Banks are exploring the cost and flexibility benefits of cloud-based security services. But to gain the advantages of using outside providers for security, they'll have to boost their vendor management capabilities.
By Mark Herman, Booz Allen Hamilton | July 23, 2013
Data lakes -- massive repositories of information that consolidate structured, unstructured, batched and streaming data into a single table -- could enable integration of different banks' living wills, providing transparency that would help identify hidden risks in the financial system.
New tools are helping banks respond to regulators' demands for better risk management practices. But are they prepared for a host of new capital and regulatory requirements, not to mention emerging risks?
The underbanked population is growing quickly and is adopting mobile-based financial services at an impressive clip, offering a big opportunity to financial institutions that provide a differentiated mobile experience.
Customers are willing to switch banks if offered assurances on the security of their accounts and data, but nearly a third of customers think their bank doesn’t have a process for dealing with fraud cases, a new Infosys study found.
By Avi Rembaum and Daniel Wiley, Check Point Software Technologies | June 25, 2013
To cope with an increased number of large distributed denial of service attacks, banks must not only have plans in place -- they should consider a broad set of defensive tools that combine on-premise technologies and cloud-based scrubbing services.