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AI Regulations for Financial Services: South Korea and the UK

Perficient

While the Personal Information Protection Act (PIPA) includes provisions related to AI, such as the exercise of data subjects’ rights concerning automated decision-making, comprehensive legislation has yet to be enacted. South Korea In South Korea, efforts to enact the AI framework act have been underway since 2020.

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6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. This ensures a seamless and compliant global operation.

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The Secrets of Expert Deposit Pricing Management

South State Correspondent

Non-Expert Deposit Pricing Management – How To Destroy Bank Franchise Value The best way to quickly destroy value is to peg a deposit product to an index such as SOFR, Prime, Fed Funds, or Treasuries. However, this doesn’t tell the whole story when it comes to deposit management.

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Leverage AI to Automate Invoice Processing using ServiceNow’s Low-Code Solution

Perficient

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. These fees are often unclear and fluctuating, creating significant administrative burdens for firms managing multiple funds. A centralized platform for invoice processing and case management.

Training 221
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Leverage AI and Automated Invoice Processing using ServiceNow’s Low-Code Solution

Perficient

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. These fees are often unclear and fluctuating, creating significant administrative burdens for firms managing multiple funds. A centralized platform for invoice processing and case management.

Training 221
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AML program productivity: Boost the impact of AML investigations

Abrigo

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. Streamline case management processes. What’s a leader to do?

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An Industry Wake-Up Call: The CFPB’s Impact on the Medical Debt Collection Space

Perficient

Whether managing medical debt collections in-house or outsourcing to third-party agencies, companies need to exercise vigilance. Reputation Management: With increased public awareness and scrutiny, maintaining a positive reputation is crucial. The regulatory landscape is nuanced, and companies must adapt strategically.

Industry 221