Bank Innovation

JULY 18, 2019

The EU’s General Data Protection Regulation (GDPR), which took effect in May of last year, gives customers the right to know what data institutions keep about them, the right to demand that institutions delete personal data and the right to be forgotten. The GDPR bogeyman is now preoccupying bankers in the U.S.

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Regulation US Data Compliance 186

South State Correspondent

MAY 18, 2023

This month, we rolled out “Tate,” our generative AI chatbot driven by ChatGPT that was designed to increase the productivity of our employees and allow us to become familiar with large language models. A banker’s job is attracting and managing customers, understanding risk, and pricing it appropriately.

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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. This decline is particularly evident in the US, UK and Europe,” the company said in a release. As one example, he pointed to the Senior Managers & Certification Regime in the U.K.

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Regulation US United States Compliance 128

Perficient

MAY 30, 2024

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. They want to know how AI and machine learning can enhance the capabilities of compliance, legal, and risk professionals in managing non-financial risk. What is XLoD Global?

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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 bill. This decline is particularly evident in the US, UK and Europe,” the company said in a release. As one example, he pointed to the Senior Managers & Certification Regime in the UK.

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Regulation US United States Compliance 100

Independent Banker

JUNE 30, 2022

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. Regulators are fearful of banker complacency,” he observes.

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Banking Exchange

JANUARY 29, 2020

The SEC and other regulators levied fines on banks and other firms related to anti-money laundering breaches and non-compliance with sanctions Compliance Compliance Management Feature3 Feature AML & Fraud BSA/AML.

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Regulation US Compliance Fraud 78

Perficient

JANUARY 16, 2024

Background On October 19 th , 2023, the Office of the Comptroller of the Currency (OCC) published an article highlighting new enforcement actions and clarifying explicit rules regarding misconduct, particularly as it relates to financial abuse by senior-level management.

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Compliance Guidelines Policies Risk Management 221

Cisco

JUNE 7, 2022

In between these events, a different crisis began in the US sub-prime lending market. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Regulators will tighten the reins. Regulatory Agencies Step Up. Ransomware groups will continue to professionalize.

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Risk Management Management Cyber Security Handbook 118

PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. US Trade Representative Halts Plan To Tax $1.3 The company has also introduced new Page management functions such as the ability to more clearly delegate and supervise admin access permissions based on certain functions.

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Taxes US Compliance social media 132

PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. Looking At Trust .

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Regulation Security Data Course 234

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. Frankly, recent market movements have not given us any reason to be concerned,” she said. In the U.S.,

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PYMNTS

JULY 15, 2020

Under its deal with Revolut, Paxos takes care of all the back-office details needed to make the cryptocurrency brokerage run on Revolut’s platform, including compliance with various state and federal regulations, while enabling Revolut to handle the customer-facing aspects of the relationship. Revolut made its U.S.

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US cryptocurrency FDIC Compliance 233

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. regulators, a move that would put the firms into conflict with secrecy laws in China. Securities and Exchange Commission (SEC) on Monday (Aug.

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PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. The Digital Services Act is forecast to revamp content management on platforms such as Facebook and Google. Australian Regulator Looks Into Merger Law Changes. Turkey Hits Big Tech Platforms With $1.18M Penalty.

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Regulation social media Compliance California 211

Perficient

DECEMBER 6, 2023

The objective is clear: encouraging compliance with consumer protection regulations they deem important before punitive measures are implemented broadly. Whether managing medical debt collections in-house or outsourcing to third-party agencies, companies need to exercise vigilance.

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PYMNTS

APRIL 1, 2019

In one example, as noted by CoinDesk, Pakistan is mandating regulations for the crypto space. It has been really difficult for us to operate Coindelta exchange for the last 6 months,” Yadav noted on a Medium post. As has been previously reported, banks have been prohibited from dealing with those crypto businesses.

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Regulation cryptocurrency Leadership Report 183

Perficient

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

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FDIC Risk Management Regulation Leadership 221

PYMNTS

AUGUST 11, 2020

The withdrawal comes days after President Donald Trump proposed new SEC regulations that would give U.S. regulators expanded access to the financial audits of companies seeking to list on American exchanges. exchange without the hassles or scrutiny of a conventional IPO.

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Course US Operations Regulation 250

Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. Contact us today to discuss in depth how we can help tackle your business challenges.

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Compliance FDIC Regulation Fraud 221

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

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Regulation Google Operations Company 140

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.

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Regulation San Diego Community Bank Kansas 134

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.

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Regulation Management Analytics Meeting 63

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Three pillars of cyber risk management on the cloud.

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Risk Management Management Regulation Guidelines 128

PYMNTS

AUGUST 22, 2019

US Secretary of State Mike Pompeo believes that bitcoin needs to be as highly regulated as SWIFT. In other news, the US Securities and Exchange Commission (SEC) has settled a fine with a Russian firm that was pushing initial coin offerings (ICOs) without revealing that it was getting paid to do so.

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Bitcoin US Regulation blockchain 116

Abrigo

NOVEMBER 25, 2019

Key Takeaways A dynamic asset/liability management (ALM) process can inform sound decision-making in both strategy and risk – but not many FIs approach ALM this way. Most FIs outsource their ALM model, rather than using a self-run model. Why aren't more FIs using ALM as a decisioning tool? Both have their pros and cons.

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Management Resources Tools Strategy 195

Accenture

MARCH 23, 2017

Development was evident everywhere—product, but also management teams. I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs.

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Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

Development was evident everywhere—product, but also management teams. I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs.

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Regulation Industry Trends Compliance 150

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. As reported, Sygnum seeks to provide traditional banking and wealth management services across DLT.

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blockchain Regulation Payments Bitcoin 145

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. Contact us today and let’s explore your financial questions together.

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Risk Management United States FDIC Compliance 221

Perficient

OCTOBER 5, 2023

The team streamlined content creation using Drupal and CKEditor 5 for collaborative editing. LanguageLine managed translations. Strict industry regulations posed a challenge. Perficient managed parallel projects for UMB’s success. Content Hub ensured central content management, while DAM centralized media assets.

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User Experience Regional America Tools 221

PYMNTS

AUGUST 6, 2018

Australian money managers are finding an opportunity in enterprise and small business lending as regulators crack down on the country’s traditional banking industry. That rate increase, as well as rising costs for banks to borrow offshore, has asset managers swooping in to grab corporate loan market share.

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Management Lending Regulation Industry 100

PYMNTS

JANUARY 11, 2021

China's Commerce Ministry has unveiled new rules that prohibit companies from complying with sanctions it deems "unjustified" — regulations that, if enforced, could take the teeth out of some U.S. diplomatic measures. companies in China in a real bind.”. sanctions or with the Chinese rules.

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US Compliance New York National 184

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

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US Boston Regulation Data 171

PYMNTS

AUGUST 20, 2020

Waterdrop’s existing investors included IDG Capital, a Beijing, China, investment and asset management firm that specializes in venture capital, and Wisdom Choice Global Fund, an arm of WisdomTree Investments in New York. It became immediately apparent to us how hard-hit our customer base was by the pandemic,” she said.

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Perficient

APRIL 18, 2024

Open banking transforms the way financial data is shared and accessed, allowing third-party data providers and other banks to access financial data in traditional banking systems through application programming interfaces (APIs). Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

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Cards Regulation Data Apple 221

Perficient

JUNE 1, 2023

With the API and Figma plugin, they can empower everyone to use the language that differentiates them in a competitive industry. We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing.

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