In response to recent high-profile compromised communications sent through the SWIFT communications network, ABA — together with the Financial Services Information Sharing and Analysis Center and other financial groups — today issued a statement with insight and analysis on the incidents, as well as recommendations for mitigating cyber risks.
Effective July 1, the FDIC will implement the Information Technology Risk Examination (InTREx) program for conducting IT and operations exams.
Several federal agencies today released two new resources developed to inform senior executives at critical infrastructure entities of the threat of ransomware.
In a joint letter with three other financial trade associations today, ABA responded to an FDIC proposal that would require banks with more than 2 million deposit accounts to collect extensive depositor information and develop systems that would allow the FDIC to close the bank and use the bank’s system to make deposit insurance determinations.
When implementing new technology solutions, having a collaborative working relationship with your core provider is crucial.
Three approaches for banks working with marketplace lenders to enhance loan offerings.
Comptroller of the Currency Thomas Curry reaffirmed his agency’s commitment to promoting responsible innovation within the financial industry in a speech at the OCC’s Responsible Innovation Forum today in Washington.
Changes associated with new financial technology and generational transitions are an exciting opportunity for banks, ABA President and CEO Rob Nichols said in an American Banker op-ed today.
In its annual report and during its public session yesterday, the Financial Stability Oversight Council trained scrutiny on the potential risks posed by the growing use of new financial products and delivery mechanisms, including marketplace lending and distributed ledger or blockchain technology.
ABA — through its Corporation for American Banking subsidiary — announced today that it has endorsed Rippleshot’s automated card compromise detection platform.