The Australian financial services regulator, the Australian Prudential Regulation Authority (APRA), has provided its most substantial guidance on generative AI to date in Member Therese McCarthy Hockey’s remarks to the AFIA Risk Summit 2024. The guidance gives a green light for banks, insurance companies, and superannuation funds to …
The Australian Prudential Regulation Authority (APRA) has established the CPS 230 Operational Risk Management standard to verify that regulated entities are resilient to operational risks and disruptions. CPS 230 requires regulated financial entities to effectively manage their operational risks, maintain critical operations during disruptions, and manage the risks associated …
In this blog post, I dive into a cross-Region replication (CRR) solution for card payment keys, with a specific focus on the powerful capabilities of AWS Payment Cryptography, showing how your card payment keys can be securely transported and stored. In today’s digital landscape, where online transactions have …
On November 1, 2023, the New York State Department of Financial Services (NYDFS) issued its Second Amendment (the Amendment) to its Cybersecurity Requirements for Financial Services Companies adopted in 2017, published within Section 500 of 23 NYCRR 500 (the Cybersecurity Requirements; the Cybersecurity Requirements as amended by the Amendment …
Amazon Web Services (AWS) has released a new whitepaper to help financial services customers in Canada accelerate their use of the AWS Cloud. The new AWS User Guide for Federally Regulated Financial Institutions in Canada helps AWS customers navigate the regulatory expectations of the Office of the Superintendent of …
Amazon Web Services (AWS) is pleased to announce that AWS Payment Cryptography is certified for Payment Card Industry Personal Identification Number (PCI PIN) version 3.1 and as a PCI Point-to-Point Encryption (P2PE) version 3.1 Decryption Component. With Payment Cryptography, your payment processing applications can use payment hardware …