PYMNTS

JULY 8, 2020

Trulioo , the Canadian company that provides online identity verification, has introduced a facial recognition and document validation technology it says will enable small and medium-sized businesses (SMBs) to provide the same level of online protection to their customers as global conglomerates.

Compliance 140

Compliance Online Security Technology 140

PYMNTS

JUNE 11, 2020

CargoX ’s Platform for Blockchain Document Transfer (BDT) was connected with the Port Community System (PCS) of India amid a push in the country for trade documents, including of bills of lading, to be digitized, WorldCargo News reported. The firm has reduced its standard account minimum to $3,000.

Bitcoin 142

Bitcoin blockchain Community System 142

BankInovation

NOVEMBER 17, 2022

Financial institutions looking to mitigate manual data entry and increase efficiencies are turning to automation for their document-heavy operations.

Compliance 52

Compliance Data Operations 52

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

BankInovation

MARCH 10, 2021

Romulus specializes in building software products that automate document-heavy operations in financial services. The New Delhi-based Romulus helps customers extract, structure and analyze internal and third-party documents. Romulus’ technology is pre-trained to understand and contextualize more than 200 […].

Software 64

Software Training Technology Operations 64

Abrigo

OCTOBER 21, 2024

1) Obtain all legal documents , including but not limited to: Note Mortgage/deed of trust Security agreement Loan/credit agreement All guarantees Any and all modification/extension/renewal documentation Title insurance and policy Any formal correspondence (formal notices, default/reservation of rights letters, term sheets, commitment letters, etc.)

Strategy 195

Strategy Management Taxes Meeting 195

Perficient

FEBRUARY 27, 2024

Platform Modernization: Enhancing Efficiency Across the Value Chain Organizations are actively embracing artificial intelligence (AI) and cloud technologies to streamline operations and gain insights. Leveraging cloud technology for streamlined operations and enhanced scalability.

Trends 221

Trends Industry Operations Customer Experience 221

PYMNTS

FEBRUARY 18, 2020

However, in the case of visual and image-based authentication processes, Trulioo Chief Operating Officer Zac Cohen told PYMNTS, the emerging picture is a bit cloudier. This technology has generated a hype cycle in terms of how it would change the game in securing data and locking out the fraudster.

Regional 145

Regional Security Mobile Technology 145

Abrigo

NOVEMBER 3, 2023

Takeaway 3 Some important ongoing actions for CECL staff include ongoing data validation and documenting qualitative factors, or Q factors Processes and approaches for the ACL What are CECL best practices? Qualitative factors documentation and support Be ready to defend qualitative factors with support and documentation.

Management 195

Management Policies Training Compliance 195

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Monica Gernert, a project manager, and insurance expert at Perficient, provided a critical perspective around genAI that’s quoted in the report.

Technology 221

Technology Report social media Industry 221

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 83

Operations System Groups Technology 83

Perficient

NOVEMBER 6, 2024

SEC The Securities and Exchange Commission (SEC) issued a proposed rule in July 2023 to address conflicts of interest associated with broker-dealers’ and investment advisers’ use of predictive data analytics (“PDA”) and similar technologies, including AI.

Regulation 221

Regulation Compliance Analytics Policies 221

PYMNTS

JULY 1, 2020

In today’s top news, the Senate extended the PPP application deadline by five weeks, and an internal document reveals a small client base brought in over 50 percent of Wirecard’s sales. Plus, Brazil’s antitrust regulator said it will reverse its decision to suspend the WhatsApp-Cielo partnership.

Payments 130

Payments Compliance System Regulation 130

Perficient

JANUARY 28, 2021

These articles contain many valid ideas and data points that should all be reviewed and considered for your operation but what does it mean to you? Here some steps to finding your Procurement Best Practices : Honestly assess your current procurement operations. Where are you strong and doing well. Where are you weak and struggling.

System 322

System Operations Analysis Management 322

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

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

Perficient

JANUARY 20, 2021

DevOps is a set of practices dedicated to building, delivering, and operating rapidly-evolving systems in close alignment with business objectives. Collaboration between stakeholders, developers, testers, and operations. Faster operations – peer-to-peer. Documentation. Visibility – features, releases, code, bugs.

