Abrigo

DECEMBER 29, 2023

Click the header next to each number to visit the corresponding top banking risk resource. CFPB 1071 rule: Checklist for compliance success Despite efforts to scrap the new small-business lending rule finalized in 2023, financial institutions have continued to prepare to comply. To learn more, watch the video below.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

FEBRUARY 16, 2024

Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. This will save time by ensuring that staff aren’t adding unnecessary length and detail to low-risk, low-maintenance documents.

Training 195

Training Risk Management Analysis Policies 195

Perficient

APRIL 11, 2023

Here in this blog, we’ll review how financial institutions can avoid having to create and run a client remediation program in the first place by implementing Risk Control Self-Assessment (“RCSA”) techniques. Steps of an RCSA Program Risk professionals generally acknowledge that there are six steps to the RCSA process.

Risk Management 275

Risk Management Tools Exercises United States 275

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Businesses need the flexibility to define new banking relationships without the large, inflated IT projects. ”

Risk Management 309

Risk Management Fraud Management Compliance 309

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 221

Examples Fraud Resources Risk Management 221

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Risk Management.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. Yes, a little, I agree.

Compliance 70

Compliance Case Study Analysis Analytics 70

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. Financial crime detection and prevention are increasing in complexity for BSA/AML professionals as new technologies and challenges arise each year. Additional Staff.

Compliance 195

Compliance Fraud Regulation Resources 195

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. There have been substantial investments in technology by financial services organizations – in particular, a spike in RegTech investments from traditional banks.

Compliance 109

Compliance Regulation Meeting Strategy 109

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. We have been named as a Leader in the 2019 Gartner Magic Quadrant for Integrated Risk Management Solutions as well as a Leader in the 2019 Gartner Magic Quadrant for IT Risk Management.**.

Risk Management 125

Risk Management Compliance Management Policies 125

Insights on Business

JUNE 20, 2018

With the launch of OpenPages with Watson v8 , IBM is continuing to build on its legacy of industry-leading technologies for the financial sector. In particular, three issues with risk and compliance systems have been found to contribute to this situation: low visibility, disparate disconnected systems, and limited reach.

Compliance 70

Compliance Innovation User Experience System 70

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. By having an inaccessible site, you are turning away 26% of your overall potential market and expose the organization to compliance violations. Accessibility Belongs in the Design Phase. Heading Structure.

UX 531

UX Guidelines Compliance Study 531

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. We have been named as a “Leader” for both the: 2019 Gartner Magic Quadrant for Integrated Risk Management Solutions. 2019 Gartner Magic Quadrant for IT Risk Management.**.

Risk Management 70

Risk Management Compliance Management Policies 70

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alogent acquired document imaging and tracking solution provider AccuSystems.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

DECEMBER 9, 2020

The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number. V-CIP’s biggest advantage is the elimination of risks associated with secure transmission and storage of documents. Such entities in India were granted relief on Jan.

Video 175

Video Capital Lending Security 175

Abrigo

SEPTEMBER 29, 2022

Essential technology for modern lending and credit departments. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Increased efficiency and better process management. How does construction loan management software help banks and credit unions? Stay up to date on credit risk.

Software 195

Software Lending Management Strategy 195

Cisco

OCTOBER 4, 2022

Sweeping in scope, the AIO guide is very detailed on guidance for different technologies. Its audience is technology executives and leaders who do not need to be regulatory experts, but who are affected by the regulations, and should have a better awareness. Common AIO Risk Management Topics. Resilience. Remote access.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance.

Industry 158

Industry Tools Regulation Management 158

PYMNTS

JULY 5, 2018

As one can easily imagine, that ruling, and the revenue it promises, presents money-making opportunities for such firms — not only for age authentication, but also in the compliance and risk management services that can keep online gambling providers from losing money, reputation and brand value. Market Size. Worst Cases. “And

United States 103

United States Compliance Risk Management Online 103

PYMNTS

MAY 26, 2017

According to a report in Reuters , Daisuke Yamada, Mizuho’s chief digital innovation officer, said in an interview the company already has around 20 projects in the pipeline to launch the venture with some using blockchain technology and others focused on artificial intelligence in areas including farming and travel.

