Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 86

Operations System Groups Technology 86

CFPB Monitor

NOVEMBER 4, 2021

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation, joined by John Culhane, a partner in the firm’s Consumer Financial Services Group, Lori Sommerfield, Of Counsel in the Group, Heather Klein, an associate in the Group, and Richard Andreano, a partner in the firm’s Mortgage Banking Group.

Lending 78

Lending Data Report Risk Management 78

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

PYMNTS

NOVEMBER 2, 2020

During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release. Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

Let's Talk Payments

JULY 14, 2017

In the financial services industry, compliance is not an option. It is the speed-inhibiting layers of operations that are extremely expensive and becomes even more expensive if not done correctly.

Compliance 112

Compliance Company Innovation Operations 112

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. The risks are varied, the data sources numerous and the relationships between entities are complex. “How is IT risk different when IT services are outsourced?

Compliance 125

Compliance Risk Management Case Study Meeting 125

Bobsguide

MAY 8, 2022

This designation recognises GFT for the delivery of effective solutions to help its clients manage critical issues pertaining to the industry, such as risk management, core systems implementations, data management, navigating compliance requirements, and establishing governance models. “It

Compliance 166

Compliance Risk Management Digital Banking System 166

South State Correspondent

MARCH 14, 2024

Risk management also needs to change. If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. Finding your bank tied to a rural area that is decreasing in size and profitable demographics is your bigger risk. Sales for these efforts increased.

Innovation 195

Innovation Strategy Capital Comparison 195

CFPB Monitor

SEPTEMBER 21, 2015

Hall, Executive Vice President, PNC Financial Services Group, Pittsburgh, Pa. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. DeBery, Senior Vice President, Internal Audit and Risk Management, Bath Savings Institution, Bath, Maine. Quick, Vice President of Compliance, First Hope Bank, N.A.,

Groups 60

Groups Los Angeles San Francisco Community Bank 60

Perficient

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. Maintaining a service provider oversight program to address risks to service provider relationships.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

MAY 2, 2016

In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. At TNS, this includes managing compliance with regulatory requirements, such as PCI standards, card scheme rules and SSAE16 reports. PYMNTS: What is the most difficult part of your job, and why?

Risk Management 100

Risk Management Compliance Management Meeting 100

Abrigo

NOVEMBER 9, 2020

A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books. Credit Risk Management. Lending & Credit Risk. Portfolio Risk & CECL. Learn More.

System 195

System Lending Software Risk Management 195

Insights on Business

FEBRUARY 6, 2018

For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non compliance, the highest ever civil penalty in corporate Australian history. Financial crimes go beyond just the monetary fines; the risk of accompanying reputational damages are hazardous as well. We also saw U.S.

Compliance 87

Compliance Analytics Boston Regulation 87

Insights on Business

JANUARY 17, 2019

Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Optimizing risk, compliance and security. IBM Think LinkedIn Group. Return soon to read more Think 2019 financial services blogs. IBMFintech Twitter. IBMLive Twitter. IBM Live YouTube .

San Francisco 93

San Francisco CA social media blockchain 93

Abrigo

APRIL 21, 2023

Kirby “If you do it correctly, you can shrink your scope size and look at riskier portfolios,” said Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking: lending, loan review, back-room operations, credit policy, portfolio management, and portfolio analytics.

Lending 195

Lending Risk Management Software System 195

CFPB Monitor

AUGUST 22, 2016

Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. Cal Ratcliff, Senior Vice President, Chief Compliance Officer, Bank of North Carolina, High Point, NC. Harrigan, Chief Risk Officer and General Counsel, Service Credit Union, Portsmouth, NH. Ian Ayres, William K.

San Antonio 60

San Antonio Kansas City Groups CA 60

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

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

PYMNTS

MAY 29, 2019

“We’ve had 10 years of enormous regulation,” UBS Group Chief Compliance and Governance Officer Markus Ronner said, according to the report. “That has tied up enormous resources.” “Why is this so significant?”

