Perficient

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control.

Exercises 221

Exercises Compliance Risk Management Video 221

Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Find out what auditors and regulators will be looking for as it relates to CECL.

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FDIC Regulation Strategy Data 195

Perficient

NOVEMBER 4, 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.

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FDIC Regulation Risk Management Compliance 170

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. This opening panel session of ThinkBIG 2024 was just one of many presentations from over 90 speakers this week.

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Compliance Community Bank Community Conference 221

ATM Marketplace

MARCH 19, 2024

What's the roadmap for ATM regulations look like for 2024?

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ATM Regulation 122

Payments Dive

JANUARY 31, 2024

The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.

Payments 221

Payments Regulation Fintech Industry 221

Abrigo

JANUARY 30, 2024

The ThinkBIG 2024 conference is June 3-6 in Phoenix, Arizona, and with 99% of last year’s attendees saying they would recommend the conference to others, Abrigo expects another large crowd. The 2024 ThinkBIG conference offers two conference tracks along with larger general sessions that will set financial institutions up for success.

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Conference Arizona Phoenix Fraud 195

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. Fraud Detection Banks are increasingly turning to AI-powered solutions to effectively detect and prevent fraudulent activities.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

JUNE 28, 2024

Navigating interest rate management in today's environment As regulators focus on interest rate risk management, read about what financial institutions can do to be ready for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." Upcoming exam?

Community Bank 195

Community Bank Strategy Community Management 195

CFPB Monitor

JANUARY 16, 2024

In remarks to the press and public on January 2, 2024, New York Governor Kathy Hochul announced “a sweeping consumer protection and affordability agenda”, including proposed actions to “strengthen consumer protections against unfair business practices” and “establish nation-leading regulations for the Buy Now Pay Later loan industry”.

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New York National Regulation Examples 156

PYMNTS

AUGUST 6, 2020

billion by 2024, indicating the corporate world’s record-high demand for instant payments. Corporates crave fast payments from banks, but financial institution (FI) payments are often hamstrung by regulations and cross-border frictions that FinTechs do not face. Developments From Around The World Of Payments Modernization.

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Regulation Payments Innovation Fintech 245

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

Payments Dive

JULY 2, 2024

Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

New York 195

New York Regulation Industry 195

Perficient

JANUARY 23, 2024

This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024. Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. What’s New? Additional benefits brought by this change are: Workplace flexibility promotes diversity and attracts stronger talent.

Compliance 221

Compliance Regulation Industry Maine 221

Abrigo

JANUARY 3, 2024

1, 2024, many companies must begin reporting information about who ultimately owns or controls them to a federal beneficial ownership registry. 1, 2024, many companies are required to begin reporting to the U.S. 1, 2024, have one year (i.e., This is in line with the current CDD regulations. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 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

Perficient

DECEMBER 1, 2023

Despite this proactive approach, federal banking regulators either neglected to review the same documents or did so without taking necessary action before the bank failed. Commencing with the first quarterly assessment period of 2024 (i.e., Contact us today to navigate the evolving landscape of risk and regulation successfully.

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FDIC Risk Management Regulation Leadership 221

BankInovation

JULY 2, 2024

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.

Regulation 98

Regulation Industry Payments 98

PYMNTS

AUGUST 31, 2020

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024.

Payments 338

Payments System Regulation Innovation 338

CFPB Monitor

JANUARY 3, 2024

This New Year is setting up to be a momentous one for the consumer financial services industry in the United States Supreme Court.

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Industry United States National Regulation 97

CFPB Monitor

JANUARY 30, 2024

House Bill 254 (HB 254), introduced on January 10, 2024 in the Maryland House of Delegates, would add Subtitle 15 – the “True Lender Act” – to Title 12 (Credit Regulations) of the Maryland Commercial Law. Continue Reading

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Maryland Regulation 148

PYMNTS

SEPTEMBER 14, 2020

The split must be achieved by June of 2024, and companies will have to outline their plans for such a split by Oct. 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. 23 of this year, The Telegraph reports.

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Groups Company Report Operations 362

American Banker

DECEMBER 2, 2024

As 2024 comes to a close, trends such as open banking, fights over credit card fees and the future of faster payments are still in flux.

Payments 81

Payments Trends Cards cryptocurrency 81

CFPB Monitor

JANUARY 25, 2024

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay Later (“BNPL”) legislation in her Proposed 2024-2025 Transportation, Economic Development and Environmental Conservation (“TED”) (..)

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New York National Regulation Industry 139

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

The crypto landscape is poised for significant developments in 2024, including a focus on tokenization, legislative uncertainties, a regulatory tug-of-war between the SEC and CFTC, and a potentially bullish year for Bitcoin.

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Bitcoin Policies cryptocurrency Compliance 88

ABA Community Banking

JULY 12, 2024

Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration. The post Regulators release 2024 list of distressed, underserved communities appeared first on ABA Banking Journal.

Community 52

Community Regulation FDIC Community Bank 52

Abrigo

FEBRUARY 10, 2023

Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive. It proposes regulations for disclosing BOI to specific groups, including financial institutions.

Fraud 195

Fraud Training Regulation Compliance 195

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. billion by 2024. Many banks and government regulators have a growing sense of distrust in cryptocurrency exchanges due to this widespread lack of compliance. About The Playbook.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

American Banker

MARCH 13, 2024

Bank M&A activity has been in the doldrums in recent years, but a number of CEOs are predicting an increase in bank consolidation in 2024.

Regulation 70

Regulation 70

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). 1, 2024, is the earliest compliance deadline. The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B.

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Compliance Lending Data Regulation 195

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Perficient

APRIL 18, 2024

Open banking transforms the way financial data is shared and accessed, allowing third-party data providers and other banks to access financial data in traditional banking systems through application programming interfaces (APIs). Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

Cards 221

Cards Data Regulation Apple 221

BankInovation

JULY 30, 2024

Bank of Valletta Project Manager of Portfolio Delivery Agata Wolska will speak at Bank Automation Summit Europe 2024 on the state of AI regulation. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss AI, regulation, automation and data. The summit takes place Oct.

Regulation 72

Regulation Industry Data Management 72

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

American Banker

DECEMBER 25, 2023

Federal regulators will look to finalize capital rules for banks with at least $100 billion of assets. Here's what to look for as the contentious regulations move through the rulemaking process.

Regulation 100

Regulation Capital Policies Compliance 100

Perficient

DECEMBER 21, 2023

Regulators to Bank Boards: “Debt is Good” Crucial Update: Extension of the Comment Period Since Perficient’s Risk and Regulatory Compliance Center of Excellence (CoE) analyzed this decision in September, a significant development has occurred. .” Learn More: U.S.

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DC FDIC Washington Compliance 221