PORTLAND, Me. – Identity Corps Inc. said last week it has introduced a new system that helps credit unions, banks, insurance companies and brokerage houses monitor the Internet for hacked or stolen corporate or customer data. The company’s IDENTI-FI relies on patent-pending Privacy ProBot technology to analyze data in real-time for an institution’s unique information patterns and data signatures that may indicate mass data theft or customer identity theft. IDENTI-FI monitors the financial Internet’s ‘Undernet’ continuously to help protect a credit union’s or bank’s information, name and brand from the growing number of attacks form phishers, malware and identity thieves. Privacy ProBot searches hundreds of thousands of public and private electronic databases as well as the so-called Internet underground, or Undernet, to proactively identify potential security breaches and offer remedial options.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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