Are your disjointed banking processes alienating customers and attracting compliance penalties?

Newgen Software

The post Are your disjointed banking processes alienating customers and attracting compliance penalties? Related posts: Central Processing Centers: Adding New Dimensions to Banking Services. Customers have Options, Banks don’t…. Banking Legacy System Alert! Bankin

“Comply, you must comply!” – How Nordea Bank deals with regulatory compliance


Regulatory compliance, like death and taxes, is something that is mandatory and the cost of doing business in the financial services industry. How banks deal with regulatory compliance is actually changing for the better. With big data platforms, like ones based on open source software, banks can more effectively adapt to and quickly manage the wave of rules coming at them.

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The Digital Banking Customer Experience is more Important than Ever

Cloudera Engineering

The importance of digital banking and electronic commerce has proven all the more important during the pandemic. A recent McKinsey report , pre-COVID 19 outbreak, revealed that retail digital banking acceptance was already high.

ForgeRock Launches Sandbox-as-a-Service for Open Banking and PSD2 Compliance

Cloud-based Testing Environment for APIs Enables Banks to Accelerate Compliance with Open Banking and PSD2 Deadlines LONDON – March 18, 2019 – ForgeRock®, the leading platform provider of digital identity management solutions, today announced the availability of a new Sandbox-as-a-Service, designed to help banks achieve compliance with Open Banking and the Revised Payment Service Directive (PSD2). […].

Compliance as Code and Applied DevOps

Dzone - DevOps

Compliance as code is an important form of applied DevOps. For example, banks use DevOps to deploy applications to help improve compliance and insurance companies want applications that they can derive insights from. You may also enjoy: Towards Compliance as Code.

Top Lessons for Banks from the COVID-19 Crisis

Newgen Software

The post Top Lessons for Banks from the COVID-19 Crisis appeared first on Newgen Software. Related posts: Customers have Options, Banks don’t…. Scrabble Strategy for Banks – Tips for Earning Customer Retention. 3 Disruptive Ideas Banks Can Take from Tesla Model 3.

Is Your Bank Ready to Navigate the Open Banking Crossroads?

Newgen Software

What implications does open banking have and how prepared is your bank to adapt with these evolving technologies. The post Is Your Bank Ready to Navigate the Open Banking Crossroads? Related posts: Central Processing Centers: Adding New Dimensions to Banking Services.

Regulatory Compliance and Red Hat Security

Linux Academy

Virtually every industry, from healthcare to banking and everything in between, has rules for how businesses handle data. Failure to meet regulatory compliance spells serious trouble for your business. Compliance scanning. Here are a few steps you can take to meet regulatory compliance in your organization: System Auditing. To meet regulatory compliance, your organization needs an auditing process. Compliance Scanning.

Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Benefits of Blockchain in banking. Source: Banking on Blockchain. Intra-bank cross-border payments.

Can regulation achieve a harmonized, transparent, and innovative open-banking ecosystem?


The EU’s Revised Payment Services Directive (PSD2) was just the beginning of several open banking initiatives, worldwide, that encourage the use of application programming interfaces (APIs) by third parties to build innovative financial products based on incumbent banks’ customer data.

Open Banking and Financial APIs: How to Integrate Your Company with the Digital Financial Ecosystem


Bank secrecy, security terms, the lack of trust in technology, and strict regulations slow down industry development from the tech perspective. What is open banking and how is it related to bank APIs. As we mentioned, the technology behind open banking is using APIs.

National Bank Readies Itself for the Rise of the Robots


These bots, if not managed properly, can open enterprises to increased security and regulatory compliance risks. Count this national bank in that group. To achieve this, this bank is relying on SailPoint IdentityIQ to manage access requests for RPA identities.

Staying Complaint as Compliance Moves Out of the Office

N2Growth Blog

Thanks at least in part to the banking scandals over the past few years, Reuters has recently reported that bank compliance teams are increasingly scrutinizing outside the office activities like social outings to bars and the like.

How One of The Netherlands’ Largest Banks Came to CI/CD

The New Stack

Wiebe de Roos , a continuous integration/continuous deployment (CI/CD) consultant and engineer for ABN Amro , one of The Netherlands largest banks with over 22,000 employees, joined the company when the bank was beginning its shift to CI/CD through its DevOps/ DevSecOps initiative.

Automating Security Compliance with Ansible: DevSecOps made Easy


Facing the Challenge of Compliance. Obtaining compliance represented potentially hundreds of changes that we might have to make to harden our infrastructure. Path to Compliance: Identify, Repair, Test. We are currently building a product for clients at the Department of Defense.

Banking Industry Leverages the Power of SaaS-based Identity to Scale


This New England bank has grown 200% in the last three years causing their employee count to quadruple. At the time, they were a $600 million bank and this year just surpassed $4 billion in federal and private loan consolidation.

SSL/TLS Decryption Can Help with GDPR Compliance

Palo Alto Networks

You might be surprised to learn that SSL decryption can be a valuable tool for protecting data in compliance with the European Union’s General Data Protection Regulation (GDPR), when applied according to best practices. A Plan for SSL Decryption and GDPR Compliance.

Handling the Governance Risk and Compliance Albatross as it Comes


It is calculated on the unsecured overnight rates banks charge other financial organizations daily. These rates are submitted by 15 global banks, administered by the Intercontinental Exchange (ICE) and overseen by the UK regulatory body Financial Conduct Authority (FCA).

