Banking Archives - Plato AiStream V2.1

Understanding the Security Implications of Cybersquatting in the Banking Industry Following SVB

Source Node: https://platodata.network/platowire/understanding-the-security-implications-of-cybersquatting-in-the-banking-industry-following-svb/

Time Stamp: April 6, 2023 4:48 PM - Modified On: April 6, 2023 - Published By:

Source Cluster:

Republished By Plato

Financial Group's Lawsuit Cybersquatting is a practice that involves registering domain names that are similar or identical to existing trademarks or brand names with the intention of profiting from the confusion that may arise among internet users. This practice has become increasingly common in recent years, particularly in the banking industry, where cybercriminals seek to exploit the trust that customers place in financial institutions. One recent case that highlights the security implications of cybersquatting in the banking industry is the lawsuit filed by SVB Financial Group against a group of

Understanding the Implications of the Digital Dollar and Concerns Surrounding Transaction-Monitoring

Source Node: https://platodata.network/platowire/understanding-the-implications-of-the-digital-dollar-and-concerns-surrounding-transaction-monitoring/

Time Stamp: April 5, 2023 12:31 PM - Modified On: April 5, 2023 - Published By:

Source Cluster:

Republished By Plato

In recent years, the concept of a digital dollar has gained traction in the United States. A digital dollar would be a digital version of the US dollar that could be used for transactions and payments, much like physical cash. While there are potential benefits to a digital dollar, there are also concerns surrounding transaction-monitoring and privacy.One of the primary benefits of a digital dollar is increased efficiency and convenience. Digital dollars could be used for transactions online and in-person, eliminating the need for physical cash and reducing the risk

How Machine Learning is Assisting Banks in Pinpointing the Root Cause of Call Center Complaints

Source Node: https://platodata.network/platowire/how-machine-learning-is-assisting-banks-in-pinpointing-the-root-cause-of-call-center-complaints/

Time Stamp: March 31, 2023 4:53 PM - Modified On: March 31, 2023 - Published By:

Source Cluster:

Republished By Plato

Machine learning is a rapidly growing field that is transforming the way businesses operate. One area where machine learning is making a significant impact is in the banking industry. Banks are using machine learning to improve their customer service by pinpointing the root cause of call center complaints.Call centers are an essential part of the banking industry. They are the first point of contact for customers who have questions or concerns about their accounts. However, call centers can also be a source of frustration for customers if their issues are

A Comprehensive List of European Startup Funding Rounds for the Week of March 20-24: A Weekly Round-up

Source Node: https://platodata.network/platowire/a-comprehensive-list-of-european-startup-funding-rounds-for-the-week-of-march-20-24-a-weekly-round-up/

Time Stamp: March 24, 2023 12:38 PM - Modified On: March 24, 2023 - Published By:

Source Cluster:

Republished By Plato

The European startup ecosystem is thriving, with new companies emerging every week. However, starting a business can be challenging, especially when it comes to securing funding. Fortunately, there are many investors and venture capitalists who are willing to invest in promising startups. To help entrepreneurs stay up-to-date on the latest funding rounds, we have compiled a comprehensive list of European startup funding rounds for the week of March 20-24.1. Manna raises €5 million in seed fundingManna, an Irish drone delivery company, has raised €5 million in seed funding. The funding

Federal Reserve Acknowledges Inadequate Oversight of SVB Collapse

Source Node: https://platodata.network/platowire/federal-reserve-acknowledges-inadequate-oversight-of-svb-collapse/

Time Stamp: March 24, 2023 5:28 AM - Modified On: March 24, 2023 - Published By:

Source Cluster:

Republished By Plato

The Federal Reserve has recently acknowledged its inadequate oversight of the collapse of Silicon Valley Bank (SVB) in 2020. The collapse of SVB, a small California-based bank, was caused by a combination of factors, including poor management and risky lending practices. However, the Federal Reserve's failure to properly supervise the bank's operations also played a significant role in its downfall.SVB was a small bank with assets of around $500 million, making it a relatively minor player in the banking industry. However, it had a significant presence in the technology sector,

Federal Reserve Acknowledges Lack of Oversight in SVB Collapse

Source Node: https://platodata.network/platowire/federal-reserve-acknowledges-lack-of-oversight-in-svb-collapse/

Time Stamp: March 24, 2023 5:28 AM - Modified On: March 24, 2023 - Published By:

Source Cluster:

Republished By Plato

The Federal Reserve has recently acknowledged that it lacked proper oversight in the collapse of Silicon Valley Bank (SVB), a California-based bank that specializes in serving technology and venture capital firms. The collapse of SVB in 2020 was a significant event that sent shockwaves through the financial industry, and the Federal Reserve’s admission of its lack of oversight has raised concerns about the effectiveness of regulatory bodies in preventing similar collapses in the future.SVB was founded in 1983 and quickly became a prominent player in the technology banking sector. The

“Alert: 450 Financial Institutions Worldwide at Risk of Targeted Android Malware Attack”

Source Node: https://platodata.network/platowire/alert-450-financial-institutions-worldwide-at-risk-of-targeted-android-malware-attack/

Time Stamp: March 23, 2023 5:30 PM - Modified On: March 23, 2023 - Published By:

