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  • Blog
    “Closer Together Than Ever”: Charles Drayton With MTC in Chicago Envisions a Future of Connectiveness — But Not Just for Cities
    Charles Drayton, chief technical architect and healthcare and life sciences lead at the Microsoft Technology Center (MTC) in Chicago, wants us all to start looking at the internet differently — not as a “luxury,” but as a “commoditized utility.” Do that, he says, and we can make real progress toward closing some of the income and performance gaps between our cities, suburban areas and rural areas…
  • Blog
    Managing the New Currency: Developing a High-Performing Data Management Organization
    These days, the hot analogy in the analytics industry is that data is the new oil. Like oil, data must be found, extracted, refined and distributed. More companies are investing heavily in cutting-edge technologies like machine learning, artificial intelligence and big data processing to help them harvest, groom and apply data to the correct use case for maximum value. So why, then, in the midst…
  • Blog
    Understanding SWIFT’s 2021 Customer Security Programme and What the Changes Mean
    Building on our guidance from 2020 on the changes to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) Customer Security Programme (CSP) and Customer Security Controls Framework (CSCF), we are now sharing the revisions for 2021. The most notable updates include: 1) the release of an updated CSCF (v2021), and 2) a mandatory requirement to conduct independent assessments on an…
  • Partner
    NetGuardians
    NetGuardians is an award-winning Swiss FinTech helping financial institutions in over 30 countries to fight fraud. More than 80 banks rely on NetGuardians’ smarter artificial-intelligence (AI) solution to prevent fraudulent payments in real time. Banks using NetGuardians’ software have achieved reductions of up to 85 percent in false positives, saved more than 75 percent in operating costs, and…
  • Blog
    Hopes and Concerns for Quantum Computing in Financial Services
    Quantum computing is on the way: Are financial services institutions ready? Protiviti recently teamed with our partner Chicago Quantum Exchange (CQE) to host a half-day workshop for technology executives from seven leading financial institutions with a simple but cutting-edge goal in mind: discuss use cases for quantum computing in the financial services industry (FSI). Quantum computing is…
  • Blog
    Flash Report: President Biden Executive Order to Strengthen U.S. Cybersecurity Will Impact Federal Agencies, Public and Private Sector Organizations
    On May 12, President Joe Biden issued the Executive Order on Improving the Nation’s Cybersecurity. This executive order (EO) is the most recent action by the administration to strengthen U.S. national cyber defenses and address cybersecurity threats and attacks that continue to grow in magnitude, impact and frequency. It is intended to protect networks in the federal, public and private sectors,…
  • Leadership
    John McDermott
    John McDermott is responsible for enhancing and expanding Protiviti’s global risk, compliance, governance, and audit practices within the financial services industry. He provides subject matter expertise from years of personal experience as a Chief Risk Officer, General Counsel, Chief Compliance Officer, and Chief Audit Executive, at 3 large global financial services firms. His experience…
  • Blog
    Microsoft Licensing 101: How to Navigate Microsoft’s Evolving Licensing Models
    It is essential for organizations using Microsoft solutions to stay on top of and understand Microsoft’s licensing terms and pricing changes and get a grasp on how they will affect the organization’s compliance and cost. However, navigating Microsoft licensing can be overwhelming. How do you buy licenses today? How often can changes be made? How should licenses be purchased? No matter the size of…
  • Blog
    6 Tips to Survive Life After Schrems II
    How it started/how it’s going In July 2020, while the world was dealing with the COVID-19 pandemic’s summer surge, the Court of Justice of the European Union (SJEU) issued the Schrems II decision, which declared that the Privacy Shield, one of the primary EU-U.S. personal data transfer mechanisms, was no longer a lawful means of facilitating personal data transfer from the EU to the United States…
  • Blog
    Application Modernization without Disruption
    Plenty of businesses are just fine with home-grown code. Various developers may have contributed to the code base, as reflected in its varying quality and style. Architectures might also be older: a system may run on a thick client or even a mainframe. Some leaders already recognize the advantages of application modernization, but they are daunted by the scope of potential changes it will…
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