Bank Innovation

APRIL 21, 2020

Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks and credit unions and hamper post-pandemic fintech partnerships.

Compliance 259

Compliance Fintech Resources Innovation Strategies 259

ABA Community Banking

JANUARY 9, 2025

The ABA Foundation offers resources for bank customers and employees on how to recover financially from disasters and on how to avoid scammers who prey on disaster victims and people seeking to donate to recovery efforts.

Resources 111

Resources California How To Community Bank 111

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.

Fraud 195

Fraud Compliance South Dakota Resources 195

Abrigo

DECEMBER 29, 2023

Here are the top resources. Aside from formal training, one way that banks and credit unions can ensure staff are attuned to the latest regulations and best practices is by routinely sharing lending and credit risk resources. Click the header next to each number to visit the corresponding top banking risk resource.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Top helpful resources for AML/CFT staff. Complimentary AML info.

Resources 195

Resources Training Fraud Compliance 195

PYMNTS

OCTOBER 2, 2020

Working with payments orchestration providers can help firms like these address their systems’ security flaws by taking on the compliance burden. They can also provide the resources and expertise needed to meet PCI compliance and allow firms to focus on their own core competencies. percent over the next seven years.

Compliance 243

Compliance Data Report Meeting 243

PYMNTS

DECEMBER 10, 2020

As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy , president of payment technology and innovation firm i2c , said banks have been left behind and should focus on what they do best — compliance. On the other hand, what they’re very good at is compliance.”.

Compliance 262

Compliance Innovation Apple Fintech 262

Perficient

NOVEMBER 9, 2020

You can send personalized emails, text alerts, nurture customers, save internal time and resources, and create an overall better experience between your brand and your customer. HIPAA compliance and industry leadership. When most people think about marketing automation, they think about sending emails to contacts.

Marketing Automation 525

Marketing Automation Marketing Resources System 525

Perficient

AUGUST 4, 2024

Improved Security and Compliance With stringent regulatory requirements in the financial sector, security and compliance are paramount. Regulatory Reporting and Compliance Automation Compliance reporting is often a resource-intensive process.

Industry 467

Industry Compliance Examples Risk Management 467

Perficient

MARCH 17, 2021

While compliance with industry-specific regulations may dictate that certain work must remain within the United States, companies within financial services, healthcare, and government can still benefit from utilizing nearshore resources strategically. Compliance Considerations. Traceability. Experience.

Software 508

Software Regulation Industry United States 508

Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. This month, the Federal Deposit Insurance Corporation (FDIC) launches it new Banker Engagement Site (BES) through FDIC connect.

Compliance 221

Compliance FDIC Tools Leadership 221

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. Momentum in digital healthcare transformation… it’s massive, and much needed. Fierce Healthcare / Healthify.

Trends 618

Trends Strategy Digital Strategies Leadership 618

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. An Opportunity for Collaboration.

Compliance 182

Compliance Regulation Fintech Resources 182

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

South State Correspondent

MARCH 24, 2025

This lead should be responsible for providing weekly briefings to relationship managers and serving as a resource to help manage information flow and troubleshoot challenges. Facilitating Connections: Referring clients to qualified trade compliance experts or consulting firms specializing in USMCA certification.

Risk Management 195

Risk Management Resources Management Marketing 195

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In her view, financial institutions are indeed coming together to share common compliance concerns, and in doing so, are working openly to create innovative solutions and put the pieces together.

Compliance 192

Compliance Security Payments Community 192

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. Sharing the Compliance Burden.

Compliance 178

Compliance Meeting Payments Cards 178

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities. Reporting should represent the risk-based approach to AML/CFT compliance.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

FEBRUARY 20, 2025

Efficiency measures how effectively a process utilizes its resources to achieve desired outcomes. AI can eliminate certain processes altogether while maintaining compliance and consistency to provide a better experience for customers and staff.

Strategy 195

Strategy Compliance Data Tools 195

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 21, 2022

Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . You might also like this resource, "Customer due diligence checklist." Ongoing monitoring. Encourage conversations.

