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

CIO Business Intelligence

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

Banking 119
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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

Therefore, the FFIEC provides guidance on financial regulations and best practices for federal supervisory agencies, as well as helping them develop exam policies for banks, savings associations, credit unions, thrifts, and other financial institutions.

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CIOs Help Banks Prepare For The End Of The World

The Accidental Successful CIO

CIOs at banks have a great deal to worry about. As though this wasn’t bad enough, every bank is connected to every other bank. What this means is that if something bad happened to a connected bank, then your bank could also suffer. Preparing For The End Of The World In Banking.

Banking 141
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Apple’s new App Store guidelines put scammers and bounty hunters on notice

The Verge

ix) Apps that provide services in highly-regulated fields (such as banking and financial services, healthcare, gambling, legal cannabis use , and air travel) or that require sensitive user information should be submitted by a legal entity that provides the services, and not by an individual developer. Illustration by William Joel / The Verge.

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6 African tech companies transforming the KYC landscape

CIO Business Intelligence

KYC guidelines, including government regulations, are meant to prevent unlawful access to the banking system and typically include anti-money laundering requirements such as verification of customers’ identity, and assessing their risk factors. KYC protocols also are used by a variety of companies to prevent fraud and theft.

Company 98
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Did RBI ban Paytm in India?

Dataconomy

The Reserve Bank of India (RBI) put restrictions on Paytm’s banking arm, Paytm Payments Bank Ltd. It is crucial to understand why RBI acted and what it means for Paytm and digital banking. PPBL), encountered restrictions from the Reserve Bank of India (RBI) Did RBI ban Paytm in India?

Banking 41
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Fed Tech Roundup August 3

CTOvision

Banks And Insurance Companies Aware Of Cyber Risks: Opportunities Remain To Become More Resilient. DISA updates draft cloud security guidelines - GCN.com. Help Us Add Resources to the Updated Mobile User Experience Guidelines! Chinese-Originated Hack Potentially Compromised UConn Research and Personal Data - Nextgov.

Insurance 150