Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. Reduction in inspection frequency from annually to every three years. Contact us today!

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. GenAI is seeing varied use cases in banking.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

DECEMBER 29, 2023

Regular training of lending and credit risk staff helps keep processes and systems in shape to produce good loans. Aside from formal training, one way that banks and credit unions can ensure staff are attuned to the latest regulations and best practices is by routinely sharing lending and credit risk resources.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. That translated, and still translates, into new ways of thinking about information security, and breaking down silos between departments and various risk management efforts. Looking At Trust .

Regulation 234

Regulation Security Data Course 234

Gonzobanker

JANUARY 4, 2023

Back in the day, when I was the CIO of a bank, we had a Technology Plan. It was a single document that had every aspect of the bank’s technology goals for the year – hardware, software, vendors, projects (all led by information technology, or IT, by the way) – the entire bank IT budget.

Technology 78

Technology System Software Groups 78

Abrigo

MAY 9, 2022

Financial crime detection and prevention are increasing in complexity for BSA/AML professionals as new technologies and challenges arise each year. A recent and notable consent order shows the dangers of turning to an unqualified or inept third-party institution to perform some or all BSA/AML duties to meet regulations.

Compliance 195

Compliance Fraud Regulation Resources 195

PYMNTS

NOVEMBER 16, 2020

PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says. The new development comes from a management buyout by Souter Investments , a private equity-focused family investment office, and Manfield Partners Limited.

Data 169

Data Regulation Risk Management Training 169

Independent Banker

JUNE 30, 2022

From there, the loan assistant would key it in and produce loan documents. While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. As we think about our ability to leverage technology, what are the low-hanging fruit? That was it.

Lending 141

Lending Idaho Nevada Oregon 141

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Stress testing can put a burden on smaller financial institutions, but today's technology "levels the playing field.". Stress testing and risk management. Now that's big. Learn More.

Lending 150

Lending Risk Management Analysis Capital 150

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. Identifying and documenting accessibility requirements prior to development hand-off will significantly reduce the number of accessibility errors on a live page. Accessibility Belongs in the Design Phase.

UX 531

UX Guidelines Compliance Study 531

Abrigo

SEPTEMBER 2, 2020

Technology can create efficiencies that allow them to reimagine customer interactions moving forward. Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. A relationship-based, community focus in a digital world.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. Paper documents are far from a conducive strategy to get all players in the trucking, transport and logistics space on the same page. Partnerships in the supply chain go far beyond a trucking company and its clients.

Industry 158

Industry Tools Regulation Management 158

Abrigo

DECEMBER 30, 2019

Their commitment should be visible within the organization, and if it is not, regulators will take notice. This is a must-have risk management concept. Another aspect of this advisory is that leadership should provide adequate human and technological resources. This should all be documented in procedures and adhered to.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

JULY 24, 2020

Credit Risk Management. Lending & Credit Risk. How to Manage Credit Risk in a Recession: A Series Examining Best Practices. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Credit Analysis Training. Loan Pricing.

Lending 195

Lending Risk Management System Management 195

PYMNTS

DECEMBER 9, 2020

The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number. V-CIP’s biggest advantage is the elimination of risks associated with secure transmission and storage of documents. Such entities in India were granted relief on Jan.

Video 175

Video Capital Lending Security 175

Abrigo

SEPTEMBER 23, 2020

Camp noted that the lender loan workout program will touch numerous areas of the financial institution: lenders, special asset officers, the credit department, the finance department, technology, and operations. The last thing you want is to have a critical document stored on one person’s hard drive, where it is at risk of being lost.

Management 195

Management Lending Risk Management Community 195

Abrigo

SEPTEMBER 2, 2020

Technology can create efficiencies that allow them to reimagine customer interactions moving forward. Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. A relationship-based, community focus in a digital world.

Lending 195

Lending Community San Antonio Survey 195

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

Cisco

OCTOBER 4, 2022

Sweeping in scope, the AIO guide is very detailed on guidance for different technologies. Its audience is technology executives and leaders who do not need to be regulatory experts, but who are affected by the regulations, and should have a better awareness. Common AIO Risk Management Topics. Resilience.

