Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

New York 221

New York Compliance Regulation Analysis 221

Bobsguide

MAY 14, 2022

Selected partners will deliver independent assessments and provide additional perspectives in specified areas that could be included in assessing the Banks’ risks and/or reviewing Banks’ compliance with the regulatory requirements.

Compliance 145

Compliance Risk Management Analysis Maine 145

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122

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. See tailored AML/CFT solutions that can improve your compliance. Learn more 1.

Compliance 221

Compliance Training System Management 221

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

Perficient

NOVEMBER 19, 2024

While not legally binding, the Guidelines are expected to support and induce voluntary efforts by developers, providers, and business users of AI systems through compliance with generally recognized AI principles and are similar to the EU regulations discussed previously in that they propose a risk-based approach.

Regulation 221

Regulation Guidelines System Compliance 221

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . What are model risk management and model validation? Appropriate” and “timely” are relative concepts, so for low-risk models, an analysis might occur every three years.

Risk Management 195

Risk Management Management Regulation Analysis 195

Abrigo

MARCH 21, 2023

You might also like this video on managing interest rate risk. Takeaway 3 Diving deeper into depositor pricing and evaluating loan pricing to ensure compensation for the risk are among strategies to manage interest rate risk. Stay up to date with Abrigo advisors' ideas for managing interest rate risk.

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

MAY 2, 2024

We'll cover everything from understanding the borrower's needs to the fundamentals of financial analysis and the importance of building a trusted relationship with borrowers. Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework.

Lending 221

Lending Strategy Analysis Policies 221

Jack Henry

JULY 8, 2024

It’s crucial to understand upcoming compliance dates and how technology can aid your financial institution in fulfilling these new obligations for data collection and reporting. The implementation of Section 1071 of the Dodd Frank Act brings a significant shift in reporting requirements for small business lending.

Compliance 79

Compliance Lending Data Report 79

BankInovation

APRIL 12, 2023

USAA is using a combination of artificial intelligence-powered natural language processing and manual tagging to manage consumer complaints as more companies employ AI-based chat bots.

Analysis 52

Analysis Compliance Tools Management 52

Abrigo

FEBRUARY 24, 2022

Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management.

Management 195

Management Analysis Strategy Policies 195

Abrigo

MAY 22, 2019

Department of the Treasury recently published A Framework for OFAC Compliance Commitments to provide financial institutions and other organizations with OFAC’s perspective on the essential components of a sanctions program. Financial institutions have the tools needed to ensure a sound OFAC Compliance Program thanks to this new guidance.

Compliance 150

Compliance Regulation Regional United States 150

PYMNTS

MAY 16, 2019

Product compliance and risk management technology firm Decernis is collaborating with Viaware , an IT company in the food contact materials space, to promote compliance in the supply chain. Compliance in the food and food packaging space can be complex , the companies noted.

Compliance 115

Compliance Regulation Risk Management Software 115

Perficient

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. Conquer Compliance The insights that Carl and Chandni gathered at XLoD highlight the ongoing evolution within the industry.

Exercises 221

Exercises Compliance Risk Management Video 221

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., However, there is a range of other areas of noncompliance risk for these businesses.

Compliance 117

Compliance Risk Management Lending Regulation 117

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. The idea of robust supplier and third-party risk management was rarely the topic of conversation for the C-suite.

Risk Management 148

Risk Management Management Analysis Strategy 148

PYMNTS

DECEMBER 8, 2020

3DS2) compliance. Spreedly’s 3DS2 offering takes in and transmits cardholder information to its 3DS2 server to conduct transaction risk analysis and heighten the cardholder’s probability of a frictionless checkout experience, according to the post. Spreedly announced Tuesday (Dec.

Compliance 140

Compliance Payments Analysis Software 140

PYMNTS

JUNE 10, 2019

Oracle has announced new enhancements for its Retail Brand Compliance Management Cloud Service , which will enable retailers to monitor the integrity of their materials and end products. The biggest names in grocery rely on Oracle Retail Brand Compliance to meet these expectations, while protecting their customers and brands.”

Compliance 115

Compliance Retail Branding Management 115

Abrigo

DECEMBER 29, 2023

CFPB 1071 rule: Checklist for compliance success Despite efforts to scrap the new small-business lending rule finalized in 2023, financial institutions have continued to prepare to comply. The most popular resource on lending and credit topics in 2023 was this checklist to help prepare for compliance.

