The Future of Financial Stability and Cyber Risk

whitePaper | April 30, 2022

As the demand for real-time payments grows, so does the need for financial institutions (FIs) to offer more robust access to faster and more efficient payments. The Clearing House’s (TCH’s) RTP network laid a solid foundation for use cases and connectivity protocols, but some FIs have been waiting for FedNow before deciding how to move forward. FedNow is finally about to launch.

whitePaper | January 2, 2023

As consumer prices and global energy costs edge ever higher, it’s become clear that this bout of inflation isn’t transitory. Economists and business leaders alike agree that supply-chain-driven hikes will persist through the majority of this year at least, with stickier increases around labor possibly becoming permanent.

whitePaper | August 2, 2022

The open banking initiative “connects banks, third-parties and technical providers – enabling them to simply and securely exchange data to their customers’ benefit.”1 These benefits include improved choice for customers, new payment services, as well as more convenient ways to manage their finances online. A core use of the technology is providing digital proof for a future transaction. This can range from proof of funds to proof that debt is being serviced.

whitePaper | March 29, 2022

Recent global developments have created ample opportunities for cybercriminals to take advantage of vulnerable and even traditionally non-vulnerable individuals. The COVID-19 pandemic amplified the use of digital channels for everyday banking, while other services including digital payments, contactless and cashless payments, and buy now pay later (BNPL) services were embraced by consumers around the world. Last year, 93% of consumers used one or more digital payment methods1 , such as Zelle, and made nearly $100 billion in purchases using BNPL services2 . Not to mention government stimulus programs created unusual cash flows that were ripe for the taking by scammers.

whitePaper | May 5, 2020

Have you ever failed a class because of Wikipedia? (We will pass you!) (100) Are you not getting enough sleep because of time on Wikipedia? (9) ...Did you not get ANY sleep last night because of Wikipedia? (100 - we commend you for being that dedicated) Are you sleeping during the day (as of 8 a.m.) because you edited Wikipedia overnight (add overslept time in hours)? (5) Do you forget to think twice before you say something to real people but re-check a hundred times what you have typed in before posting your comment in a talk page? (5) Do you judge people you know offline partly on the basis of their Wikipedia contributions? (6) Do you think quality of contributions to Wikipedia is an important criterion in choosing a partner for a close relationship? (17 and a crash course in dating) Do you subscribe to a Wikimedia mailing list (e.g., WikiEN-l, Wikimedia-l)? (2) ...Do you actually read that mailing list? (20)

whitePaper | January 27, 2022

Automatically generate and post accounting entries from your monthly Payroll files.