Remove Blog Remove Leadership Remove Risk Management Remove Technology
article thumbnail

Change management in banks and credit unions: A key to success

Abrigo

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. Why change management helps banks and credit unions: Enhanced adaptability : Financial institutions are subject to numerous regulatory changes, technological advancements, and market fluctuations.

article thumbnail

Federal Reserve Issues Supervisory Letter on Crypto Activities for Banks

Perficient

Financial stability – Certain types of crypto-assets, such as stablecoins, if adopted at large scale, could also pose risks to financial stability, potentially through destabilizing runs and disruptions in the payment systems. Financial risk. Legal risk. Compliance risk (including, but not limited to, compliance with.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ten qualities of a successful BSA officer

Abrigo

Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer. BSA Officers must be able to identify risks and potential compliance issues to ensure a robust AML compliance program.

Training 221
article thumbnail

FFIEC Cybersecurity Maturity Assessment Tool

Cisco

This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. It is part of a multipart blog series on financial regulations and how to manage them architecturally, geared towards IT leadership. Delivery Channels.

Tools 114
article thumbnail

The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

Sweeping in scope, the AIO guide is very detailed on guidance for different technologies. This blog is intended to provide a summary to cover a few aspects of this booklet, while providing reference for additional information. This blog even as summary is quite long. Common AIO Risk Management Topics. In Summary.

article thumbnail

Using BSA Hot Topics to Strengthen Your BSA Program in 2020

Abrigo

It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA. This is a must-have risk management concept. Another aspect of this advisory is that leadership should provide adequate human and technological resources. Learn more.

Training 195
article thumbnail

Fraud prevention and detection: Empowering clients through education

Abrigo

Fraud schemes, evolving with technology, are more sophisticated and more complex to detect. Fraudsters have adjusted their tactics as technology has changed. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior.

Fraud 195