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Department of Financial Protection and Innovation

The state Department of Financial Protection and Innovation is looking for candidates with the ability to communicate effectively; compile data; and analyze, summarize and present findings to stakeholders including vendors as well as management teams.
The California Department of Financial Protection and Innovation says the companies claimed to use AI and other tools in its investment pitch. Authorities described the ploy as a multilevel marketing arrangement.
Investments in instructional technology are on the rise at California’s university systems, and IT funding is in place for a big move at the California Labor and Workforce Development Agency, among other initiatives in this year’s state budget.
Elected officials in the state Senate and Assembly will consider several pieces of cybersecurity legislation when they return from summer recess in August.
The scammers, pretending to represent DFPI and the Canadian Securities Administrators, are claiming that they’re holding the target’s crypto asset “cold wallet” — and demanding payment of fees in order to release the funds.
Daniel Quach, who has held executive positions in state and local government, is the new chief information officer for the California Department of Financial Protection and Innovation. Returning to state government is a homecoming of sorts, he told Industry Insider — California.
Those with active recruitments include the Financial Information System for California, the Department of Financial Protection and Innovation, and the Office of Data and Innovation.
The department’s five largest contracts for services in the second quarter of 2022 totaled just more than $3 million.
The governor’s order notes the technology industry’s role in the initiative through use of the Request for Innovative Ideas framework, under which the state fast-tracks the iteration of solutions.
During the first six months of this calendar year, the Department of Financial Protection and Innovation awarded contracts for document remediation, software training, insurance and maintenance, among other things.
As part of Techwire’s ongoing efforts to educate readers on state agencies, their IT plans and initiatives, here’s the latest in our periodic series of interviews with departmental IT and cybersecurity leaders.
The state department is updating existing processes and is working with a longtime IT contractor to do more in the digital realm.
The recruitments are being conducted by the Department of Financial Protection and Innovation and the Department of General Services. Application deadlines for both positions are next week.
The Department of Financial Protection and Innovation, formerly the Department of Business Oversight, has been ramping up its spending. Notable purchases include security products such as firewalls, as well as audio-video equipment.
The Department of Financial Protection and Innovation's new Market Monitoring, Consumer Research, Insights and Analytics Office – itself part of a new Division -- will probably account for most purchases of IT products and services, as the function will be built from scratch.
Ian Calderon discussed two pieces of legislation he's sponsoring on blockchain and cryptocurrency, and a new Financial Technology Innovation Office proposed within the state Department of Business Oversight.