3. Regulatory Upheaval: PSD2, Trump, and Beyond If there’s one area looking like a powderkeg for 2017, it’s regulation: anything from European institutions gearing up for the dawn of PSD2, to the potential end of Dodd-Frank, regulatory change has the potential to turn the current financial landscape into something allRead More
Post Tagged with: "data security"
In the Age of Information, companies that have made data their business are getting more competitive as they seek to tame the mountains of available data into useful, actionable insights and answers. The banks have the data. Fintech startups want it, and argue it is better for customers, but of course,Read More
The topic that has been on everyone’s minds this week, aside from the next act in Wells Fargo’s little drama, is cybersecurity. It’s one of those things that businesses of all kinds are constantly thinking about, but only makes a public appearance when something has gone horribly, horribly wrong. LikeRead More
Dwolla, the payments startup, said that it “has never been the company’s intent to mislead anyone,” after the Consumer Financial Protection Bureau slapped it with a fine for its data security. Dwolla offered the explanation after the CFPB hit it with the $100,000 fine. Dwolla is also required to fix its securityRead More
Cyber crime sure does pay, according to a report at Intel Security blogs.mcafee.com. There’s a boom in cyber stores that specialize in selling stolen data. In fact, this is getting so big that different kinds of hot data are being packaged—kind of like going to the supermarket and seeing howRead More
For Apple, privacy means not even securing data, but abstinence from it. What about the rest of the fintech world?
The recent major retail breaches have fueled increased interest by the National Retail Federation to push for implementation of a chip and PIN payment card technology. This would make the magnetic strips on payment cards obsolete and no longer a calling card for hackers. “We’re here today because the questionRead More