Perficient

DECEMBER 18, 2023

Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. Reputation Management Trust is the cornerstone of the financial industry. The Role of Regulatory Risk and Compliance 1.

Regulation 473

Regulation Compliance Exercises Guidelines 473

Perficient

AUGUST 3, 2023

Generative AI ingests data and understands guidelines incredibly well; therefore, businesses across industries are jumping to take advantage of all the possible ways the tool can help save them money and create elevated, uber-personalized customer experiences.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Perficient

APRIL 2, 2021

The RFI also solicits the industry’s views on the use of AI in financial services to assist in determining whether any clarifications from the agencies would be helpful for the use of AI in a safe and sound manner. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection.

Regulation 309

Regulation Industry Risk Management Analysis 309

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

Regulation 352

Regulation social media Course Apple 352

Perficient

FEBRUARY 16, 2023

This makes it easy for companies to comply with all relevant regulations and keep their customers happy.

Operations 474

Operations Industry Compliance Management 474

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

Industry 298

Industry Regulation Data Study 298

Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Process mining is particularly valuable in industries like healthcare and finance where strict regulatory requirements and compliance are especially critical.

Industry 221

Industry Regulation Compliance Data 221

Payments Dive

APRIL 5, 2024

“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.

Regulation 243

Regulation Tools Innovation Industry 243

Perficient

FEBRUARY 12, 2025

The rapidly evolving payments industry is driving industry leaders to adapt their strategies in response to emerging trends. The industry faces numerous challenges, including protecting sensitive data, navigating evolving regulations, and outdated legacy systems.

Trends 221

Trends Payments Compliance blockchain 221

Perficient

MARCH 17, 2025

Financial Services Trend #1: AI Transforming the Future of Finance Artificial intelligence (AI) is revolutionizing the financial services industry, driving significant advancements across banking, wealth and asset management, payments, and beyond. This blog brings together these insights, presenting the top financial services trends for 2025.

Trends 221

Trends Analytics Compliance Strategy 221

Perficient

MARCH 10, 2021

.” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. Loan reviews are completed in the first and third calendar quarters each year.

National 309

National Regulation FDIC Retail 309

Payments Dive

APRIL 27, 2023

Attorneys and payments professionals called out recent areas of interest for regulators during the Electronic Transactions Association’s conference this week in Atlanta.

Atlanta 259

Atlanta Industry Conference Payments 259

Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives.

Tools 221

Tools Data Compliance Regulation 221

Payments Dive

JUNE 7, 2023

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.

Regulation 195

Regulation Industry 195

Perficient

DECEMBER 6, 2023

In recent years, the Consumer Financial Protection Bureau (CFPB) has significantly broadened its oversight, extending beyond major banks to address concerns in various industries, such as payday loan providers, credit reporting agencies, and most recently, the medical debt collection sector.

Industry 221

Industry Compliance Exercises Regulation 221

Perficient

MAY 30, 2024

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. Sessions include a keynote interview with former FBI director James B.

Compliance 221

Compliance Industry New York social media 221

Abrigo

FEBRUARY 6, 2025

Now that the cannabis industry is maturing and better understood, is it time for financial institutions to take on the risk of cannabis lending? Federal regulations under the Controlled Substances Act (CSA) still classify marijuana as a Schedule I substance, along with heroin and methamphetamine.

Lending 195

Lending Compliance Community Software 195

PYMNTS

OCTOBER 16, 2020

The Bank of Communications, Bank of China, Agricultural Bank of China, China Construction Bank and Industrial and Commercial Bank of China registered a minimum of 10 percent year-on-year declines from January to June. During the first two quarters of 2020, these lenders also put more funds aside in anticipation of loan losses to come.

Regulation 280

Regulation Lending National Marketing 280

PYMNTS

OCTOBER 27, 2020

Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. The Monetary Authority of Singapore will reportedly regulate the platform. HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct.

Bitcoin 267

Bitcoin Industry blockchain cryptocurrency 267

Perficient

FEBRUARY 25, 2021

In the age of Covid-19, the healthcare industry has seen massive, accelerated shifts in digital transformations. With patient records becoming more and more accessible between systems, the organizational focus now lies on standards of regulation vs. standard of sharing.

Data 511

Data Apple Google Regulation 511

Abrigo

APRIL 11, 2025

Helping software users in an ever-changing environment Fast, knowledgeable support is essential, especially when regulations change or questions arise. Financial institutions benefit when a vendor prioritizes knowledge-sharingwhether its about regulations and industry changes or updates to the software. They are my allies.

Technology 195

Technology Software Training Risk Management 195

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. However, the banking industry doesn’t like that one bit. “We And as the banking industry’s letter shows, FIs are still displeased with the idea as well.

Regulation 349

Regulation National System Industry 349

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Fraud Detection Banks are increasingly turning to AI-powered solutions to effectively detect and prevent fraudulent activities.

Trends 221

Trends Industry Analytics Compliance 221

TheGuardian

JANUARY 8, 2025

Bank of England says it is rowing back on overcooked regulations introduced after financial crisis The Bank of England plans to slash the reporting burden on UK banks and allow insurers to make riskier investments without initial approval, as it comes under government pressure to ease regulations introduced after the financial crisis.

Regulation 66

Regulation Report Industry 66

Perficient

MARCH 30, 2023

However, due to their sensitive and regulated natures, some industries – especially the financial services industry – have had more complicated cloud transformation journeys than others. For these reasons, Gartner predicts that by 2025, 85% of enterprises will have a cloud-first principle.

Data 492

Data Security Training Regional 492

PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. Regulators and law enforcement will try their best to recoup the money, he told China Central Television Friday (Aug. 14), per the report.

Lending 315

Lending Regulation Industry Fraud 315

Perficient

FEBRUARY 27, 2025

As we progress through 2025, the banking industry is set for substantial transformation driven by several key trends. To stay competitive, banks must adapt and embrace emerging industry trends. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Payments Dive

JANUARY 12, 2024

State lawmakers and regulators are out-running their national peers in giving direction to the fast-evolving payments industry.

US 273

US Payments National Regulation 273

Abrigo

MARCH 27, 2025

They require a mix of judgment, data, and defensibilitywithout clear instructions from regulators on exactly how to apply them. Have there been any major industry shifts that could impact our borrowers? Industry conditions Market shifts, regulatory changes, sector-specific risks.

How To 195

How To Data Lending Comparison 195

Perficient

APRIL 14, 2022

In my over thirty years of experience in the financial services industry, I have learned a thing or two about completing, reviewing, and filing various types of reports — some of which have extremely tight restrictions and constraints to which the reporter must abide. To promote transparency in the large U.S. Treasury Securities to TRACE.

Report 294

Report Compliance Security Regulation 294

TheGuardian

DECEMBER 30, 2024

Economists were worried enough to publicly warn her this month that liberalising financial sector regulations could undermine the governments efforts to grow the economy, posing particular risks to the governments wider industrial strategy. This is a troubling statement.

Regulation 111

Regulation Strategy System Industry 111

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. A lot of the hurdles that the hemp industry faces come from stigma and misinformation…the power and promise of hemp is coming to light in the mainstream…”.

US 352

US Nevada Arizona Guidelines 352

Perficient

JULY 15, 2020

The explosion of data and advances in digital technologies has completely disrupted our industry as service / solution providers. Architectural patterns in the industry. Future the industry is heading towards – like the cloud. Internal factors are everything that was mentioned above across the tech and functional segments.

Data 497

Data Customer Experience Analytics Industry 497