ABA Community Banking

FEBRUARY 11, 2019

Envisioning a Future of Prevention Feature Technology Risk Management AML & Fraud Tech Management Security Operational Risk Cyberfraud/ID Theft Feature3 Fintech Compliance Compliance Management.

Meeting 72

Meeting Risk Management Compliance Fraud 72

Insights on Business

JULY 17, 2019

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

User Experience 79

User Experience Tools Survey Risk Management 79

Bobsguide

MARCH 17, 2022

Profile Software , an international financial solutions provider, announced today the enrichment of RiskAvert with new capabilities like the introduction of the NPE Prudential Backstop and the Interest Rate Risk in the Banking Book (IRRBB) modules.

Risk Management 78

Risk Management Regulation Meeting Compliance 78

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations.

Fraud 195

Fraud United States Training Policies 195

PYMNTS

NOVEMBER 10, 2020

"Partnering with Plaid, Mazooma will maximize conversion for our merchant clients by making it even faster and easier for players to fund their accounts," Mazooma Chief Operating Officer Dave Roe said in the announcement. million in 2019. Plaid's optimized user interface and U.S. percent to $80 million in April compared to $36.6

Payments 137

Payments Georgia Atlanta Risk Management 137

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Credit Risk Management. CRE Lending.

Lending 195

Lending Data Regulation Community 195

PYMNTS

OCTOBER 23, 2020

The company operates a business verification platform allowing corporate customers, including B2B buyers and suppliers, to verify their business partners and mitigate risk. Detected operates a platform that uses data points to confirm a business's identity, location and other metrics that are continually updated.

San Francisco 158

San Francisco Compliance Capital Management 158

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? About FIRST Risk Case Studies.

Case Study 79

Case Study Study Compliance Risk Management 79

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. Lexicon Bank in Las Vegas opened its doors in August 2019, not long before COVID-19 shut down the city’s entertainment businesses. Photo by Sammy Tillery. By Tom Groenfeldt.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

CFPB Monitor

MAY 24, 2019

The OCC’s Semiannual Risk Perspective report focuses on key issues that pose threats to bank safety and soundness and legal compliance. Among such issues discussed in the Spring 2019 report , which generally reflects bank data as of December 31, 2018, are risks arising from financial innovation and new technologies.

Innovation 68

Innovation Report Compliance Risk Management 68

Insights on Business

FEBRUARY 13, 2019

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

User Experience 79

User Experience Compliance Risk Management Training 79

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? About FIRST Risk Case Studies.

Case Study 70

Case Study Study Compliance Risk Management 70

Insights on Business

SEPTEMBER 26, 2019

In my May 2019 blog, “Has GRC Reached Its Tipping Point? Observations From The Front Lines” , I described a set of common patterns that are driving business initiatives in Governance, Risk & Compliance. Figure 1: GRC Gets Personal – Improving the Culture for Risk & Compliance through personalization.

Compliance 127

Compliance Examples Policies Management 127

PYMNTS

OCTOBER 30, 2019

As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already been well made. There is no shortage of risks to consider, she noted. In that sense, she noted, the security and compliance team’s concerns are not misplaced.

Payments 104

Payments Risk Management Security Fraud 104

CFPB Monitor

APRIL 1, 2021

Augmenting risk management and control practices. The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). Comments on the RFI must be received by June 1, 2021.

Risk Management 78

Risk Management Training Lending FDIC 78

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Most also said payments management is the most time-consuming process, followed by cash forecasting.

Fraud 115

Fraud Survey Taxes Regulation 115

Insights on Business

SEPTEMBER 26, 2019

In my May 2019 blog, “Has GRC Reached Its Tipping Point? Observations From The Front Lines” , I described a set of common patterns that are driving business initiatives in Governance, Risk & Compliance. Figure 1: GRC Gets Personal – Improving the Culture for Risk & Compliance through personalization.

Compliance 87

Compliance Examples Policies Management 87

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

MARCH 6, 2019

At IBM Think 2019 in San Francisco , I had the pleasure of attending a session on specifically this subject. Making a change from current operations to enhanced technology and broadened data is a journey. Moving towards holistic surveillance today. Learn more at ibm.com/RegTech.

San Francisco 93

San Francisco social media Technology Meeting 93

FICO

MAY 27, 2021

Many of our award winners rose to the task with new solutions and capabilities built on analytic decisioning investments that helped them to pivot to new operating models and constraints. Decision Management Innovation. Regulatory Compliance. David Dittmann , vice president, Data & Analytics, P&G (2019 winner).