Fintech 100

Fintech blockchain New York Risk Management 100

PYMNTS

FEBRUARY 22, 2017

Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses. And while virtual accounts can certainly aid in Basel III compliance, Morrissey noted that there are broader opportunities at play.

Compliance 135

Compliance Regulation Management Fintech 135

Insights on Business

FEBRUARY 15, 2018

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Transforming the way compliance departments operate to meet the new reality requires an investment in technology.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

Gonzobanker

MARCH 6, 2020

To stay relevant, banks and credit unions need to continually evaluate their people (organization, staffing, roles), processes, technology and enterprise/departmental strategic objectives to ensure they are achieving optimal performance. Technology: The ‘Must Have’ List Is Growing.

Operations 86

Operations System Groups Technology 86

Jack Henry

OCTOBER 22, 2014

I have developed a bit of a habit over the years in my role as a Compliance Analyst: I like to regularly check out my FI client’s website. I also like to check for staff pictures on the chance that I can put a face with a name for the particular employee that I am working with on IT regulatory compliance and risk management efforts.

Community 83

Community Meeting Compliance social media 83

PYMNTS

SEPTEMBER 13, 2018

In an interview with Karen Webster, Carlos Menendez, President of enterprise partnerships at Mastercard , and George Zinn, corporate vice president and treasurer of Microsoft , said the platform (powered by Microsoft Azure) spans activities across identity, compliance and payment management.

Compliance 116

Compliance Data Management Risk Management 116

Abrigo

DECEMBER 5, 2016

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. For many companies, top executives or boards are involved in IT only insofar as approving capital spending on technology. Make the topic ubiquitous.

Cyber Security 150

Cyber Security Security Software Meeting 150

Insights on Business

AUGUST 2, 2018

Or in other words, a modern day financial institution generates massive amounts of data every day, but producing actionable intelligence from this information remains a challenge, mainly due to technology constraints. It is clear that banks need to act to improve their capabilities for risk data aggregation across the enterprise.

Risk Management 70

Risk Management Data Analytics Resources 70

Independent Banker

AUGUST 26, 2015

Paperless document-signing technology is growing among banks and consumers. But with the emergence of electronic signature technology, we’ve had to rethink some of assumptions. However, the adoption of electronic signature technology hasn’t been an easy undertaking. By Mark Pfeifer.

Community Bank 70

Community Bank Minneapolis Community Online 70

CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. Private market investors have poured approximately $5B across 585 deals into regulatory technology startups in the last 5 years. .

Compliance 72

Compliance Regulation blockchain Software 72

FICO

JANUARY 11, 2021

Most commonly, customers are asked to mail in copies of identity documents or visit branches with them. Because humans are involved, the thoroughness of document verification varies based on the person performing this manual process. Meet compliance requirements. This arrangement is far from optimal.

Fraud 52

Fraud Customer Experience Survey Mobile 52

PYMNTS

JUNE 5, 2020

Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. Even if your products are not covered per FinCEN in the U.S.,

Security 174

Security Fintech Data Fraud 174

Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. While it’s clear from conversations with fraud managers that this expectation is growing, it’s not as apparent why now. Expect a trend in this direction.

Fraud 102

Fraud Regulation Compliance Analytics 102

BankUnderground

JUNE 25, 2020

Growth in the stock of financial data has been enabled by technological advances that have increased storage capacity and lowered computational costs. The second risk from barriers to cross-border data flows is that they may impede the sharing of information between regulators. Such technology can reduce transaction costs.

Data 110

Data Big Data Regulation Risk Management 110

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. Notably, Utah’s definition expressly includes blockchain technology. Further, neither Utah nor Arizona may exempt participants from compliance with federal laws and regulations.

Utah 60

Utah Arizona Regulation Innovation 60