Abrigo

NOVEMBER 4, 2024

See tailored AML/CFT solutions that can improve your compliance. Core components of a successful monitoring program Effective suspicious activity monitoring programs must include several essential components to ensure compliance and timely suspicious activity report (SAR) filing.

Training 195

Training Compliance System Regulation 195

PYMNTS

JULY 20, 2020

Contract Analytics represents a game changer for buy- and sell-side contract management,” Brent MacLean , global head of commercial at Conduent, said in the release. The solution is a powerful, data-mining tool to help leaders extract intelligence from a multitude of legal instruments to make more informed and effective business decisions.”.

Tools 175

Tools Management Analytics Compliance 175

Perficient

MARCH 30, 2023

The “cloud” refers to a global network of servers, each with a unique function, that works in tandem to enable users to access files stored within from any approved device. Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud.

Security 492

Security Training Data Regional 492

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. Hsu highlighted that each phase requires different risk management strategies and controls.

Regulation 221

Regulation Risk Management Compliance Fraud 221

PYMNTS

FEBRUARY 8, 2018

Being a program manager isn’t easy. If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy.

Management 167

Management Compliance Maine Policies 167

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued. Bill payment revenues were $17.4

Compliance 160

Compliance Fraud Operations Management 160

PYMNTS

SEPTEMBER 9, 2019

Software-as-a-Service FinTech HighRadius is collaborating with bank reference automation firm Confirmation to broaden the functionality of HighRadius’ Online Credit Application solution. According to a press release on Thursday (Sept.

Management 108

Management Online America Data 108

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

PYMNTS

MARCH 24, 2017

Compliance is also becoming an enterprise-wide endeavor, and compliance officers must adopt a global mindset. When asked as to what the three things that are most urgently in need of attention when it comes to compliance and fraud, Gurz said that “one is balancing efficiencies versus risk.

Compliance 157

Compliance Fraud Regional Examples 157

CFPB Monitor

NOVEMBER 10, 2016

The Federal Financial Institutions Examination Council (FFIEC), whose members include the CFPB, has finalized guidance setting forth a revised uniform interagency consumer compliance rating system (CCRS). The revisions reflect changes in consumer compliance supervision since the current rating system was adopted in 1980.

Compliance 120

Compliance System Regulation FDIC 120

Perficient

DECEMBER 2, 2020

It’s the place to chat with your team, connect to meetings and gather notes, it helps manage and provide a single interface for your tasks and projects and work teams. Leveraging policies and labels for compliance and discovery is highly encouraged. The MANAGED stage brings maturity in the multi staged environment.

Community 340

Community Meeting Training Conference 340

PYMNTS

NOVEMBER 30, 2018

Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. That precipitates the need to have new ways of look at risk management.”. The Expanded World Of Risks.

Risk Management 162

Risk Management Management Payments Fraud 162

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. In reference to corporate governance, Wells Fargo has two months to boost board oversight and compliance efforts.

Risk Management 100

Risk Management Management Compliance Groups 100

Cisco

JANUARY 24, 2023

The purpose of this blog is to discuss a few ways in which tooling and automation capabilities can be used to satisfy the asset management requirements of the FFIEC Operations Guide. Financial institutions are regulated to be able to manage, secure, and audit their IT assets. Or the load balancers. Or virtual machines.

Meeting 91

Meeting Regulation Management Technology 91

Perficient

MARCH 22, 2021

Managed service offerings (MSO) is the department in an organization responsible for all application support activities. Tiered support refers to the way that a support center is organized to handle incoming support issues in the most effective and efficient manner possible. SLA compliance based on incident priority. Monitoring.

Analysis 294

Analysis System Groups Management 294

CFPB Monitor

MAY 11, 2020

On May 6, 2020, the CFPB issued an ECOA/Regulation B “Compliance Aid” containing three FAQs that clarify certain issues related to notification of action taken on Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loan applications. The Compliance Aid is available here.

Compliance 78

Compliance Regulation Data Security 78

Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices.

System 195

System Regulation How To Lending 195

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Credit Decisions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

CFPB Monitor

DECEMBER 20, 2021

On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) released draft principles for climate-related financial risk management for large banks. The draft principles are intended to provide a framework for safe and sound management of exposures to climate-related financial risks.

Risk Management 78

Risk Management Management Policies Operations 78

Perficient

MARCH 7, 2021

With adoption rates of Power Platform skyrocketing, so do the critical questions of groups (Security, Compliance, IT, Legal) within the organization : “How do we limit our exposure to data leaks?”. How do we manage use?”. The third is to begin establishing the organizational policies, procedures and compliance needs to fit your needs.