Compliance 195

Compliance Training Fraud Examples 195

Abrigo

APRIL 16, 2025

FASB Is listening This project adds to a growing list of examples where standard-setters are acknowledging the compliance burden on smaller institutions. Stay tuned for future Abrigo updates on FASBs movements and how they may impact CECL strategy and compliance.

Community 195

Community Community Bank Examples Policies 195

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).

Compliance 166

Compliance National Fraud Operations 166

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?”. Have we approved the connections to data, systems, or other resources?”. How do we manage use?”. That is where the CoE comes in. “A

Resources 322

Resources Compliance Innovation Analytics 322

Abrigo

FEBRUARY 28, 2025

Regardless of the current budget, regulators will expect adequate technological and human resources to protect the institution's safety and soundness. Institutions should also offer scenario-based exercises and provide access to updated fraud prevention resources to ensure staff can respond effectively to suspicious activities.

Fraud 221

Fraud social media Training Community 221

Abrigo

SEPTEMBER 20, 2023

Understanding AML compliance and regulatory expectations. AML compliance is not for the faint of heart. Takeaway 3 Be your champion and fight for whatever is necessary to instill a culture of compliance. A culture of compliance AML compliance Having a solid culture of compliance is critical to avoiding AML penalties.

Compliance 150

Compliance Regulation Miami Fraud 150

Abrigo

FEBRUARY 25, 2025

Automation maximizes the return on staff time and institutional resources, ensuring that financial institutions can serve small businesses efficiently while being good stewards of their lending operations. Improved risk management Standardized risk assessments minimize subjectivity and enhance compliance.

Lending 195

Lending FDIC Policies Analysis 195

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. You might also like this resource, "Customer due diligence checklist."

Compliance 195

Compliance Community System Training 195

PYMNTS

SEPTEMBER 17, 2019

Also, with the proliferation of cloud providers such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud, a lot of these companies allow one to position resources in different geographies. Companies may have a customer within the European Union and data might have to be reserved in servers in the Euro Zone.

Fintech 200

Fintech Compliance Data Regulation 200

PYMNTS

AUGUST 9, 2020

The benefits for Google include a unified and accurate supplier record, the ability to integrate supplier qualification and segmentation with other procurement processes, and compliance for supplier risk management throughout the supply base. Strides have been made lately toward eliminating late invoice payments, PYMNTS reported.

Google 362

Google America Risk Management Regional 362

Perficient

JUNE 12, 2020

What skills and resources do you need to build an organizational model that supports digital maturity? If your brand is taking the steps to mature, it might be that a centralized model starts with a small team with a plan to secure additional resources over time. Becoming a digitally mature company is a vital piece to success.

Resources 309

Resources Case Study Strategy Groups 309

Perficient

JULY 6, 2021

If properly governed, it provides the foundation for decision making, regulatory compliance, competitive advantage, operational efficiency, customer satisfaction, and revenue generation. Data democratization refers to making a firm’s data resources available to all employees across the enterprise. What Is Data Democratization?

Data 294

Data Resources Tools Compliance 294

South State Correspondent

OCTOBER 24, 2024

Since more and more customers are looking for embedded solutions such as payments and account information for their account or enterprise resource planning (ERP) systems, you may want a more robust developer portal and API solution. If the bank denies the requesting third party, it risks a lawsuit or complaint about non-compliance.

Data 221

Data Security Fintech Resources 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. Testing of any model is critical to the success of any AML/CFT program.

Software 195

Software Management Compliance Resources 195

Perficient

SEPTEMBER 29, 2023

Salesforce Financial Services Cloud Einstein Compliance: This new feature helps finance teams automate compliance tasks and reduce the risk of non-compliance. This information can be used to make better decisions about where to allocate resources and how to improve business performance. Budgeting and forecasting.

Tools 275

Tools Resources Analytics Training 275

Perficient

JANUARY 9, 2021

In today’s blog, we’ll cover some of the biggest updates around meetings, calling, management, and even security and compliance released in late December/early January! . Microsoft is making it easier than ever to bring all of your team’s resources to one central place so you can communicate, collaborate, and get work done!

Video 532

Video Meeting Community Management 532