Insights on Business

MARCH 19, 2018

Maintaining regulatory compliance is a daunting task. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs.

Compliance 135

Compliance Meeting Regulation Comparison 135

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.

Training 195

Training Fraud Leadership Resources 195

CFPB Monitor

DECEMBER 20, 2021

On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) released draft principles for climate-related financial risk management for large banks. The draft principles are intended to provide a framework for safe and sound management of exposures to climate-related financial risks.

Risk Management 78

Risk Management Management Policies Operations 78

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

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Money 20/20 cocktail parties started at noon, and events from sponsored race car driving to helicopter tours were common. Maybe a topic for next year?

Conference 221

Conference Las Vegas Fraud Case Study 221

Perficient

MARCH 17, 2023

This provides near real-time visibility into operations events as well giving the ability to take action earlier. It also highlighted how blockchain supports Supply Management by supporting parties while conducting transactions with each other through improved security, contract compliance, and cost reduction.

blockchain 275

blockchain Management Data Security 275

PYMNTS

APRIL 22, 2016

Corporate hedging, key for businesses that need to minimize exposure to forex risk, is critical for a company doing cross-border operations. dollar’s bullish trend, corporate treasuries are increasingly using FX hedging to help manage risk,” the report stated. That’s according to Beeks Financial Cloud CEO Gordon McArthur. Amid the U.S.

Marketing 100

Marketing Security Technology Fintech 100

Insights on Business

OCTOBER 9, 2018

As market conditions and business requirements are constantly changing, IBM Sales Performance Management (SPM) continues to lead the industry with adaptive, scalable tools that are designed to drive efficient, agile solutions for your enterprise sales teams. Incentive compensation management. GDPR compliance.

Management 79

Management New York City New York Industry 79

Abrigo

JANUARY 24, 2024

The service also plans to continue working internally with financial institutions to improve the ability of staff tied to anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud efforts to: Prevent a fraudulent event Detect and stop one in progress Manage or mitigate an event that has occurred.

Fraud 221

Fraud Payments Software Policies 221

FICO

JUNE 30, 2016

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. Another lesson learned from the financial crisis was that bank’s IT and data architecture were inadequate to support the management of broad financial risks.

Compliance 45

Compliance Management Data Risk Management 45

Celent Banking

DECEMBER 13, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Abrigo

FEBRUARY 6, 2020

After a three-year hiatus, the highly anticipated OFAC Symposium provided a wealth of information to financial institutions, attorneys, government officials and other attendees in a closed-to-the-press event. OFAC restated its crucial role in furthering U.S.

United States 195

United States Compliance Strategy National 195

Perficient

MARCH 22, 2021

Managed service offerings (MSO) is the department in an organization responsible for all application support activities. Typically, MSO tracks and reviews weekly report on the following deliverables: Incident, problem, and change management. SLA compliance based on incident priority. Problem management and stability analysis.

Analysis 294

Analysis System Groups Knowledge Base 294

Bobsguide

JUNE 10, 2022

EMIR Refit: 69% of firms expect serious challenges when building up matching, reconciliation and exception management capabilities. Furthermore, companies have often found themselves operating with a lack of clarity on how the new framework will impact their reporting processes.

Regulation 88

Regulation Resources Study Compliance 88

Abrigo

NOVEMBER 17, 2023

The Federal Bureau of Investigations (FBI) reports that natural disaster has historically brought fraudsters out of the woodwork, pouncing on a pool of vulnerable victims: the more catastrophic the event, the more active the fraudsters. These costs are necessary and ongoing, forming a crucial barrier against fraud scams.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Managing Risk.

Fintech 141

Fintech Risk Management Compliance Management 141

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

Case Study 79

Case Study Study Compliance Risk Management 79

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. Think is the event where the problems of tomorrow meet the minds of today. Think is the event where the problems of tomorrow meet the minds of today.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance. Both are critical.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance. Both are critical.

