Collibra

JANUARY 18, 2022

The financial services industry has had a longstanding tradition of being at the forefront of adopting new technologies. According to industry experts, approximately 60% of financial institutions will pursue a multi-cloud strategy in order to mitigate long-term risks and prevent vendor lock-in.

Financial Services 52

Financial Services Cloud Artificial Intelligence Government 52

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Customer Experience 75

Customer Experience Financial Services Cloud Compliance 75

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

IBM Big Data Hub

APRIL 22, 2024

Modularity : Deployable architecture follows a modular design pattern, where different components or services are isolated and can be developed, tested and deployed independently. This allows for easier management and reduces the risk of dependencies causing deployment issues.

Cloud 67

Cloud Financial Services Compliance Systems administration 67

IBM Big Data Hub

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. It is important to remember that third- and fourth-party dependencies can open the door to additional levels of risk that must be managed.

Cloud 68

Cloud Financial Services Artificial Intelligence Digital transformation 68

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services , which was designed to help clients focus on their security and compliance postures.

Cloud 84

Cloud Financial Services Security Compliance 84

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 78

Cloud Computer and Electronics Compliance Financial Services 78

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings that were held during November in lieu of taking place during the Fall Meeting.

Insurance 68

Insurance Paper Risk Analytics 68

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 117

Risk Financial Services Insurance Cybersecurity 117

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 68

Cloud Financial Services Compliance Digital transformation 68

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 Summer Meeting was highlighted by the following activities. Under the Revised CFR Model Laws, a “reciprocal jurisdiction” includes (a) a non-U.S.

Insurance 68

Insurance Paper Risk Analytics 68

The Last Watchdog

AUGUST 3, 2023

Lasmaili “We’re fostering a future where persistent FFDUE encryption and secure data visualization are driving industry innovation, fueling growth, and reducing cybersecurity risks, all while ensuring stricter compliance with regulatory requirements,” adds Lasmaili. You can schedule a meeting to meet with our team at [link].

Encryption 100

Encryption Analytics Data Privacy Cybersecurity 100

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. This post summarizes the highlights from this meeting. At the Summer Meeting, the Working Group agreed to expose the Trades Letter for a 45-day comment period.

Insurance 60

Insurance Big data e-Delivery Risk 60

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Adapting policies and procedures to the changing business and risk landscape is necessary. million, second only to healthcare.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Data Matters

JANUARY 20, 2021

Office of the Comptroller of the Currency (OCC) issued its controversial final rule (Rule) 1 to establish a new requirement for covered banks to provide “fair access” to financial services to both natural persons and legal entities.

Access 68

Access Financial Services Marketing Risk 68

Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. Risk management and mitigation. In this post we discuss the operational advantages of a good privacy breach record-keeping program.

Compliance 137

Compliance Privacy Risk Financial Services 137

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. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

Compliance 57

Compliance Risk Government Retail 57

Thales Cloud Protection & Licensing

JANUARY 11, 2023

Security & Compliance for SAP Data in Financial Services. Financial services companies keep some of their most valuable data in SAP applications, triggering the need for both additional security and taking steps toward meeting compliance requirements. The need increases as they move workloads to the cloud.

Compliance 83

Compliance Cloud Security Financial Services 83

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 94

Financial Services Privacy Personal data Marketing 94

IBM Big Data Hub

MAY 9, 2023

Today, AI presents an enormous opportunity to turn data into insights and actions, to help amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. While the promise of AI isn’t guaranteed and may not come easy, adoption is no longer a choice. It is an imperative.

Data science 75

Data science Artificial Intelligence Metadata Compliance 75

IBM Big Data Hub

OCTOBER 4, 2022

Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Manual processes that introduce risk and make it hard to scale. Challenges around managing risk. It is an imperative.

Government 101

Government Artificial Intelligence Metadata Data science 101

Collibra

FEBRUARY 11, 2020

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Exploring third party data relationship risk. For example, in December 2019, Outsourcing and Third Party Risk Management was launched by the Bank of England.