Source Cluster:

Republished By Plato

In recent years, mobile devices have become an integral part of our lives. We use them for communication, entertainment, and even financial transactions. However, with the increasing use of mobile devices, the risk of cyber attacks has also increased. Recently, a new threat has emerged in the form of targeted Android malware attacks on financial institutions worldwide.According to a report by cybersecurity firm Check Point, over 450 financial institutions across the world are at risk of being targeted by a new strain of Android malware called "EventBot." This malware is

US Officials Discuss the Possibility of Increasing Deposit Insurance Coverage

Source Node: https://zephyrnet.com/us-officials-consider-expanding-deposit-insurance-coverage/

Time Stamp: March 22, 2023 5:13 AM - Modified On: March 22, 2023 - Published By:

Source Cluster:

Published by Plato

In the wake of the 2008 financial crisis, US officials are discussing the possibility of increasing deposit insurance coverage. Deposit insurance is a type of insurance that protects depositors in case their bank fails. Currently, the Federal Deposit Insurance Corporation (FDIC) provides deposit insurance coverage up to $250,000 per depositor, per insured bank.The idea of increasing deposit insurance coverage has gained traction in recent years, as many people are still wary of the banking system after the financial crisis. The FDIC has been advocating for an increase in deposit insurance

US Officials Contemplate Extending Deposit Insurance Coverage to More Accounts

Source Node: https://zephyrnet.com/us-officials-consider-expanding-deposit-insurance-coverage/

Time Stamp: March 22, 2023 5:13 AM - Modified On: March 22, 2023 - Published By:

Source Cluster:

Published by Plato

US Officials Contemplate Extending Deposit Insurance Coverage to More AccountsDeposit insurance coverage is a crucial aspect of the banking system that provides protection to depositors in the event of a bank failure. The Federal Deposit Insurance Corporation (FDIC) is the primary agency responsible for insuring deposits in US banks and thrift institutions. The FDIC provides coverage of up to $250,000 per depositor, per insured bank, for each account ownership category. However, there are certain types of accounts that are not covered by FDIC insurance, such as trust accounts and business

Report: Australian Regulator Mandates Banks to Disclose their Exposure to Startups and Crypto-Related Businesses

Source Node: https://zephyrnet.com/australian-regulator-tells-banks-to-report-exposure-to-startups-and-crypto-related-business-report/

Time Stamp: March 22, 2023 2:00 AM - Modified On: March 22, 2023 - Published By:

Source Cluster:

Published by Plato

The Australian Prudential Regulation Authority (APRA) has mandated banks to disclose their exposure to startups and crypto-related businesses. This move is aimed at ensuring that banks are aware of the risks associated with these types of businesses and can take appropriate measures to manage them.The report, which was released in November 2020, requires banks to provide detailed information on their exposure to startups and crypto-related businesses. This includes information on the size of their exposure, the nature of the business, and any risks associated with it.The move comes as the

Report: Australian Regulator Requires Banks to Disclose Exposure to Startups and Crypto-Related Businesses

Source Node: https://zephyrnet.com/australian-regulator-tells-banks-to-report-exposure-to-startups-and-crypto-related-business-report/

Time Stamp: March 22, 2023 2:00 AM - Modified On: March 22, 2023 - Published By:

Source Cluster:

Published by Plato

The Australian Prudential Regulation Authority (APRA) has recently released a report requiring banks to disclose their exposure to startups and crypto-related businesses. This move is aimed at increasing transparency and reducing the risks associated with investing in these types of businesses.The report, titled "Information Paper: Credit Risk Management Practices and Accounting for Expected Credit Losses," highlights the need for banks to have a clear understanding of the risks associated with lending to startups and crypto-related businesses. It also emphasizes the importance of disclosing this information to investors and regulators.Startups and

Upcoming Fintech Statistics to Look Out for Between 2023 and 2025

Source Node: https://zephyrnet.com/some-exciting-fintech-stats-2023-2025/

Time Stamp: March 21, 2023 6:24 PM - Modified On: March 21, 2023 - Published By:

Source Cluster:

Published by Plato

The fintech industry has been rapidly growing in recent years, and it shows no signs of slowing down. As we approach the year 2023, there are several upcoming fintech statistics that are worth keeping an eye on. These statistics will provide valuable insights into the future of the industry and help businesses and investors make informed decisions.1. Mobile Payments Will Continue to RiseMobile payments have been on the rise for several years, and this trend is expected to continue between 2023 and 2025. According to a report by Statista, the

Banking

Understanding the Implications of the Digital Dollar and Concerns Surrounding Transaction-Monitoring

How Machine Learning is Assisting Banks in Pinpointing the Root Cause of Call Center Complaints

Federal Reserve Acknowledges Inadequate Oversight of SVB Collapse

Federal Reserve Acknowledges Lack of Oversight in SVB Collapse

US Officials Discuss the Possibility of Increasing Deposit Insurance Coverage

US Officials Contemplate Extending Deposit Insurance Coverage to More Accounts

Upcoming Fintech Statistics to Look Out for Between 2023 and 2025

About Us

Vertical Search & Ai

Platform

Stay Connected

Account