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
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 t
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
The recent issuance of Interpretive Letter 1183 by the Office of the Comptroller of the Currency (OCC) has introduced a pivotal change in the regulatory framework governing national banks and their engagement with cryptocurrency activities. This letter represents a significant shift in federal bank