Regulation 108

Regulation Compliance Capital Resources 108

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Firms should be investing in new sources of data and data aggregation tools to help improve KYC compliance, onboarding, and customer risk profile monitoring.". Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

SEPTEMBER 13, 2018

Wissema told PYMNTS that prepaid cards can be an effective tool in risk management, as the cards pre-load multiple currencies at pre-determined exchange rates.

Payments 100

Payments Risk Management blockchain Management 100

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. regions, cloud)?

Cyber Security 70

Cyber Security Management Security Risk Management 70

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? How the institution wants to use FedNow.

Fraud 195

Fraud Payments Security Resources 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

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

APRIL 21, 2017

Open source technology has become critical to companies that need solutions that fit right into their own operations. The possibilities for open source applications to impact corporate and B2B operations across eProcurement, financial management, payments and beyond are boundless. Take Oro, for instance.

Analysis 108

Analysis Software Security Compliance 108

Insights on Business

JUNE 20, 2018

Regulators also now expect broader participation from a company’s first line of defense, making managing risk even more complicated. Current risk and compliance systems are disparate and disconnected, often with varying taxonomies, user interfaces, and skill requirements. OpenPages 8.0 Financial Crimes.

Regulation 70

Regulation Compliance Analytics System 70

Insights on Business

JUNE 18, 2018

Innovators and industry leaders across the marketplace will discuss the impact of technologies like artificial intelligence and machine learning and how they are being used to give security firms new insights from risk management to compliance. Another technology in discussion will be the ever prevailing blockchain technologies.

Conference 70

Conference Fintech blockchain Compliance 70

PYMNTS

FEBRUARY 14, 2018

One of the many blockchain consortia on the market today, Alastria , is expanding through the addition of RiskMS, a compliance and RegTech company based in Spain. The company is joining the group as it explores potential uses of blockchain in areas of compliance, like risk management and anti-money laundering (AML).

blockchain 111

blockchain Compliance Mobile Technology 111

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. The typical scenario from such programs places a group of participants in demanding, problematic or adversarial situations for which they must bond as a team and develop viable solutions. Does it sound like “reality compliance”? By Mary Thorson Wright.

Compliance 70

Compliance Training Community Bank Regulation 70

Abrigo

AUGUST 19, 2019

“We’re pretty committed as an organization,” Robert Sousa, Lead Credit Analyst for Main Street Bank, said during a recent Abrigo webinar hosted by the American Bankers Association’s Endorsed Solutions Group. What methodology would we use?’” Sousa said. Transition to CECL with confidence. Get Started.

Maine 150

Maine Data Massachusetts System 150

PYMNTS

JUNE 27, 2016

Their motivations range from stealing money for themselves or laundering funds for terrorist groups and other criminal organizations, he explains. As a result, he says, regulators are on “high alert” and can impose harsh penalties when financial institutions don’t follow proper risk management strategies.

Regulation 101

Regulation Guidelines Risk Management Operations 101

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Thu, 06/23/2022 - 12:40.

Fraud 52

Fraud Management Data Compliance 52

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. There are world-class collections operations in the retail space, of course.

Retail 63

Retail Management Analytics Compliance 63

FICO

SEPTEMBER 7, 2022

With a cost-of-living crisis and soaring energy costs across Europe and other countries, it's important to re-evaluate debt collections and customer risk management strategies. Others opted for a tactical stop gap to meeting the regulatory demands of compliance, involving more manual checking and work during every reporting cycle.

Strategy 52

Strategy Risk Management Management Operations 52

BankUnderground

JUNE 25, 2020

First, global financial services firms maintain central hubs for storing and analysing data generated by their cross-country operations. In some cases, firms ‘insource’ these functions to intra-group entities operating in lower-cost jurisdictions. . This has been driven by three factors. 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

Jeff For Banks

MAY 16, 2015

High level risk management reports (because more granular risk reports are reviewed in Committee) and trends. Compliance and audit reports, not included in 5 above 7. Budget variance reports 3. Financial progress towards strategic plan 4. Financial condition and performance versus peer 5.

Report 60

Report Policies Risk Management Meeting 60