Compliance

Can Your Bank of America Account Be Canceled Due to Inactivity?
Regulatory & Compliance Can Your Bank of America Account Be Canceled Due to Inactivity?

Priya Jaiswal is a recognized authority in Banking, Business, and Finance, with extensive expertise in market analysis, portfolio management, and international business trends. Today, we delve into topics surrounding Bank of America's policy on inactive accounts and its implications for

Can FCA's Open Finance Strategy Transform UK Financial Services?
Trends & Future Can FCA's Open Finance Strategy Transform UK Financial Services?

The Financial Conduct Authority (FCA) has embarked on a transformative five-year strategy aimed at revolutionizing the financial services landscape in the United Kingdom. Launched in March, the strategy's focus on Open Finance is poised to reshape how financial data is shared and used across

EAC Implements Masterplan to Enhance Cross-Border Payments Integration
Digital & Technology EAC Implements Masterplan to Enhance Cross-Border Payments Integration

The East African Community (EAC) has embarked on a transformative journey aimed at enhancing cross-border payments within the region. This initiative is encapsulated in the validation of the Regional Cross-Border Payment System Masterplan, a strategic blueprint designed to improve the speed,

Navigating Regulatory Compliance Amid Financial Industry Changes
Regulatory & Compliance Navigating Regulatory Compliance Amid Financial Industry Changes

Financial institutions today face a formidable challenge: constantly evolving regulations that create a landscape of uncertainty and complexity. Changes within the regulatory bodies, such as the Consumer Financial Protection Bureau (CFPB), exemplify the dynamic nature of the industry. Despite these

Western Alliance Bank Data Breach Affects 22,000 Customers
Capital, Risk & Assets Western Alliance Bank Data Breach Affects 22,000 Customers

A significant data breach has rocked Western Alliance Bank, affecting approximately 22,000 of its customers due to a vulnerability within a third-party vendor’s file transfer software. Sensitive personal information such as customer names, Social Security numbers, dates of birth, financial account d

Innovative Data Science Solution Enhances Banking Risk Management
Capital, Risk & Assets Innovative Data Science Solution Enhances Banking Risk Management

The contemporary financial landscape presents numerous challenges, particularly when balancing innovation with effective risk management. One significant stride was made by Archana Pattabhi in 2021 when she developed a data science solution for managing end-user computing (EUC) risks at a global

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