Abrigo

MARCH 21, 2025

This article covers these key topics: Updates to CRA compliance requirements CRA compliance by bank size: W hats required ? How data analytics can simplify CRA compliance Complying with enhanced CRA data requirements Most banks recognize that their enterprises can only thrive if their customers do , too.

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Compliance Strategy Data Lending 195

Perficient

FEBRUARY 16, 2023

What is ServiceNow Financial Services Operations (FSO): Financial Services Operations (FSO) is an out-of-box offering by ServiceNow utilizing its existing platform custom-tailored to the use cases for Financial Institutions providing a comprehensive solution for managing operations end-to-end.

Operations 474

Operations Industry Compliance Management 474

Abrigo

FEBRUARY 20, 2025

When integrated strategically, AI allows BSA and fraud teams to focus on higher-risk cases and conduct more thorough investigations while maintaining complete control over compliance processes. Why AI wont replace compliance professionals Despite its advancements, AI cannot replace human judgment in financial crime investigations.

Compliance 195

Compliance Fraud Tools Texas 195

Abrigo

JUNE 14, 2021

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Takeaway 1 OFAC has issued new guidance on the essential components of a strong compliance program. learn more.

Compliance 370

Compliance Training Resources Policies 370

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.

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Tools Data Compliance Regulation 221

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Operational Security.

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Perficient

FEBRUARY 12, 2025

The industry faces numerous challenges, including protecting sensitive data, navigating evolving regulations, and outdated legacy systems. This transformation will require a delicate balance between innovation and compliance, ensuring that advancements in AI contribute to a secure and efficient payments landscape.

Trends 221

Trends Payments Compliance blockchain 221

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.

Compliance 221

Compliance Training System Management 221

Perficient

MARCH 17, 2025

We are witnessing the integration of AI, the rise of hyper-personalization, and the adoption of advanced digital platforms, all of which are revolutionizing operations and client interactions. Recommended Approach: To navigate these regulatory shifts, financial institutions must balance innovation with compliance.

Trends 221

Trends Analytics Compliance Strategy 221

Abrigo

FEBRUARY 6, 2025

Federal regulations under the Controlled Substances Act (CSA) still classify marijuana as a Schedule I substance, along with heroin and methamphetamine. With this regulatory risk and associated operational complexities, there is plenty for financial institutions to consider before diving into cannabis lending.

Lending 195

Lending Compliance Community Software 195

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. Resuming Operations.

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Compliance Regulation Fintech Resources 182

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

FEBRUARY 27, 2025

Digital transformation will remain a powerful force, with advancements in AI and machine learning enabling unparalleled operational efficiencies and hyper-personalized customer experiences. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

Abrigo

NOVEMBER 22, 2024

Institutions using FRAML often find themselves better positioned to identify suspicious activities linking fraud and money laundering, potentially reducing compliance costs while improving outcomes. With FRAML, institutions can reduce duplicated technology and staffing needs, creating operational efficiencies that lower costs.

Fraud 195

Fraud Training Risk Management Compliance 195

Abrigo

JANUARY 27, 2025

Transaction monitoring ensures more than just compliance Without reliable client and transactional data coming into your monitoring system, either manually or automatically, you could miss crucial suspicious activity. Maintain compliance with anti-money laundering (AML) regulations. What is transaction monitoring?

Data 195

Data Compliance Fraud Training 195

Abrigo

DECEMBER 26, 2024

Indeed, examiners are expected to emphasize that financial institutions must develop and maintain a culture of compliance. Compliance is not optional," said Josh Hawkins, Senior Director of Abrigos Financial Crimes Investigation Unit. Those changes require upgraded technology and staffing efforts. Our Advisory Services team can help.

Fraud 195

Fraud Compliance South Dakota Resources 195

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. Many banking firms that are operating with multiple legacy systems are curious about implementing new AI technologies. Sessions include a keynote interview with former FBI director James B.

Compliance 221

Compliance Industry New York social media 221

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 225

Compliance Regulation Guidelines Security 225

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. Data leaks could result in losing permission to continue operations. Is this data subject to local or global regulations?

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Regulation Data Security Compliance 275

Bank Innovation

MAY 16, 2017

Last year, regulators in New York decided to take cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring banks and other FIs to establish a stricter cybersecurity program.

Regulation 325

Regulation New York Data Report 325

Abrigo

AUGUST 19, 2024

A strong BSA prog r am starts with FFIEC compliance Building a robust BSA program means having access to the staffing and resources you need. You might also like this podcast, "Ensuring access to the FFIEC’s suitable resources at your financial institution: What BSA compliance officers need to know.

Resources 195

Resources Compliance Management Training 195

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Regulatory agencies, like the Federal Reserve or CFPB, act as traffic controllers, ensuring everything operates smoothly and securely.

System 195

System Payments Fraud Regulation 195

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. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 191

Compliance Risk Management Training Analysis 191

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 223

Compliance Tools Fraud Regulation 223

Perficient

FEBRUARY 24, 2025

Despite federal pushback, state-level initiatives and international regulations, particularly from the EU, continue to drive the importance of ESG. Despite expanding industry assets and revenues, operating margins are under pressure, making profitability a top priority.

Trends 221

Trends Management Strategy Analytics 221

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

SEPTEMBER 6, 2024

You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." This includes monitoring their activities, understanding their client base, and ensuring they adhere to the same standards as other regulated entities. Here is what you need to know.

Compliance 195

Compliance Training Fraud Regulation 195

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

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Regulation social media Compliance California 211

Independent Banker

AUGUST 31, 2022

In today’s intense regulatory landscape, compliance extends to every aspect of banking, so much so that no one person or team can be solely charged with managing a bank’s compliance requirements. In fact, compliance has grown to become a massive responsibility that must be part of every employee’s job. My top three.

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Compliance Community Leadership Industry 177

PYMNTS

JULY 8, 2019

and compliance teams would manually check onboarding customers to make sure their records were clear. Wiping out the manual process and handling compliance in an automated fashion can propel companies forward,” Meier said. A client who passed through compliance checks on day one might not be compliant on day 500, for example.

Compliance 202

Compliance Data System Fintech 202

Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Diagnosing and Correcting Process Failures Despite the billions spent yearly to digitize processes, companies often are not operating at their maximum potential.

Industry 221

Industry Regulation Compliance Data 221

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash.

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Operations Payments Compliance System 228

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.

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New York Compliance Regulation Analysis 221

PYMNTS

DECEMBER 16, 2020

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. State regulators are set to file a complaint on Wednesday (Dec. 16) saying that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

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Massachusetts Regulation Security Compliance 178

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

PYMNTS

NOVEMBER 2, 2020

Regulation. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”. The Digital Markets Act is a second set of regulations. each month.

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Taxes National Regulation Google 212

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. This can be particularly burdensome for smaller firms.

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Compliance Meeting Payments Cards 178