Banking Risk and Regulation

2 days ago | bankingriskandregulation.com | David Whitehouse

By David Whitehouse A new state-sanctioned cyber hacking centre in North Korea highlights the need for Western banks to scrutinise their third-party vendors, a common entry point for attackers, say experts. In March, the Democratic People’s Republic of Korea’s leader, Kim Jong Un, ordered the creation of a 24/7 military-run cyber ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.

3 days ago | bankingriskandregulation.com | John Crowley

By John Crowley Regulation may be the most effective tool for banks’ security teams to get the C-suite to invest in quantum resilience. IBM’s cloud risk and controls leader calls rules a powerful “ally” and lever to get boardroom backing and resources. However, Santander’s global head of cybersecurity research urges vendors to be ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.

3 days ago | bankingriskandregulation.com | Francesca Washtell

By Francesca Washtell Financial institutions should adopt “closed” AI systems if they are not already doing so, or face potentially “huge” regulatory fines, advise experts. The alternatives? Third-party models, which risk customers’ data privacy, or, worse, banning generative AI entirely and tempting “shadow” use by overworked employees looking for shortcuts. Financial ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.

5 days ago | bankingriskandregulation.com | John Crowley

By John Crowley New research claims that banks in the EU are set to lose millions in interest income when they roll out instant payments later this year. Many are staying a step ahead by turning to AI to help comply with the SEPA Instant Payments Regulation before the October deadline. ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight. Invitations to attend exclusive roundtables and events. Already a subscriber?

6 days ago | bankingriskandregulation.com | Farah Khalique

By Farah Khalique Austria’s central bank is installing up to 120 ATMs in ‘cashless’ rural areas as EU lawmakers continue to delay legislation securing the status of physical money. Other countries, including the Netherlands, Sweden and Finland, are also taking concrete steps to preserve cash amid rising geopolitical tensions. The move, ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.