Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

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FICO

SEPTEMBER 23, 2020

We invite companies that are achieving outstanding success using analytics and decision management solutions from FICO to submit their nominations for the 2021 FICO® Decisions Awards. Nominations are due December 4, 2020, and winners will be announced January 22, 2021. by Nikhil Behl.

Conference 97

Conference Analytics Compliance Fraud 97

CFPB Monitor

APRIL 12, 2021

On April 1, 2021, the CFPB issued Compliance Bulletin 2021-02 (the “Bulletin”), warning mortgage servicers to “take all necessary steps now to prevent a wave of avoidable foreclosures this fall.” The Bulletin is effective as of April 7, 2021, the date of publication in the Federal Register.

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FICO

JANUARY 29, 2021

Today it gives me great pleasure to announce the winners of the 2021 FICO® Decisions Awards. . 2021 Decisions Award Winners. Customer Onboarding & Management – OCBC. Debt Management – ABSA & Cox Communications (tie). Decision Management Innovation – eDriving. Regulatory Compliance – Alfa Bank & Eurobank (tie).

Meeting 98

Meeting Analytics Florida Fraud 98

Abrigo

AUGUST 6, 2021

How can community financial institutions thrive in 2021? Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond. Would you like other articles like this in your inbox?

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CB Insights

OCTOBER 29, 2021

Hyperproof , an enterprise governance, compliance, and risk management technology provider, has raised $16.5M Seattle-based Hyperproof provides compliance solutions for continuous risk management across key industries, such as security tech, enterprise software, fintech, healthcare tech, and data communications.

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Risk Management Compliance Management Technology 63

Perficient

SEPTEMBER 16, 2022

The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. These systems, risk management, and controls must cover: Operational risk , including: the risks of new, evolving technologies, the risk of hacking, fraud, theft, the risk of third-party relationships). Financial risk.

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Compliance Risk Management System Regulation 275

MerhantsBanks

JULY 12, 2020

Meet the I Believe Leadership Series Class of 2020-2021. Ericka Austad, Credit Administration Representative, Winona Rachel Bartelson, Audit Compliance Specialist, Winona Karley Brink, Personal Banker, St.

Leadership 76

Leadership Compliance Meeting Management 76

Bobsguide

MARCH 30, 2022

the global leader in multibank connectivity and communications, has been named the winner of the 2021 TMI Technology Innovation Award for Bank Connectivity. Fides is committed to helping companies around the world obtain the cash visibility and management they need to run their business efficiently and productively.

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Perficient

MARCH 17, 2023

It also highlighted how blockchain supports Supply Management by supporting parties while conducting transactions with each other through improved security, contract compliance, and cost reduction. This provides near real-time visibility into operations events as well giving the ability to take action earlier.

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blockchain Management Data Security 275

Banking Exchange

JANUARY 27, 2021

Data indicates that global crises like COVID-19 present a ripe environment for spikes in financial crime Compliance Risk Management Compliance Management Compliance/Regulatory AML & Fraud BSA/AML Security Feature3 Feature Covid19.

Risk Management 78

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Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Email: 2021-RFI-AI@cfpb.gov. Credit Decisions.

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CFPB Monitor

DECEMBER 20, 2021

On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) released draft principles for climate-related financial risk management for large banks. The draft principles are intended to provide a framework for safe and sound management of exposures to climate-related financial risks.

Risk Management 78

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CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The January 2021 Operating Agreement . The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

CFPB Monitor

JUNE 10, 2022

The Federal Trade Commission provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities in 2021 regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA) (collectively, the “Financial Acts”). FTC in which the U.S.

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FICO

MAY 27, 2021

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. Volvo Cars transformed its customer onboarding experience using decision management technology in the cloud to digitize and accelerate the process for its new vehicle subscription service, Care by Volvo.

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Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. Earnings at Risk.

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FICO

NOVEMBER 11, 2020

FICO has announced its panel of independent judges for the 2021 FICO® Decisions Awards which honor clients achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Marcel Le Gouais, managing editor at Credit Strategy.

Meeting 52

Meeting Analytics Big Data Management 52

FICO

DECEMBER 15, 2020

It is true that the pandemic has accelerated the majority of digital trends and challenges this past year; I believe the “COVID effect” will persist strongly into 2021, which brings me to three broad predictions: Consumer spending patterns will remain in flux, requiring financial institutions to keep their guard up as fraud patterns change quickly.

