article thumbnail

6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient

Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. Operational Efficiency and Effectiveness Adopting regulatory risk and compliance practices is not merely a box-ticking exercise. This ensures a seamless and compliant global operation.

article thumbnail

Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers.

Exercises 206
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leverage AI to Automate Invoice Processing using ServiceNow’s Low-Code Solution

Perficient

For businesses, the benefits of Automated Invoice Processing translate to significant time savings, reduction in processing errors, operational cost savings, and improved employee productivity. It’s part of the ServiceNow Source-to-Pay Operations offering, which encompasses the entire process from sourcing to payment.

Training 221
article thumbnail

Leverage AI and Automated Invoice Processing using ServiceNow’s Low-Code Solution

Perficient

For businesses, the benefits of Automated Invoice Processing translate to significant time savings, reduction in processing errors, operational cost savings, and improved employee productivity. It’s part of the ServiceNow Source-to-Pay Operations offering, which encompasses the entire process from sourcing to payment.

Training 221
article thumbnail

An Industry Wake-Up Call: The CFPB’s Impact on the Medical Debt Collection Space

Perficient

Whether managing medical debt collections in-house or outsourcing to third-party agencies, companies need to exercise vigilance. Operational Efficiency: An internal review of debt collection practices can uncover significant opportunities for operational improvements.

Industry 221
article thumbnail

Federal Reserve Releases 2021 CCAR Testing Scenarios

Perficient

The annual exercise evaluates large banks’ resilience by estimating their loan losses and capital levels—which provide a cushion against losses—under hypothetical recession scenarios that extend nine quarters into the future.

Exercises 309
article thumbnail

FDIC hires counsel to investigate now defunct Operation Choke Point

CFPB Monitor

On November 15, 2018, in response to a November 7, 2018 letter from Republican Senators , FDIC Chairman Jelena McWilliams announced that the FDIC has engaged outside counsel to investigate the Obama-era Operation Choke Point, under which the FDIC and other government agencies pressured banks not to do business with payday lenders.

FDIC 68