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Jan 15, 2025 | 
techtrendspost.com | Adam Preis
The evolving digital threat landscape has increased the need for strong operational resilience in financial services. as follows: EU’s Digital Operations Resilience Act (DORA) comes into effect on January 17, 2025, requiring financial service providers to align their ICT systems to DORA’s rigorous standards. This regulation is not just about compliance. This is to protect trust and ensure business continuity.
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Oct 24, 2024 | 
finextra.com | Adam Preis
The Dawn of Open Banking in the U.S.
“The CFPB’s final Section 1033 rule marks a pivotal moment for millions of consumers across the country [U.S.], who, for the first time, have a legally
binding right to access and share access to their financial data,”Steve Boms, Executive Director, FDATA North America.
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Sep 12, 2024 | 
pingidentity.com | Adam Preis
Identity verification is part of the onboarding process for all new customers and clients, and it’s also the first step in any KYC program. Financial institutions need to take the necessary steps to ensure that new customers are who they say they are. Equally important is verifying that the customer’s finances are, indeed, coming from a legitimate source. Otherwise, criminals could easily use the institution’s services to launder money.
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Sep 6, 2024 | 
pingidentity.com | Adam Preis
To further illustrate the benefits of policy-based access control, let’s take a look at how this model addresses some of the vulnerabilities of other common authorization methods. Role-based access control (RBAC), or non-discretionary access control, is a model that bases user access privileges on each individual’s assigned role in the organization.
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Aug 8, 2024 | 
pingidentity.com | Adam Preis
In Asia, Japan, and the Pacific (APJ), the heterogeneity of identity-centric bank and finance regulations distinguishes this region from the rest of the world. Given the many countries and diverse makeup of the region, the regulatory framework is more favorable to innovation and identity plays a more central role in driving such progress.
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Aug 7, 2024 | 
pingidentity.com | Adam Preis
Financial industry regulations in the UK aim to uphold the soundness of the markets, ensure healthy competition, and protect consumers with fair products and services. However, in the post-Brexit environment, UK regulators have pursued new legislation to ensure the industry remains competitive on the global stage–with important implications for consumer identity and authentication standards.
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Jul 17, 2024 | 
finextra.com | Shiv Nanda |Adam Preis |Yahya Mohamed Mao |Jaime Lowe
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
We all know that app development is a challenging cookie to crack. It requires a lot of expertise, technical resources, and funds.
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May 24, 2024 | 
finextra.com | Adam Preis |Bo Harald |Barley Laing |José Pierre
The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the United States reached an estimated 320 billion U.S. dollars as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a
significant increase of over 300 billion U.S. dollars. According to the latest estimates, this dynamic will continue in upcoming years, reaching approximately 1.82 trillion U.S. dollars in cybercrime costs by 2028.
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May 14, 2024 | 
finextra.com | Akhil Rao |Jeremy Boot |Supriya Dahiwelkar |Adam Preis
While I did not go there to work in a bank, I ended up in senior operations and change leadership roles for the lending business of ANZ, one of Australia’s biggest banks, for nine years. What I experienced there has informed how I see technology enabling
transformation and left me considering how Australian banks absorb technology can offer lessons to others.
Australia is a tightly packed market for banking services.
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Apr 30, 2024 | 
finextra.com | Antony Fung |Kate Leaman |Adam Preis
The fleet and mobility payments industry is undergoing a significant transformation driven by technological advancements and the collaboration of major payment providers like Mastercard and Visa. This collaboration brings together the best practices, expertise
and technologies from the retail fuel market and the world of fleet and fuel card management.
One of the central aspects of this transformation is the rise of open-loop fleet systems.
