banking

Federal banking regulator to launch financial technology office

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The Office of the Comptroller of the Currency will appoint a chief financial technology officer.

FDIC breached more than 50 times between 2015 and 2016

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The agency took more than 9 months in most cases to notify victims they may be affected.

Senators urge global action on cyber bank robbers

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U.S. President Barack Obama should raise the issue of online bank robberies and other cyberattacks on the worldwide financial system at the upcoming G20 gathering of global leaders in China, six democratic senators urged this week.

Big banks join UBS on blockchain plan

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Three of the world's largest banks have joined with UBS in its plan to use blockchain to document and secure interbank settlements, underlining the transformative potential of the new encrypted distributed ledger technology.

Survey: Consumer fears on cybersecurity slowing mobile banking growth

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Just over a third of consumers in the U.S. and U.K. say they don't use mobile banking applications, and just under a third say they never will. Nearly three quarters of the hold-outs blame fears about poor security, according to a new survey.

Bank regulators briefed on Treasury-led cyber drill

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Federal and state financial regulators have been briefed on the results of the latest Treasury-led cybersecurity exercise, which explored the risk of a banking system collapse resulting from a cyberattack.

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