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
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
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
The global financial crisis of 2007–2008 and ongoing bank turmoil have underscored the need for effective bank supervision to maintain financial stability. Traditional compliance-based supervision, which penalizes regulatory non-compliance after the fact, is insufficient. Regulators are now moving
In an era of digital transformation, businesses are in constant search for solutions that enhance operational efficiency and safeguard data security. DNB Financial Group has made a significant stride in this direction by launching an innovative AI-powered enterprise software. This groundbreaking
The article "Commercial Bank of Ceylon: Resilience and Innovation in Challenging Times" delves into the strategic initiatives and responses by the Commercial Bank of Ceylon (CBC), Sri Lanka's largest private sector bank, under CEO Sanath Manatunge. By focusing on maintaining asset quality,
