Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. One example is the use of chatbots to automate routine customer interactions, such as account opening activities and general customer inquiries. Risk Management. Personalization of Customer Services.

Regulation 309

Regulation Industry Risk Management Analysis 309

Cisco

JANUARY 24, 2023

The prior blogs in this series, listed at the bottom, have discussed the various regulations affecting CIOs and their IT organizations. The purpose of this blog is to discuss a few ways in which tooling and automation capabilities can be used to satisfy the asset management requirements of the FFIEC Operations Guide.

Meeting 96

Meeting Regulation Management Technology 96

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

PYMNTS

DECEMBER 28, 2020

But in doing so, it will now face more scrutiny from regulators, Bloomberg reported. Guy Hirsch , managing director for the U.S. Regulation will be more of an issue for crypto companies the bigger and more ubiquitous they become, Bloomberg reported. In January, by contrast, it sat at just $7,200.

Regulation 250

Regulation Report Bitcoin cryptocurrency 250

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators. Industry demand and use cases are maturing. .

Fraud 275

Fraud Management Payments New York City 275

Abrigo

MARCH 25, 2022

ALM 101: Introduction to Asset/Liability Management. As discussed in part 2 of the asset/liability management (ALM) blog series, EAR measures short-term changes to the income statement from interest rate movements. Take this example. How in the world does this ridiculous example relate to ALM ? Measuring VAR/EVE.

Management 195

Management Analysis Examples Strategy 195

Perficient

OCTOBER 27, 2022

In addition, the regulators are trying to keep as many resolution options as possible open for the FDIC to resolve a firm in a way that minimizes the long-term risk to the Deposit Insurance Fund (DIF).

Capital 275

Capital Regulation FDIC Regional 275

Abrigo

JANUARY 11, 2022

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. .

Management 195

Management Meeting Capital Strategy 195

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. Are we being compliant with government regulations? Mashiyev recalled.

Management 291

Management Company US Compliance 291

Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

PYMNTS

JUNE 29, 2020

The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239

How To Payments Management social media 239

American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

Examples 87

Examples FDIC Washington Compliance 87

PYMNTS

JULY 2, 2020

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules. billion went missing from two accounts in the Philippines.

Regulation 142

Regulation Fraud Report Community 142

Independent Banker

JUNE 30, 2022

For example, a loan vendor might test a loan that’s performing at 1.2 We have forward indicators that the Fed will raise interest rates four to six times over the next year,” says Gary Lewis, managing director of lending and deposit solutions for Jack Henry & Associates. It also makes a good impression on regulators.

Management 103

Management Community Bank Community Regulation 103

PYMNTS

AUGUST 6, 2020

“There are a number of transactions that are cross-companies and multi-party that are inefficient, they go through intermediaries, they are very slow,” senior manager at Coke One North America Andrei Semenov said at the time. In April, for example, Coke reported that global sales volume fell by a quarter.

Management 219

Management blockchain America cryptocurrency 219

PYMNTS

JANUARY 21, 2021

Banks must grapple with the ongoing challenges of day-to-day operations, technology — and especially regulations — amid any new effort. And, in fact, contended Cohen, absent the demands of regulators, bringing new products and services to market might otherwise be a lot speedier for FIs.

Management 303

Management User Experience Innovation Fintech 303

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

Regulation 78

Regulation California Exercises Compliance 78

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. ALM seen as checking the box.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators. Digital Fixes.

Data 166

Data Management Taxes Meeting 166

PYMNTS

MARCH 12, 2019

As has been reported, the company has faced concerns over suspected money laundering, as noted in the Financial Times and elsewhere, and has been scrutinized by regulators including the Financial Conduct Authority (FCA) and in Lithuania (Revolut has a banking license in that country). In addition, she told PYMNTS that in the U.K.,

Regulation 148

Regulation Fraud Examples Data 148

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. 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

FEBRUARY 12, 2019

The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and paperwork as bigger institutions. “I ” “Our job now is to ensure that community banks continue to remain strong,” she said, adding that there were no community bank failures in 2018.

Regulation 134

Regulation San Diego Community Bank Kansas 134

South State Correspondent

MAY 9, 2023

The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely. There is no escaping this conclusion: FDIC insurance promotes risk-taking by managers. economy needs. Again, this may be short-sighted.

FDIC 195

FDIC Regulation Capital Management 195

Abrigo

AUGUST 5, 2020

Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. Therefore, it’s essential that the credit memo captures the complete picture of the borrower to ensure proper risk management. Improving loan grading in a recession.

Management 195

Management Risk Management Trends Industry 195

PYMNTS

MARCH 15, 2016

Government eProcurement and digital invoice mandates set an example for an economy overall, helping private businesses understand the process of and benefits to implementing digital procurement, payment and accounting procedures. Governments may be an example to the public sector, but if the U.K. But new analysis from the U.K.

Examples 100

Examples Analysis Policies Regulation 100

PYMNTS

APRIL 1, 2019

In one example, as noted by CoinDesk, Pakistan is mandating regulations for the crypto space. There has not been any significant progress in the Supreme Court case which makes it difficult to predict when we will see the regulation.” Warmer Climate in Bermuda.

Regulation 183

Regulation cryptocurrency Leadership Report 183

Perficient

MARCH 30, 2023

However, due to their sensitive and regulated natures, some industries – especially the financial services industry – have had more complicated cloud transformation journeys than others. Cloud computing makes data more accessible, cheaper, and scalable. For many, this means starting their journey using microservices.

Training 492

Training Security Data Regional 492

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Now, pressures from internal finance departments reacting to changing accounting standards are creating additional stress, and the implications for managing collection agencies and debt buyers are far-reaching.

Regulation 63

Regulation Management Analytics Meeting 63

PYMNTS

JULY 9, 2019

In a recent survey by Deloitte , half of companies said they lacked a defined ownership of intercompany processes, yielding a lack of visibility and management into key processes and activities. Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. The FX Opportunity.

Management 150

Management Regulation Data Innovation 150

PYMNTS

DECEMBER 3, 2018

It’s certainly the case for expense management, said Karim Jouini, CEO of France-based Expensya. Indeed, one of the biggest mistakes a company can make in its expense management strategy is “underestimating the importance of these three success factors in a process: data, data, data,” he said.

Management 144

Management Data Fraud Survey 144

PYMNTS

OCTOBER 5, 2018

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. Activity in Europe was bolstered by more active enforcement by regulators such as the European Commission, Central Bank of Ireland and France’s Autorité des Marchés Financiers.

Regulation 128

Regulation US United States Compliance 128

PYMNTS

OCTOBER 23, 2020

It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. With the high volumes of digital data being shared with vendors, organizations must understand and verify how those partners store and manage that information.

Management 144

Management Strategy Data Risk Management 144

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. For example, many banks and credit unions looking for a competitive edge are considering implementing FedNow services. download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 221

Fraud Training Risk Management Software 221

Abrigo

FEBRUARY 6, 2024

Where to begin Develop a member business lending strategy Developing a sound MBL strategy, or tightening an existing one, can help credit unions achieve long-term success in managing member business lending risks. Get ready for the next credit cycle with credit department housekeeping tips from this webinar.

Lending 221

Lending How To Risk Management Policies 221

Perficient

APRIL 18, 2024

For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card. Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

Cards 221

Cards Regulation Data Apple 221

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements.

Technology 195

Technology Fraud Compliance Regulation 195