Perficient

JUNE 5, 2020

Multiple regulatory controls are required for the custodianship of patient and customer data, creation of secure software systems, governance of development environments, and ensuring proper management of audit information. Intake, Construction, Release Management), and DevOps pipeline tooling. Secrets Management.

Compliance 332

Compliance Security Software System 332

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. How does the SEC Report impact investment managers looking to start and manage cryptocurrency hedge funds? Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

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

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes.

Compliance 221

Compliance FDIC Regulation Fraud 221

Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Abrigo

FEBRUARY 14, 2024

WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents. Planning now will mitigate the compliance risk from turnover and reduce stress for you and your AML program during times of change. Talk to a specialist to learn more.

Training 195

Training Fraud Compliance Regulation 195

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

Cisco

APRIL 2, 2024

This is… Read more on Cisco Blogs Record-Breaking Security Vulnerabilities in 2023 According to data from Statista , the amount of vulnerabilities recorded in 2023 hit a record number with 29,000 new vulnerabilities reported.

Compliance 62

Compliance Security Data Report 62

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 221

Training Compliance Fraud Policies 221

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time.

Risk Management 221

Risk Management United States FDIC Compliance 221

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 195

Training Compliance Fraud Policies 195

Abrigo

FEBRUARY 6, 2024

In this blog post, we will delve into the strategies and policies credit unions can adopt to ensure the success and profitability of their MBL programs. A measured approach allows management to incrementally assemble the resources and expertise to implement a comprehensive program without subjecting the credit union to unnecessary risks.

Lending 221

Lending How To Risk Management Policies 221

CFPB Monitor

MAY 3, 2022

Documentation should describe case management and escalation processes, and should focus, among other things, on the customer’s source of funds. As we have blogged, U.S. Conducting Sanctions Screening of On-Chain Activity.

Analytics 147

Analytics Compliance blockchain Policies 147

Perficient

SEPTEMBER 16, 2022

Perficient covered a well-researched Fed paper on this topic here – NY Federal Reserve Evaluates Stablecoin Frameworks – Perficient Blogs. The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. Compliance risk (including, but not limited to, compliance with.

Compliance 275

Compliance Risk Management System Regulation 275

PYMNTS

SEPTEMBER 17, 2020

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. The success of the Libra project lies with the extended community that supports it,” noted an organization blog post. The association named Levey to the CEO post in May.

Management 142

Management social media Leadership California 142

Chris Skinner

JANUARY 29, 2020

Things we’re reading today include … Profits plunge piles pressure on Santander chief Lloyds group to close 56 more branches across UK this year How digital financial services can prey upon the poor Banks adopt AI to manage sanctions and compliance risk Goldman Sachs: break it up Wonga borrowers ‘to … The post Things worth reading: (..)

Compliance 241

Compliance Groups Management 241

Perficient

NOVEMBER 27, 2023

This blog was co-authored by Carl Aridas and Joel Thimsen. This comparison enables your teams to assess process effectiveness and identify deviations that require attention due to inefficiencies and/or non-compliance. Build a reliable risk management strategy using accurate estimations and predictions.

Industry 221

Industry Regulation Compliance Data 221

Abrigo

MAY 2, 2024

In this blog, we will explore best practices and strategies for small business lending. By the end of this blog, you'll have a comprehensive understanding of how to optimize small business lending within your financial institution. This structure ensures that the lending process is efficient and follows a standardized approach.

Lending 195

Lending Strategy Analysis Policies 195

Perficient

APRIL 11, 2023

In the second blog, Client Remediation – Running the Program (Part 2 of 3) , we looked at ways of shortening the length of client remediation programs. A centralized Risk Management Tool is mandatory in modern banking, and the front/middle/back offices must be able to provide a constant input of new information into the system.

Risk Management 275

Risk Management Tools Exercises United States 275

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! Looking for an easy way to create, manage, and share approvals without even leaving Teams? Security and Compliance Updates. Adaptive Card Compliance Capabilities.

Meeting 322

Meeting Compliance Cards Security 322

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

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

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Safeguarding the integrity and effectiveness of a financial institution’s anti-money laundering (AML) program is paramount to ensuring regulatory compliance and detecting illicit activity. We have your back.

Training 195

Training Fraud Leadership Resources 195

Perficient

FEBRUARY 12, 2021

My previous blog covered how HR and technology can help improve your employee engagement through artificial intelligence. This blog explores how leadership can help kick off their commitment from the new hire’s onboarding stages. Helping bridge the transition is the onboarding process. Keep it simple.

Conference 340

Conference Video Branding Meeting 340

Abrigo

MAY 9, 2022

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Conducting a staffing assessment can strengthen an institution's overall culture of compliance. Be sure to share these results and any findings with management.

Compliance 195

Compliance Fraud Regulation Resources 195

Abrigo

AUGUST 3, 2015

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens.

Compliance 150

Compliance Community Bank Community Survey 150

Abrigo

JANUARY 24, 2024

Realistically assess your organization before taking on another institution with the following questions: Does your staff have the bandwidth to manage a bigger or more complex organization? Can your systems perform the critical day 2 accounting for accretion and amortization?

FDIC 195

FDIC Regulation Strategy Data 195

FICO

MAY 2, 2023

I sat down with UK lenders in two roundtable discussions in March to explore the different approaches being taken to Consumer Duty compliance. Consumer Duty will certainly challenge the siloed approach to customer management. Please join us on 23 May for Digital Accelerator Webinar Series: Managing Customers in a Cost-of-Living Crisis.

Compliance 52

Compliance How To Tools Strategy 52

Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Importance of Compliance. A Framework for OFAC Compliance Commitments. OFAC sanctions can have real world impact.

Compliance 195

Compliance Software Case Study Payments 195

Perficient

AUGUST 7, 2020

In this blog, we’ll cover what exactly the add-on includes so you can determine if it’s a good fit for your organization! Integrate your workflows by having things like your compliance recording automated without the need for manual intervention. Communication Management. Compliance recording integration (ISV).

Meeting 399

Meeting Compliance Tools Branding 399

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? But shareholders also expect profitability and growth, while keeping costs, especially those related to regulatory compliance, down. The regulatory compliance aspect is critical, CEIS notes. The regulatory compliance aspect is critical, CEIS notes.

Risk Management 186

Risk Management Management Lending Resources 186

Abrigo

JANUARY 21, 2016

Often the amount of time taken to complete certain advisory services is less than traditional compliance engagements that would yield the same return. With the number of tax returns and amount of compliance work that an average firm provides, it’s difficult for accountants to go beyond their traditional role.

Compliance 150

Compliance Resources Comparison Industry 150