Operations 118

Operations Software Risk Management Management 118

Abrigo

JULY 28, 2021

Takeaway 3 Beginning CECL adoption earlier provides time needed for backtesting, documentation, and developing disclosures. The later CECL deadline was also expected to help later adopters avoid a last-minute scramble for audit, technology, and other assistance when implementation resources are in peak demand. Start Now’.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

MARCH 6, 2019

However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

blockchain 189

blockchain Management Data User Experience 189

PYMNTS

NOVEMBER 17, 2020

Paylocity , a provider of cloud-based human resources (HR) and payroll software, has inked a deal to acquire Samepage and its work collaboration and task management platform, according to a press release. That aims to boost their risk management and contract governance, transformation and remedial activities.

Payments 144

Payments User Experience Software Risk Management 144

PYMNTS

FEBRUARY 22, 2017

There is some concern that widespread financial regulations like Basel III may lead economies to lose sight of FinTech innovation and overall economic growth. “But regulation is also an opportunity. “For us, it’s more about combining this with other payment, reporting and receipt management.

Compliance 135

Compliance Regulation Management Fintech 135

PYMNTS

JULY 5, 2018

As one can easily imagine, that ruling, and the revenue it promises, presents money-making opportunities for such firms — not only for age authentication, but also in the compliance and risk management services that can keep online gambling providers from losing money, reputation and brand value. Market Size. Worst Cases.

United States 103

United States Compliance Risk Management Online 103

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. There have been substantial investments in technology by financial services organizations – in particular, a spike in RegTech investments from traditional banks.

Compliance 109

Compliance Regulation Meeting Strategy 109

BankUnderground

JUNE 25, 2020

Growth in the stock of financial data has been enabled by technological advances that have increased storage capacity and lowered computational costs. Broadly, the Bank of England receives two main types of quantitative data from regulated firms. Central banking is also becoming more data intensive.

Data 110

Data Big Data Regulation Risk Management 110

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. financial institutions, the FFIEC released new guidance and a Cybersecurity Assessment Tool for institutions to self assess their risks and determine their cybersecurity maturity.

Tools 114

Tools Leadership Handbook Security 114

Insights on Business

JUNE 20, 2018

With the launch of OpenPages with Watson v8 , IBM is continuing to build on its legacy of industry-leading technologies for the financial sector. An intuitive drag and drop method for adding evidence documents, with automatic check-in/check-out and detection if it is new or a modification of an existing document.

Compliance 70

Compliance Innovation User Experience System 70

Celent Banking

DECEMBER 9, 2016

As an outgrowth of globalisation, four key external forces impact opportunities and challenges for corporate growth and expansion: economic uncertainty, geopolitical climate, regulatory environment, and technology evolution. since 2012.

Regional 100

Regional Management Fintech Strategy 100

Insights on Business

AUGUST 2, 2018

Or in other words, a modern day financial institution generates massive amounts of data every day, but producing actionable intelligence from this information remains a challenge, mainly due to technology constraints. Learn more about IBM financial risk technology here.

Risk Management 70

Risk Management Data Analytics Resources 70

Independent Banker

AUGUST 26, 2015

Paperless document-signing technology is growing among banks and consumers. But with the emergence of electronic signature technology, we’ve had to rethink some of assumptions. However, the adoption of electronic signature technology hasn’t been an easy undertaking. By Mark Pfeifer.

Community Bank 70

Community Bank Minneapolis Community Online 70

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. Notably, Utah’s definition expressly includes blockchain technology. The size of transactions involving money transmission are similarly regulated on a case-by-case basis.

Utah 60

Utah Arizona Regulation Innovation 60

Insights on Business

FEBRUARY 15, 2018

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Transforming the way compliance departments operate to meet the new reality requires an investment in technology.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Insights on Business

MAY 6, 2019

Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow. Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance.

Fraud 102

Fraud Regulation Compliance Analytics 102

PYMNTS

SEPTEMBER 13, 2018

Complexity also marks that landscape, with a slew of new rules and regulations spanning the globe, and where firms venturing beyond their domestic borders may struggle to navigate the particulars of new markets. They said that as part of the Track offering, there is the ability to store documents in a single repository.

Compliance 116

Compliance Data Management Risk Management 116

Independent Banker

JANUARY 28, 2016

In particular, she discussed the strategic, credit and interest rate risks that the regulatory agencies have signaled they intend to evaluate closely this year. IB: What safety and soundness issues are the regulators watching out for this year? IB: This covers a broad area. What should community banks anticipate here?

Community Bank 70

Community Bank Community Regulation Lending 70