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BNY Mellon banks on AI to improve master data

CIO Business Intelligence

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines.

Banking 141
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UBS Acquires Credit Suisse: A Trust Crisis That Continues To Unravel

Forrester IT

While each theme deserves its own analysis, the sum of these events provides a crisp example of how the bank undermined the very definition of trust that ultimately caused its collapse. Here, we discuss the implications of the “rescue” of Credit Suisse by UBS.

Banking 195
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The Definitive Guide to Digital Banking Platforms

Dataconomy

Did you doze off and miss the digital banking revolution? If so, here is your indispensable guide to choosing a digital banking platform The innovative nature of the financial services industry calls for constantly introducing new solutions to the market. Nowadays, implementing digital banking platform is a must, and should.

Banking 69
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Startups and investors relieved after U.S. vows to fully protect Silicon Valley Bank deposits

GeekWire

Silicon Valley Bank worked with many of the Seattle region’s startups. financial system following the bank’s sudden downfall. financial system following the bank’s sudden downfall. financial markets, and lingering frustration about the way Silicon Valley Bank imploded. “I’m very grateful.

Banking 98
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Convert PDF to Excel: The Definitive Guide

Galido

Information Technology Blog - - Convert PDF to Excel: The Definitive Guide - Information Technology Blog. All of us very often receive financial information in PDFs : nicely formatted and easy to read tables (just think about the bank statements that you receive from your bank once a month). Go ahead and try it.

Budget 94
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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 72
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Should Companies Terminate Third Party Vendors That Cause a Data Breach?

CTOvision

Lazzarotti says that third-party vendors pose a definitive data breach risk on Lexology : According to reports, bank customers in Australia (yes, data breach notification requirements exist down under) have been affected by “an industry-wide” data breach experienced by a third-party service provider to the banks – property valuation firm, LandMark (..)

Data 194