Financial Services 59

Financial Services Digital transformation Personal data Compliance 59

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

Data Matters

MARCH 23, 2020

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

Risk 68

Risk Cloud Compliance Marketing 68

IBM Big Data Hub

JANUARY 12, 2024

Robust encryption, granular access controls and privacy-preserving techniques become imperative to counter the risks of unauthorized data access and use. Jamworks for Business records in-person and online meetings, automatically highlights key sections and generates action items to ensure no important information is lost.

Cloud 101

Cloud Data Privacy Encryption Privacy 101

IBM Big Data Hub

JUNE 26, 2023

Each organization must balance opportunities for value creation with the risks involved. Depending on the business and the use case, if tolerance for risk is low, organizations will find that either building in house or working with a trusted partner will yield better results. What is watsonx.governance?

Retail 69

Retail Compliance Risk Education 69

Data Matters

APRIL 23, 2018

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Aligning cyber risk with corporate strategy.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. NYDFS found that none of the assessments addressed the risks associated with the compromised O365 mailbox.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

The Last Watchdog

MARCH 31, 2020

“The ability to ship software out quickly has become an imperative for almost all businesses, meaning, ‘If you don’t do this, your competitors will, and your business will be at risk,’” he says. Fast-and-risky DevOps has forced a philosophy shift at large companies accustomed to top down decision making.

Security 164

Security Privacy Financial Services Risk 164

IBM Big Data Hub

JANUARY 10, 2024

Financial services: innovate customer experience while keeping sensitive information secure and stay compliant Financial institutions face constant threats to their critical data and financial transactions. Red Hat OpenShift with confidential containers provides a fortified environment for financial services applications.

Security 76

Security Cloud Data Privacy Financial Services 76

Data Protection Report

MARCH 7, 2024

The proposed regulation stated that: “To the maximum extent feasible, the bulk thresholds would be set based on a risk-based assessment that examines threat, vulnerabilities, and consequences as components of risk” (at 24). The regulation also proposes this chart with respect to risk levels and bulk thresholds: (at 25).

Access 57

Access Military Compliance Personal data 57

Collibra

MAY 12, 2023

This method mitigates the risk of ETL failures and guarantees consistency between staging and landing zones. Real life examples One of our clients, a prominent financial services company, provides a compelling example of the benefits of external data quality solutions that target at-rest data.

Financial Services 96

Financial Services Libraries Analytics IT 96

IT Governance

AUGUST 26, 2021

Employees can again meet face-to-face and will feel less isolated, and employers can make sure staff are staying on top of their workload. For example, financial services firms may be worried about employees breaching insider trading laws. There are clear benefits. Addressing technical vulnerabilities.

Compliance 119

Compliance Data breaches Privacy Risk 119

Rocket Software

MAY 27, 2020

When we see those values reflected in other companies from industries as diverse as financial services, healthcare, government, retail, and manufacturing, we want to celebrate them! Today, Sutter Health provides care for more than 3 million Californians and is meeting the challenges of another pandemic. .

Financial Services 59

Financial Services Retail Manufacturing Risk 59

IBM Big Data Hub

SEPTEMBER 20, 2023

Or they can stay on the sidelines and risk missing out on AI’s ability to help agencies more effectively meet their objectives. The goal is to free up time for public employees to engage in high value meetings, creative thinking and meaningful work. The second major focus must be citizen support.

Government 107

Government Artificial Intelligence Privacy Digital transformation 107

Info Source

JULY 6, 2023

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. The financial services institute requests a proof of identity and documentation to ensure that the person qualifies e.g., proof of residence, income etc.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 52

Collibra

JANUARY 27, 2022

Recently I had the opportunity to meet with Mandar Mahajan, one of the Domain Experts on IFRS-17 at Collibra, to get his perspective on the significance of this standard, some of the implementation challenges faced by insurers and how Collibra Data Intelligence Cloud can help accelerate IFRS-17 compliance.

Compliance 52

Compliance Cloud Insurance Metadata 52