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New York State Department of Financial Services Challenges OCC Authority on Fintech Charters

Data Matters

On July 31, 2018, the U.S. 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. Prior OCC Publications. DFS’s Prior Complaint.

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Who’s Behind the ‘Web Listings’ Mail Scam?

Krebs on Security

In December 2018, KrebsOnSecurity looked at how dozens of U.S. after receiving what looked like a bill for search engine optimization (SEO) services rendered on behalf of their domain names. The missives appear to be an $85 bill for an “annual search engine listing” service. Since at least 2007, Web Listings Inc.

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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. The Task Force aims to complete the white paper by the fall of 2018. This post summarizes the highlights from this meeting.

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Sibos 2018 – a whirlwind tour of my week down under

CGI

Sibos 2018 – a whirlwind tour of my week down under. Tue, 12/18/2018 - 04:55. CDR formally gives customers ownership of their data and makes switching easier between financial institutions and various product categories/types. Information asymmetries’ are a pervasive feature of banking and financial markets.

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Digital Banking Trends Survey Identifies Robotic Process Automation Software as a Promising New Technology

Info Source

The 2018 Financial Services Industry Survey Report confirms numerous compliance functions, from initial inquires through customer off-boarding, as key challenges for financial institutions, with 91% citing the “time/cost required from concept to reality” and 86% pointing to “budget constraints” as primary impediments.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

We’ll start with the top 10 overall and then look at other noteworthy startups in a number of markets. Startup Est Headquarters Staff Funding Funding Type Abnormal Security 2018 San Francisco, CA 261 $74.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 Series A Perimeter 81 2018 Tel Aviv, Israel 159 $65.0

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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. Xzavyer Clemente Narvaez was arrested Aug. miles away from 360 Yosemite Drive in Tracy, CA.