Insights on Business

JULY 30, 2019

Today we discuss how advanced analytics and aggregation software can address limitations in computational power and granularity required to meet evolving regulatory demands.The other three emerging technologies are cloud, big data and of course, AI. Also see our related blog post, A new era of technology enabled financial risk management.

Risk Management 70

Risk Management Analytics Technology Management 70

Insights on Business

JANUARY 8, 2019

Quantum theory has been proved and led to significant advancements in many scientific fields – quantum electrodynamics, quantum chromodynamics, quantum gravity, quantum optics, quantum chemistry and of course, yes, you guessed it, quantum computing. But what has this got to do with risk management I hear you ask?

Risk Management 107

Risk Management Management Course Big Data 107

Perficient

NOVEMBER 27, 2023

KNOW which gaps have the greatest impact, and the right course of action to close them. 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

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. That conflicts with organizations’ compliance needs, as they require a certain level of information to meet the standards. Why RegTech? A Cultural Shift Is Needed.

Compliance 109

Compliance Regulation Meeting Strategy 109

Insights on Business

MAY 23, 2016

It’s no secret that the volume and depth of regulations have positioned regulators as the top “customer segment” for many global financial services organizations, that’s why financial services risk management is so important. And, these banks typically focus on either a portfolio of assets, a geography, or a line of business.

Compliance 70

Compliance Risk Management Regulation Data 70

Abrigo

JULY 10, 2015

Compliance is often a loaded word for bankers. While regulations within the banking industry are, of course, a necessity, the ongoing conversation about striking a balance between mitigating risk and overregulation continues in government, media and financial institutions themselves. Chief Risk Officer at U.S.

Compliance 150

Compliance Risk Management Regulation Management 150

Insights on Business

MAY 23, 2016

Instilling compliance into an organization from a cultural, functional, and infrastructure perspective is no easy feat. Given the complexity of the regulations and how organizations have traditionally tackled this problem, compliance executives know that there is no guaranteed elixir.

Compliance 79

Compliance Regulation Risk Management Data 79

Abrigo

NOVEMBER 17, 2023

This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. According to the Federal Trade Commission (FTC), consumers lost $8.8

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

MAY 10, 2021

The LOS templates, should, of course, allow for customization by the institution. Portfolio monitoring LOS functions An LOS helps track compliance with covenants and document-filing requirements. Lending & Credit Risk. Portfolio Risk & CECL. “Novel” Risk Management for Banking Leaders in 2021.

System 195

System Lending Analysis Software 195

South State Correspondent

MARCH 14, 2024

Bank management should, of course, strive to increase cash flow as soon as possible. However, this, of course, is a balancing act, and not making a long-term investment is likely to be the riskiest move a bank can make. Risk management also needs to change.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

JULY 19, 2018

There’s the long-term lure, of course, of increased customer headcount and cross-pollination of new revenue streams. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

Fintech 107

Fintech Risk Management Big Data Management 107

FICO

JUNE 30, 2016

All three requirements highlight the need for financial institutions to ensure the quality of their risk data. Aggregation and effective use of this data are becoming key to meeting new compliance challenges, not to mention an opportunity to derive additional business value. So what specifically are all these acronyms?

Compliance 45

Compliance Management Data Risk Management 45

CFPB Monitor

AUGUST 31, 2021

Legal and regulatory compliance. Risk management policies, processes, and controls. The publication of the Guide is another indication of the increased attention that regulators seem to be paying of late to the area of third-party relationship risk management. Information security program and information systems.

Community Bank 78

Community Bank Community Fintech Company 78

Abrigo

NOVEMBER 9, 2020

The sophistication of a loan administration system, of course, depends on the size of the institution and staff, as well as the complexity of its portfolio. Tracking exceptions in aggregate across the portfolio can point out holes in underwriting standards or compliance problems. Credit Risk Management. Learn More.

System 195

System Lending Software Risk Management 195

Abrigo

AUGUST 8, 2021

Being able to change course allows financial institutions to avoid issues – for example, by moving away from loans with a certain type of risk (whether that’s interest, credit, or liquidity). An effective credit risk review system assesses “the adequacy of and adherence to internal credit policies and loan administration procedures.”

System 195

System Lending Policies Regulation 195

PYMNTS

JUNE 22, 2020

A poor customer experience can cause FIs and enterprises to lose customers, of course. Barrett told Webster the new risk solution provides a more complete and accurate picture of applicants’ identities. Account fraud can take 15 hours for cardholders to resolve — hardly the most productive use of anyone’s time. Barrett explained.

Fraud 193

Fraud Cards Risk Management Customer Experience 193

Abrigo

DECEMBER 2, 2021

It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. Retaining and recruiting compliance staff has also been an issue for a few years, leaving professionals overworked and stressed. Credit Risk Management. Lending & Credit Risk. Learn More.