Resources 322

Resources Compliance Innovation Analytics 322

Perficient

JUNE 1, 2022

Transactions that are not reported within the specified timeframe are classified as late (FINRA TRACE reporting requirements always reference Eastern Time). I’ve created a guide, The What, Why, and How of TRACE Reporting Compliance , that outlines the intricacies, rules, and regulations surrounding TRACE. Interested in learning more?

Report 294

Report Security Regulation System 294

Perficient

NOVEMBER 30, 2021

As always, the regulators’ main concern was to promote safety and soundness, consumer protection, and compliance with applicable laws and regulations, including anti-money laundering (AML) and illicit finance statutes and rules. Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

South State Correspondent

SEPTEMBER 25, 2024

While a gen AI application can manage data and knowledge to be conversant, the intelligent agent leverages gen AI to turn suggestions into action. The intelligent agent interprets the question or command and then references a bank’s goals and policies to formulate a response.

Data 195

Data Examples System Management 195

South State Correspondent

SEPTEMBER 25, 2024

While a gen AI application can manage data and knowledge to be conversant, the intelligent agent leverages gen AI to turn suggestions into action. The intelligent agent interprets the question or command and then references a bank’s goals and policies to formulate a response.

Data 195

Data Examples System Management 195

South State Correspondent

JULY 29, 2024

We provided both a robust set of filters and some “Quick Filters” to create a customized list of conferences to review if you just want conferences around payments or compliance. Conference managers can use the tool to check for open dates and conflicts, compare agendas, and identify trending topics.

Conference 195

Conference Las Vegas Tools Training 195

ForwardBanker

JULY 25, 2019

In June 2017, the Alternative Reference Rates Committee (ARRC) selected the Secured Overnight Financing Rate (SOFR) as the replacement for USD LIBOR. The post Reference rates and the LIBOR sunset: Cause for concern? SOFR is based on the overnight interest rate received for lending cash against Treasury securities.

Lending 28

Lending Security US New York 28

PYMNTS

DECEMBER 29, 2020

In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo , said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the needs of their end customers. Platforms and single access points help bridge the gap between traditional banks and eCommerce.

Digital Banking 289

Digital Banking Compliance Online Payments 289

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Takeaway 3 Aite Group assessed client references to evaluate vendors of loan origination systems and important features. LOS process management features. Beyond Origination. Workflow & Analysis.

System 195

System Lending Analysis Software 195

PYMNTS

NOVEMBER 6, 2020

A virtual IBAN is a reference number issued by a bank that allows payments to be routed to a physical/regular bank account, and in terms of process, the virtual numbers act in the same manner as their brick and mortar variations. The banks need to be connected to the eCommerce world.

Payments 246

Payments Compliance Operations Resources 246

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021. Fair lending.

FDIC 78

FDIC Compliance Lending Regulation 78

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Perficient

JUNE 25, 2024

Eventually, algorithms took over entirely, automatically buying and selling securities according to pre-determined instructions without the need for human intervention. Using the evolution of electronic trading as a reference, Hsu outlined three phases in its history: Inputs: Computers provided information for human traders to consider.

Case Study 221

Case Study Risk Management Analysis Innovation 221

FICO

OCTOBER 2, 2018

In the past few years, we have seen increasing pressure on compliance officers to investigate for new money laundering schemes. Clearly, we need other approaches to AML case management than hiring investigators. An increase in both effectiveness and efficiency of the overall compliance process is required. The Regulator’s View.

Management 58

Management Compliance Regulation Industry 58

Perficient

AUGUST 14, 2020

The process of taking a concept or idea through a series of steps such as idea validation, market research, prototyping and design, engineering specification, compliance, and approval to turn the concept into a product is referred to as the Product Lifecycle. The Product Journey.

System 332

System Software Marketing Innovation 332

PYMNTS

AUGUST 13, 2019

Lending-as-a-service company ezbob is rolling out a new solution designed to enable banks to more easily onboard clients and manage their Know Your Customer (KYC) due diligence. ” Last year, ezbob announced a partnership with American Express in which Amex refers its U.K. A press release issued on Monday (Aug.

Lending 108

Lending Compliance Analysis Data 108

Perficient

FEBRUARY 13, 2021

As a final note, this new policy attribute relates to the Microsoft Teams recording solution for 1:1 calls, this won’t affect 1:1 Compliance Recording, which will continue to be controlled via the Compliance Recording policy. So with such a big update coming down the pike, how will you manage this?

Meeting 520

Meeting Policies Groups Training 520