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Regulators Say US Bank Cybersecurity Oversight Needs Streamlining

PYMNTS

Regulators say cyberattacks could cause havoc to financial systems, crashing payment systems, exposing confidential customer data and generally posing a threat to the banking industry, which relies much more heavily on data than it used to. Cybersecurity regulators want a similar approach. “At

Banking 53
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Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

They are roughly equivalent to the “No Worries” persona PYMNTS/Unifund wrote in about in the last edition of its Financial Invisibles Report. By and large, both Experian and PYMNTS data concludes, they are well served by traditional credit scoring mechanisms and services. They just don’t have a credit history yet.”.

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Can FinTech Walk The FinTalk?

PYMNTS

In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans. Tech and a great user experience alone didn’t turn out to be a great way to sidestep the merits of using good, old-fashioned credit, risk and lending models to do it. The issues at IBM run far deeper.

Banking 73
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Transcript: Rick Rieder

Barry Ritholtz

Was that something you were planning on doing or — RIEDER: No. But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. RIEDER: — and let the system do what it’s going to do.