Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

PYMNTS

SEPTEMBER 13, 2017

Sabre Corporation has published the results of its “ 2017 Asia Pacific Corporate Traveler Study ,” identifying two major trends driving business travel in the region: an increased emphasis on mobility and a growing concern over non-compliance.

Policies 158

Policies Compliance Mobile Survey 158

PYMNTS

AUGUST 9, 2020

The benefits for Google include a unified and accurate supplier record, the ability to integrate supplier qualification and segmentation with other procurement processes, and compliance for supplier risk management throughout the supply base.

Google 362

Google America Risk Management Regional 362

PYMNTS

APRIL 18, 2017

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. For this reason, ComplyAdvantage is out to disrupt the market by delivering on solutions that does more than just check the compliance box. Filling The Compliance Gap.

Compliance 111

Compliance Data Austin Management 111

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. With this in mind, the July 2018 Bulletin focuses on a wide-range of consumer protection issues, including: Redlining.

Compliance 68

Compliance Risk Management Lending Training 68

American Banker

FEBRUARY 4, 2021

The enforcement action, which concerned deficiencies in the auto lender’s compliance risk management program, was the last remaining regulatory matter Santander had to resolve.

Risk Management 41

Risk Management Compliance Management Regulation 41

Perficient

AUGUST 16, 2023

In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. To speak to a Perficient consultant about RCSA or any of Perficient’s risk management and regulatory capabilities, click here. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Firms should be investing in new sources of data and data aggregation tools to help improve KYC compliance, onboarding, and customer risk profile monitoring.". Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas.

Compliance 40

Compliance Analytics Taxes Groups 40

CFPB Monitor

MARCH 9, 2020

On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

Risk Management 78

Risk Management Data Management Compliance 78

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! asokolowski.

Report 52

Report Risk Management Compliance Analytics 52

Perficient

MAY 27, 2022

Maintaining a service provider oversight program to address risks to service provider relationships. It was way back in July 2017, that the SEC issued guidance indicating that digital tokens can be regulated as securities under federal securities laws. SEC Regulation. CFTC Regulation.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Abrigo

JANUARY 18, 2017

As part of larger efforts to expand credit unions’ ability to participate in commercial lending, the NCUA passed a new MBL rule effective January 1, 2017. The below Venn diagram from NAFCU Compliance Blog outlines in broad strokes the difference between Commercial Loans and MBLs.

Lending 150

Lending Risk Management Management Compliance 150

PYMNTS

MARCH 5, 2018

29, 2017, calls for financial institutions that originate ACH payments to register their third-party sender customers through the NACHA Risk Management Portal. With the passing of the initial deadline, NACHA said it will validate the industry’s compliance with the rule.

Risk Management 100

Risk Management Payments Compliance Management 100

Bobsguide

JUNE 14, 2022

Users will benefit from advanced treasury and risk management capabilities. Integrating the capabilities of Lozenge Analytics will allow Fusion KTP users to perform complex statistical risk calculations. Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customers. About Finastra.

Analytics 60

Analytics Risk Management Compliance Management 60

PYMNTS

APRIL 23, 2018

Users can also take advantage of integrated data from Lyft trips and payments for reporting, compliance, analysis and duty of care. Later this year, the companies also said they plan to integrate Lyft into GBT’s risk management and travel disruption tool Expert Care.

Compliance 117

Compliance Risk Management Management Analysis 117

Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

Risk Management 60

Risk Management Compliance Survey Cards 60

Insights on Business

FEBRUARY 6, 2018

Regulatory fines imposed in 2017 alone proved this to us in many ways. For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non compliance, the highest ever civil penalty in corporate Australian history. The current approach to compliance management is not sustainable.

Compliance 87

Compliance Analytics Boston Regulation 87

PYMNTS

JULY 4, 2018

The news comes almost two years after ThetaRay released predictions for banking security in 2017. Those included the proliferation of fraud rings, regulatory pressures increasing on banks and the need for banks to address the issue of de-risking under anti-money laundering regulations.

Survey 101

Survey Risk Management Compliance Security 101

Insights on Business

DECEMBER 12, 2017

The one constant in every compliance professional’s life today is an abundance of pages. A year ago, IBM acquired Promontory Financial Group, a global risk management and regulatory compliance consulting firm, to help compliance professionals make better sense of the always changing regulatory landscape.

Compliance 70

Compliance Risk Management Groups Innovation 70

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. billion as of June 30 of this year and as measured since the August 2017 launch.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

MAY 29, 2019

“We’ve had 10 years of enormous regulation,” UBS Group Chief Compliance and Governance Officer Markus Ronner said, according to the report. ” In 2017, an estimated 40 percent of financing requests from micro, small and medium-sized businesses (SMBs) were denied. “That has tied up enormous resources.”

