Perficient

JANUARY 18, 2023

As a result, the pace of data privacy and data regulation has accelerated on a global scale. Public Information: There is no specific restriction required for this type of data, and there is no negative repercussion if data is shared. i.e., Information shared on a company website. . Sensitive Data: Regulated.

Regulation 275

Regulation Data Security Compliance 275

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Credit Decisions. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

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

Accenture: Banking

MAY 21, 2020

Our first post identified five areas central banks should focus on to become the digital regulators of tomorrow. Pillar 1: Harness the power of data Most central banks base their decisions on traditional information flows, yet these can suffer from a range of issues: much data…. Let’s take a closer look at the first pillar.

Data 420

Data Regulation 420

Abrigo

NOVEMBER 18, 2024

Prepare for regulator scrutiny on interest rate risk & liquidity Banks and credit unions that aren't paying attention to these critical issues can expect a tough review. With the uncertain economic outlook, regulators and examiners have been regularly conveying their top priorities for banks and credit unions.

Risk Management 195

Risk Management Regulation Policies Management 195

Perficient

SEPTEMBER 6, 2023

The regulators feel that this proposed LTD rule would: Improve the resolvability of these banking organizations in case of failure, Potentially reduce costs to the Deposit Insurance Fund, and Mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors. E-mail: regs.comments@occ.treas.gov.

Regulation 221

Regulation DC Capital Washington 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

Abrigo

NOVEMBER 14, 2024

Facilitate oversight of information technology sources, systems, and processes that support AML/CFT compliance. Provide timely updates in response to changes in regulations. Provide for program continuity despite operations, management, employee composition, or structure changes.

Compliance 221

Compliance How To Training Software 221

Abrigo

FEBRUARY 28, 2025

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details.

Fraud 221

Fraud social media Training Community 221

Abrigo

FEBRUARY 6, 2025

Federal regulations under the Controlled Substances Act (CSA) still classify marijuana as a Schedule I substance, along with heroin and methamphetamine. Even with strong compliance programs, theres always the potential for scrutiny from regulators. Get ahead of this decision by including your regulator in the planning phase.

Lending 195

Lending Compliance Community Software 195

South State Correspondent

OCTOBER 24, 2024

This is a customer account and contact information plus two years of information about transactions, costs, charges, and usage related to consumer deposit accounts, credit cards, and payment services. This data set includes account numbers, routing numbers, fees, rates, yields, and balance information.

Data 221

Data Security Fintech Resources 221

Abrigo

MAY 10, 2022

Takeaway 3 Follow your regulator's instructions and reference the most recent regulatory SAR guidance. Federal and local law enforcement uses the information to catch the bad actors and keep illicit funds from your financial institution. Read and review your final narrative and leave out any unnecessary information. Learn More.

Regulation 370

Regulation Fraud Resources Software 370

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

Abrigo

FEBRUARY 6, 2025

bank and credit union regulators expect financial institutions to implement robust internal controls for managing the credit, market, liquidity, and operational and legal risks associated with investment holdings. banking regulations. You might also like this on-demand webinar, "Winning the deposit game."

Compliance 195

Compliance Technology Operations Risk Management 195

Perficient

MAY 19, 2021

That original blog can be accessed here: Bank Regulators Seeking Comments on the Use of AI and ML in the Industry – Perficient Blogs. Now however, the agencies have extended the comment period on the Request For Information on financial institutions’ use of artificial intelligence (AI) until July 1, 2021.

FDIC 365

FDIC National Regulation System 365

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This act has come to light in an effort to emphasize the importance of sharing the precise location information when someone dials 911. What happens if you don’t act soon?

System 348

System Regulation Texas Compliance 348

PYMNTS

OCTOBER 11, 2020

European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times (FT). headquarters in Silicon Valley.

Regulation 313

Regulation Apple Google Data 313

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Regulations for payment systems Financial institutions must comply with a complex web of regulations to ensure the security and legality of payment processing.