Software 309

Software Operations Tools System 309

The Paypers

NOVEMBER 7, 2018

(The Paypers) Signicat has introduced Signicat Business Signature, a B2B document signing solution that minimises manual operations and keeps evidence of signature in the same document.

Operations 57

Operations 57

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. Starting at a high level helps avoid getting lost in the complexity of CECL and ensures the focus remains on data inputs , assumptions, documentation, and estimates.

Compliance 195

Compliance Management Regulation Data 195

Perficient

NOVEMBER 8, 2024

The CAIO and AI Program team are responsible for ensuring that these controls are designed and operating effectively to provide sufficient assurance that the Board can mitigate risks from non-compliant AI uses. Any decisions to grant or revoke a waiver will require documentation of the scope, justification, and supporting evidence.

Regulation 221

Regulation Risk Management Policies Compliance 221

PYMNTS

OCTOBER 19, 2020

“In this industry, borrowers and lenders have high expectations; they want a mortgage document processing solution catered to improving operational efficiency, while ensuring speed and data accuracy. They also want a document automation process that helps enhance their current security and compliance posture,” she explained.

Google 264

Google Tools Lending Industry 264

Perficient

DECEMBER 14, 2023

For businesses, the benefits of Automated Invoice Processing translate to significant time savings, reduction in processing errors, operational cost savings, and improved employee productivity. It’s part of the ServiceNow Source-to-Pay Operations offering, which encompasses the entire process from sourcing to payment.

Training 221

Training Strategy Data Exercises 221

Perficient

DECEMBER 14, 2023

For businesses, the benefits of Automated Invoice Processing translate to significant time savings, reduction in processing errors, operational cost savings, and improved employee productivity. It’s part of the ServiceNow Source-to-Pay Operations offering, which encompasses the entire process from sourcing to payment.

Training 221

Training Strategy Data Exercises 221

PYMNTS

JUNE 12, 2018

The International Chamber of Commerce (ICC) published its 2018 global trade report this week and, according to the research, global financial institutions (FIs) still have a significant way to digitization in their trade finance operations. According to Global Trade Magazine , ICC Secretary General John W.H.

Operations 116

Operations Survey blockchain Technology 116

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.

New York 221

New York Compliance Regulation Analysis 221

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Whether it's at the start of a year or some other time, focusing on these key areas will help you fine-tune your operations and set your financial institution up for success in the year ahead. Prepare for your next exam.

Training 195

Training Risk Management Analysis Policies 195

Perficient

JUNE 22, 2020

Oracle’s EPM Cloud Operations Guide is a must-have document for Oracle cloud EPM customers. Have a question about the Operations Guide? This guide provides procedures to address many of the most common challenges encountered by customers. – the guide contains instructions for addressing these challenges.

Data 354

Data Management Operations Examples 354

Abrigo

DECEMBER 2, 2015

The following is an excerpt from the Sageworks whitepaper "The Automation Revolution: How Technology is Changing the Way Firms Operate". Businesses scour the market to determine which solution will help them attract new business, increase operational efficiency or manage priorities more effectively.

Operations 150

Operations Technology Customer Experience Software 150

PYMNTS

OCTOBER 17, 2019

In today’s payments news, China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. Also, Mastercard has outlined its intentions with blockchain following its high-profile Libra Association exit.

Operations 100

Operations blockchain Payments Apple 100

PYMNTS

AUGUST 20, 2020

The Consumer Finance Protection Bureau (CFPB) has settled with TD Bank in a case involving illegal overdraft practices, according to a court document. This went on between 2014 and 2018, the court document stated. That’s in addition to standard overdraft service for normal transactions. The bank charged around 1.42

Policies 262

Policies Regulation Cards Operations 262

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

PYMNTS

MARCH 5, 2020

Under Par Funding’s program, titled No Document, SMBs won’t have to go through time-consuming processes, such as collecting documents or undergoing rigorous credit checks. The No Document product will ensure that red tape and bureaucracy are cut out as much as possible, the release states.

Capital 130

Capital Resources Operations Payments 130

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

South State Correspondent

JANUARY 16, 2024

Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. The documentation was lengthy and complex, the regulatory compliance and reporting was cumbersome, the accounting was tricky, and the overhead cost of launching a hedging program was challenging.

Community Bank 195

Community Bank Community Compliance CA 195