PYMNTS

FEBRUARY 8, 2018

Being a program manager isn’t easy. If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy.

Management 167

Management Compliance Maine Policies 167

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued. Bill payment revenues were $17.4

Compliance 160

Compliance Fraud Operations Management 160

PYMNTS

SEPTEMBER 9, 2019

Software-as-a-Service FinTech HighRadius is collaborating with bank reference automation firm Confirmation to broaden the functionality of HighRadius’ Online Credit Application solution. According to a press release on Thursday (Sept.

Management 108

Management Online America Compliance 108

PYMNTS

MARCH 24, 2017

Compliance is also becoming an enterprise-wide endeavor, and compliance officers must adopt a global mindset. When asked as to what the three things that are most urgently in need of attention when it comes to compliance and fraud, Gurz said that “one is balancing efficiencies versus risk.

Compliance 157

Compliance Fraud Regional Examples 157

CFPB Monitor

NOVEMBER 10, 2016

The Federal Financial Institutions Examination Council (FFIEC), whose members include the CFPB, has finalized guidance setting forth a revised uniform interagency consumer compliance rating system (CCRS). The revisions reflect changes in consumer compliance supervision since the current rating system was adopted in 1980.

Compliance 120

Compliance System FDIC Regulation 120

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

Perficient

MARCH 22, 2021

Managed service offerings (MSO) is the department in an organization responsible for all application support activities. Tiered support refers to the way that a support center is organized to handle incoming support issues in the most effective and efficient manner possible. SLA compliance based on incident priority. Monitoring.

Analysis 294

Analysis System Groups Knowledge Base 294

Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices.

System 195

System Regulation How To Lending 195

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. In reference to corporate governance, Wells Fargo has two months to boost board oversight and compliance efforts.

Risk Management 100

Risk Management Management Compliance Groups 100

CFPB Monitor

MAY 11, 2020

On May 6, 2020, the CFPB issued an ECOA/Regulation B “Compliance Aid” containing three FAQs that clarify certain issues related to notification of action taken on Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loan applications. The Compliance Aid is available here.

Compliance 78

Compliance Regulation Data Security 78

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Credit Decisions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

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

Perficient

MARCH 7, 2021

With adoption rates of Power Platform skyrocketing, so do the critical questions of groups (Security, Compliance, IT, Legal) within the organization : “How do we limit our exposure to data leaks?”. How do we manage use?”. The third is to begin establishing the organizational policies, procedures and compliance needs to fit your needs.

Resources 322

Resources Compliance Innovation Analytics 322

Perficient

JUNE 1, 2022

Transactions that are not reported within the specified timeframe are classified as late (FINRA TRACE reporting requirements always reference Eastern Time). I’ve created a guide, The What, Why, and How of TRACE Reporting Compliance , that outlines the intricacies, rules, and regulations surrounding TRACE. Interested in learning more?

Report 294

Report Security Regulation System 294

Perficient

NOVEMBER 30, 2021

As always, the regulators’ main concern was to promote safety and soundness, consumer protection, and compliance with applicable laws and regulations, including anti-money laundering (AML) and illicit finance statutes and rules. Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

ForwardBanker

JULY 25, 2019

In June 2017, the Alternative Reference Rates Committee (ARRC) selected the Secured Overnight Financing Rate (SOFR) as the replacement for USD LIBOR. The post Reference rates and the LIBOR sunset: Cause for concern? SOFR is based on the overnight interest rate received for lending cash against Treasury securities.

Lending 28

Lending Security US New York 28

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Takeaway 3 Aite Group assessed client references to evaluate vendors of loan origination systems and important features. LOS process management features. Beyond Origination. Workflow & Analysis.

System 195

System Lending Analysis Software 195

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021. Fair lending.

FDIC 78

FDIC Compliance Lending Regulation 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

FICO

OCTOBER 2, 2018

In the past few years, we have seen increasing pressure on compliance officers to investigate for new money laundering schemes. Clearly, we need other approaches to AML case management than hiring investigators. An increase in both effectiveness and efficiency of the overall compliance process is required. The Regulator’s View.

Management 58

Management Compliance Regulation Industry 58

PYMNTS

AUGUST 13, 2019

Lending-as-a-service company ezbob is rolling out a new solution designed to enable banks to more easily onboard clients and manage their Know Your Customer (KYC) due diligence. ” Last year, ezbob announced a partnership with American Express in which Amex refers its U.K. A press release issued on Monday (Aug.

Lending 108

Lending Compliance Analysis Data 108

Perficient

FEBRUARY 13, 2021

As a final note, this new policy attribute relates to the Microsoft Teams recording solution for 1:1 calls, this won’t affect 1:1 Compliance Recording, which will continue to be controlled via the Compliance Recording policy. So with such a big update coming down the pike, how will you manage this?

