Third-Party Risk Management
The Risks Banks Face When Using Third Parties: The Latest Data Breach
In February 2024, a significant data breach occurred at Financial Business and Consumer Solutions...
iKinetiq RegWatch - OCC Enforcement Actions for August
The Office of the Comptroller of the Currency (OCC) has announced its August enforcement actions...
iKinetiq RegWatch - OCC Enforcement Actions for July
The Office of the Comptroller of the Currency (OCC) has announced its July enforcement actions...
Tech Outages and Regulatory Risks: A Wake-up Call for US Banks
On July 19th, the world awoke to a global IT outage caused by a single software update to widely...
Breaking News: BNY Set to Secure Direct Express Contract
This morning, we learned that the US Treasury is expected to award the Direct Express card program...
Examining Comerica Bank's Turmoil: Direct Express Treasury Contract to Slip Away?
Comerica Bank, in the midst of financial and regulatory turbulence, announced last week it may lose...
Breaking News: Citi Hit with $136 Million Fine by Regulators
The OCC's $75 million fine
- Citi fined for failure to meet remediation milestones and to make...
What the Comerica OCC Agreement Means for Banks
On May 23, 2024, the OCC announced that it reached an agreement with Comerica Bank & Trust in which...
MasterCard and Visa use AI to fight Crime
Another Data Breach at a Bank's Third-party Provider
American Banker is reporting another breach of a third-party service provider involving a bank’s...