Compliance

The most important policy question facing banking, brokerage and insurance companies is putting a framework in place that very quickly defines data ownership rights across the financial value chain.

Norwegian banks have been keenly aware of — and concerned about — the prospect of mobile wallets developed in Silicon Valley affecting their own services. So much so that a group of banks has begun preparing to merge their payments systems into one platform and have it up and running by next August.

Uber’s announcement that it had been hacked in 2016 — resulting in the exposure of 57 million accounts — was shocking. The breach itself did not include payment information, but does that really matter from the consumer's perspective?

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies, a massive breach that the company concealed for more than a year.

The breach that affected more than 143 million Americans has still has credit unions worried, according to new data from NAFCU -- and they're expecting costs to rise as a result.

Hoping to streamline the payment options across Europe, the European Payments Council has launched the SEPA Instant Credit Transfer scheme.

The incident will fuel the debate on Wall Street over whether digital coins are secure enough to enter the mainstream of finance.

Some fintechs argue that banks are selectively working with only certain third parties in sharing information and violating the spirit of the CFPB’s data-sharing principles.

Deciding how far to go to protect customers is a complex issue, but one that the industry should address soon as phishing attacks continue to mount.

Facebook's introduction of mobile payments in the U.K. and France is accompanied by the complexity of having to adapt as Brexit unwinds the U.K. from the European Union.