Fed, SEC need more consistent blockchain coordination, GAO says
Priority open recommendations from the watchdog ding the financial regulators for lacking consistency in mechanisms to identify and respond to blockchain risks.
Advertisement
Federal Reserve
IBM envisions government, private sector uses for new AI ‘nutrition label’ tool
Watsonx.governance can help organizations manage their AI uses to meet coming regulations and monitor for issues, IBM said Tuesday.
China allegedly tapped computers and phones of Fed employee, Sen. Portman says in report
Lawmakers say the Fed must do more to secure its systems from overseas interference.
Government needs digital identity infrastructure now more than ever
Financial institutions might be best positioned to deliver it.
This bill could ‘turbocharge’ financial regulators’ analytics
The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.
Report: CFPB should assess risks to cloud systems before their deployment
The system went unnamed in the Federal Reserve OIG's evaluation, but it supports the bureau's Consumer Response Call Center.
Advertisement
System that tracks federal debt needs security fixes, GAO says
As part of its annual audit of the Schedules of Federal Debt — essentially the Treasury's register of what the government owes to its creditors — the…
Global financial messaging system SWIFT hires cybersecurity firms
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, a global messaging service relied on by banks for international money transfers, has hired two large cybersecurity vendors…
Fed releases plan for improving payment system speed and security
The value of noncash payments made every year in the U.S. amounts to more than $174 trillion. Now the Fed thinks it's time to upgrade the payment…
Agencies lay groundwork to make data more valuable
Chief data officers are helping federal agencies make government data cleaner, more accessible and ultimately independent of the systems they were created on.