Perficient

MAY 15, 2023

of Americans are considered “fully banked,” many opportunities exist for financial services institutions to take advantage of the vast amount of customer data they possess. Here are three ways financial services institutions can reap the benefits of a data-driven mindset. market trend data, economic data, etc.)

Data 275

Data Conference New York City New York 275

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. It involves using software to analyze both structured and unstructured data (i.e., email, text, audio data), with the aim of identifying fraud or anomalous transactions. Risk Management.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

JULY 14, 2023

Practical advice for using data to develop and support institution goals Answering three questions ahead of strategic development discussions can ensure data drives your financial institution's efforts. Second, efficiently generating those insights from your data is a requirement for a sustainable process.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

OCTOBER 7, 2020

Federal banking regulators have fined Citigroup $400 million, ordering the third-largest U.S. bank to fix the "significant ongoing deficiencies" in its risk management systems, The Wall Street Journal (WSJ) reported. According to WSJ, the bank failed at data management, regulatory reporting and capital planning.

Risk Management 230

Risk Management System Management Regulation 230

Bobsguide

MAY 4, 2020

With reports of Environmental, Social and Governance (ESG) investing on the rise amid a drastic drop in oil prices, ESG data is facing scrutiny both from investors and regulators. Market participants are therefore looking to artificial intelligence (AI) to assist in data management. “As.

Management 124

Management Data Regulation Marketing 124

Bank Innovation

JULY 20, 2017

Financial service executives are still concerned about regulatory changes, but the best response is to improve data aggregation and management services. This is according to a survey by AxiomSL, which found that 66% of regulatory executives believe their institution needs to make investments in data management.

Survey 236

Survey Management Data Operations 236

PYMNTS

SEPTEMBER 28, 2020

Corporate buyers must gather data to ensure that potential suppliers can meet their procurement needs, but their research does not stop there. They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers.

Data 166

Data Management Taxes Meeting 166

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Takeaway 2 Even small banks or credit unions not regulated by the Federal Reserve are required to address control risks from models. Model governance overview.

Risk Management 195

Risk Management Management Regulation Analysis 195

Bank Innovation

JANUARY 6, 2020

Pagaya, a fintech firm which uses artificial intelligence to manage institutional money, has topped $1.2 billion in assets under management, on the heels of the close of $200 million in asset-backed securities in December.

Management 341

Management Security Fintech Data 341

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

DECEMBER 3, 2018

Amid the digital transformation of the enterprise, data is now considered the most valuable currency for corporates looking to transform via technology. It’s certainly the case for expense management, said Karim Jouini, CEO of France-based Expensya.

Management 144

Management Data Fraud Survey 144

PYMNTS

DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. Asset management, payments and lending are being offered by Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent — all which have colossal databases.

Regulation 131

Regulation Data Google Fintech 131

Abrigo

JUNE 7, 2021

Risks ALM Addresses Will Affect Performance and Strategy Asset/liability management models and processes address credit risk, liquidity risk, and interest rate risk. . Good asset/liability management, he says, “is knowing how much risk do we take.” It’s about how to make decisions inside the bank to manage risk. lines of credit.

Management 195

Management Risk Management Capital Regulation 195

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

Management 147

Management Report Regulation Data 147

Perficient

JULY 15, 2020

can leverage the Modern Data Platform approach. This Digital Transformation approach will help enterprises looking to re-platform, helping various Line of Businesses embark on the journey for Self Service Analytics, Modern fully managed Data Platform services etc. We then present a Functional, Capability and technical Matrix.

Data 497

Data Customer Experience Analytics Industry 497

PYMNTS

JULY 17, 2019

Currently, there is a reactive approach in banking because data is not readily at the fingertips of the front line making everyday risk decisions,” she told PYMNTS in a recent interview. Data, too, is at the heart of lenders’ compliance pain points, particularly as the burden of gathering data about borrowers increases.

Data 130

Data Management Analytics Compliance 130

PYMNTS

NOVEMBER 16, 2020

PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says. The new development comes from a management buyout by Souter Investments , a private equity-focused family investment office, and Manfield Partners Limited.

Data 169

Data Regulation Risk Management Training 169

Bank Innovation

JANUARY 3, 2020

In this episode, editors discuss the following news developments: The new California Consumer Privacy Act that went into effect Wednesday; How banks are managing feature overload in their apps; New eco-friendly initiatives from Bank of the […].

Regulation 243

Regulation Video California Data 243

Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Takeaway 3 Lenders will need to collect 20+ data points on each application from businesses with $5 million or less in gross annual revenue.

Data 195

Data Lending Compliance Resources 195

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

Regulation 158

Regulation Groups Operations Lending 158

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Lithuania wants to become a global FinTech powerhouse.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. according to the latest figures from the IRS, which monitors and regulates such organizations. Recent data shows these groups are less likely than other U.S.

Management 141

Management Taxes Groups Regulation 141

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

Fraud 275

Fraud Management Payments New York City 275

PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Data security is such an important topic,” he said. It’s paramount.

Regulation 234

Regulation Security Data Course 234

PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239

How To Payments Management social media 239

PYMNTS

NOVEMBER 10, 2019

Kenya has passed a new data protection law in the hopes of attracting more foreign technology companies into the country. The law, which was approved by Kenyan President Uhuru Kenyatta last week, complies with European Union legal standards, placing restrictions on how personal user data can be handled, stored and shared.

Regulation 109

Regulation Data User Experience Training 109

Jack Henry

JULY 31, 2019

The General Data Protection Regulation (GDPR) has been an intimidating new reality for numerous organizations. For financial institutions (FIs) who process the personal data of data subjects residing in the European Union (EU), GDPR pushes them beyond what was already required by the Gramm-Leach-Bliley Act (GLBA).

Regulation 60

Regulation Data Management Compliance 60

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Goldman Sachs is planning to launch digital wealth management services in 2020 for clients with “significantly lower” investment capital than traditional customers.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. Are we being compliant with government regulations?

Management 291

Management Company US Compliance 291

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased.

Risk Management 150

Risk Management Management Security Lending 150

Abrigo

AUGUST 26, 2024

Takeaway 2 Starting CECL model risk assessments at a high level ensures the focus is on data inputs, assumptions, documentation, and estimates. Takeaway 3 Consider risks tied to methodology, the use of third parties, management bias, and estimation uncertainty during a CECL model risk assessment.

Compliance 195

Compliance Management Regulation Data 195

PYMNTS

MARCH 20, 2020

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. “Regulation around open banking has certainly been of great benefit to businesses in the U.K., In the U.K.,

Lending 233

Lending Data User Experience Fraud 233

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Cyber Due Diligence. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Lending Fraud 150

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. Wirecard Files For Insolvency, Seeks Court Protection.

New York 248

New York cryptocurrency Regulation Samsung 248

Perficient

MARCH 30, 2023

The computing and storage of cloud data occur in a data center, rather than on a locally sourced device. Cloud computing makes data more accessible, cheaper, and scalable. However, the cloud’s structure makes data segmentation more complex and potentially more vulnerable if the correct security measures are not followed.

Training 492

Training Security Data Regional 492