Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. The new federal risk guidance for banks does not remove the need for sound risk management. Introduction It’s not you. It’s the guidance.

Management 221

Management Risk Management Regulation Compliance 221

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. Automated risk management solutions can be helpful in theory.

Compliance 191

Compliance Risk Management Training Analysis 191

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

ABA Community Banking

DECEMBER 4, 2019

As one of the country's generation of young bank CEOs, and one whose professional background is in risk management and regulatory compliance, Clayton Legear shares his unique outlook in the latest episode of the ABA Banking Journal Podcast.

Risk Management 95

Risk Management Management Compliance Leadership 95

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

Insights on Business

JULY 30, 2019

In this series of blogs , we focus on four high-growth transformative technologies with emerging risk applications which can help banks and financial institutions complete and protect the enterprise. Advanced analytics and aggregation technology can be applied to dynamically aggregate data and conduct large scale, real time analysis.

Risk Management 70

Risk Management Analytics Technology Management 70

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

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

The Paypers

JANUARY 31, 2024

Reap , a payment technology company specialising in bridging Web2 and Web3 finances, has partnered with the blockchain data platform Chainalysis.

Risk Management 36

Risk Management Compliance Management blockchain 36

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

PYMNTS

JUNE 17, 2020

“Buyers and suppliers alike want a comprehensive supplier management policy to generate sustainable business relationships, compliance and process excellence.” ” Supply chain managers are thinking of new ideas amid the global pandemic.

Risk Management 141

Risk Management Management Policies Compliance 141

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

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. partnerships, joint ventures), including technology companies.

Risk Management 78

Risk Management Management FDIC Compliance 78

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

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. Reduction in inspection frequency from annually to every three years. Contact us today!

Compliance 221

Compliance Risk Management Regulation Industry 221

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

Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 96

Risk Management Management Compliance New York City 96

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

PYMNTS

MAY 16, 2019

Product compliance and risk management technology firm Decernis is collaborating with Viaware , an IT company in the food contact materials space, to promote compliance in the supply chain. Compliance in the food and food packaging space can be complex , the companies noted.

Compliance 115

Compliance Regulation Risk Management Software 115

Insights on Business

OCTOBER 11, 2018

IBM OpenPages is again in the Leader’s quadrant of the new 2018 Gartner Magic Quadrant for Integrated Risk Management (IRM). In May 2018, IBM proudly accepted two distinguished RegTech Awards – for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution”.

Risk Management 70

Risk Management Management Compliance Innovation 70

Banking Exchange

NOVEMBER 22, 2021

OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.

System 159

System FDIC Risk Management Compliance 159

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

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. Mobile, online and phone channels all have distinct fraud challenges and customer needs.

Compliance 123

Compliance Fraud Study Digital Banking 123

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

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. This is partly due to processes being forced to run across a rigid and fragmented technological landscape. Instead of creating value, digitization often creates execution gaps.

Industry 221

Industry Regulation Compliance Data 221

Insights on Business

JANUARY 22, 2018

As we enter a new year, uncertainty in the risk and compliance landscape is as evident as ever. To proactively respond to this uncertainty, financial institutions assume that the only way for their organization’s to reduce risk and improve compliance is to spend more. Register here. Date: 6 February, 2018.

Compliance 105

Compliance Risk Management Meeting Regulation 105

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Businesses need the flexibility to define new banking relationships without the large, inflated IT projects. ”

Risk Management 309

Risk Management Fraud Management Compliance 309

Perficient

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 275

Risk Management Tools Exercises United States 275

PYMNTS

SEPTEMBER 13, 2017

Sabre Corporation has published the results of its “ 2017 Asia Pacific Corporate Traveler Study ,” identifying two major trends driving business travel in the region: an increased emphasis on mobility and a growing concern over non-compliance.

Policies 158

Policies Compliance Mobile Survey 158

Insights on Business

FEBRUARY 27, 2018

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. To achieve this, IBM and Promontory Financial Group are at the forefront of applying cognitive technology to regulatory demands. “Meaning, [regtech] is a teammate.

Compliance 98

Compliance Risk Management Management Regulation 98

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. There have been substantial investments in technology by financial services organizations – in particular, a spike in RegTech investments from traditional banks.

Compliance 109

Compliance Regulation Meeting Strategy 109

Jack Henry

JUNE 1, 2020

Governance, Risk, and Compliance (GRC) is a strategy to effectively manage enterprise risk in order to achieve compliance with policies, laws, and regulations.

Compliance 149

Compliance Risk Management Strategy Policies 149

Perficient

JANUARY 30, 2024

Every voice within our organization holds significance, none more so than Carolyn Lee , a Project Manager (PM) in our Financial Services business unit and a leader in Perficient’s Risk and Regulatory Center of Excellence (CoE). Perficient promises to challenge, champion , and celebrate our people.

Innovation 221

Innovation Risk Management Meeting Management 221

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

Abrigo

FEBRUARY 16, 2024

Ensure regulatory compliance: Stay ahead of regulatory requirements by ensuring accurate credit risk ratings, robust global cash flow analysis, and proactive rate-risk Regular portfolio monitoring is key to identifying potential issues and addressing them promptly. Talk to a specialist to learn more.

Training 195

Training Risk Management Analysis Policies 195

PYMNTS

APRIL 18, 2017

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. It’s satisfying key regulatory requirements, but at the end of the day it’s not providing the insight around managing your risks that it should.”.

Compliance 111

Compliance Data Austin Management 111

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