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AML compliance: Why failure is not an option

Abrigo

The consequences of noncompliance While pulling back on AML compliance spending is tempting, it is especially important today that financial institutions have a robust AML program. Takeaway 2 Recent cases have shown that now is not the time to let up the gas on AML compliance. BSA enforcement actions are on the rise. When the U.S.

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Block boosts compliance spending to $160M

Payments Dive

Square parent Block is increasing compliance spending on personnel and software this year.

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Beyond Open Banking Compliance: The Opportunity for Commercial Banks

Accenture

The post Beyond open banking compliance: The opportunity for commercial banks appeared first on Accenture Banking Blog. Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem.

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Key Components of a Strong Sanctions Compliance Program

Abrigo

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Takeaway 1 OFAC has issued new guidance on the essential components of a strong compliance program. learn more.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process.

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New Microsoft Security and Compliance Certifications (Feb 2021)

Perficient

This morning I was sipping on my cup of coffee and browsing through Microsoft’s Learn page when I stumbled upon a few new certifications and exams around Microsoft Security and Compliance ! If you’re responsible for all things compliance at your organization, then this exam is definitely one you should be considering!

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Data Lineage for BCBS 239 Regulatory Compliance

Perficient

Supervisors should periodically review and evaluate a bank’s compliance with BCBS Principles. Data lineage can help banks achieve BCBS 239 compliance. compliance, data democratization) can be difficult without the proper knowledge and experience. Reports should cover all material risk areas within the organization.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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How to Choose the Best Automated Documentation System for Commercial Loans

Automated tools are making it possible to keep up with demand while also ensuring compliance, but it is important to remember that not all solution providers are created equal. The ability to efficiently and accurately process these loans is the key to surviving and dominating a competitive market.

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Build Trustworthy AI With MLOps

AI operations, including compliance, security, and governance. Our eBook covers the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance. We also look closely at other areas related to trust, including: AI performance, including accuracy, speed, and stability.

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How to Avoid the Pain and Cost of PCI Compliance While Optimizing Payments

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security, Matt Doka, Co-Founder and CTO of Fivestars, and Steve Andrews, President & CEO of the Western Bankers Association 

PCI compliance can feel challenging and sometimes the result feels like you are optimizing more for security and compliance than you are for business outcomes. The key is to take the right strategy to PCI compliance that gets you both. In this webinar you will learn: The right approach to a Zero Data security platform.

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The Importance of PCI Compliance and Data Ownership When Issuing Payment Cards

This eBook provides a practical explanation of the different PCI compliance approaches that payment card issuers can adopt, as well as the importance of both protecting user PII and gaining ownership and portability of their sensitive data.

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How to Evaluate Business Lending Software for Your Bank

Learn the seven must-have features that you can press vendors to showcase, and discover the secrets to accelerate your time to market while maintaining compliance controls and risk management standards.