Embracing the Journey to Public Cloud

In this sector, the digital-first companies typically don’t compete with banks and other […]. Blogs Cloud Management Infrastructure/Networking IT as Code cloud cloud migration compliance digital disruptors digital transformation fail fast public cloud

Cloud 90

CCPA, GDPR and Beyond: How Data Loss Prevention Can Help with Compliance

Palo Alto Networks

It’s also a good time to consider investing in technologies that help make it easier to manage compliance. . Failure to maintain compliance with these regulations can result in serious penalties, reputational damage, and possibly private rights of action.

7 Uses for Robotic Process Automation in the Lending Industry


Today’s lending landscape continues to grow more and more complex, with increasing customer expectations, compliance requirements, and competing technologies.

Crash Course: Spam Text Messages, Fraud and TCPA Compliance


If you actually had an account with the bank, they would likely message you from a recognized number or through a separate app. Best practices for TCPA compliance. The post Crash Course: Spam Text Messages, Fraud and TCPA Compliance appeared first on Zipwhip.

In Conversation with Gautam Samanta, Global Head of Banking and Financial Services, NIIT Technologies


Edited Excerpts: NIIT Technologies: Banking is no longer what it used to be. Banks are literally on wheels and go to wherever customers are through ATMs, PoS, Digital wallets, online banking and mobile banking vans instead of customers lining up in front of overworked counters in a traditional physical bank. What challenges are banks facing in converting these trends into sustainable vectors of strategic growth?

AML: Past, Present and Future Part I


This year, Paul Manafort, a former presidential campaign manager, was found guilty on eight counts of tax and bank fraud, with additional charges of money laundering still pending trial. Security, Risk, and Compliance AML anti-money-laundering Big Data compliance financial services finserv

Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly Media - Ideas

Compliance staff ensure there are specific processes in place for model owners and risk-control staff. Continue reading Managing machine learning in the enterprise: Lessons from banking and health care A look at how guidelines from regulated industries can help shape your ML strategy.

Register for Our Webinar: How to Minimize Legal Risk When Texting Customers


PST to learn the ins and outs of the Telephone Consumer Protection Act (TCPA) and best practices for compliance. The key differences for insurance, banking and auto companies. Remember, guidance from experienced counsel is essential to ensure compliance. .

AML: Past, Present and Future – Part III


With Cloudera Enterprise, our customers have been able to: Integrate AML data from dozens of bank branches globally, amounting to 10s of millions of transactions per day, while saving millions of dollars per year compared to scaling the legacy implementation.

7 Regulations Requiring Identity and Access Management Compliance


Businesses in today’s global marketplace face a number of daunting obstacles including rapidly changing technology, marketing to a global audience, and regulatory compliance. Let’s look at seven regulations requiring identity and access management compliance.

Managing Access Requests and Segregation of Duties Compliance


Using the built-in dashboards to monitor compliance with internal controls becomes overwhelming as users request access to additional resources. What is Segregation of Duties (SOD) compliance risk? Why does the access request process increase compliance risk?

Meet the newest Data Superheros: The Sixth Annual Data Impact Awards Finalists Are…


Commonwealth Bank of Australia. United Overseas Bank Group (UOB). Customer Analytics Events IoT / Connected Products Machine Learning Partners Security, Risk, and Compliance Success Stories analytics cloudera customer 360 internet of things machine learning partners

Rate reform is coming. Are financial services firms ready?


Banking & Capital Markets UK & Ireland regulatory complianceThe London Interbank Offered Rate (LIBOR) serves as the benchmark reference rate for a wide range of wholesale and retail financial products, and for decades it has served as one of the most important benchmarks in the financial industry. But a series of scandals regarding IBOR manipulations has prompted financial regulatory authorities to replace LIBOR […].

Taking out the threat from the inside


Whether it’s a rogue trader in a bank or brokerage or someone illegally sharing company intellectual property or intelligence, illegal insider actions put enterprises at risk of losing millions. The worst thing about an inside job is that once it’s detected, it’s usually too late.

Cybersecurity in our Connected Future


The bank that executes your transactions? IoT / Connected Products Security, Risk, and Compliance cybersecurity defense DoD Federal government IoT public sectorAccording to expert analysis , there will be more than 20 billion internet-connected devices by 2020.

The HSBC CIO And The Money Laundering Problem

The Accidental Successful CIO

banks. sanctions its staff was accused of stripping data from financial transactions that the bank was doing with nations that it was not supposed to be dealing with: Iran, Libya, and Sudan. Clearly things had gotten out of control and the bank agreed to clean things up.

Part 1 of the How to Establish a Financial Relationship with a.

Women on Business

RPA and AI: Bringing Process Automation to the Next Level

Daffodil Software

According to Deloitte , “RPA continues to meet and exceed expectations across multiple dimensions including improved compliance (92%) , improved quality/accuracy (90%) , improved productivity (86%) and cost reduction (59%).”

Cybera Makes a Strong Case for Accelerating Your IT Refresh Cycle

Dell EMC

We take it for granted that our experience at the gas station, grocery store, bank, or doctor’s office always offers fast, easy, and secure transactions, as well as readily available inventory and immediate updates to loyalty points.