Abrigo

JUNE 4, 2024

With the changing political landscape, new regulations, shifting demographics, and economic uncertainty, getting the most up-to-date information from bank and credit union industry experts and peers has never been more important. Koch stressed the importance of using technology to enhance internal operations and service levels.

Compliance 221

Compliance Community Bank Community Conference 221

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. The emergence of modern alternatives to traditional credit scoring signifies a broader movement toward financial inclusion.

Trends 221

Trends Industry Analytics Compliance 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

PYMNTS

AUGUST 6, 2020

billion by 2024, indicating the corporate world’s record-high demand for instant payments. The bulk of this value is driven by savings and operational efficiencies, as AI could cut costs for banks by reducing the human error that occurs in payments and other operations. How Customer Expectations Have Driven Payments Innovation.

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Regulation Payments Innovation Fintech 245

Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives.

Tools 221

Tools Data Compliance Regulation 221

American Banker

DECEMBER 26, 2023

JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.

Regulation 90

Regulation Security Operations Report 90

Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

FEBRUARY 14, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." What tasks are required per regulations? We can help you navigate changing AML/CFT and fraud regulations. Prepare for unexpected changes in your AML staffing plan, making your plans a little more "disaster" proof.

Training 195

Training Fraud Compliance Regulation 195

Perficient

JUNE 25, 2024

Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI. We can work with you to enhance your control environment and design checkpoints to ensure your firm remains well-regulated. Contact us today to discuss your specific needs.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Abrigo

JULY 9, 2024

Proposed NPRM FinCEN's anticipated AML/CFT program rule The Financial Crimes Enforcement Network (FinCEN) recently unveiled its Notice of Proposed Rulemaking (NPRM) for AML/CFT programs, federal regulators’ latest move to enhance the integrity and effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT) efforts.

Compliance 221

Compliance Fraud Regulation National 221

Abrigo

SEPTEMBER 6, 2024

FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." Here is what you need to know.

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

DECEMBER 28, 2023

Papers, infographics on risk management Resources related to banking headlines were popular For banking risk and accounting staff, managing challenges tied to interest rates, liquidity, and credit portfolios will remain top-of-mind in 2024. Find out what auditors and regulators will be looking for as it relates to CECL.

Resources 221

Resources Risk Management eBook Strategy 221

Abrigo

NOVEMBER 22, 2024

A recent ACAMS poll from the Las Vegas Assembly 2024 Conference found that 57% of participants reported a stronger fraud focus during their BSA regulatory exams, with 17% noting a significant increase in fraud attention compared to previous years.

Fraud 195

Fraud Training Risk Management Compliance 195

PYMNTS

JULY 6, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s

Regulation 165

Regulation Report Operations Meeting 165

South State Correspondent

APRIL 9, 2024

For example, at the start of 2024 the market expected six interest rate cuts, while at the time of writing this article the market expects only 2.6 cuts in 2024 (65 bps) and the borrowing rate should already reflect this in the inverted yield curve. NOCRE is already scrutinized by bank regulators.

How To 195

How To Community Community Bank Marketing 195

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations.

Community Bank 195

Community Bank Community Compliance CA 195

Abrigo

SEPTEMBER 30, 2024

Ending inefficient siloes Combining fraud & AML/CFT insights Fraud and AML/CFT programs often operate in silos, each with its own manager, alerts, and investigative processes. Shared AML case management offers a way forward, helping institutions respond more effectively to evolving threats while staying compliant with new regulations.

Management 195

Management Fraud Software Compliance 195

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

BankBazaar

APRIL 11, 2024

India’s telecom regulator TRAI has unveiled new regulations aimed at introducing caller ID as a default service and preventing fraudulent SIM swap activities. It remains to be seen how these regulations will work with the upcoming Digital Personal Data Protection Act. Why the New Rules?

Regulation 60

Regulation Operations Mobile Security 60

Abrigo

JANUARY 22, 2024

billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. It is no secret that the significant increase in fraud is one of the biggest concerns financial institutions face today.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

AUGUST 5, 2024

You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention" register Takeaway 1 Financial fraud is becoming more sophisticated in today's world, and counterfeit checks and duplicate check deposits are significant threats. this year, making up 60% of all attempted fraud.

How To 195

How To Fraud Training Software 195

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

Abrigo

FEBRUARY 6, 2024

Yet despite warnings about the high prevalence and high costs of check fraud, many banks and credit unions operate without systematic fraud prevention programs or lack the technology to combat check fraud. According to fraud strategists , check fraud is projected to soar to $24 billion in 2024.

Fraud 221

Fraud Training Trends Regional 221

PYMNTS

SEPTEMBER 14, 2020

The new rules mandate that, while companies do not have to sell their operations, they must be totally independent from other facets of their business. The split must be achieved by June of 2024, and companies will have to outline their plans for such a split by Oct. 23 of this year, The Telegraph reports.

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Groups Company Report Operations 362

Abrigo

OCTOBER 30, 2024

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. What’s a leader to do? Manage risk more effectively.

Compliance 221

Compliance Training System Management 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

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. They are having to outsource a lot and increase their operating expenses without any offsetting revenue and while dealing with supply chain issues.” Get to know regulator expectations and priorities.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

DECEMBER 16, 2019

The decision has the potential for large consequences for the company, especially in Paris, where the Olympics will be held in 2024. The issue highlights how new industries can upend traditional norms, and not be subject to the same regulations that legacy industries, like hotels, must face.

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Regional Regulation Industry Groups 130

South State Correspondent

NOVEMBER 6, 2024

The conference is all about sales, partnerships, and deal-making, with 2024 being right at the baseline. Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each impacting bank operations in the coming year.

Conference 195

Conference Payments Fraud Apple 195

Perficient

NOVEMBER 12, 2024

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.

Regulation 221

Regulation System Compliance Training 221

South State Correspondent

APRIL 30, 2024

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. FDIC regulations afford QFCs certain rights and protections that will accrue to the hedge end-user (a community bank or a community bank borrower) if the hedge provider were to fail and the FDIC becomes the receiver.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. FDIC regulations afford QFCs certain rights and protections that will accrue to the hedge end-user (a community bank or a community bank borrower) if the hedge provider were to fail and the FDIC becomes the receiver.

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

OCTOBER 14, 2020

Prior to our licensing, AppotaPay only operated for our in-house services, such as payment for game titles that Gamota (a subsidiary of Appota) published. Thus, compared to other applications that take a lot of time to attract users, this is a huge advantage of AppotaPay,” Tran Vinh Quang, chief operating officer at Appota Group, told KrASIA.

Payments 130

Payments Groups Operations Marketing 130

PYMNTS

OCTOBER 22, 2020

Businesses around the world are warming to automations and other digital tools that can simplify these processes as they seek to sustain or grow their operations. trillion worth of sales by 2024. Suppliers also need to prepare invoices that meet the different standards and regulations in effect in their buyers’ home countries.

Report 159

Report Tools Examples Meeting 159

PYMNTS

JANUARY 27, 2020

billion by 2024. Regulators will be quick to crack down on companies that enable criminal activity, and merchants and consumers will depart if they cannot trust services with funds or data. Risk factors include a merchant’s industry, its customers’ average transaction values, and its operating locations.

Strategy 155

Strategy Payments Fraud Tools 155

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. and 53% indirect costs: operations, IT, human resources, etc.

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Banking Trends Trends Millennials Oregon 110