Compliance 150

Compliance Regulation Innovation Fintech 150

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Next-generation GRC solutions offer the potential to ensure compliance with evolving regulations through transformative business capabilities. You cannot outsource IT Risk.”

Compliance 125

Compliance Risk Management Case Study Meeting 125

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Where does the vendor operate (e.g.,

Cyber Security 70

Cyber Security Management Security Risk Management 70

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

JANUARY 3, 2020

There are certain years (and events) that represent significant shifts in business, where there was a way things were done — until everything changed. Even the consequences of non-compliance can be fragmented. They have to have something powered by artificial intelligence (AI) to streamline operations. Cross Border Complexity.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

MARCH 3, 2020

It is thus unsurprising that 95 percent of companies are looking to improve their spend management software this year. Developments in the expense management world are heating up. Each of the six firms will continue to retain individual operations at present. Putting AI To Work In Spend Management.

Management 130

Management Software Fraud Seattle 130

PYMNTS

MARCH 3, 2020

Large trucking organizations have historically been heavily reliant on independent owner-operators, but AB5 now places the future of those independent owner-operators in doubt. As St Amour explained, many large trucking firms will operate two arms of their business. The other is a brokerage business to match loads with drivers.

California 137

California Operations Industry Management 137

Insights on Business

MARCH 5, 2019

The IBM Watson Financial Services and Promontory teams are proud to be sponsoring an upcoming PRMIA event (Professional Risk Managers International Association) on March 21 in New York City, to discuss how organizations are managing risk by scaling Promontory’s deep regulatory insight with IBM’s cognitive technologies.

New York City 70

New York City Cyber Security New York Risk Management 70

PYMNTS

JULY 21, 2020

At the same time, however, these innovations have also introduced unfamiliar disruptions to antiquated workflows, creating new challenges for treasurers to understand how to readjust their processes and cash flow management strategies as their role within the enterprise grows more complex and valuable. ” Challenge Turned Opportunity.

Management 160

Management Innovation System Fraud 160

PYMNTS

APRIL 29, 2019

In addition, some of the company’s quality-management executives allegedly lied to independent auditors in early 2017. We have now settled the governmental investigations and other legal proceedings related to the events that arose under prior management.”. In addition, Celadon also agreed to a $7.5

Fraud 108

Fraud Indianapolis New York Operations 108

PYMNTS

OCTOBER 28, 2020

But in a panel discussion with Mike Massaro , CEO of Flywire , four executives from various verticals — from freight management to banking — discussed how pressure points are spurring a shift to digital processes. TripActions is focused on travel management, Cohen said, and also was hit hard as travel came to a standstill.

Payments 242

Payments Management Software Google 242

Bobsguide

SEPTEMBER 13, 2022

In response to the growing drive for higher corporate governance standards – both globally and at a national market level – Broadridge Financial Solutions announced it has commenced live operations of its new “golden copy” event notification and direct vote execution service for the Danish market.

Meeting 88

Meeting Security Operations Marketing 88

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. For too long.

Meeting 52

Meeting Operations Customer Experience Technology 52

PYMNTS

JULY 2, 2020

EedenBull, which is based in Norway, Scotland and Singapore, launched its commercial card platform in May to support financial institutions’ management of their own business cards and integrated rewards programs. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump. ScaleFactor’s Card Offering Nixed.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

MARCH 11, 2020

In Asia, venture capitalists have backed two commercial card startups — one in China, targeting employee expense management, and one in India, with a focus on linking startups to credit without the need for a personal guarantee. VCs Back V-Card Tool For Expense Management. QuickBooks Adds Card Payment Support.

Cards 130

Cards Capital Fintech Tools 130

PYMNTS

SEPTEMBER 8, 2020

The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. One thing is clear: app stores are an interesting biotope, simply because there are only two of them globally,” Andreas Mundt said at a press event, pointing to Google Play and the Apple App Store , per Bloomberg.

Taxes 131

Taxes Google Apple social media 131