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How Section 1033 could change your approach to open banking
February 6 @ 1:00 pm – 2:00 pm EST
The era of open banking is upon us.
The Consumer Financial Protection Bureau, through the Section 1033 rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is setting a course for how financial data is handled, shared, and protected, thus creating an immediate intersection of IT and cybersecurity.
In this final webinar of our “Navigating Emerging Regulatory and Risk Management Issues” series, we will discuss the far-reaching impacts that the Section 1033 regulation could have for compliance and for how banks and fintechs deliver products and services to their customers in a competitive environment.
You should leave this session with the ability to:
- Describe the Section 1033 rule, its key provisions, and its implications financial services organizations and consumers
- Determine the technological infrastructure required for open banking, including the role of application programming interfaces and the importance of robust cybersecurity measures
- Identify cybersecurity challenges inherent in open banking as well as the best practices and solutions to mitigate related risks
- Explain the importance of data governance and continuous monitoring for compliance with Section 1033 and additional regulatory requirements
Continuing professional education
Advance preparation: None
Prerequisites: None
Program level: Basic
Field of study: Specialized knowledge
Delivery method: Webinar (group internet based)
This session is recommended for 1.0 hour of CPE credit.
There is no fee to participate in this event; therefore, there is no cancellation fee.
Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the presentation. Crowe is unable to grant CPE credit for groups viewing the webinar.
Presenter
Michael Dickey, Financial Services Consulting
Who should attend
Chief compliance officers, chief risk officers, chief information officers, chief information security officers, chief privacy officers, chief technology officers, and compliance executives
Additional information
For additional information on this event, please contact Jonathan Losey.
