Latin America increased strongly but remains at a low level. Infosource expects an accelerated growth in the Capture & IDP market with solid double-digit expansion globally for the next five years exceeding pre-pandemic levels.
Ransomware Protection in 2021
eSecurity Planet
FEBRUARY 16, 2021
Only 38% of state and local government employees are trained for ransomware prevention, and only 29% of small businesses have experience with ransomware ( IBM ). Enterprise ransomware accounts for 81% of total infections, and by market segment, 62% are small to medium-sized businesses ( Symantec ). Ransomware facts.
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97 UK FCA Consults on Changes to Strong Consumer Authentication, Dedicated Interfaces, and Guidance on Payment Services
Data Matters
FEBRUARY 25, 2021
The FCA has provided new guidance for PIs and EMIs using the “insurance or comparable guarantee” method of safeguarding. This includes a requirement that the insurance policy or comparable guarantee must pay out for the full amount of any claim regardless of how the relevant insolvency event occurs (including if the firm is at fault).
What is a Cyberattack? Types and Defenses
eSecurity Planet
JUNE 16, 2022
These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Capital markets, insurance, financial services, and banking are now online. Other methods.
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137 #ModernDataMasters: Martin Squires, The Analysis Foundry
Reltio
JULY 2, 2019
Martin Squires is a leader with extensive experience in customer insight, marketing analytics & data science. Particularly the data governance side is beginning to be seen as really important. Kate Tickner, Reltio.
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China’s PIPL has finally arrived, and brings helpful clarification (rather than substantial change) to China’s data privacy framework
DLA Piper Privacy Matters
AUGUST 23, 2021
We have summarised the key compliance obligations under the PIPL below, with new obligations in bold for ease of reference: Relevant Laws/Regulations The PIPL becomes the primary, national-level law governing processing of personal information, but does not replace the existing data privacy framework.
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Infosource Global Capture & IDP Vertical Market Analysis 2022-2023 Update
Info Source
DECEMBER 8, 2023
KEY TAKEAWAYS This vertical market assessment is an integral part of Infosource’s analyst services in the Software practice. We analyse industry sectors in key countries around the world and leverage this knowledge in the regional forecasting of the Capture & IDP market.
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#ModernDataMasters: Lewis Ownes, CEO Agile Solutions
Reltio
MAY 14, 2019
It helps that the market has also come towards us and data is at the heart of everything now. If you ask people about data management and all they talk about is governance then you know they are only being driven by regulation or a concern. That has to sit directly beneath the business strategy and before technical strategy.”.
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Privacy and Cybersecurity Top 10 for 2018
Data Matters
JANUARY 2, 2018
In Carpenter , the government obtained months’ worth of a suspect’s cell phone location records pursuant to the Stored Communications Act (SCA). Carpenter argues that the government is required to receive a warrant under the Fourth Amendment for his location records. financial markets.
#ModernDataMasters: Mike Evans, Chief Technology Officer
Reltio
MARCH 19, 2019
It will be possible to put more emphasis on the people, process and data governance which really make MDM live and breathe.”. We teach that problem solving is at the core of MDM, and how important data governance principles are regardless of the configuration of the underpinning technology.”. Prioritise people, process and governance.
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#ModernDataMasters: David Balzan, Business Unit Manager MDM
Reltio
APRIL 4, 2019
David has nearly 20 years’ experience delivering data management solutions across most vertical markets and a huge amount of practical MDM experience. I think that we are probably going to have to stop using these terms and that we’ll need to do it quite soon due to how quickly the market is moving.
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Collibra Catalog leads the field in Dresner’s market survey
Collibra
SEPTEMBER 5, 2019
It’s reaffirming to see that customer priorities align with the founding pillars of Collibra’s approach: governance embedded in the product, enterprise grade capabilities and scalability. Data Intelligence relies on governance and collaborative frameworks to ensure data sources are trustworthy. The importance of data governance .
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