Perficient

AUGUST 4, 2024

This connectivity enhances interoperability, allowing for streamlined operations and improved data flow across various platforms. Improved Security and Compliance With stringent regulatory requirements in the financial sector, security and compliance are paramount.

Industry 467

Industry Compliance Examples Risk Management 467

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

PYMNTS

NOVEMBER 26, 2019

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. But financial regulatory compliance can be a headache for any market. Resuming Operations.

Compliance 182

Compliance Regulation Fintech Resources 182

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. Collaboration between AI and people What is human-in-the-loop?

Software 195

Software Management Compliance Resources 195

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. HealPay’s products allow agents to answer [a customer’s call].

Compliance 178

Compliance Meeting Payments Cards 178

Perficient

NOVEMBER 8, 2024

These criteria include whether the AI output would serve as a principal basis for a decision or action and real-world considerations of potential harm to protected or otherwise critical populations, entities, and resources. Board of Governors of the Federal Reserve System Compliance Plan for OMB Memorandum M-24-10 Technical controls.

Regulation 221

Regulation Risk Management Policies Compliance 221

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). Grappling with such increased demand with fewer resources might make it challenging for banks to satisfy at least some regulatory requirements, such as data privacy.

Compliance 166

Compliance National Fraud Operations 166

PYMNTS

SEPTEMBER 16, 2020

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. 16) announcement. And companies can also decrease their business risk, while bolstering their governance, according to the announcement.

Taxes 163

Taxes Compliance Software Resources 163

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. This is pivotal to ensuring resources and attention are focused on each financial institution’s unique risks. These include establishing: Governance mechanisms. Clear escalation lines.

Compliance 221

Compliance Fraud Regulation National 221

Perficient

DECEMBER 27, 2023

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. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks

Compliance 221

Compliance FDIC Regulation Fraud 221

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JANUARY 3, 2020

Bart Willemsen, an analyst at Gartner who advises clients on compliance, said there are at least 200 companies right now that want to help companies be able to deal with the law, but also, none of them have a completely comprehensive solution. There’s no single silver bullet,” he said.

Compliance 131

Compliance CA California Data 131

Abrigo

MAY 24, 2024

Takeaway 2 It's important to review resources on how to prepare for FedNow and also look internally to create a plan for your unique financial institution. Stay informed The Federal Reserve and various industry groups offer numerous educational resources on the FedNow Service. Customize your FedNow plans Customization is key.

How To 243

How To Fraud Resources Georgia 243

PYMNTS

NOVEMBER 9, 2016

Any organization, small or large, private or public, must handle the pressures of compliance. “It varies around where revenue is coming from, the requirements attached to that revenue and the scale of operations. . Sure, a paper check can get money to where it needs to go.

Compliance 174

Compliance Resources Data Management 174

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

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

Operations 118

Operations Software Risk Management Management 118

CFPB Monitor

OCTOBER 9, 2018

Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”)—released on October 3, 2018 an Interagency Statement on Sharing Bank Secrecy Act Resources (“Statement”). Such resource sharing contemplates reducing costs and increasing efficiencies in the ways banks manage their BSA and AML obligations. Patriot Act.)

Resources 68

Resources Compliance Community Bank Community 68

Abrigo

DECEMBER 5, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." A BSA Officer must be well-versed in these areas to ensure the institution's full compliance and avoid regulatory criticism. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

South State Correspondent

SEPTEMBER 19, 2024

There is a myriad of manual processes that take place everyday in banking driving up unit economics and causing the average bank to operate with a 77+% efficiency ratio. To be competitive in the future, banks need to be operating at an efficiency ratio of below 40%. return on asset figure.

Examples 195

Examples Lending Operations Management 195

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance."

Compliance 221

Compliance Community Bank Community Conference 221

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.

Compliance 100

Compliance Regulation Data Analytics 100

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters. Compliance and reporting : Mandate implementing robust AML and CTF programs by money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

Abrigo

DECEMBER 22, 2023

Those read most often in the past year include several that offer practical advice for operating AML and fraud programs. Others explain common and emerging fraud trends that compliance staff are working to prevent. Reporting should represent the risk-based approach to AML/CFT compliance.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Takeaway 3 Enlisting alternative staffing resources and investing in AML software that reduces manual labor are two additional strategies to ease staffing changes.

Training 195

Training Fraud Leadership Resources 195

Abrigo

DECEMBER 28, 2022

You might also like this list of the year's top resources for FinCrime professionals. Cybercrime, sanctions compliance, and cryptocurrency troubles are bound to be trends for anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud professionals to track in the coming months. Abrigo's top AML/CFT articles.

Fraud 195

Fraud Training Compliance Regulation 195

Perficient

NOVEMBER 11, 2020

As organizations adapt to new modes of care, demands on resources, and consumer expectations, payors and providers are eyeing opportunities to reduce costs, improve care, build awareness, and expand relationships. Fierce Healthcare / Healthify. Health Leaders Media. The strategy imperative.

Trends 618

Trends Strategy Digital Strategies Leadership 618

PopularBank

MAY 24, 2024

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care. Stay informed.

Operations 52

Operations Training Community Meeting 52

PYMNTS

JANUARY 25, 2019

The PSD2 Tracker , powered by Whitepages Pro , is the go-to resource for monthly updates on the trends and changes regarding PSD2, and other privacy and data protection regulations. That’s no longer an option with PSD2 — now, retailers need to provide both. Read more by downloading the Tracker. About The Tracker.

Operations 195

Operations Regulation Data Trends 195

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The January 2021 Operating Agreement .

Compliance 78

Compliance Digital Banking Training South Dakota 78

Abrigo

FEBRUARY 14, 2024

WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents. You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." Takeaway 3 Make sure to incorporate professional development into the plan.

Training 195

Training Fraud Compliance Regulation 195

Abrigo

FEBRUARY 6, 2024

A common mistake is underestimating the resources and expertise required to maintain a successful program. It also recommends including projections related to loan pricing, operating expenses, and delinquency. How robust is your compliance program? Takeaway 2 Start slow.

Lending 221

Lending How To Risk Management Policies 221

Abrigo

JANUARY 11, 2022

You must also instill a strong culture of compliance at your institution to ensure long-term success. Not only is this a required part of BSA compliance but controls also ensure things are running smoothly and you won't be caught off guard during a regulatory examination.

Training 195

Training Compliance Resources Policies 195

PYMNTS

JUNE 19, 2020

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. eBay On The Importance Of Streamlining International Payments Operations. Around The Payments Orchestration Ecosystem.

Payments 188

Payments Compliance Resources Fraud 188

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Adequately staffed and risk-focused AML resources with good documentation are critical. Adequate, risk-focused AML resources are critical. Get adequate resources. Focus BSA/AML resources on risk.

Resources 195

Resources Regulation Compliance Policies 195