Resources 221

Resources Lending Risk Management Policies 221

PYMNTS

JULY 2, 2019

In response, data — both the aggregation and analysis of it — is increasingly vital to remaining compliant, and fighting financial crime. ” Acuris Risk Intelligence positions itself as a service provider for FIs, allowing them to access the information they need to manage compliance. “Regulators in the U.S.

Compliance 115

Compliance Regulation Data Analysis 115

PYMNTS

AUGUST 23, 2019

And blockchain analysis firm Chainalysis announced the launch of suspicious cryptocurrency transaction alerts in Chainalysis Know Your Transaction (KYT). It is the first compliance alerts solution available across 15 cryptocurrencies.

blockchain 124

blockchain Analysis cryptocurrency Bitcoin 124

PYMNTS

AUGUST 23, 2018

The data security requirements have wide-reaching implications for businesses across sectors, but as companies expand globally and business partners connect on digital channels, supply chains’ GDPR compliance is an increasing focus of security and compliance initiatives in the enterprise.

Compliance 119

Compliance Data social media Security 119

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. Improve tickler management: Ticklers are often managed by committee, but accountability and follow-through are necessary to ensure these tasks are handled efficiently.

Training 195

Training Risk Management Analysis Policies 195

PYMNTS

SEPTEMBER 17, 2018

Fleet management has vast opportunities in digitization. Worse, Teletrac Navman concluded, fleet managers’ return on investment (ROI) for the technologies they did adopt has dropped. Technology adoption is at an all-time high for this industry, according to Teletrac Navman’s recent Telematics Benchmark Report: U.S.

Compliance 139

Compliance Industry Technology Data 139

Perficient

SEPTEMBER 22, 2020

Azure analytics and data storage was rebuilt from the ground up cloud first to support real-time analysis of Petabytes of data. Advanced AI for content management. New D365 Supply chain management tool with real-time inventory, voice channel and project operations. Microsoft Teams had so many announcements!

Analytics 593

Analytics Meeting Video Data 593

Abrigo

AUGUST 26, 2024

Takeaway 3 Consider risks tied to methodology, the use of third parties, management bias, and estimation uncertainty during a CECL model risk assessment. Understanding how to identify these potential CECL risks is essential for ensuring compliance and accuracy in credit loss estimates. Has a loss driver analysis been completed?

Compliance 195

Compliance Management Regulation Data 195

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

Accenture

NOVEMBER 20, 2015

Compliance with Anti-Money Laundering (AML) regulations can be a struggle for banks—and it can also mean higher costs. Our experience and industry analysis indicate costs for AML compliance have risen an estimated 50 percent in the past three years. Read more.

Compliance 150

Compliance Analysis Regulation Industry 150

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17). Pater will lead the combined entity as CEO, while Nailand will continue to serve as managing director of Visual Risk.

Compliance 100

Compliance Risk Management Tools Software 100

Perficient

FEBRUARY 29, 2024

Through the analysis of diverse data sets, automation of loan processing, and consideration of varied factors, financial institutions are not only increasing customer satisfaction and reducing operational costs but also fostering resilience in the face of evolving economic landscapes.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

NOVEMBER 13, 2024

Despite borrowing more and tapping credit lines, they're managing leverage and meeting debt obligations, according to Abrigo's proprietary data. They’re borrowing more, but they’re also managing their leverage and meeting debt obligations —even as they feel the pressure of high rates. Business credit line utilization is up.

Lending 195

Lending Meeting Data Risk Management 195

Insights on Business

MARCH 4, 2019

As risk managers today are under enormous pressure from multiple directions and financial institutions are being flooded with an embarrassment of complex data that is testing the capabilities of their risk systems, maintaining the status quo is becoming difficult. Introducing the IBM RegTalk webinar series episode 3.

Analysis 79

Analysis Report Regulation Compliance 79

PYMNTS

JULY 25, 2019

When it comes to regulatory compliance, no corporate is an island. An organization may have the resources to stay on top of ever-evolving regulations, but increasingly, businesses are being held accountable not only for their own compliance standing, but also that of their business partners down the supply chain. Is there an exception?

Compliance 100

Compliance Regulation Data Analytics 100

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70