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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. Additionally, the Council collects consumer financial data from these institutions and makes it available to aid in risk management, consumer protection and policy making.

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Embracing sustainable IT unlocks environmental, business, and financial benefits

CIO Business Intelligence

Cegal’s results include achieving a sustainable IT lifecycle model, a 58% improvement in data delivery speed, an 80-90% reduction in data center footprint, and near-100% uptime for business-critical applications. Dell recycles the remaining five percent in adherence with local regulatory guidelines. “It

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Fostering Innovation at Discover Financial Services

CIO Business Intelligence

At Discover® Financial Services, it lies at the heart of the company’s business goals and growth. Innovation is about modernization, it’s about optimization,” said Dan Gisolfi, Distinguished Engineer, Head of Innovation and Intellectual Property at Discover Financial Services. Innovation has a different meaning for every organization.

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Zhixiaobao 2.0: A possible leap in financial AI

Dataconomy

• Quick take: Ant Group aims to redefine financial advising and insurance services with the introduction of a specialized Large Language Model (LLM) and its customer-centric app, Zhixiaobao 2.0. are designed to provide targeted, highly accurate advice to both financial professionals and everyday consumers. Zhixiaobao 2.0

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Emergent Risks in 2019 Facing Financial Services

Galido

Information Technology Blog - - Emergent Risks in 2019 Facing Financial Services - Information Technology Blog. The security of financial information has always been a cause for concern. The data that the financial industry collects grows vastly every year. The preferred form of storage for financial data is in the cloud.

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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO Business Intelligence

The regulations streamline how entities who handle customer banking information will secure their systems and share details within protected application program interfaces. The Operational Guidelines for Open Banking in Nigeria published by the CBN stress that customer data security is critical for the safety of the open banking model.

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The new CIO mandate: Selling AI to employees

CIO Business Intelligence

As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. AI-enabled smartphones, those containing chips powerful enough to run AI applications, are already coming to the market.

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