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Data Governance in Banking and Financial Services – Importance, Tools and the Future.

Perficient

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
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CRA compliance: A data-driven strategy

Abrigo

In recent years, financial institutions have faced increasing regulations regarding their efforts to serve the needs of diverse communities. Partnering with local organizations to promote the health of their economic communities is often a top priority for banks.

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The High Cost Of KYC And AML Security Lapses

PYMNTS

percent: Projected CAGR of the global AML software market as measured from 2019 to 2026. 770,000: USD equivalent that Soneri Bank Limited was ordered to pay by the State Bank of Pakistan for violating AML, KYC and other regulations. 10,000: Number of KYC images from crypto exchange Binance allegedly accessed by a cybercriminal.

Security 192
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The CFPB section 1071 effective date

Abrigo

June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B. During 2025, this type of institution needs to collect data for the entire year and report it by June 1, 2026.

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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly. Cryptocurrency and Blockchain.

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OCC Highlights, AML & CRA Risks

Perficient

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.

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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

Murata said it is the global leader in multilayer ceramic capacitors, which are used to regulate electric flow in circuit boards, powering electronics from smartphones to cars. And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5 billion users, for a market share of about 40 percent.

Apple 187