Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Perficient

APRIL 2, 2021

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management.

Regulation 309

Regulation Industry Risk Management Analysis 309

Bobsguide

MARCH 21, 2022

CompatibL is proud to have been nominated in the following categories in this year’s FTF News Technology Innovation Awards: 5.Best Best Middle-Office Solution: CompatibL Risk Platform. Software Solution of the Year: CompatibL Risk Platform. These awards will be decided by an industry-wide vote.

Innovation 147

Innovation Technology Risk Management Analytics 147

South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

Technology 195

Technology Customer Experience Data Training 195

Abrigo

JUNE 8, 2017

To ensure that underwriting and portfolio management satisfy regulatory expectations as well as industry best practices 2. To provide bank management and the board with an objective assessment of credit quality and ongoing portfolio management 3. Additional Resources Managing member business lending risk Hiring headache?

Risk Management 150

Risk Management Management Policies Lending 150

Banking Exchange

NOVEMBER 29, 2021

Money laundering and other types of financial crime have plagued the financial industry for years Risk Management Feature3 Feature Financial Research Duties Technology AML & Fraud BSA/AML Security Operational Risk Compliance Management Cyberfraud/ID Theft.

Industry 78

Industry Risk Management Compliance Fraud 78

Abrigo

FEBRUARY 16, 2024

Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes. Introduction The importance of efficient credit administration Credit departments play a crucial role in the financial industry, and it is important to ensure that they are functioning at their best.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 222

Fraud Training Risk Management Software 222

Insights on Business

JANUARY 3, 2019

To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework. Three pillars of cyber risk management on the cloud.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Bobsguide

MARCH 12, 2022

CompatibL was quick to act to counter the adverse impact of the global disaster and to provide its clients with innovative technology. Today, we are proud to have won the prestigious Best Modeling Innovation accolade at Risk Markets Technology Awards 2022. About Risk Awards.

Technology 78

Technology Marketing Risk Management Innovation 78

Abrigo

DECEMBER 22, 2023

Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. Smaller banks can be encouraged by these numbers, and S&P Market Intelligence predicts a return to relative construction industry normalcy in 2023.

Lending 222

Lending Risk Management Community Management 222

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. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 222

Examples Fraud Resources Risk Management 222

Abrigo

OCTOBER 17, 2023

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. Why change management helps banks and credit unions: Enhanced adaptability : Financial institutions are subject to numerous regulatory changes, technological advancements, and market fluctuations.

Management 195

Management Lending Risk Management Strategy 195

Perficient

FEBRUARY 27, 2023

The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. This change will force impacted stakeholders to reconsider their services, products, and operational procedures, thus generating new opportunities for automation.

North Carolina 275

North Carolina Charlotte Payments US 275

Perficient

MAY 28, 2020

The Utilities industry is facing enormous change along with the rest of the world due to Covid-19 and its effects on commercial and residential consumption of energy. The industry has had to learn quickly to juggle demand and workforce planning. Using Oracle Data & Analytics to Manage Business Decisions .

Analytics 340

Analytics Customer Experience Risk Management Innovation 340

PYMNTS

AUGUST 17, 2018

The journey of seafood from ocean to table is one of constant danger for the people who make up the fishing industry. Refrigeration technology can fail. The payments industry can’t do much about those first two factors. Timing is key,” he said when asked about the most important payments factor for seafood industry clients.

Industry 101

Industry Risk Management Payments Management 101

Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. Ongoing conversations between IBM and CFOs over the years have identified key activities that can help progress operational efficiency.

Operations 138

Operations Innovation Management Risk Management 138

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance."

Compliance 222

Compliance Community Bank Community Conference 222

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. Rachel Adeney and Amy Fraser.

Operations 93

Operations Policies System Regulation 93

Insights on Business

NOVEMBER 28, 2018

While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed data centers. However, the cloud offers many compelling advantages over traditional technology platforms.

Risk Management 102

Risk Management Innovation Management Resources 102

Abrigo

DECEMBER 29, 2023

The firm, which focuses on business, technology, and regulatory issues and their impact on the financial services industry, covers vendor stability, client strength, product features, and client services. This whitepaper describes what industry insiders see as the four main causes of contractor failure.

