Technology and banking share a long history. The rapid growth over the past 20 years in adoption of technology for front and back office operations in banks of all sizes is well documented.
A new series of CSBS papers will describe the various business segments within the nonbank industry, explain how they are currently licensed and supervised by state financial regulators, and discuss issues affecting regulatory changes going forward
Washington, DC – Twenty-three states have committed to a multistate agreement that standardizes key elements of the licensing process for money transmitters and other money services businesses (MSB). The original agreement included seven states in February 2018. The agreement: One state regulatory department reviews common licensing requirements – business plan; direct and indirect owners, including background checks; financial information and
Director of the Washington State Department of Financial Institutions and CSBS Non-depository Supervisory Committee Charlie Clark testified on fintech regulation before the House Task Force on Financial Technology.
Resources Cybersecurity Resources Disaster Recovery Sheltered Harbor Frameworks The Center for Internet Security’s (CIS) 20 Critical Security Controls The National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) Information Sharing The Center for Internet Security (CIS) Controls Self-Assessment Tool (CSAT) The Financial Services Information Sharing and Analysis Center (FS-ISAC) Federal Financial Institutions Examination Council (FFIEC) The National Cybersecurity Alliance
Privacy Notice CSBS Privacy Notice 1 Introduction The Conference of State Bank Supervisors, State Regulatory Registry (“SRR”), and CSBS Education Foundation (“CSBSEF”), (collectively, “CSBS”), have a duty to protect and minimize exposure of personal information – a duty CSBS takes very seriously. This Privacy Notice (“Notice”) covers CSBS’ practices for collecting and processing personal information about individuals including but not