Perficient

JULY 10, 2023

Defining Reputational Risk for Financial Services Institutions Reputational risk occurs when an institution’s action or lack thereof gives its stakeholders or employees a negative perception. Reputational risk is convoluted. However, these reputational risk management (RRM) frameworks are still widely underdeveloped.

social media 170

social media Risk Management Analysis Industry 170

South State Correspondent

MARCH 14, 2024

Now, with customers, and relationship managers switching banks at one of the highest rates, banks need to adapt to remain relevant. The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future. Risk management also needs to change.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

OCTOBER 28, 2020

The Oracle Financial Crime and Compliance Management Cloud Service delivers extensive cybersecurity capabilities to financial institutions (FIs) of all sizes. Last June, Oracle advanced its Retail Brand Compliance Management Cloud Service with the latest innovations.

Compliance 154

Compliance Security Management Analysis 154

PYMNTS

APRIL 29, 2019

In a press release , Citi said it teamed up with EY and SAS to create the scoring engine, which aims to streamline the time it takes to review high volumes of trade transactions while also ensuring regulatory compliance. managed services CIO, in the press release. managed services CIO, in the press release.

Analytics 123

Analytics Compliance Innovation Operations 123

FICO

NOVEMBER 24, 2021

The 2022 Chartis RiskTech100® Report is live, and I am proud to announce that FICO ranked 6th overall in the annual report and was named the category winner for: Innovation (5th consecutive year). The FICO experience in applying predictive analytics to critical risk management and profitability challenges are unparalleled in the industry.

Report 52

Report Analytics Company Innovation 52

PYMNTS

JUNE 29, 2017

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. But understanding what can be a dizzying array of policies is only part of the battle.

Policies 123

Policies Compliance Regulation Innovation 123

PYMNTS

APRIL 21, 2017

But a new report from Black Duck Software says the providers of open source software may be putting themselves and their corporate customers at risk. In Black Duck’s second Open Source Security and Risk Analysis report , released this week, the firm found that 96 percent of applications audited have some open source component in them.

Analysis 108

Analysis Software Security Compliance 108

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

Abrigo

AUGUST 6, 2021

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). 1 Today, community banks are at a critical crossroads: innovate or be left behind (or acquired). . Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management.

Community Bank 195

Community Bank Community Kansas City Lending 195

FICO

NOVEMBER 23, 2021

They will evaluate nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

FICO

DECEMBER 4, 2018

I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report. The Chartis report Vendor Analysis: FICO (Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018) provides further analysis of FICO’s rating.

Fraud 45

Fraud Risk Management Analytics Analysis 45

PYMNTS

MARCH 14, 2019

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. The 340 survey respondents, based mostly in North America and Europe, revealed their rising concerns over political gridlock in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

MARCH 30, 2017

The latest analysis from Grant Thornton suggests these professionals are finally realizing that new responsibility. Finding a solution to competing demands on the CFO presents an opportunity for innovation,” he said in a statement. 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. As a leader in blockchain innovation and integration, the U.S. percent from 2016 to 2021.

blockchain 111

blockchain Compliance Mobile Technology 111

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations. Collaboration Will Be Key.

Compliance 52

Compliance Regulation Data Risk Management 52

CB Insights

NOVEMBER 2, 2017

This briefing with cover financing trends for startups, corporate activity in the space, and innovative approaches to dealing with new regulatory complexities. In addition, regtech companies can help corporations avoid fines for non-compliance by keeping them on top of the growing levels of regulatory and compliance requirements.

Compliance 72

Compliance Regulation blockchain Software 72

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. Under the Utah law, applicants must have a physical location in Utah, and must develop and perform all testing of the innovative product or service from that location.

Utah 60

Utah Arizona Regulation Innovation 60

CFPB Monitor

OCTOBER 11, 2018

The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. Comments made by attendees indicated that there is substantial interest in the SPNB charter but a reluctance to be the first applicant due to concerns about litigation risk and regulatory requirements.

Policies 60

Policies Lending Data Online 60

Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. While it’s clear from conversations with fraud managers that this expectation is growing, it’s not as apparent why now. Expect a trend in this direction.

Fraud 102

Fraud Regulation Compliance Analytics 102

FICO

MAY 27, 2021

This year the 12 winners have demonstrated extraordinary innovation in very different industries and markets. . Decision Management Innovation. eDriving , a leading global provider of digital driver risk management programs, partnered with FICO to create a score based on telematic driving data.

Analytics 52

Analytics Fraud Management America 52

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Kerem Özdamar , Fraud Risk Analysis & System Development Manager at Garanti BBVA (Turkey).

