Banking in the cloud: Mitigating the regulatory and security risks
As Treasury plans to take a number of steps to assist financial institutions in reducing risk from the operational disruption of cloud services, banks can do a lot on their own.
Browsing: Third-party risk
How banks are using middleware to advance innovation
Legacy technology continues to hamper banks, but new middleware solutions can help banks onboard promising new technology without replacing their entire tech stacks.
Fed’s Bowman calls for greater regulator scrutiny of outsourced banking services
As banks become increasingly reliant on third-party service providers, Federal Reserve Governor Michelle Bowman said bank regulators should “consider the appropriateness of shifting the regulatory burden from community banks to more efficiently focus directly on service providers.”
Head in the clouds
What’s next for ensuring the resilience of the critically important cloud service provider sector?
Staving off tech litigation with smarter contracts
Contracts are risk-management tools, especially as millions of dollars in liability—and the bank’s reputation and customer relationships—can be at stake.
FSOC report warns of vulnerabilities in CRE, residential mortgage markets
Economic uncertainty and rising borrowing costs have increased risk in both the residential and commercial real estate sectors, which could increase risks to U.S. financial stability, the Financial Stability Oversight Council warned in its annual report.
Banking industry is strong, but economic warning signs remain, OCC report says
Banks remain well capitalized and with ample liquidity and sound credit quality, “although macroeconomic headwinds are a concern,” according to the Office of the Comptroller of the Currency’s Semiannual Risk Perspective report for fall 2022 issued today.
New incident response regulation clarifies, but the key is materiality
‘One of the hardest parts of this rule is trying to understand where the balance is.’
Marketing Money Podcast: Partnering with vendors to serve your bank
Vendors are becoming a bigger focus for banks in multiple areas.
Reimagining the banking experience with enhanced connectivity
The networking infrastructure found in many banks is not built to handle remote workforces, multiple video meetings or online banking.