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Sifma urges swift passage of Senate cybersecurity legislation

June 10, 2015 - SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr., after Senator Richard Burr offered the Cybersecurity Information Sharing Act (CISA) as an amendment to the National Defense Authorization Act (NDAA):

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Home Depot battles bank and consumer lawsuits over data breach

June 2, 2015 - The legal fallout from Home Depot's data breach continues, with the retail giant asking a court to dismiss a consolidated class action lawsuit filed by consumers just as a collection of financial institutions launch their own suit.

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Swift bids to drive ISO20022 harmonisation

May 20, 2015 - Financial messaging network Swift is working with a host of market infrastructure providers and banks to develop a framework for harmonisation of the ISO20022 standard, amid concerns that a proliferation of different flavours of the protocol will lead to fragmentation.

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Swift Business Forum London Delegates Say Regulation Remains a Top Strategic Priority

May 14, 2015 - SWIFT held its annual Business Forum London on 23 April 2015, where more than 1,100 industry leaders gathered to discuss the latest trends and innovations in financial services. The theme of this year's forum was 'Harnessing change in financial services', and the programme explored how the industry can channel innovation to address challenges such as regulation, the technology revolution, new entrants and changing customer behaviour.

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BIAN finalises Service Landscape 4.0 – a worldwide standard for core banking technology

May 12, 2015 - Independent not-for-profit association, the Banking Industry Architecture Network (BIAN) has completed the development of a globally standardised IT architecture design for banks.

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European lawmakers agree revised Payments Services Directive

May 5, 2015 - European lawmakers have reached an informal agreement on a revised Payment Services Directive (PSD2) designed to boost competition and innovation while improving consumer protections.

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