Fraud 52

Fraud Trends South Carolina Risk Management 52

Fintech Labs Insights

APRIL 27, 2016

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. ” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. ” Innovation in Data Solutions: Nomis Solutions – FinovateSpring 2012.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

PYMNTS

OCTOBER 14, 2019

Complex regulatory demands, for instance, are a major headache, leaving supply chains at risk for noncompliance when operating with suppliers and business partners in new markets — often with unfamiliar compliance requirements. ” Take the compliance risk, for example. ”

Data 134

Data Innovation Analysis Risk Management 134

Insights on Business

JULY 1, 2019

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe. Innovation in the contact center has created no shortage of channels and tools to improve interaction with customers. Seeing customer feedback as a data source.

Compliance 96

Compliance Customer Experience Analysis Data 96

Independent Banker

AUGUST 26, 2015

For the coming year, for instance, one focus is to build out its business intelligence platform to give employees more advanced reporting and quantitative analysis tools. Nonetheless, the bank’s management tries to be flexible when things come up that haven’t been budgeted for. It’s all about prioritization.

Community Bank 70

Community Bank Community Management Maryland 70

Fintech Labs Insights

MARCH 20, 2017

Jo Hill, director of market intelligence, data and analysis/strategy and competition (whew…) at the Financial Conduct Authority (FCA), noted the potential for regtech to make day-to-day banking operations more efficient and effective, ultimately resulting in better experiences for consumers and enabling access to financial services more broadly.

Regulation 18

Regulation Compliance Risk Management Innovation 18

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

Insights on Business

JUNE 27, 2018

IBM RegTech Innovations. Asset liability management (ALM) and liquidity risk (LR) are top of mind for banks as the pressure from today’s regulatory environment heats up. Continued innovation in big data technology makes it possible to extend it into new sectors, such as risk management.

Big Data 151

Big Data Data Risk Management Analytics 151

FICO

AUGUST 7, 2019

These projects bring together companies large and small to create innovative solutions to common challenges, demonstrating how this can be achieved leveraging key TM Forum best practices and standards. Network link analysis in order to proactively identify suspect fraud.

Fraud 40

Fraud Customer Experience Analytics Analysis 40

Insights on Business

MARCH 11, 2019

Within the financial services industry, early adopters have already started to integrate these cognitive technologies into higher value customer service and account management applications, such as chat bots and virtual bankers. Of the topic areas covered, the primary drivers were time and cost savings as well as achieving compliance.

Compliance 140

Compliance Risk Management Tools Survey 140

Insights on Business

SEPTEMBER 28, 2018

IBM RegTech Innovations. There’s a clear trajectory from daily to intra-day calculations, and in some cases even to real-time XVA calculations to help traders and risk management teams make better operational decisions. Game-changing innovation. Innovation drives business transformation.

Innovation 79

Innovation Risk Management Maine Examples 79

Fintech Labs Insights

OCTOBER 30, 2016

My Virtual Strongbox ( F14 ) introduced the kind of secure document storage technology that can help FIs better manage customer documentation. Global Debt Registry , another F14 presenter, provides compliance and risk management solutions to the account management industry.

blockchain 12

blockchain Trends Fintech social media 12

CB Insights

DECEMBER 5, 2017

This analysis looks at the strategic investment trends of 12 P&C insurers, listed below. XL Innovate. ” In this area, AmFam has made investments in startups including Cozy , a rent management startup, and mobile used car marketplace Instamotor. American Family Ventures. Aviva Ventures. AXA Strategic Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

Insights on Business

NOVEMBER 20, 2018

Compliance and customer trust. In the financial services sector, the threats posed by individual rogue traders, groups of disaffected employees and unhealthy risk cultures have highlighted the importance of conduct risk.

Analytics 79

Analytics Compliance Risk Management social media 79

Tomorrow's Transactions

DECEMBER 19, 2016

No matter how much I complain that silly lists of what will be big in the New Year are trivial and superficial and not really representative of a more detailed analysis of key trends… I still feel I have to annoy my colleagues at Consult Hyperion into giving me a few ideas so that I can surf the end of year blog wave. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

Gonzobanker

MAY 21, 2019

for the past 11 years, yet no analysis has been initiated to determine why customer share-of-wallet is not improving. 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 22, 2015

Bank Innovation named Jill one of the 10 most innovative CEOs in banking for 2015, and we doubt that Bank Innovation would know who Jill is if not for her presence on Twitter. To those community bankers claiming their growing Compliance departments say no to everything. Information Management Award. Just asking.

Community Bank 60

Community Bank Apple Community Technology 60