Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

New York 221

New York Compliance Regulation Analysis 221

Abrigo

FEBRUARY 8, 2022

What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. NBFIs’ AML compliance requirements. But what about the NBFI compliance factor, particularly Bank Secrecy Act and anti-money laundering (BSA/AML) compliance? DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

MAY 10, 2021

Features of a Commercial LOS What basic functions should a loan origination system complete? Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading. LOS process management features. Lending process management is key to timely decisions.

System 195

System Lending Analysis Software 195

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. For example, form letters often filter information from core systems, automatically assigning “Mrs./Mr./Miss”

Compliance 195

Compliance Community Training System 195

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

JULY 11, 2019

Identity verification solutions provider GIACT Systems has announced the launch of gOFAC Monitoring, a new Office of Foreign Assets Control (OFAC) compliance solution to eliminate false positives and boost compliance processing.

Compliance 128

Compliance System Fraud Data 128

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Would you like other articles on loan review in your inbox?

System 195

System Lending Policies Regulation 195

PYMNTS

JANUARY 22, 2020

The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. Experience counts when tight deadlines and project complexity raise the stakes,” said Uwe Härtel, Central Europe country manager at Entersekt.

Security 214

Security Payments Cards Fraud 214

Jack Henry

JULY 30, 2022

As such, we have health insurance in case we get sick or injured, wear helmets on our bikes, wear seatbelts in our cars, and install alarm systems in our homes, all to reduce the risks around us. The way we manage security risk within the financial industry is similar, and yet, we often have difficulty doing it efficiently.

Security 148

Security US Compliance Management 148

PYMNTS

SEPTEMBER 23, 2020

These rules govern how digital banking is managed and which types of data are considered sensitive, and they were developed to keep pace with a steady rise in digital banking adoption. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 225

Compliance Regulation Guidelines Security 225

Perficient

FEBRUARY 29, 2024

Going forward, banks should: Implement AI-driven systems to streamline credit decision processes, reducing decision times, and enabling faster responses to loan applications. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

Perficient

SEPTEMBER 16, 2022

Concerned that crypto-asset-related activities pose risks related to safety and soundness, consumer protection, and financial stability, the Supervisory Letter also emphasized that FRB member banks and affiliates must have adequate systems and controls in place to conduct crypto-asset-related activities. Determining Legality. Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. Why do I need to have an automated system?’” Beyond The Front Door. “If

Management 291

Management Company US Compliance 291

Perficient

JUNE 1, 2022

So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting, detailed the prep work to be done in order to effectively report TRACE transactions , and reviewed considerations for alternative trading systems. by programming systems to delay reporting until the end of the reporting period.

Report 294

Report Security Regulation System 294

Cisco

NOVEMBER 16, 2020

Ways to leverage IoT sensors, and networking & security solutions for remote work & branch ATMs. Secure and compliant remote work enablement. Aligning employee video conferencing and collaboration use with your security, risk, and compliance requirements. Manage carefully their OPEX and CAPEX budgets.

Security 138

Security Compliance Video ATM 138

Perficient

APRIL 26, 2022

FINRA member participation in TRACE is mandatory and obligates members to submit transaction reports in TRACE-eligible securities to conform with the Rule 6700 Series. Once FINRA receives and executes the TRACE Participant Application Agreement, a TRACE participant may input the trade information in TRACE-eligible securities.

Report 294

Report Compliance Security Regulation 294

Banking Exchange

OCTOBER 2, 2019

Proactive Threat Interference® provides protection not offered by other cybersecurity approaches Risk Management Risk Adjusted Technology Compliance Security Online Mobile Operational Risk Compliance Management Feature3 Feature Cyberfraud/ID Theft.

Security 60

Security System Risk Management Compliance 60

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. But the leader of the pack goes to one corporate travel and expense management startup that impressed investors despite a business trip slump. Bookkeeper360. CreditEnable.

