NeoScale Systems Inc. reported that credit unions have been contracting for its CryptoStor Tapes for encryption of member data.
NeoScale's CryptoStor Tapes can automatically create encryption keys, distribute them off-site, archive them safely for years, share them with approved sources, and delete them when necessary.
Credit unions are using the systems to protect member data against the loss or theft of back-up tapes, insider attacks or disgruntled employees.
The payment company's CEO says it's developing and shipping products faster despite cutting nearly half of its staff. It's a strategy he says can be replicated at other businesses.
Although many advisors choose to leave Wall Street mainstays in favor of firms offering greater independence, some find they're still most at home at another wirehouse. Just ask Todd Hatfield.
Expanding fintech charters and workforce shrinking across the Fed, OCC, and FDIC require financial services leaders to assume the role of technical auditor to protect against systemic contagion.
Whether or not the CLARITY Act becomes law, cryptos have a problem protecting assets, and that problem is not going away.
The Trump administration is currently reviewing a soon-to-be-released proposal on consumer financial data rights.
The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.
