Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Abrigo

FEBRUARY 18, 2017

The purpose of the new rule is to give credit unions more flexibility to implement principle-based risk management processes and policies. This means it’s important that credit unions reevaluate their risk management strategies. Also consider how long they have banked with the institution.

Risk Management 150

Risk Management Management Strategy Lending 150

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Control Testing and Gap Analysis: Evaluate controls to gauge their effectiveness in mitigating risks.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Perficient

APRIL 2, 2021

Risk Management. AI may be used to augment risk management and control practices. AI can assist internal audit and independent risk management to increase sample size (such as for testing), evaluate risk, and refer higher-risk issues to human analysts. Textual analysis. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

Insights on Business

JUNE 11, 2019

Compared to traditional data centers, I believe that cloud computing has several characteristics that make it an attractive platform for risk management. First of all, the compute requirements for risk management can vary over time. The target architecture of the future for all risk solutions will likely involve cloud.

Risk Management 87

Risk Management Management Examples Resources 87

Insights on Business

JULY 30, 2019

Advanced analytics and aggregation technology can be applied to dynamically aggregate data and conduct large scale, real time analysis. The offering is built on the IBM Workspace Analyzer platform, an in-memory platform that aggregates and manages data across multiple sources in real-time. Waiting will not work.

Risk Management 70

Risk Management Analytics Technology Management 70

Perficient

FEBRUARY 10, 2021

Solutions like telemedicine, secure patient data management platforms, and prediction software incorporating big data and IoT are becoming increasingly integral to the success of healthcare companies, and the pandemic is accelerating their development. Security, Data Privacy, and Intellectual Property Protection.

Software 294

Software Innovation Company America 294

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Workflow & Analysis. LOS process management features. Lending process management is key to timely decisions. Beyond Origination. Understand the elements of an LOS.

System 195

System Lending Analysis Software 195

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Perficient

AUGUST 3, 2023

Risk Management , Anti-Money Laundering, & Fraud Protection Financial institutions invest heavily in security and risk management, but prevention and recovery progress are delayed by manual reporting and disparate systems.

Industry 83

Industry Risk Management Customer Experience Fraud 83

PYMNTS

MAY 27, 2020

That includes catching when data stolen via one banking channel is being used to enable ATOs in other channels, according to Daniel Cohen, head of anti-fraud products and strategy at risk management solutions provider RSA. Otherwise, the fraud could continue unnoticed.

Fraud 245

Fraud How To Analysis Strategy 245

Abrigo

APRIL 25, 2024

It is essential for banks and credit unions to adjust lending and underwriting strategies to secure profitable new or expanded business loans with acceptable risk. Implications SMBs and financial institutions can both take several actions to improve their positions in this environment. 1 appeared first on Abrigo.

Lending 195

Lending Trends Capital Strategy 195

Abrigo

AUGUST 30, 2022

Risk management. Keys to mitigating risk. Any financial institution looking to grow the commercial loan portfolio should keep in mind that proper credit risk management remains critical. This type of analysis (e.g. Credit Risk Management. Lending & Credit Risk. Learn More.

Strategy 195

Strategy Lending Risk Management Analysis 195

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

JUNE 20, 2017

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. Putting it bluntly,” the report notes, “if you wait until a liquidity crisis hits to cobble together an analysis based on an array of spreadsheets, it is probably too late.”.

Big Data 119

Big Data Data Risk Management Compliance 119

Abrigo

SEPTEMBER 5, 2023

Abrigo’s credit risk software automates loan administration processes like managing ticklers and tracking loan document and credit exceptions. There are certain instances where, for structural or competitive reasons, a guarantee is difficult to obtain. These circumstances are recognized and are not considered exceptions.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

APRIL 8, 2019

RiskLens, a cyber risk management software company, has raised $20.55 RiskLens is currently the only software platform that can help clients establish quantitative and financially oriented cyber risk management programs.”. million in a series B funding round, according to reports. .

Software 100

Software Risk Management Capital Management 100

PYMNTS

OCTOBER 28, 2020

The Oracle Financial Crime and Compliance Management Cloud Service delivers extensive cybersecurity capabilities to financial institutions (FIs) of all sizes. With over 20 years of experience fighting cybercrime, the Oracle Cloud Infrastructure (OCI) claims to be highly secure and scalable.

Compliance 154

Compliance Security Management Analysis 154

PYMNTS

JULY 10, 2019

Our Invoice Automation Solution provides businesses with a simple, secure solution — from invoice receipt, to payment remittance, through to reconciliation, saving time and improving data collection and reporting processes.”. Last year, Frey spoke with PYMNTS’ Karen Webster about some of the biggest challenges of FX management.