Conference 195

Conference San Antonio Lending Fraud 195

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

MAY 23, 2017

In this edition of the PYMNTS’ Commander in Chief Series , Western Union President Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the payments space and why security and compliance are always key in a game where the rules are changing every day.

Innovation 190

Innovation Payments Compliance Risk Management 190

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Of course, as an analytics provider, we would say that. Firms should be investing in new sources of data and data aggregation tools to help improve KYC compliance, onboarding, and customer risk profile monitoring.". Analytics will be the new black.

Compliance 40

Compliance Analytics Taxes Groups 40

CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

PYMNTS

MAY 26, 2017

If we try to pursue business innovation within the bank, we have to ask around for permission from people in risk management, compliance and others. The executive noted Mizuho will limit its share of the venture, which hasn’t been named yet, to under 15 percent. “If It takes forever,” said the executive.

Fintech 100

Fintech blockchain New York Risk Management 100

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

Gonzobanker

JULY 6, 2021

To help banking executives choose a course of action that will accommodate different budgets, business cases, and visions for the future, we present three winning core strategies: 1. There is no question that a financial institution’s core system needs to be part of its digital transformation journey. Commoditization Strategy.

Strategy 156

Strategy System Risk Management Technology 156

Insights on Business

MAY 30, 2018

In a wide-ranging interview, Laura and Christophe share insights on how innovating artificial intelligence (AI) via User Experience Design (UXD) will soon transform risk and compliance management, empower the first line of defense, and enable the business to realize the value of “owning” risk.

Compliance 87

Compliance User Experience Innovation Risk Management 87

Gonzobanker

NOVEMBER 22, 2022

Barnum’s classic quote about a sucker being born every minute has reigned with the likes of Softbank, Tiger Management, Sequoia Capital, Kevin “Mr. Wonderful” O’ Leary, and of course Tom and Gisele. The post The Crypto Brat Pack Just Earned Themselves Regulation appeared first on Gonzobanker.

Regulation 174

Regulation blockchain Marketing Strategy 174

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

PYMNTS

OCTOBER 10, 2016

Part of that effort, of course, includes examining the state of the foundation of the economy: small businesses. That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions.

Big Data 100

Big Data Analytics Data Survey 100

FICO

FEBRUARY 12, 2018

million borrowers in persistent debt , falling consumer confidence affects retail sales, and banks and financial institutions brace themselves for the result of both their IFRS 9 compliance and the potential impacts of Brexit. There are world-class collections operations in the retail space, of course. Are you one of them?

Retail 63

Retail Management Analytics Compliance 63

FICO

MARCH 25, 2022

There are several ways to think about explainability in fraud management. Stepping back from the golf course bunker-side chat, the task of explaining explainability in fraud management reminds me of presentations I gave in the late 1990s about demystifying neural networks. My Take on Explainability. Explaining Explainability.

Fraud 52

Fraud Management System Course 52

FICO

JUNE 23, 2022

Of course, that topic naturally leads to another: the elusive holistic customer view, which banks have been in hot pursuit of for decades. Have lunch with your counterpart in fraud or compliance. How FICO’s Fraud Detection Capabilities Can Help Manage Fraud and Financial Crime in the ‘New Normal’. Go to lunch,” I said.

Fraud 52

Fraud Management Data Compliance 52

BankUnderground

JUNE 25, 2020

There is a global market for these vendors, and a wide range of functions are provided, especially back-office functions such as HR and accounting services, as well as specialised risk management and product development activities. Risks from barriers to cross-border flows of financial data.

Data 113

Data Big Data Regulation Risk Management 113

FICO

AUGUST 3, 2022

FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Convergence – Beyond Fraud and Financial Crime Compliance. Of course, FICO World would not be FICO World without once-in-a-lifetime evening events. Tue, 07/02/2019 - 02:45. by TJ Horan. Fun, Fun, Fun.

Fraud 52

Fraud Analytics Trends Innovation 52

FICO

JUNE 17, 2019

Doing so can lead to more flexible offers for consumers and increased sales for dealers, without compromising risk or compliance standards. Decision Accuracy in Risk Determination. It’s difficult to accurately evaluate credit applications for risk in changing market conditions, and pricing that risk effectively.

Analytics 40

Analytics Customer Experience Strategy Risk Management 40

PYMNTS

DECEMBER 22, 2016

Of course, in payments, such a failure rate is simply not OK. In addition, said Ahmad, “all of the new technology that we now have available to us … to find a way to make compliance and regulation … reliable is a second defining factor.”

Innovation 100

Innovation Payments Regulation Industry 100

PYMNTS

SEPTEMBER 15, 2017

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. “It It takes a partnership to make it work,” Orloff said. The mission-driven business vision that we share motivates starting the project.

Fintech 198

Fintech System Lending Cards 198

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