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

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. Introduction It’s not you. It’s the guidance.

Management 221

Management Risk Management Regulation Compliance 221

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. State Regulations. SEC Regulation.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

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. Utilize technology. Utilize technology. Establish a credit culture. Establish a credit culture.

Risk Management 223

Risk Management Management Taxes Analysis 223

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

JANUARY 3, 2019

Cybersecurity risk is at or near the top of every list of concerns for these institutions. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Three pillars of cyber risk management on the cloud. Implementing an effective, end-to-end cyber risk framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

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

Bobsguide

MARCH 21, 2022

CompatibL is proud to have been nominated in the following categories in this year’s FTF News Technology Innovation Awards: 5.Best Best Middle-Office Solution: CompatibL Risk Platform. Software Solution of the Year: CompatibL Risk Platform. About the FTF News Technology Innovation Awards. Voting will close on April 22.

Innovation 147

Innovation Technology Risk Management Analytics 147

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

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. However, while the technology is fine, the financial services (FinServ) offerings concern the president of Chinese financial investment platform Phoenix Finance.

Regulation 192

Regulation Fintech Phoenix Risk Management 192

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

PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release.

Regulation 140

Regulation Bitcoin Cyber Security cryptocurrency 140

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

Regulation 178

Regulation blockchain Marketing Strategy 178

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. It also solicits feedback on how to maximize stakeholder engagement.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

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. But what makes an exceptional BSA Officer?

Training 221

Training Compliance Regulation Software 221

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

PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. That translated, and still translates, into new ways of thinking about information security, and breaking down silos between departments and various risk management efforts. Looking At Trust .

Regulation 234

Regulation Security Data Course 234

Perficient

AUGUST 16, 2023

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. Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday.

United States 221

United States Kansas FDIC Risk Management 221

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. The Home Owners’ Loan Act.

Compliance 275

Compliance Risk Management System Regulation 275

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

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. Assess and control key risk areas with an effective credit policy.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

SEPTEMBER 11, 2023

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

Risk Management 195

Risk Management Data Technology Fintech 195

Cisco

JULY 12, 2022

As a key provider of technology for mission-critical financial system infrastructures across the globe, Cisco is held to the highest levels of scrutiny in the financial services regulatory audit chain. A key challenge is managing iterations of infrastructure in global financial enterprises which have spanned 50+ years of digitization.

Regulation 71

Regulation FDIC System Software 71

Perficient

MARCH 23, 2021

2052A Regulatory Calculations are available from Oracle FS Liquidity Risk Management. Federal Reserve Calculation of LCR, Modified LCR, FR 2052a (5G) Template, Regulation YY LCR, and pre-configured LCR scenario. 2052a validation checks are provided in the Oracle FSA-Lombard Risk Integration Pack. The system includes U.S.

Report 294

Report Tools Risk Management Data 294

Bobsguide

DECEMBER 26, 2016

Referring to technology that is designed to help banks and other financial institutions (FIs) comply with the increasingly complex regulation of their sector, reg-tech is now. In an industry prone to hype and hyperbole, ‘reg-tech’ is one of the hottest new buzzwords on the block.

Risk Management 112

Risk Management System Management Regulation 112

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

Abrigo

DECEMBER 14, 2023

In a banking landscape that is constantly changing with new regulations, increasing competition, and other new challenges, it is critical to maximize your strategic plan's effectiveness. Define actionable plans, such as what additional staff or technology you need to accomplish your goals. Every stakeholder should be on board.

Lending 221

Lending Risk Management Meeting Survey 221

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. Reputational risk is convoluted. Recent bank crises plead the case for risk management preparedness.

social media 170

social media Risk Management Analysis Industry 170

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . This whitepaper explains the basics of crypto and blockchain technology.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Stress testing can put a burden on smaller financial institutions, but today's technology "levels the playing field.". Stress testing and risk management. Now that's big. Learn More.

Lending 150

Lending Risk Management Analysis Capital 150

PYMNTS

MARCH 29, 2019

The division aims to bring the bank up to speed on emerging technologies and potentially draft regulations in the future. “As As a regulator, the RBI also has to explore new emerging areas to check what can be adopted and what cannot,” a person familiar with the matter told The Economic Times. “A

blockchain 241

blockchain Payments cryptocurrency Regulation 241

PYMNTS

JANUARY 22, 2020

With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. The think tank will gather leaders in several fields — from public policy, academia, civil society and technology.

Policies 131

Policies Risk Management Regulation Innovation 131

PYMNTS

SEPTEMBER 15, 2020

Yet despite the value in diversifying risk, managing these multiple banking and payment service provider relationships is a challenge as merchants are forced to switch between interfaces and accounts, without a complete view of their current financials in one place. All parties in the payment ecosystem.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

JANUARY 24, 2019

Dun & Bradstreet Global Head of Compliance and Supply Products Brian Alster said that, as the once-separate procurement and compliance efforts within organizations continue to converge, technology is going to play an increasingly critical role for businesses to manage the bombardment of risks, including fraud, non-compliance and cyberattacks.

Compliance 191

Compliance Risk Management Training Analysis 191

Perficient

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands.

Industry 83

Industry Risk Management Customer Experience Fraud 83

PYMNTS

NOVEMBER 16, 2020

PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says. The new development comes from a management buyout by Souter Investments , a private equity-focused family investment office, and Manfield Partners Limited.

Data 169

Data Regulation Risk Management Training 169

ABA Community Banking

MARCH 20, 2019

49 percent of the global companies interviewed had been victims of fraud or economic crime Compliance Risk Management Tech Management Security Feature3 Fintech Technology Online Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud Feature BSA/AML.

Meeting 72

Meeting Regulation Risk Management Compliance 72