The changing face of cybersecurity as data sharing and pooling gain traction, CIO News, ET CIO

By Rahul Singh The risk to data in the financial services industry continues to multiply. A recent trend further aggravates the threat. This trend is interesting because it harnesses the power of sharing and pooling data from a variety of sources. Shared and pooled data presents a remarkable and growing opportunity for data theft. Indeed, … Read more

Global stocks mixed after US retail data offset rate fears | Health, Medicine and Fitness

By JOE McDONALD – AP Business Writer BEIJING (AP) — Global stock markets were mixed and Wall Street futures were down on Wednesday after positive U.S. retail sales data helped offset concerns the Federal Reserve may be considering new rate hikes to calm inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced, while Shanghai … Read more

The DFPI is oddly named “Office Of The Office” – Financial Services

May 16, 2022 Allen Matkins Leck Gamble Mallory & Natsis LLP To print this article, all you need to do is be registered or log in to Mondaq.com. In 2021, the California Department of Financial Protection and Innovation created the Office of the Ombudsman [sic]. According to the Department, the purpose of the … Read more

US FHFA Joins Network for Greening the Financial System – Financial Services

To print this article, all you need to do is be registered or log in to Mondaq.com. On May 11, 2022, the United States Federal Housing Finance Agency (“FHFA”) announced that it had joined the Network of Central Banks and Supervisors for Greening the Financial System (“NGFS”).1 The FHFA is the latest US … Read more

Cadwalader Corner Q&A: Raphael Mokades from Rare Recruitment – Financial Services

May 13, 2022 Cadwalader, Wickersham & Taft LLP To print this article, all you need to do is be registered or log in to Mondaq.com. Raphael Mokades is the Founder and Managing Director of Rare, an award-winning leader in diversity graduate recruitment. Rare works with over 80 of the world’s most prestigious employers, with a … Read more

CFPB reiterates that the ECOA applies after the granting of the loan – Financial Services

To print this article, all you need to do is be registered or log in to Mondaq.com. On May 9, 2022, the CFPB issued an advisory opinion setting out its position that the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, extend beyond the credit seekers to include those who received credit. … Read more

Financial Advisor Glossary: ​​Terms You Need to Know When Shopping for an Advisor

CFA. Trustee. RIA. These terms are not exactly self-explanatory. But when it comes to finding a financial advisor, you’ll be better equipped if you know the industry jargon and what’s behind a slew of acronyms. So we’ve put together a handy glossary of fundamental financial advisor terminology and definitions that will help you master the … Read more

CFPB Strengthens Legal Basis for Oversight of Discrimination in Loan Servicing – Financial Services

To print this article, all you need to do is be registered or log in to Mondaq.com. On May 9, 2022, the Consumer Financial Protection Bureau issued an advisory opinion stating that the Equal Credit Opportunity Act’s discrimination prohibitions protect borrowers in all aspects of a credit transaction, including with regard to account … Read more

These startups offer value chain solutions and financial services to farmers

Agriculture plays a vital role in the Indian economy and is estimated to contribute nearly 18% of India’s GDP. The government’s efforts to stimulate availability of credit and credit market facilities, improve investments and promote infrastructure development in the sector have not gone unnoticed. And although it has moved from a traditional agricultural sector to … Read more

Truist Financial Acquires Long Game Gamified Fintech Startup

Financial truist Corp. operator of one of the nation’s largest commercial banks, has invested in gaming technology by acquiring Long Game Savings Inc., maker of a mobile app that rewards users for their savings. The deal, led by Truist Ventures, the bank’s venture capital arm based in Charlotte, North Carolina, includes Long Game’s team of … Read more