Security 204

Security Fintech Capital Management 204

PYMNTS

APRIL 13, 2017

But the company also knew that in order to provide the best security and best customer experience simultaneously, it would need to exceed the Payment Card Industry (PCI) Security Standards Council standards. With the primary goals of finding a solution with ease of integration, compliance tracking and quality monitoring control, WOW!

Meeting 101

Meeting Compliance Security System 101

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

AUGUST 23, 2018

The data security requirements have wide-reaching implications for businesses across sectors, but as companies expand globally and business partners connect on digital channels, supply chains’ GDPR compliance is an increasing focus of security and compliance initiatives in the enterprise.

Compliance 119

Compliance Data social media Security 119

PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance. As we track transactions, it will be very telling how these challenges will impact organizations’ due diligence processes.

Compliance 144

Compliance Survey Analytics Regulation 144

Perficient

JANUARY 13, 2021

Exterro is a leading software platform focusing on an area known as Legal GRC (Legal Governance, Risk, and Compliance). Exterro’s software is developed “by lawyers, for lawyers” and is a fully SaaS & a secure cloud native product that helps clients using older e-discovery tools to easily adopt cloud native software.

Software 309

Software Compliance Tools Examples 309

PYMNTS

JANUARY 7, 2019

Smart B2B payments network Finexio announced a partnership with Cass Information Systems on financial exchange services. In working together, Finexio and Cass combine to offer a best-in-class B2B payments execution solution with the financial security that our customers demand.”.

Compliance 109

Compliance Payments Florida System 109

Perficient

OCTOBER 5, 2023

LanguageLine managed translations. The project, part of a larger platform rollout, led to improved collaboration among clinicians, ensured accurate content delivery, and reduced content creation time. By implementing Acquia and adhering to security measures, UMB streamlined processes.

User Experience 221

User Experience Regional America Tools 221

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

PYMNTS

JUNE 21, 2018

If data within the Internet of Things (IoT) is not secured properly, it puts people’s overall safety in jeopardy — and it’s not just about loss of sensitive personal data. In fact, according to UL , the even greater threat is that an attacker could take over the functionality of poorly secured devices. Pros and Cons of Regionalization.

Security 197

Security Regional Resources Management 197

Abrigo

MARCH 14, 2022

Accessibility of data for loan officers, managers and potentially external loan review personnel. Access should be easy but not at the expense of data security. Make sure redundant security measures are in place and the required encryption standards. Data security. Consistent and on-time communication.

Software 195

Software System Policies Data 195

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. The Cost of Compliance. Challenges and Solutions.

Compliance 123

Compliance Fraud Study Digital Banking 123

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! Looking for an easy way to create, manage, and share approvals without even leaving Teams? Security and Compliance Updates. Secure Score for Teams.

Meeting 322

Meeting Compliance Cards Security 322

PYMNTS

FEBRUARY 22, 2019

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. On Wednesday (Feb.

Compliance 108

Compliance Los Angeles New York blockchain 108

PYMNTS

JULY 15, 2020

As many as 40,000 SAP users could be affected, according to data from security firm Onapsis. There are around 2,500 vulnerable SAP systems directly exposed to the internet, and attackers who gain access to those can potentially do so to other networks. Java’s versions 7.30

Security 141

Security System Software Data 141

PYMNTS

DECEMBER 27, 2019

Manual expense management tools had their time in the spotlight, largely because they were the only options available for employee reimbursements and cash flows. Today’s corporations are happy to bid goodbye to these time-consuming, paper-based processes and turn to online, automated expense tracking products for their spend management needs.

Management 132

Management Cards Policies Compliance 132

Perficient

JUNE 24, 2023

Whether you’re focused on growth marketing like experimentation / personalization, scaling your e-commerce revenue, or migrating to a new content management system, we’ll provide insights and recommendations for leveraging Optimizely’s product suite.

Tools 251

Tools Digital Strategies Analytics System 251

PYMNTS

JUNE 4, 2020

Ensuring such payments are secure from bad actors is a priority for the banks that process them. From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS.

Security 151

Security Fraud Payments Compliance 151

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. Can we look at their overall compliance management program?”. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116