Compliance

The Trump administration is currently reviewing a soon-to-be-released proposal on consumer financial data rights.

The fintech's network lets banks and fintechs share results of KYC and KYB checks, known bad-actor lists and other customer information. A key use case: helping sponsor banks monitor their fintech partners' compliance with banking regulations.

Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.

CISA's updated standard asks vendors for every component in their software, including borrowed code. Two researchers say today's tools can't produce it.

A new survey found artificial intelligence was a top compliance-related priority for 85% of firms responding, while cybersecurity was only a concern for 37%.

The policies most community banks rely on for cyber liability, fidelity bonds and directors and officers insurance are full of overlapping exclusions, restrictive coverage sublimits and vague specifications. That can become an expensive problem.

Only 13% of scams reach federal agencies. The rest land at banks and payment apps, making them the country's de facto scam-reporting system.

The DTCC piloted a tokenized version of its stock-settlement system. But the real future of trading has to involve currency, not just securities.

The class action is an early test of whether credit unions can hold their vendors liable for the cybersecurity they promise.