Data privacy regs abroad put even finest digital tools to the test
Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle. ... Read full article
News Topic: Data governance
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Security isn't banks' only hang-up about moving to cloud
Liability for missteps by vendors, jurisdictional headaches tied to locations of servers and legacy technology are other potential impediments. ... Read full article
Are customers getting enough control over their data?
Andres Wolberg-Stok at Citi and Sam Taussig at Kabbage debate openness, privacy, control, and how much say consumers should have over their banking information. ... Read full article
JPMorgan invites white-hat hackers to security team
Crowdsourced cybersecurity is making inroads into the world of big banks, even though there is a risk bad actors will exploit the opportunity. ... Read full article
Banks’ data collection efforts lacking; CFPB, JPMorgan offer advice
Banks need dedicated teams to shore up digital compliance efforts, officials at SourceMedia’s RegTech 2018 conference said. ... Read full article
Who’s on the hook for a hack? Aggregators team up on answer
A new set of principles by Envestnet’s Yodlee, Quovo and Morningstar's ByAllAccounts aims to settle a much-debated issue in data sharing: which party is liable when a hack occurs. ... Read full article