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Fraud Compliance Management Software 52

CB Insights

NOVEMBER 11, 2021

Drata , a compliance-as-a-service provider, has raised $100M in a Series B round. The round drew participation from Salesforce Ventures, Cowboy Ventures, Leaders Fund, GGV Capital, Alkeon Capital Management, and ICONIQ Growth. California-based Drata helps companies automate their security and compliance processes.

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Compliance Security California Capital 53

Abrigo

DECEMBER 2, 2021

But impulse buying – whether at home or in business – can result in waste, so think carefully about areas of your bank or credit union that could benefit next year from a small investment as 2021 draws to a close. 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. billion from $515.3

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South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. introduced a LIBOR alternative in March of 2021 (called BSBY). No additional reporting or regulatory compliance for the lender or the borrower.

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Community Bank Community Compliance CA 195

Social Assurance

OCTOBER 29, 2021

Social Assurance’s Marketing and Compliance Report provides an analysis of the financial services industry and explores trends for the upcoming year. Here are a few key takeaways from the 2021 report and how it will impact your brand. Growing Utilization of Marketing and Compliance Tools and Technology. We’ve got you covered.

Compliance 15

Compliance Survey Marketing social media 15

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.” ”

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Management Compliance Company Data 115

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. Only four countries of the 18 we studied improved their card fraud performance in 2021. This was done despite threat levels on credit cards, as measured by basis points, increasing by 32 percent in 2021. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Naomi Palmer.

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Banking Exchange

JANUARY 10, 2022

2021 saw several US banks announce new transactions despite simmering regulatory pressure Compliance Management Feature M&A Feature3 Compliance/Regulatory Compliance Management Community Banking.

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US Regional Compliance Community Bank 60

PYMNTS

OCTOBER 5, 2020

Maintaining compliance can be tricky for merchants, however, as they may struggle to comprehend all aspects of these rules or find cost-effective ways to adhere to them. Compliance Complexities. Merchants may also look to payments orchestration platforms to help them manage compliance needs. Orchestrating A Solution.

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Cards Data Compliance Payments 207

PYMNTS

AUGUST 3, 2018

Money transfer giant MoneyGram beat expectations on the bottom line but missed on the top, as new compliance standards put in place by the company proved a headwind to revenues. The company’s digital initiatives are gaining ground, too, said management. This will let them keep margins intact even in the face of a drag on revenues.

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Compliance Fraud Conference America 100

PYMNTS

JANUARY 24, 2021

Its integrated global practice offers a mix of multidisciplinary trade specialists with extensive experience in compliance, customs, preferential trade agreements, technology implementation know-how and unmatched experience across industries worldwide.".

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Tools Compliance Training Management 181

FICO

DECEMBER 23, 2020

Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. We predict that regulators will continue to emphasize financial crimes compliance by looking to close the gaps in existing frameworks and regulations. Machine Learning Will Play a Great Role in Fighting Money Laundering.

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Compliance Regulation Data Risk Management 52

Perficient

JANUARY 9, 2021

Welcome to 2021! In today’s blog, we’ll cover some of the biggest updates around meetings, calling, management, and even security and compliance released in late December/early January! Microsoft has graciously extended the live event limit all the way until June 30, 2021! Management. Breakout Rooms.

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Video Meeting Community Compliance 532

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021. Automated overdraft programs.

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FICO

APRIL 13, 2021

For its achievements, Alfa-Bank has won the 2021 FICO® Decisions Award for regulatory compliance. I was impressed that Alfa Bank was pushing forward with new ways to think and manage the model lifecycle that addressed the top risk and compliance challenges.”. . by Nikhil Behl.

Management 52

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FICO

MAY 24, 2021

year over year in 2021 to $327.5 As an example, almost half (43%) of respondents say they have no responsibilities beyond regulatory compliance to ethically manage AI systems that make decisions which may indirectly affect people's livelihoods. billion, companies’ reliance on AI technology is heading in only one direction: up.

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FICO

DECEMBER 21, 2020

Predicting the future is an annual pursuit at FICO, and this year my 2021 fraud predictions for the European region reflect how some of the broad trends that shaped 2020 will mutate into specific fraud challenges in the coming year. At the same time, there will be a rising risk of employment scams in 2021.

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Fraud Trends Comparison Compliance 52

Abrigo

AUGUST 4, 2021

Survey: Top Challenges and Trends for BSA/AML Professionals Abrigo's 2021 FinCrime survey benchmarks obstacles and trends for BSA/AML and fraud professionals. Want to see more results from the 2021 FinCrime Survey? What problems are compliance professionals facing today? See the full 2021 FinCrime Survey Results.

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