Insights on Business

JANUARY 3, 2019

Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. 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.

Risk Management 128

Risk Management Management Regulation Guidelines 128

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. As reported, Sygnum seeks to provide traditional banking and wealth management services across DLT.

blockchain 145

blockchain Regulation Payments Bitcoin 145

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management. Access a brief guide to CECL model validation here.

Risk Management 195

Risk Management Handbook Analysis Management 195

Abrigo

OCTOBER 14, 2014

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. “Everyone’s going to have their own ways, and from bank to bank they will have different underwriting guidelines and standards.

Risk Management 223

Risk Management Management Taxes Analysis 223

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Now, pressures from internal finance departments reacting to changing accounting standards are creating additional stress, and the implications for managing collection agencies and debt buyers are far-reaching.

Regulation 63

Regulation Management Analytics Meeting 63

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. Later this week we start work with interested regulators, including colleagues across Europe, the U.S. The EU’s plans for its own blueprint would also include best practices and guidelines for regulatory sandboxes.

Regulation 130

Regulation Fintech Regional Guidelines 130

Abrigo

JUNE 14, 2021

In the guidelines, OFAC identifies five key components that are not unlike the BSA program requirements that financial institutions have been implementing for years. As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Learn More.

Compliance 370

Compliance Training Resources Policies 370

Abrigo

MAY 19, 2023

Policy guidelines usually include a written description of the overall credit grading process and establish responsibilities for the various loan review functions. They should be knowledgeable of both sound lending practices and their own institution’s specific lending guidelines.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. Takeaway 2 Examining regulatory guidelines and matching up your current loan review process can help assess roles and procedures.

Lending 195

Lending Training Guidelines Policies 195

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. The Web Content Accessibility Guidelines (WCAG) were developed with these disabilities in mind and provide specific criteria for making a site accessible.

UX 531

UX Guidelines Compliance Study 531

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Some of the key themes our panelists discuss will focus on these main areas: 1. Volume of regulatory alerts.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

Insights on Business

MAY 16, 2019

In a competitive financial marketplace, banks are turning to incentive compensation management (ICM) solutions for competitive advantage. However, making the case to senior bank executives of the need to deploy a sales compensation management solution can be challenging. Rules complexity. Plan proliferation and conflicts.

Management 143

Management Study Case Study Regulation 143

PYMNTS

MARCH 7, 2016

Banks may face tougher guidelines when it comes to how much they are required to spend to cover the risks that cyberattacks, fraud and fines pose to their operations. Basel regulations are international, voluntary guidelines for financial regulators to assure banking stability through stress tests and other measures.

Regulation 100

Regulation Guidelines Capital Operations 100

Perficient

AUGUST 14, 2020

Managing Dynamic Events. Health systems must respond in real time in order to manage the current needs of the patient. Evolving Regulations – Each state has their own guidelines for managing this health crisis. Our environment is constantly changing.

System 519

System Analytics Strategy Guidelines 519

American Banker

OCTOBER 10, 2023

issued a proposal requiring larger banks to implement a three-line-of-defense risk management model and increased board independence in response to observed weaknesses in corporate governance during past financial crises and recent bank failures. The Federal Deposit Insurance Corp.

Guidelines 36

Guidelines Regional FDIC Risk Management 36

Abrigo

JANUARY 3, 2024

Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes. Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Abrigo

AUGUST 4, 2021

Takeaway 1 Managing false positives and keeping up-to-date on regulatory changes continue to be a challenge for financial institutions. On top of managing ever-changing regulations and more complex financial crime schemes, COVID-19 has created even more obstacles for BSA/AML and fraud departments to juggle. BSA/AML Challenges.

Fraud 195

Fraud cryptocurrency Survey Trends 195

PYMNTS

OCTOBER 16, 2020

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.

social media 212

social media Branding Guidelines Regulation 212

PYMNTS

NOVEMBER 5, 2019

SoftBank is looking to develop stricter regulations for startups in the wake of the near collapse of WeWork. A team led by Robert Townsend, SoftBank’s chief legal officer, has been working on the new guidelines, which would include having at least one board seat when investing with private companies.

Guidelines 100

Guidelines Regulation Strategy Management 100

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

AUGUST 7, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 A safe and sound financial institution is adequately staffed, but when staffing needs arise, it can be challenging to bridge the gaps.

Training 195

Training Fraud Leadership Resources 195

PYMNTS

MARCH 18, 2020

Bacarai is working on an airline marketplace in which customers can buy trips and manage them through an online interface. Software-as-a-service (SaaS) platform Hotailers allows businesses transparency when it comes to contingent worker travel and making sure bookings meet regulations, expense limits and safety guidelines.

Guidelines 141

Guidelines Software Regional Management 141

PYMNTS

OCTOBER 18, 2018

At the time, Heinz Tännler, finance director of the canton of Zug in Switzerland, told reporters that the nation would clarify financial regulations on providing banking services to crypto businesses by the end of the year. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

PYMNTS

JANUARY 22, 2021

And as Ingo Money CEO Drew Edwards said in a recent conversation with PYMNTS' Karen Webster, it opened up a whole new world of tangled regulations as 50 different jurisdictions will attempt to put together rules to prevent online gambling sites from becoming havens for people looking to launder money. There have been advances.

Online 181

Online Tennessee Regulation Michigan 181

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

US 171

US Boston Regulation Data 171

Abrigo

FEBRUARY 25, 2022

Codified risk-based approach The AMLA codified the risk-based approach for the first time, and a thorough risk assessment is necessary to justify businesses to your regulators. ?As As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

Perficient

AUGUST 3, 2023

Generative AI ingests data and understands guidelines incredibly well; therefore, businesses across industries are jumping to take advantage of all the possible ways the tool can help save them money and create elevated, uber-personalized customer experiences.

Industry 83

Industry Risk Management Customer Experience Fraud 83

FICO

SEPTEMBER 29, 2020

Here’s what participants said about managing debt collection in the pandemic this year — and what they see for the future. Across all markets, regulation moved quickly around payment holidays and moratoriums for both the consumers and SMEs. This is critical to managing the debt tsunami. Income reduction was not well known.

Management 87

Management Analytics Data System 87

PYMNTS

NOVEMBER 13, 2018

The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Guidelines From The UK. In the United Kingdom, a number of banks and FinTech firms have been working in tandem to foster guidelines that will boost working relationships between those parties. and MarketInvoice.

Community Bank 183

Community Bank Community Fintech Arizona 183

PYMNTS

NOVEMBER 30, 2017

Europe’s Revised Payment Service Directive (PSD2) has yet to come into effect, and some of its guidelines remain in consultation. The EU is also gearing up for additional, overlapping regulations that could confuse financial services players regarding how (and when) to become PSD2-compliant. It won’t be easy, though.

Guidelines 109

Guidelines Regulation Compliance Data 109

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Regulation 174

Regulation Data Guidelines Fraud 174

PYMNTS

APRIL 28, 2020

Brooks said in the statement that “store openings will be consistent with local health and safety guidelines and regulations.”. Also, Brooks noted that handheld devices were provided to store managers in mid-March that were installed with Style Connect, the firm’s proprietary digital styling tool.

Guidelines 116

Guidelines Software National Tools 116

PYMNTS

SEPTEMBER 24, 2020

After nearly a decade with no oversight, regulation, or fair competition, it’s time for Apple to be held accountable.”. The Journal reported that founding members of the new coalition also include Proton Technologies AG, trade group News Media Europe and project management software maker Basecamp.

Apple 133

Apple Exercises Guidelines Groups 133