Payments 161

Payments Risk Management Analysis Management 161

Abrigo

JANUARY 24, 2024

These failures were primarily brought on by liquidity concerns around bank stability from severely decreased values of bank security portfolios and inadequate equity to absorb the hit. The increase is not only due to the projected rise in problem banks but also in response to three significant bank failures in 2023.

FDIC 195

FDIC Regulation Strategy Data 195

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

Bobsguide

OCTOBER 1, 2022

SIX, the Swiss leading financial data vendor, joins forces with Prometeia , a global provider of advanced analytics, software solutions and consulting services, to offer a risk indicator that aims at complementing existing regulatory risk ratings for all asset classes. About Prometeia. www.prometeia.com/en/country-page/zurich.

Analytics 97

Analytics Risk Management Management Regulation 97

PYMNTS

JULY 8, 2020

Additionally, AI is combined with the power and capabilities of NuData, Mastercard’s biometrics and behavioral analysis firm, to spot fraud. The company also utilizes a suite of anti-hacking tools called Safety Net, which provides network-level security by looking for unusual behaviors and potential cyberattacks.

Fraud 274

Fraud Management Risk Management Company 274

Abrigo

JANUARY 27, 2020

Strengthen credit risk by improving underwriting. NCUA examiners will place emphasis on the credit union’s loan underwriting standards and procedures as credit risk management is a fundamental part of the supervisory process. Don’t wait for examinations, or even worse, a breach in security to begin focusing on cyber threats.

Risk Management 195

Risk Management Regulation Management Report 195

PYMNTS

MAY 10, 2019

That implies an ease of use while giving up nothing when it comes to security. The rule change not only could bring more work for financial institutions and payment service providers, but also underscores the effort needed to bring more payments into the digital age with faster speed and more security — all part of that general ideal.

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

JUNE 29, 2018

Earlier this month analysis from Citrix and OnePoll found that large U.K. In a survey of 50 IT security decision makers, the report found that only about a third have cyber insurance that covers their supply chain providers. enterprises are overlooking their supplier relationships when developing cybersecurity strategies.

Survey 124

Survey Software Risk Management Analysis 124

Abrigo

JULY 25, 2023

“Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others before their bank or credit union does it.” Secure access. The financial institution will need to insert AML and fraud analysis in the transaction flow,” said Chacon.

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

NOVEMBER 17, 2020

and Republic of Ireland receivables finance programs can now be accessed online, hosted securely by HPD LendScape. That aims to boost their risk management and contract governance, transformation and remedial activities. 16) press release. With that migration, AIB's whole U.K. BlackLine Launches New Cloud Modernizing Products.

Payments 144

Payments User Experience Software Risk Management 144

PYMNTS

FEBRUARY 8, 2019

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year.

Fintech 188

Fintech Capital New York City Analysis 188

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Common AIO Risk Management Topics. Data governance and data management.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

JUNE 15, 2018

The simulation technology enables the automated recognition of a significant event in quantitative analysis, enabling entities to simulate more complex scenarios. In its announcement, Barclays explained that agent-based modeling differs from regression-based models, which rely on historical behavior data analysis. “By

Analysis 100

Analysis Fraud Risk Management Training 100

Abrigo

SEPTEMBER 2, 2016

Various professional associations for valuation specialists recommend updating engagement letters on a regular basis, and the AICPA suggests seeking the advice of a lawyer or risk management advisor periodically. Is it an ownership interest or a security? What are the situations and limiting conditions on the valuation analysis?

Risk Management 150

Risk Management Video Analysis Resources 150

PYMNTS

SEPTEMBER 30, 2018

1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. IdentityMind Global announced Monday (Oct.

Compliance 144

Compliance cryptocurrency Risk Management Fraud 144

PYMNTS

AUGUST 12, 2016

The FAIR Institute , a nonprofit aimed at developing standard information risk management practices, announced on Thursday (Aug. ” and “What activities matter the most and should be prioritized?”

Resources 100

Resources National Technology Analysis 100

Cisco

AUGUST 9, 2022

How the Assessment works: The assessment itself involves two primary components: an institution first creates an inherent risk profile based upon the nature of their business, and determining cybersecurity maturity. The inherent risk profile is an institution’s analysis of its key technologies and operations.

Tools 114

Tools Leadership Handbook Security 114