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AI Regulations for Financial Services: OCC

Perficient

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

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Cloud Takes Center Stage at 2023 Bank Automation Summit

Perficient

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The “cloud” refers to a global network of servers, each with a unique function, that works in tandem to enable users to access files stored within from any approved device.

Data 492
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CEOs Sound Off: Payments forecasts for 2023

Payments Dive

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

Trends 455
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Banking regulators to rescind 2023 Community Reinvestment Act rule

ABA Community Banking

Banking regulators announced they intend to rescind the 2023 Community Reinvestment Act final rule in light of pending litigation. The post Banking regulators to rescind 2023 Community Reinvestment Act rule appeared first on ABA Banking Journal.

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Shifting from compliance to value with ISO 20022

Accenture: Banking

The new standard successfully launched globally in March 2023 with SWIFT CBPR+, and on the European Market Infrastructures of T2 (March 2023), Euro 1 (March 2023) and CHAPS RTGS (June 2023). The years-long ISO 20022 journey has achieved a major milestone this year: it is now being used for cross-border payments.

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These resources on interest rate risk, liquidity, and CECL got the most downloads in 2023

Abrigo

Takeaway 2 Readers in 2023 were most interested in getting information about preparing for exams, learning about stress testing, and seeing how peers manage loan review. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

Resources 221
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Lending and credit risk resources: The top downloads of 2023

Abrigo

Takeaway 2 Readers in 2023 were most interested in learning how the 1071 rule will impact banks and credit unions and about how automation improves processes. Concerns about credit risk have been in the headlines often in 2023, and financial institutions across the U.S. Papers, checklists What were lending and credit risk pros reading?

Resources 221