Meeting 520

Meeting Policies Groups Training 520

PYMNTS

AUGUST 14, 2019

The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). It concerns me when I hear about some compliance budgets being cut by casinos looking to trim costs and retain gamblers,” he noted. The responsibility of casinos managing all of those new transactions.

Compliance 163

Compliance Las Vegas Mobile Data 163

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. This is a must-have risk management concept.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

AUGUST 8, 2021

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. It also monitors compliance with applicable regulations and laws.

System 195

System Lending Policies Regulation 195

CFPB Monitor

FEBRUARY 5, 2019

Ballard Spahr attorneys will hold a webinar, “The Prepaid Rule Takes Effect: Considerations for Properly Implementing the CFPB’s Prepaid Accounts Rule” to discuss key compliance considerations ahead of the Prepaid Rule’s effective date. This compliance challenge will require deep familiarity with the existing Reg. to 1:00 p.m.

Compliance 60

Compliance Analysis Groups Resources 60

Abrigo

DECEMBER 8, 2021

A reference guide with these acronyms and what they represent can be helpful during training. Set board expectations The board plays an integral role in creating a culture of compliance. An excellent place for information is FinCEN History of AML Laws. Provide a copy of the FinCEN Advisory during the training.

Training 195

Training Resources Video Compliance 195

Insights on Business

JANUARY 8, 2019

Moore’s Law refers to the number of transistors within computer chips – doubling nearly every 2 years. But what has this got to do with risk management I hear you ask? Well now this can exist as a 0 or a 1, as a 0 and 1 at the same time or any value in between with some probability. IBM 50Q: An IBM cryostat wired for a 50 qubit system.

Risk Management 107

Risk Management Management Course Big Data 107

CFPB Monitor

APRIL 1, 2021

In addition to rescinding seven policy statements providing flexibility to companies in meeting certain compliance obligations during the pandemic, the CFPB has also rescinded its 2018 bulletin (2018-01) that announced changes to supervisory communications. The Bureau has replaced the 2018 bulletin with a new bulletin (2021-01).

Compliance 78

Compliance Management Policies Report 78

CFPB Monitor

NOVEMBER 4, 2022

FHFA focuses on appraisals that report a valuation lower than the contract sales price of the home, which the FHFA refers to as an “undervaluation.” Lenders selling loans to Fannie Mae and Freddie Mac must submit appraisal information in the UAD format. . The FHFA also notes that in 2021 on a national basis, 15.2%

North Carolina 78

North Carolina Charlotte Compliance National 78

CFPB Monitor

MAY 12, 2015

In a new compliance bulletin ( Bulletin 2015-02 ), the CFPB “reminds” creditors of their obligation not to discriminate against applicants because their income includes vouchers from the Section 8 Housing Choice Voucher (HCV) Homeownership program.

Compliance 60

Compliance Regulation Policies Training 60

PYMNTS

OCTOBER 16, 2018

As noted by Financial News , in reference to the management team, Chris Tyrer, Barclays’ former head of energy trading, had been at the helm of that team. The firm had a team place that was directed to look at how digital assets may be brought into its markets business. The plan is now “ on ice ,” according to reports.

cryptocurrency 134

cryptocurrency Compliance Strategy Marketing 134

BankInovation

JULY 21, 2021

Banks are increasing their use of artificial intelligence-enabled automation, focusing on how to identify and verify customers for onboarding, and AI-powered solutions appear critical to gaining Generation Z customers, says Charley Ma, general manager of fintech at identity decisioning platform provider Alloy, in today’s episode of “The Buzz.” "Gen

Fintech 98

Fintech How To Management Compliance 98

PYMNTS

SEPTEMBER 17, 2018

The watchdog didn’t name the people involved in the case, but a person familiar with the matter told Financial Times that FINMA was referring to Patrice Lescaudron, a former Credit Suisse client adviser. FINMA said the manager violated the bank’s compliance regulations several times over the past few years.

Georgia 143

Georgia Regulation Maine Policies 143

CFPB Monitor

OCTOBER 8, 2020

Must not be within the first year after entry of the consent order and must have fully implemented all compliance and redress plans required under the consent order at least six months before applying. Compliance with consent order. Satisfactory compliance. Eligibility. Must be other than an individual.

Policies 78

Policies Compliance System Meeting 78

Bobsguide

APRIL 27, 2022

Through this partnership, Prometeia intends to provide its clients with a quick and cost-effective solution for the extraction, transformation and loading of FSDP elementary information from the SAP native environment directly into the ERMAS Data Management Module.

Data 148

Data Analytics Risk Management Management 148

Bobsguide

APRIL 12, 2022

Dublin, 1 April 2022: Leading Irish private equity firm, Melior Equity Partners, has agreed an investment in Salmon Software, a fast-growing financial software business that provides customers with a world-class treasury management software system. For further information contact: Louise Cassidy: louise@ckcomms.ie / +353 (0)86 383 5727.

Software 147

Software System Management Groups 147