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.

Financial Services 68

Financial Services Paper Marketing Privacy 68

AIIM

OCTOBER 22, 2019

Despite technology, most companies continue to struggle to manage the burden of paper in many important business processes. Also known as “capture,” this capability is characterized by the ability to scan paper documents to store and use them in digital form instead of paper. What is Scan and Store? And why is it important?

Paper 90

Paper Computer and Electronics Access Archiving 90

Data Protection Report

APRIL 23, 2024

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

Financial Services 45

Financial Services IT Marketing Retail 45

Hunton Privacy

MARCH 13, 2019

On March 8, 2019, the Centre for Information Policy Leadership (“CIPL”) at Hunton Andrews Kurth LLP issued a white paper on Regulatory Sandboxes in Data Protection: Constructive Engagement and Innovative Regulation in Practice (the “White Paper”).

Paper 75

Paper Financial Services Personal data IT 75

DLA Piper Privacy Matters

MARCH 31, 2023

On 29 March 2023 the Government published the long-awaited white paper (“ Paper ”) setting out how the UK anticipates it will achieve the first, and most important, of these goals – the creation of a blueprint for future governance and regulation of AI in the UK. The Paper is open for consultation until 21 June 2023.

Artificial Intelligence 40

Artificial Intelligence Paper Government Risk 40

Gimmal

FEBRUARY 9, 2021

In an AIIM survey, 66% of people reported that paper use in their organization wasn't declining - in fact, 42% said that paper use was increasing. For some industries, the need for paper records is not only preferred; it is essential. However, this is not the case.

Records Management 98

Records Management Paper Financial Services Risk 98

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

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. The Clock is Ticking for PCI DSS 4.0 Requirement 3.2

Compliance 77

Compliance Financial Services Data breaches Encryption 77

AIIM

MAY 6, 2020

Another strong factor that is particularly relevant to the digital mailroom application is improved customer service due to the immediate accessibility of incoming correspondence. This is particularly important in government, financial services, utility, and legal sectors. Route it to the appropriate department. IT Department.

Paper 144

Paper Digital transformation Financial Services Records Management 144

Data Protection Report

MAY 24, 2024

Background – white paper response on the UK’s approach to AI regulation In February 2024, the UK Department for Science, Innovation, and Technology (DSIT) set out the government’s proposed approach to AI regulation. These principles (the Principles) are: Safety, security and robustness. Appropriate transparency and explainability.

Government 45

Government Risk Marketing Paper 45

Info Source

FEBRUARY 12, 2024

With the pace of digitisation picking up in industries such as education, healthcare, legal, financial services, and logistics, multifunction printers and scanners will also experience strong sales. This category will pick up some slack for office automation vendors and resellers as paper volumes decline in the years ahead.

Financial Services 40

Financial Services Marketing Digital transformation Sales 40

DLA Piper Privacy Matters

MARCH 3, 2023

Author: Sarah Birkett Cyber Security Strategy discussion paper launched This week saw the launch of a discussion paper for the Australian Government’s 2023-2030 Australian Cyber Security Strategy. The discussion paper refers to the lofty aim of making Australia the most cyber secure nation by 2030.

Data breaches 52

Data breaches Security Paper Financial Services 52

Security Affairs

DECEMBER 10, 2023

billion personal records compromised by data breaches in past two years — underscoring need for end‑to‑end encryption Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, newsletter)

Security 86

Security Ransomware Data breaches Phishing 86

Info Source

JULY 6, 2023

These inputs arrive through different channels in different formats, a significant portion often as paper documents. t starts with the prospect, who has researched alternatives based on her/his specific needs selecting a financial services provider and type of loan and submitting a request.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 52

Rocket Software

AUGUST 17, 2020

Financial services organizations typically experience the most data breaches and hacks, which makes security a priority. In an office setting, this can be done easily through a paper form. Benefits for Financial Services. Depending on what industry you’re in, your approach to security may be very different.

Authentication 52

Authentication Financial Services Passwords Insurance 52

Armstrong Archives

DECEMBER 18, 2023

At Armstrong Archives , we’re here to help you navigate the transition into the digital age while still maintaining your essential paper files. This creates the challenge of how to bridge the gap between paper and digital records and what this transition should look like.

Archiving 52

Archiving Paper Records Management Compliance 52

The Security Ledger

MARCH 26, 2021

But these days, hardware supply chain security affects a wide range of companies – not just technology giants like Intel or cloud computing providers like Amazon and Google, but banks and financial services companies, healthcare companies, consumer electronics firms and more. What’s a company to do?

Computer and Electronics 52

Computer and Electronics Financial Services Risk Paper 52

Info Source

FEBRUARY 2, 2021

In 2020, KnowledgeLake also transitioned to an entirely channel-driven sales strategy, establishing a robust network of channel partners with expertise in implementation and professional services for customers in financial services, manufacturing, government, education, and other key segments. . “

Cloud 59

Cloud ECM Financial Services Manufacturing 59

Data Matters

DECEMBER 4, 2019

However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context. In July, the UK Financial Conduct Authority (FCA) published a policy statement setting out its “Guidance on Cryptoassets” ( PS19/22 ).

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Data Matters

DECEMBER 4, 2019

However, because of the potential to facilitate near-instant messaging, clearing and settlement, blockchain and cryptoassets have a particularly promising potential in a financial services context. In July, the UK Financial Conduct Authority (FCA) published a policy statement setting out its “Guidance on Cryptoassets” ( PS19/22 ).

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Thales Cloud Protection & Licensing

JANUARY 10, 2024

As stated by the International Association of Privacy Professional ( IAPP ) critical sectors such as financial services are therefore conspicuously excluded, leaving organizations without a clear pathway to data protection compliance and potentially exposing them to significant risks. But does it really?