Resources 222

Resources Lending Risk Management Policies 222

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. Benchmarking can help banks better optimize capital as it gives bank management a sense of what the average is for the industry. Technology-forward banks spend as much as 16.4% As such, bank budgets have come under scrutiny.

Capital 195

Capital Operations Customer Experience Comparison 195

PYMNTS

OCTOBER 7, 2020

To that end, Banking-as-a-Service (BaaS) company RootAnt , based in Singapore , is aiming to strengthen enterprises and ecosystems through open banking technologies. In an interview with PYMNTS, Lincoln Yin , CEO of RootAnt, said the pain points being felt right now by SMBs in Asia are particularly in the travel, event and other industries.

Risk Management 238

Risk Management blockchain Capital Data 238

Insights on Business

APRIL 29, 2019

As technology like IoT and AI continue to revolutionize the automotive industry, cyberattacks, natural disasters, changes in industry regulations, supply chain disruption, and product recalls all are just a small sample of the catalog of risks that can negatively impact an automotive company’s reputation, and affect its bottom line.

Technology 79

Technology Risk Management System Management 79

Perficient

FEBRUARY 10, 2021

The pandemic has presented a variety of industries with new challenges in the digital realm, but the healthcare industry is experiencing the most urgent need for rapid digital reinvention. While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021.

Software 294

Software Innovation Company America 294

Gonzobanker

NOVEMBER 2, 2023

In the throes of managing balance sheets and loan portfolios and at the same time executing daily “run the bank” operations, bankers are faced with the need to continuously develop new customer experiences and scale enterprise capabilities. That’s the new DNA we need to increase across the banking industry.

Leadership 154

Leadership Industry Management Resources 154

PYMNTS

APRIL 26, 2017

At Kyriba we see technology as an enabler. Instead of operating like a programmer, the end user can use Kyriba like an iPad — the intelligence is built into the solution, and regulatory requirements and audit trails are all there so that reports can be generated automatically. This is a game changer for the industry.

Risk Management 100

Risk Management Management Innovation Resources 100

FICO

APRIL 10, 2019

for example, the Chamber of Commerce and FICO have launched a quarterly Assessment of Business Cyber Risk that looks at whole industries, through a roll-up of the FICO® Cyber Risk Score. As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management?

Risk Management 40

Risk Management Management Security Guidelines 40

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

FEBRUARY 10, 2020

She will continue to report to Tom Gandre, executive vice president and chief operating officer. . “As As the nation’s premier payments credit union service organization [CUSO] and a leader in the credit union industry, PSCU is continuously looking for ways to meet and exceed the expectations of the credit unions we serve,” said Gandre.

Innovation 210

Innovation Leadership Washington Cards 210

Abrigo

APRIL 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. At the same time, 59% pursued credit to meet operating expenses. Takeaway 2 Several small business lending processes can tax both borrowers and staff.

Lending 244

Lending St. Louis Community Marketing 244

Abrigo

MAY 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. At the same time, 59% pursued credit to meet operating expenses. Takeaway 2 Several small business lending processes can tax both borrowers and staff.

Lending 195

Lending St. Louis Community Marketing 195

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business. assets, citing high NIE.

Community Bank 117

Community Bank Strategy Risk Management Fintech 117

CFPB Monitor

SEPTEMBER 8, 2022

Noting that BaaS is not an issue limited to large banks, he commented that banks and fintechs, “in an effort to provide a ‘seamless’ customer experience, are teaming up in ways that make it more difficult for customers, and regulators, and the industry to distinguish between where the bank stops and the tech firm starts.”.

Fintech 146

Fintech Risk Management Conference Lending 146

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. Here are some excerpts from customers that contributed to the distinction: “Flexible And User Friendly” – Director, Finance industry [link]. This is a great moment for IBM.

Risk Management 125

Risk Management Compliance Management Policies 125

FICO

FEBRUARY 21, 2023

Inflation is easing as funding rates have risen to 15-year highs, but the technology sector is beginning to lay off employees in masses – through 2022 low levels of unemployment kept the U.S. The following card performance metrics help us understand the impact of the macro environment on the credit card industry at an aggregate level.

Trends 52

Trends Industry US Cards 52

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Operational risks transcend all departments of a bank.

Risk Management 40

Risk Management Management Operations Meeting 40