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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

Financial 114
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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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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.

Banking 109
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Seattle-area tech exec pleads guilty in scheme to obtain and launder $5.5M in PPP loans

GeekWire

million in Paycheck Protection Program (PPP) loans and launder the proceeds pled guilty on Monday. submitted at least eight fraudulent PPP loan applications on behalf of six different companies to federally insured financial institutions. A Washington tech executive charged in a scheme to obtain more than $5.5 Acting U.S.

Insurance 120
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Washington state launches center to cater to — and potentially regulate — crypto and fintech companies

GeekWire

Facing explosive growth in NFTs and cryptocurrencies coupled with vague regulations for the wave of new financial technology and investment startups in Washington, the state recently announced a new Center for FinTech Information to warehouse in one place licensing guidelines and regulations.

Company 117
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Demystifying AI: A Guide to Understanding and Leveraging Artificial Intelligence

Eric D. Brown

But to harness these benefits, we must first demystify AI, peeling back the layers to understand its mechanisms, applications, and how it can be integrated into your business model for tangible results. This learning process from data allows machines to perform tasks without being explicitly programmed for every possible scenario.