Basel Committee Debuts Credit Risk Guidelines for Banks

Basel Committee Debuts Credit Risk Guidelines for Banks
Basel Committee Debuts Credit Risk Guidelines for Banks
December 11, 2024  |  Banking

A global banking watchdog introduced new guidelines covering counterparty credit risk (CCR) management. The regulations issued by the Basel Committee on Banking Supervision replace the...

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Business Infrastructure Under Siege as Cybercriminals Target Data Transfer Points
Business Infrastructure Under Siege as Cybercriminals Target Data Transfer Points
December 11, 2024  |  Cybersecurity

The cornerstones of modern businesses are under attack. With the news Monday (Dec. 9) that cybercriminals, alleged to be from the ransomware group Termite, are...

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Macy’s Strategy Shows Promise With Focus on Omnichannel Shoppers
Macy’s Strategy Shows Promise With Focus on Omnichannel Shoppers
December 11, 2024  |  Earnings

Will Macy’s Bold New Chapter strategy be enough to save the iconic company and return it to profitable growth? Macy’s is facing a challenging period...

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Report: Google Asks FTC to End Microsoft-OpenAI Cloud Deal
Report: Google Asks FTC to End Microsoft-OpenAI Cloud Deal
December 11, 2024  |  Legal & Regulation

Google reportedly asked the Federal Trade Commission (FTC) to end Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers. The company did so...

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Visa Teams With WhiteBIT to Offer Crypto-Focused Debit Card
Visa Teams With WhiteBIT to Offer Crypto-Focused Debit Card
December 11, 2024  |  Partnerships

European cryptocurrency exchange WhiteBIT launched a debit card partnership with Visa. The collaboration centers around WhiteBIT Nova, which WhiteBIT described in a Wednesday (Dec. 11)...

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Santander Appoints PayPal Veteran to Head Digital Consumer Bank
Santander Appoints PayPal Veteran to Head Digital Consumer Bank
December 11, 2024  |  Personnel

Banco Santander has appointed PayPal veteran Nitin Prabhu as its global head of Digital Consumer Bank (DCB). In this role as head of one of the bank’s five...

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Wells Fargo CEO More Confident in Bank’s Compliance Controls
Wells Fargo CEO More Confident in Bank’s Compliance Controls
December 11, 2024  |  Bank Regulation

Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. Charlie Scharf’s comments, as reported Wednesday (Dec. 11) by...

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Klarna Opens Pay-Later Offerings to Canadian Apple Pay Users
Klarna Opens Pay-Later Offerings to Canadian Apple Pay Users
December 11, 2024  |  BNPL

Klarna says its pay later options are now available to Apple Pay users in Canada. The Swedish payments company announced the new integration Wednesday (Dec....

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Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
December 11, 2024  |  Cybersecurity

Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology improves fraud detection and prevents real-time scams by learning...

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