This bill could ‘turbocharge’ financial regulators’ analytics
The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.
Report: CFPB should assess risks to cloud systems before their deployment
The system went unnamed in the Federal Reserve OIG's evaluation, but it supports the bureau's Consumer Response Call Center.
System that tracks federal debt needs security fixes, GAO says
As part of its annual audit of the Schedules of Federal Debt — essentially the Treasury's register of what the government owes to its creditors — the GAO also looks at the associated IT.
Global financial messaging system SWIFT hires cybersecurity firms
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, a global messaging service relied on by banks for international money transfers, has hired two large cybersecurity vendors and launched threat intelligence sharing and forensic analysis services for its customers, it announced Monday.
Fed releases plan for improving payment system speed and security
The value of noncash payments made every year in the U.S. amounts to more than $174 trillion. Now the Fed thinks it's time to upgrade the payment infrastructure for speed and security.