Analytics 52

Analytics Fraud Management America 52

FICO

SEPTEMBER 7, 2022

Tue, 07/02/2019 - 02:45. With a cost-of-living crisis and soaring energy costs across Europe and other countries, it's important to re-evaluate debt collections and customer risk management strategies. Elsewhere in Europe, a slew of compliance challenges is already in place. FICO Admin. by Bruce Curry. Bruce Curry.

Strategy 52

Strategy Risk Management Management Operations 52

FICO

JUNE 23, 2022

Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. Tue, 07/02/2019 - 02:45. Have lunch with your counterpart in fraud or compliance. by TJ Horan. expand_less Back To Top. Thu, 06/23/2022 - 12:40.

Fraud 52

Fraud Management Data Compliance 52

PYMNTS

FEBRUARY 28, 2020

million-member Desjardins Credit Union, fell victim to one in June 2019. Larger banks and well-funded FinTechs can create dedicated security operation centers staffed by experts, but CUs often do not have the budgets to offer round-the-clock active protection. Data Breaches Within And Without. Canada’s largest CU, the 4.2

Data 131

Data California Security Pennsylvania 131

CFPB Monitor

AUGUST 8, 2019

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

CFPB Monitor

JUNE 18, 2019

Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana state-chartered bank, to settle the redlining lawsuit that the DOJ filed against the bank on June 13, 2019 simultaneously with a settlement agreement and agreed order. Maintaining a fair lending monitoring program.

Indianapolis 120

Indianapolis Lending Indiana Community 120

Gonzobanker

MAY 21, 2019

While the Acme team knows parts of the business well, this bank operates primarily with a Day 2 “stasis” mindset. The Risk and Compliance group is rarely seen, but they are constantly distributing lengthy emails expressing grave concern about any proposed organizational changes and potential regulatory exam criticisms.

Customer Experience 112

Customer Experience Analytics Management Operations 112

Gonzobanker

DECEMBER 14, 2023

On one hand, there were tons of stories emerging about operational and compliance chaos in BaaS partnerships, enough to scare many banks who were standing at the edge of the pool to conclude, “I’m not jumping in.” The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors.

Fintech 194

Fintech Community Regional Technology 194

FICO

JULY 1, 2022

Tue, 07/02/2019 - 02:45. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City. Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). by TJ Horan. expand_less Back To Top.

Fraud 52

Fraud Trends South Carolina Risk Management 52

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. . In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe.

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

SEPTEMBER 20, 2022

FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. Thu, 08/22/2019 - 12:37. I recently sat down with Scott to talk about how fraud operations groups can benefit from Responsible AI technology and why they should care. FICO Admin. by TJ Horan.

Fraud 52

Fraud Analytics Strategy System 52

FICO

AUGUST 3, 2022

FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Tue, 07/02/2019 - 02:45. Convergence – Beyond Fraud and Financial Crime Compliance. The Role of Data in Managing Fraud and Financial Crime Today was a session I had the pleasure to chair.

Fraud 52

Fraud Analytics Trends Innovation 52

CFPB Monitor

JUNE 11, 2019

378 , Regulatory Sandbox, into law on March 25, 2019. By contrast, in Arizona, a sandbox participant may not transact business with more than 10,000 consumers, but may only be increased to 17,500 consumers upon a showing of adequate financial capitalization, risk management, and oversight. Utah Governor Gary Herbert signed H.B.

Utah 60

Utah Arizona Regulation Innovation 60

Lex Sokolin

DECEMBER 25, 2019

If you read anything but this newsletter, you’ve got to read: Blockchain Capital’s 2019 Year in Review Messari Research Crypto Theses for 2020 DappRadar 2019 dapp Industry Review Decentralized Finance Overview So let’s narrow our entire lens to decentralized finance. Two 2019 symptoms have caused this rush?—?Facebook’s

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

JANUARY 15, 2019

Sloan continued, “We have hired new leaders in key roles, including our new chief risk officer, chief compliance officer, head of regulatory relations and chief operational risk officer. Our corporate risk management team members grew by approximately 1,300, or 15 percent, in 2018.”.

Cards 115

Cards Conference Risk Management Mobile 115

PYMNTS

JANUARY 15, 2019

During a post-earning conference call Tuesday, Sloan said that “to have enough time to incorporate this feedback in our plans in a thoughtful manner and adopt and implement the final plans as accepted by the Federal Reserve and complete the third-party reviews, we’re now planning to operate under the asset cap through the end of 2019.”. “We

Cards 108

Cards Conference Risk Management Mobile 108

Gonzobanker

DECEMBER 19, 2016

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. Let’s hope bankers can keep evolving their mortgage business and borrower experiences among all this compliance chaos. The big bang project is over.”

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. Let’s hope bankers can keep evolving their mortgage business and borrower experiences among all this compliance chaos. The big bang project is over.”

Utah 60

Utah System Community Marketing 60