Data Privacy 83

Data Privacy Personal data Privacy Cloud 83

Krebs on Security

OCTOBER 24, 2019

Steve Friedl , an IT consultant in the payroll service bureau industry, said the Cachet announcement has sent payroll providers scrambling to cut and mail or courier paper checks to client employees. But on Oct. 23 — less than 24 hours before another weekly payroll rush — Pasadena, Calif. But on Oct.

Communications 172

Communications Financial Services Insurance Risk 172

Info Source

AUGUST 21, 2020

RPA is the key to working smarter and f or many organizations – in particular, those most reliant on paper-based processes – has the potential to be truly transformative when used to modernize information and data capture. RPA starts with usable data, which in turn starts with high quality images. Vanilda Grando. “

Information capture 52

Information capture Digital transformation Paper Artificial Intelligence 52

Krebs on Security

DECEMBER 14, 2023

For many years, Ika held a key position at one of Russia’s largest Internet service providers, and his (mostly glowing) reputation as a reliable provider of web hosting to the Russian cybercrime community gave him an encyclopedic knowledge about nearly every major player in that scene at the time.

Computer and Electronics 233

Computer and Electronics Marketing Sales Healthcare 233

IT Governance

APRIL 29, 2024

Known data breached Discord (via Spy.pet) Source (New) IT services USA Yes 4,186,879,104 Baidu, Inc., Source (New) Finance USA Yes 1,955,385 BerryDunn and Reliable Networks Source (New) Finance and IT services USA Yes 1,107,354 VISAV Limited Source (New) IT services UK Yes >1,000,000 Designed Receivable Solutions, Inc.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

Hunton Privacy

OCTOBER 17, 2018

The regulatory sandbox concept is intended to provide a supervised safe space for piloting and testing innovative products, services, business models or delivery mechanisms in the real market, using the personal data of real individuals.

Financial Services 59

Financial Services Paper Personal data Compliance 59

Info Source

SEPTEMBER 15, 2023

Business inputs have increasingly shifted from paper to a variety of digital sources arriving via a broad range of communication channels including email, fax, smart devices, and social media. Inputs can include not only documents and other text-based sources, but also voice, photos, videos, and IoT channels.

Information capture 52

Information capture Marketing Records Management Customer Experience 52

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. As a result of the continuing COVID-19 pandemic, the NAIC once again met in a virtual format. Insurance groups will be exempt from filing a GCC if. state regulatory approach to group supervision and group capital; or.

Insurance 68

Insurance Paper Risk Analytics 68

Data Matters

MARCH 28, 2022

HIPAA and its Standards for the Privacy of Individually Identifiable Health Information (“Privacy Rule”) were released in the 1990s when health records were generally paper-based.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). its Perimeter Guidance Manual (PERG). Temporary COVID Guidance.

Authentication 68

Authentication Paper Risk Insurance 68

Info Source

JUNE 23, 2020

DS-870 and DS-32000 Scanners Accelerate Processes and Digitize Thousands of Paper-Based Documents Quickly. June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. LONG BEACH, Calif.

Paper 52

Paper Retail Access Financial Services 52

Info Source

JUNE 23, 2020

DS-870 and DS-32000 Scanners Accelerate Processes and Digitize Thousands of Paper-Based Documents Quickly. June 18, 2020 – In the current climate, financial institutions must quickly adapt to distance banking practices to ensure employee and customer health and safety. LONG BEACH, Calif.

Paper 52

Paper Retail Access Financial Services 52

The Last Watchdog

FEBRUARY 25, 2019

Added pressure came from having to also meet stringent new data security rules that took shape in the form of Europe’s General Data Protection Regulation, New York state’s Cybersecurity Requirements for Financial Services Companies and California’s Consumer Privacy Act. I found this historical overview to be quite instructive.

Access 169

Access Government Authentication Data breaches 169

Info Source

FEBRUARY 28, 2018

Spotcap is also leading the charge in an emerging trend known as Lending-as-a-Service , offering its full-service lending platform and risk decisioning tools to major institutions, financial or otherwise. How Financial Institutions are Improving Operations with Robotic Process Automation eBook.

Financial Services 40

Financial Services Digital transformation Paper Access 40

Info Source

MARCH 16, 2022

That said, a significant number of transactional business inputs continue to arrive in paper form and need to be digitized before they can be processed, which presents a challenge in a home office environment. In 2022, we expect digital inputs to business transactions to grow over 10%, while paper-based inputs will continue to decline.

Information capture 59

Information capture Marketing Digital transformation Cloud 59

Rocket Software

FEBRUARY 25, 2022

With these new processes in place, many are also starting to see the places where human interactions were papering over inefficiencies. At this point, likely every organization has realized that remote work requires new processes and strategies to accomplish the tasks teams were once doing in person. Minimize Risk and Improve Resiliency.

Compliance 59

Compliance Financial Services Risk Insurance 59

AIIM

JANUARY 10, 2019

Similarly, Know Your Customer applications within financial services are permissioned blockchains and compliance with GDPR may be based on legitimate business interests. GDPR on the other hand is designed to primarily enable data subjects to exercise greater degree of control over the processing of their personal information.

Blockchain 115

Blockchain GDPR Privacy Personal data 115

CGI

DECEMBER 2, 2016

One of the hottest topics at this year’s Sibos conference in Geneva, Switzerland was open APIs (application programming interfaces), and how their introduction is causing concern among some financial institutions, while offering promising opportunities for early adopters. Defining the data dictionary and data model. Why is Uber successful?

Financial Services 40

Financial Services Digital transformation Marketing Data structuring 40