Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Textual analysis. Textual analysis refers to the use of NLP for handling unstructured data (generally text) and obtaining insights from that data or improving efficiency of existing processes.

Regulation 309

Regulation Industry Risk Management Analysis 309

Perficient

MAY 30, 2024

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. They want to know how AI and machine learning can enhance the capabilities of compliance, legal, and risk professionals in managing non-financial risk.

Compliance 221

Compliance Industry New York social media 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

JANUARY 18, 2023

As a result, the pace of data privacy and data regulation has accelerated on a global scale. Sensitive Data: Regulated. Highly Sensitive Data: Subject to high regulation. Is this data subject to local or global regulations? i.e., employee salaries. . Data leaks might result in high business impact and financial loss.

Regulation 275

Regulation Data Security Compliance 275

South State Correspondent

APRIL 1, 2025

In this article, we will explore how banks can leverage RCS, the potential risks and rewards involved and provide an analysis between RCS and SMS. Regulatory Challenges: Banks must navigate complex regulatory environments to ensure compliance with data protection and communication laws when using RCS.

Marketing 195

Marketing Security Analytics User Experience 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. Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

Accenture: Banking

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

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

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

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. The root cause of these enforcement actions was due to the misinterpretation of OFAC regulations.

Compliance 150

Compliance Regulation Regional United States 150

Abrigo

MARCH 10, 2025

Institutions must show robust governance,ongoing monitoring, and meaningful analysis of both quantitative and qualitative factors (Q factors). Institutions must show evidence of robust governance, ongoing monitoring, and meaningful analysis of both quantitative and qualitative factors (Q factors).

Analysis 195

Analysis Data Management Examples 195

PYMNTS

FEBRUARY 21, 2019

Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. Accutive said that the combination of both solutions supports organizations’ data protection compliance and security needs under GDPR , HIPAA and other data protection regulations.

Compliance 128

Compliance Data Security Training 128

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. Starting today, U.S. The Legal Situation. Analyst Vivien Azer said the 6.9

Compliance 167

Compliance Industry Payments Policies 167

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

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

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

Capital 294

Capital Regulation United States Exercises 294

PYMNTS

JULY 2, 2019

When reports last week in the Financial Times ( FT ) highlighted the thousands of offshore bank accounts frozen by Lloyds Banking Group , the news thrust the issue of anti-money laundering (AML) into the global spotlight, once again, as banks ramp up efforts to comply with more stringent regulations.

Compliance 115

Compliance Regulation Data Analysis 115

PYMNTS

SEPTEMBER 17, 2018

According to Sid Nair, senior director of transport and compliance at Teletrac Navman, fleet managers appear to be adopting technologies like ELDs merely to maintain compliance. “That’s likely due to tech fatigue, especially in the wake of regulations that [demand] new technology, like ELDs.”

Compliance 139

Compliance Industry Technology Data 139

Perficient

JUNE 16, 2020

Data Integration and Compliance. GCP enables you to stay compliant with HIPAA and FedRAMP regulations with their built-in standards. Cloud Adoption and Collaboration. Ease provider adoption with cloud platforms that increase collaboration between both colleagues and patients.

Google 322

Google Colorado Data Compliance 322

PYMNTS

DECEMBER 19, 2018

securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Kimberly Earle, a former team leader at DERA, said there are many unanswered questions about the directive.

Regulation 128

Regulation Data Analysis Compliance 128

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Know Your Customer is another area of compliance friction for these companies, added Wales, as money laundering and terrorist financing become more significant threats to the borrowing and lending space. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

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

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 European Union (EU) General Data Protection Regulation (GDPR) came into effect in May, but most businesses in the region still aren’t compliant with the rules. GDPR compliance must be a component of the supplier relationship management strategy, analysts said.

Compliance 119

Compliance Data social media Security 119

Abrigo

JANUARY 24, 2025

As Trepps analysis highlighted, their reliance on relationship-driven lending and tighter funding conditions make their experiences more nuanced. The good news is that we did an analysis about two months ago where we looked at the top 100 bank holding companies across the U.S.,

Lending 221

Lending Trends Risk Management Management 221

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

SEPTEMBER 24, 2024

You might also like this checklist, "6 steps for compliance with the new AML/CFT program rules." Takeaway 3 Financial institutions evaluating AML/CFT software have several compliance considerations related to involving humans in processes. As AML/CFT investigators understand, the BSA world is not black and white.

Software 195

Software Management Compliance Resources 195

Abrigo

APRIL 12, 2021

Compliance. Another factor to consider in the “build vs. buy” argument is that any loan origination system must comply with current regulations and industry standards. Some third-party vendors are regulated by the Federal Financial Institutions Examinations Council (FFIEC). Credit Analysis Training. Implementation speed.

System 338

System Lending Software Analysis 338

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . Worldwide, banks paid out approximately $321 billion between 2009 and 2016, for example, because they failed to comply with money laundering, terrorist financing and other regulations. . Rethinking Security Strategies .

Compliance 181

Compliance Regulation Chicago Tools 181

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. The proposed rule’s requirement that boards of directors not only approve programs but also oversee them emphasizes the importance of top-level governance and a strong culture of compliance.

Compliance 221

Compliance Fraud Regulation National 221

Abrigo

OCTOBER 8, 2014

Regulatory compliance. Regulatory Compliance. The greatest business concerns for the banks were regulatory compliance, growing loans and managing risk, with regulatory compliance topping the list by a wide margin. Of those asking for regulatory relief, many argued that banking regulations are hurting the economy.

Community Bank 191

Community Bank Community Strategy Risk Management 191

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

Abrigo

MAY 6, 2015

If auditors are spending much of their time on the “routine” aspects of an audit ( planning the audit engagement , calculating expected values and reporting), they could be left with little if any time for reviewing and analyzing data so that they can provide a broader and more global picture and analysis of the business.

Analytics 150

Analytics Compliance Analysis Data 150

Chris Skinner

MAY 23, 2017

Commissioned by the Financial Conduct Authority (FCA), the UK regulator, the aim was to identify how Industry Sandboxes, rather than Regulatory Sandboxes, can help to create new services in finance. Every year, the guys summarise the state of the FinTech world and this year’s analysis clearly shows the Asian Tigers rising.

Fintech 202

Fintech Innovation Compliance Industry 202

Jeff For Banks

JUNE 17, 2024

If the CFPB was so concerned about fees charged by banks, perhaps they should perform an analysis of over regulation that is a key contributor to fees charged by banks? Regulators must not have read that article. What do regulators think will happen? I cannot lay the sole blame at the feet of regulators.

Regulation 113

Regulation Retail Fraud Operations 113

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

Compliance 100

Compliance blockchain Regulation Data 100