Trends in Information Systems and Related Compliance Considerations
By Patrick Morin Over the past several years, compliance activities have increased to keep pace with the ever expanding scope of industry regulations. Thankfully, information systems can provide significant help in carrying out regulatory activities and...Taking a Common-Sense Approach to Commercial Loan Stress Testing
By David Etter The initial reaction to reading the above headline from a number of bankers will be: “There’s no common sense involved in stress testing. Why do I need to do it? It’s not applicable to my institution … and even the big banks can’t get it right.”...DFS Sets Rule Template for Bitcoin
New York State, as the first to submit specially tailored rules for virtual currency firms, recognizes that continued public feedback is critical to finalizing the regulatory framework. Roger Ver, a bitcoin business investor, believes that if adopted, the rules will drive bitcoin-based businesses out of New York.
Cyber Security Still More Reactive Than Proactive
JP Morgan Chase and numerous other financial entities were hit with a cyber breach, discovered in July and disclosed in August, at which time the bank estimated that 1 million accounts had been compromised. In early October, the scope of the breach was made public, and an estimated 76 million households and 7 million small businesses were affected.
Social Media Unlikely to Impact Customer Surveys
Bank customers, particularly those of the larger banks, are used to email and phone inquiries asking them about their experience with a recent branch or online transaction. For banks, evaluating the quality of customer contact has become a priority as the role of the bank branch has been supplanted by online transactions.
Three Things You Need to Know to Build an ERM Program
By following three basic principles that cover operation, finance and governance, your institution can create and implement an effective and efficient enterprise risk management program that can stand up to today’s challenges.
Banking on Wealth Management
Small and mid-sized banks across New England are diving into the business of wealth management, competing for customers in a field long dominated by the mega banks.
Trends in Information Systems and Related Compliance Considerations
By Patrick Morin Over the past several years, compliance activities have increased to keep pace with the ever expanding scope of industry regulations. Thankfully, information systems can provide significant help in carrying out regulatory activities and...No Results Found
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Will HeartBleed Convince the Public to Be More Secure?
More shocking than HeartBleed and so many other cybercrime exploits is the following nugget from Verizon’s 2013 Data Breach Investigations Report: “Most point-of-sale breaches could have been prevented if basic steps had been taken to enhance security.”
What are the basic steps that virtually every consumer and corporate computer user could take?