Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

Technology 195

Technology Lending Community Software 195

South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

Technology 195

Technology Customer Experience Data Training 195

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 164

Compliance Software Risk Management Management 164

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. However, there is a range of other areas of noncompliance risk for these businesses. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

Insights on Business

JULY 17, 2019

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. Source: Gartner, Magic Quadrant for IT Risk Management, Khushbu Pratap, Brian Reed, 03 July 2019.

Risk Management 110

Risk Management Management Report Compliance 110

Abrigo

DECEMBER 22, 2023

Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. If your financial institution is considering new banking technology, read this blog for decision-making tips. Reduce operating cost while ensuring loan policy consistency.

Lending 221

Lending Risk Management Community Management 221

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. Transition risks are those caused by shifts in policy, consumer and business sentiment, and technologies in conjunction with necessary measures to limit climate change.

Risk Management 78

Risk Management Management Policies Operations 78

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

Operations 118

Operations Software Risk Management Management 118

Perficient

SEPTEMBER 16, 2022

To counteract and minimize such risks, the Fed’s Supervisory Letter required that prior to engaging in any crypto-asset-related activity, a supervised banking organization must first ensure such activity is legally permissible and determine whether any filings are required under applicable federal or state laws. Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

Insights on Business

JANUARY 3, 2019

To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework. Three pillars of cyber risk management on the cloud.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Perficient

NOVEMBER 27, 2023

Imagine a technology that can precisely pinpoint where a process bottlenecks, track where inefficiencies are, AND offer ideas for automation opportunities. Diagnosing and Correcting Process Failures Despite the billions spent yearly to digitize processes, companies often are not operating at their maximum potential. what was done).

Industry 221

Industry Regulation Compliance Data 221

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Whether it's at the start of a year or some other time, focusing on these key areas will help you fine-tune your operations and set your financial institution up for success in the year ahead. Prepare for your next exam.

Training 195

Training Risk Management Analysis Policies 195

Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity.

Risk Management 100

Risk Management Fraud Management Case Study 100

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 108

Operations System Groups Technology 108

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

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

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes. About The Co-operative Bank. For more information, visit finastra.com.

Operations 68

Operations Strategy Innovation Policies 68

Banking Exchange

NOVEMBER 29, 2021

Money laundering and other types of financial crime have plagued the financial industry for years Risk Management Feature3 Feature Financial Research Duties Technology AML & Fraud BSA/AML Security Operational Risk Compliance Management Cyberfraud/ID Theft.

Industry 78

Industry Risk Management Compliance Fraud 78

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

ABA Community Banking

JULY 27, 2016

But challenges remain in integrating technologies Compliance Risk Management Compliance Management Operational Risk.

Risk Management 40

Risk Management Management Compliance Operations 40

Abrigo

DECEMBER 19, 2022

Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering. The whitepapers, checklists, and guides cover everything from regulatory guidance to operational considerations.

Resources 195

Resources Training Fraud Compliance 195

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 January 2021 Operating Agreement .

Compliance 78

Compliance Digital Banking Training South Dakota 78

Insights on Business

APRIL 29, 2019

As technology like IoT and AI continue to revolutionize the automotive industry, cyberattacks, natural disasters, changes in industry regulations, supply chain disruption, and product recalls all are just a small sample of the catalog of risks that can negatively impact an automotive company’s reputation, and affect its bottom line.

Technology 79

Technology Risk Management System Management 79

Banking Exchange

FEBRUARY 26, 2020

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97

Fraud Big Data Risk Management Compliance 97

CFPB Monitor

SEPTEMBER 8, 2022

Kevin Greenfield, OCC Deputy Comptroller for Operational Risk, is reported to have warned banks that they can be liable for customer harm arising out of fintech partnerships, such as violations of consumer protection laws and unfair and deceptive practices. He advised banks to closely monitor risk and compliance in these partnerships.

Fintech 146

Fintech Risk Management Conference Lending 146

Banking Exchange

MAY 4, 2020

Some states are phasing out stay-at-home orders and allowing businesses to reopen after nearly two months of lockdown Customers Branch Technology/ATMs Compliance Management Operational Risk Compliance/Regulatory Community Banking The Economy Feature Management Duties Feature3 Risk Management.

Risk Management 78

Risk Management ATM Community Bank Compliance 78

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

APRIL 23, 2020

Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment. The collaboration builds on Hypur’s extensive network of financial institutions (FIs), according to an announcement. .

Payments 181

Payments Risk Management ATM Resources 181

PYMNTS

JULY 5, 2018

The inner workings of such a relationship are complex, not only as banks ensure that their FinTech partners’ solutions can integrate seamlessly into existing operations and infrastructure, but as banks face increasing regulatory pressures around data security. Banks, meanwhile, enjoy out-of-the-box solutions.

Compliance 109

Compliance Fintech Marketing Security 109

PYMNTS

SEPTEMBER 15, 2020

In such a complex payments ecosystem, merchants have identified the value in diversifying their risk through embracing multiple solution providers partners, including multiple banking services providers. To me, it all comes down to technology and simplifying that technology so it can be used in a very straightforward manner.”.

Payments 299

Payments Risk Management Management Compliance 299

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

Banking Exchange

APRIL 8, 2020

Fraudsters are posing as health officials or charity workers in order to cheat people into handing over money Risk Management Technology Customers People Mobile Online Cards Security Operational Risk Cyberfraud/ID Theft Compliance/Regulatory Feature3 Fintech Feature Financial Trends.

Risk Management 78

Risk Management Compliance Trends Fintech 78

Insights on Business

JULY 17, 2019

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

User Experience 79

User Experience Tools Survey Risk Management 79

Banking Exchange

AUGUST 26, 2019

Machine-learning systems pour through petabytes of data to zero in on suspicious correlations Compliance Risk Management Technology BSA/AML Security Compliance Management Operational Risk Feature Financial Trends AML & Fraud Feature3 Payments.

Risk Management 74

Risk Management Compliance Fraud Trends 74

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.

Fintech 141

Fintech Risk Management Compliance Management 141

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