What is FFIEC compliance?
In this WhatIs.com podcast you'll learn about FFIEC's attempt to modernize existing banking practices in the context of new online threats like phishing. Assistant Site Editor Alex Howard interviewed Patrick Audley, the CTO of risk-adaptive software provider Cogneto. Topics covered: how implementation of FFIEC recommendations changes the way customers use a bank; the difference between single-factor and multiple-factor authentication; whether a fingerprint, iris scanner, or voice-recognition system is sufficient under FFIEC guidance; how dynamic reporting decreases the incidence of fraud and what real-time risk analysis is; whether there are penalties for non-compliance; and where the majority of funds are stolen in phishing attacks.
Topics: ffiec, compliance, fintech-regulation, multi-factor-authentication, phishing, real-time-risk-analysis
Permalink: https://patrickaudley.com/podcasts/ffiec-compliance.html · Download MP3