1147 Results from 2019
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
I had the pleasure of interviewing Dr. Sian Lewin who is currently Head of Client Delivery and Research at RegTech Associates and the Founder of the RegTech Women network. Breana: Thank you so much for doing this with us! Can you tell us a story about what brought you to this specific career path? Dr. Sian: It’s a pleasure! I think when we look ret...
12 February 2019 /ai /regulation Banking Strategy, Digital and Transformation
Robert Siciliano Security Analyst at Safr.me
Gone are the days when hackers would only target retailers. These days, the bad guys an target businesses in any industry, especially those that aren’t quite up on cyber security. The real estate industry is one such group, and according to a recent survey, about half of businesses in the real estate industry are not prepared to handle a cyberatta...
12 February 2019 /security
Retired Member
In 2004, 81 percent businesses used cheques for B2B payments. By 2007, that number fell to 74 percent. In 2016, this number was below 50 percent. Why have businesses stopped using cheques? The reason is electronic payments, such as prepaid. Nearly 80 percent of companies are transitioning their B2B payments from paper cheques to electronic paymen...
12 February 2019 /payments
2018 was an interesting year, with cybersecurity at the forefront in media. We saw dozens of high-profile breaches (e.g., Facebook, Orbitz, MyFitnessPal) and many more low-profile incidents. Cybersecurity preparedness assessments and testing have become a standard cost of doing business. Ransomware is a household term. The EU’s General Data Protec...
12 February 2019 /security /regulation
Carlo R.W. De Meijer Owner and Economist at MIFSA
The world of banking as we know for many years is in a fundamental transformation process, triggered by new technologies. The most important is blockchain that is said to fundamentally change the way financial transactions are handled today. It is forecasted that this technology will have significant consequences on how traditional banks do busin...
12 February 2019 Blockchain Observations
According to a recent report by MarketsandMarkets, the Regtech market is expected to be worth $12.3 billion by 2023. This is driven by an increase in the cost of compliance, as even more regulations are adopted and the requirement for a more streamlined customer experience proves to be more important than ever. Know your customer, anti-money laund...
12 February 2019 /security /regulation Financial Risk Management
I have some concerns around the use of biometrics for online authentication. I know I’m not the only one, and my thoughts are probably not original, but I’m going to need some convincing before I start to see biometrics as the most secure, futureproof way of moving forward. There are some frequently cited concerns around biometrics, mainly around ...
12 February 2019 /security /retail Biometrics
I recently attended Robotex 18 in Tallinn, Estonia, and watched a very interesting talk given by Koen Maris, CTO of Cyber Security at Atos. His talk seemed mildly inspired by Donald Rumsfeld’s quote, “There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do...
12 February 2019 /security Banking Strategy, Digital and Transformation
As we start to see account hacking and data leakage appear more and more in the media, the rise and need for two Factor Authentication, or 2FA, is inevitable if businesses want to retain their customers’ trust. 2FA only denotes the number of factors required to confirm an identity. Often the first factor is a classic password; the type we forget, s...
12 February 2019 /security Online Banking
Another dive into digital identity, following on from two other pieces that aimed to define digital identity itself, and shed light on the importance surrounding the enrolment process. What I want to cover in this short article is the necessity for the individual attached to the digital identity to be the one in control, and to have physical owner...
12 February 2019 /security /retail Online Banking
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