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New Cyber Incident Reporting Rules for U.S. Banks

SecureWorld News

At the same time, banking organizations are a growing target for cyberattacks. One study by Trend Micro reported a 1,318% rise in ransomware attacks targeting banks in the first half of 2021. Many banks will have just a day and a half to report cyber incidents, under a new rule that will go into effect on May 1, 2022.

Banking 80
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Accelerating innovation with cloud-native apps on Microsoft Cloud

CIO Business Intelligence

The financial services sector is undergoing rapid change as fintechs develop convenient, consumer-focused services that were once the province of traditional banks. A modern bank must have an agile, open, and intelligent systems architecture to deliver the digital services today’s consumers want.

Cloud 136
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Banking and financial software development: Features and requirements

Dataconomy

The development of banking and financial software is essential to the banking sector’s digital transformation. Banks and other financial organizations may simplify operations, boost security, and provide clients with better services thanks to these software solutions. Multiple account types (savings, checking, etc.),

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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

Banking 52
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What are some anticipated blockchain trends that are expected to dominate in 2023?

Dataconomy

Image credit ) Which are the top blockchain trends? Private blockchain Rather than using current blockchain networks, a lot of companies are building their private blockchain for their specific use of theirs. Cryptocurrencies Cryptocurrency utilizes blockchain technology to keep transactional data in the peer-to-peer network of its.

Trends 41
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Cybersecurity: A vertical industry application?

Network World

Generic security requirements will remain forever, but I see a burgeoning trend transforming cybersecurity from a set of horizontal technologies to a vertical industry application. bank demands language skills and business process and regulatory knowledge that isn’t applicable for attacking banks in France or Germany.

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Money Matters: CMS CIO Pushkal Tenjerla on digital revolution in cash management systems

CIO Business Intelligence

With a deeply penetrated network of ATMs and cash distribution services across India at over 150,000 business commerce points, CMS Info Systems runs India’s omnipresent ATMs across nearly 97% districts. As soon as we pick it up, it is akin to the cash having been deposited in the bank for our customer. Get your hands dirty.

System 98