Regulation 108

Regulation Compliance Capital Resources 108

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? How the institution wants to use FedNow.

Fraud 195

Fraud Payments Security Resources 195

CB Insights

SEPTEMBER 22, 2017

At the current run rate, deals in 2017 are on track to hit a new high, while funding is on pace to grow 14% to nearly match record funding levels set in 2015. Using CB Insights data, we dug into deal and funding trends to regtech startups, 2013 – 2017 YTD (9/10/17). RegTech Trends. ANNUAL FINANCING TRENDS.

Compliance 46

Compliance Trends Software Capital 46

ForwardBanker

DECEMBER 28, 2017

The post Recap of 2017: Sharing Our Top Five Blogs From the Year appeared first on Deluxe FI. I just wrapped up my fifth year of being editor of the blog and I am excited about some of the changes we’ve seen this year. We did a reorganization of the existing.

Meeting 33

Meeting Big Data Risk Management Community Bank 33

Tomorrow's Transactions

DECEMBER 19, 2016

A good enough score, I hope, to make our thoughts about 2017 worth at least a glance. Hello 2017. 2017 will see the emergence of the next generation of innovation in fintech that addresses risk management and regulation for the bank. From 2017 predictions | Business Analytics 3.0. Digital Identity.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

MARCH 30, 2017

Grant Thornton released its 2017 CFO Survey this week to find that most of these executives said strategic planning is their top priority within the enterprise, surpassing other priorities like performance management or even increased cash flow. One of the largest ways it can do so is for risk management.

Analytics 100

Analytics Risk Management Management Data 100

PYMNTS

FEBRUARY 14, 2018

2017 was the year of experimentation as enterprises realized both the benefits and challenges of blockchain,” said IDC Customer Insights and Analysis Research Manager Stacey Soohoo in a statement, according to Cryptovest reports this week. Spending on blockchain technologies will ramp up to $9.2 percent from 2016 to 2021.

blockchain 111

blockchain Compliance Mobile Technology 111

FICO

JANUARY 4, 2018

Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers. 2017 Banking Regulatory Predictions—Brace for a Sea Change.

Analytics 58

Analytics Data DC Millennials 58

PYMNTS

JUNE 20, 2017

This year, the 2017 Pulse of Procurement report is a tale of progress, but also of the ongoing struggle companies and their procurement teams face to meet business goals. Both of these are relatively low,” he said. The top two are lack of time and resources, and insufficient process standardization, which Waugh said is quite typical.

Survey 125

Survey Data Analytics Meeting 125

CFPB Monitor

JUNE 18, 2019

More importantly, the settlement agreement recites that the bank was notified on June 5, 2017 that the DOJ had opened an investigation into whether the bank’s lending practices were discriminatory, suggesting that this may actually be the first redlining case to be initiated and resolved by the DOJ during the Trump administration.

Indianapolis 120

Indianapolis Lending Indiana Community 120

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Insights on Business

AUGUST 2, 2018

It is clear that banks need to act to improve their capabilities for risk data aggregation across the enterprise. The range of practices report describes and compares supervisory and bank stress testing practices and highlights areas of evolution.

Risk Management 70

Risk Management Data Analytics Resources 70

FICO

OCTOBER 1, 2018

This year’s judges are: Sid Dash , research director at Chartis for risk management analytics. Andras Cser , principal analyst - security and risk professionals at Forrester. Mon Pernia , head of consumer collections, Globe Telecom (2017 winner). Tanya Andreasyan , editor at Banking Technology.

Analytics 40

Analytics Conference Compliance Innovation 40

FICO

OCTOBER 7, 2019

Decision Management Innovation: Medscheme and Santander. Regulatory Compliance: Canadian Tire Financial Services. Sid Dash , research director at Chartis for risk management analytics. Andras Cser , principal analyst - security and risk professionals at Forrester. Commendation: Santander Polska.

New York City 40

New York City Analytics Conference New York 40

Bobsguide

AUGUST 7, 2022

“Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank. The Co-operative Bank also uses Fusion Risk for treasury credit risk management and Finastra’s banking technology for payments services. “By

Operations 68

Operations Strategy Innovation Policies 68

CFPB Monitor

AUGUST 8, 2019

The Bureau issued its first (and so far only) no-action letter in September 2017 to Upstart Network Inc. The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning.

Data 60

Data Lending Compliance Policies 60