Finance

The Financial Services Industry Is Experiencing Record High Breach Costs, a Zero Trust Security Model is the Solution 1

The Financial Services Industry Is Experiencing Record High Breach Costs, a Zero Trust Security Model is the Solution

By Corey Hamilton, Global Financial Services Leader, Security Services at IBM Financial services institutions are some the heaviest investors and users of security controls, largely driven by stringent regulatory and compliance requirements. As a result, this sector has elevated itself to one of the most secure verticals in the world. However, these organizations remain a …

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Financial Sector Assessment Program-Technical Note-The Determinants of Bank Profitability

Germany: Financial Sector Assessment Program-Technical Note-The Determinants of Bank Profitability Publication Date: August 16, 2022 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Summary: German bank profitability is low by international standards. Although German banks rank …

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Inflation Reduction Act is a 'rising tide for the entire electric vehicle industry': Analyst

Inflation Reduction Act is a ‘rising tide for the entire electric vehicle industry’: Analyst

Later today at the White House, President Joe Biden will put the final touches on a major win for his administration, signing the Inflation Reduction Act (IRA) into law. Within the $700 billion package are huge investments in new climate initiatives, such as rebate programs for energy efficient appliances and retrofits, production tax credits, and …

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Securities finance latest news | Global securities lending revenues rise 6% YoY during H1

Global securities lending revenues rose 6 per cent YoY during H1 2022 to US$4.8 billion, driven by elevated levels of volatility, according to recent data from EquiLend. The US-based securities finance trading, post-trade and market data specialist reported record volumes over Q2 2022 on its NGT trading platform, with trades executed on NGT rising 14 …

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CIT Serves as Lead Arranger on $53 Million Financing for Washington-BWI Industrial Properties

CIT Serves as Lead Arranger on $53 Million Financing for Washington-BWI Industrial Properties

NEW YORK, Aug. 16, 2022 /PRNewswire/ — CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties. The borrower, Aminim Group, acquired the portfolio of properties, which are located in the busy Baltimore-Washington DC …

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TenureX partners with TM Group to deliver correspondent-banking-as-a-Service to Nordic's financial services sector

TenureX partners with TM Group to deliver correspondent-banking-as-a-Service to Nordic’s financial services sector

Another major milestone passed as TenureX targets ambitious international expansion TEL AVIV, Israel, Aug. 16, 2022 /PRNewswire/ — TenureXthe Israeli start-up that is fixing the broken correspondent banking industry, today announces a new partnership with TM Groupthe technology management and integration experts providing trading, compliance, control rooms, and automation software to the financial services industry. …

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Jackson Joins CIT's Equipment Finance-Industrial Business as VP and Business Development Officer

Jackson Joins CIT’s Equipment Finance-Industrial Business as VP and Business Development Officer

Diana Jackson joined CIT’s equipment finance-industrial business as a vice president and national business development officer. In this role, Jackson will be responsible for developing and maintaining vendor programs with OEM’s and very large dealers in the construction, transportation, material handling and manufacturing sectors. She will report to Harold Ray, who leads the industrial business …

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Artificial intelligence use poses an ESG headache for global financial industry |  Thomson Reuters Regulatory Intelligence and Compliance Learning

Artificial intelligence use poses an ESG headache for global financial industry | Thomson Reuters Regulatory Intelligence and Compliance Learning

Artificial intelligence (AI) is often touted as the cure-all for financial services firms’ ability to deal with the looming data onslaught stemming from environmental, social & governance (ESG) regulation. Yet ESG also poses an existential threat to the financial services industry’s use of AI The European Union’s Sustainable Finance Disclosure Regulation has required asset management …

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Energy Management Market in Agriculture Industry to Reach Value of US$ 275.9 Mn by 2031, States TMR Study

Energy Management Market in Agriculture Industry to Reach Value of US$ 275.9 Mn by 2031, States TMR Study

The energy management market in agriculture industry is projected to expand at a CAGR of 4.7% during 2022 to 2031 Surge in investments toward energy efficiency by governments of several nations globally is boosting the market growth Increase in the use of advanced agriculture technologies in North America is propelling the regional market WILMINGTON, Del., …

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