System 195

System Payments Fraud Regulation 195

Abrigo

MARCH 5, 2025

As financial institutions deal with growing portfolios, evolving regulations, and a shifting workforce, maintaining consistency in credit risk assessment is more difficult than ever. Learn how Abrigos Loan Review Assistant seamlessly integrates with DiCOM Loan Review to pinpoint risk with precision and support informed credit decisions.

Risk Management 195

Risk Management Management Tools Compliance 195

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. This blog was co-authored by Carl Aridas and Joel Thimsen. Build a reliable risk management strategy using accurate estimations and predictions.

Industry 221

Industry Regulation Compliance Data 221

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. Security Traditionally, information was said to be most secure when separated and segmented.

Data 492

Data Security Training Regional 492

CFPB Monitor

FEBRUARY 14, 2024

The American Bankers Association (ABA) has issued a new white paper , “Effective Agency Guidance: Examining Bank Regulators’ Guidance Practices,” that is intended to help agencies issue guidance that complies with legal requirements while providing useful advice and information to regulated entities.

Regulation 158

Regulation FDIC 158

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

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. Among the rules: Banks must obtain identifying information, including a copy of licenses, as they would for any customer.

US 352

US Nevada Arizona Guidelines 352

Abrigo

JANUARY 31, 2025

Loose government regulation : The lack of regulation in the crypto space can create opportunities for fraudulent schemes. Although the regulatory agencies have pushed for enhanced regulation , it is unlikely that the incoming administration will call for oversight anytime soon. Global targeting: The U.S.

Fraud 195

Fraud social media cryptocurrency Software 195

Perficient

MARCH 17, 2025

Investing in advanced technologies will help identify potential risks and ensure compliance with evolving regulations. By staying informed and proactive, financial institutions can mitigate risks, maintain trust with customers and regulatory authorities, and remain competitive in the dynamic financial landscape.

Trends 221

Trends Analytics Compliance Strategy 221

Perficient

FEBRUARY 23, 2021

Initially addressed through the Liquidity Coverage Ratio test, regulators soon recognized that a single, consolidated report was insufficient to understand a firm’s potential drivers of liquidity depletion. The data collected by the FR 2052a provide detailed information on the liquidity risks within different business lines (e.g.,

Report 309

Report Risk Management Data System 309

Abrigo

MARCH 21, 2025

In recent years, financial institutions have faced increasing regulations regarding their efforts to serve the needs of diverse communities. Smaller banks, in particular, may struggle with the resources required to meet the enhanced compliance standards because of the expanded array and amount of information expected.

Compliance 195

Compliance Strategy Data Lending 195

Perficient

APRIL 26, 2022

Once FINRA receives and executes the TRACE Participant Application Agreement, a TRACE participant may input the trade information in TRACE-eligible securities. I’ve created a guide, The What, Why, and How of TRACE Reporting Compliance , that outlines the intricacies, rules, and regulations surrounding TRACE.

Report 294

Report Compliance Security Regulation 294

South State Correspondent

APRIL 1, 2025

Financial Education : Banks can share educational content, such as tutorials and tips, in an engaging manner through RCS, helping customers make informed financial decisions. The expanded format provides more opportunity to run astray of regulations. Its still a bill to pay, but much more convenient.

Marketing 195

Marketing Security Analytics User Experience 195

South State Correspondent

MARCH 10, 2025

The goal here is to understand the risk around the solution to better inform your decision before you settle on the best path forward. The more bankers use this framework, the more efficient problem solving becomes, as bankers learn to better define the problem at the start and gather information about the solutions early.

Training 195

Training Maine Analytics Management 195

Perficient

MARCH 10, 2022

Our engagements range from implementing Drupal websites and portals to strategizing personalization and customer journeys, including clients in regulated industries like healthcare and financial services. Throughout that time, our Acquia practice has demonstrated consistent expertise with Acquia products and cloud hosting services.

Customer Experience 474

Customer Experience Innovation Regional Community 474

Perficient

FEBRUARY 4, 2021

Technology maturity, opportunity cost, fast-changing regulations, delays, failed POCs, and more are roadblocks an experienced partner can help guide you through. Based on the responses, Forrester supplies information about these consulting partners to help you determine the best vendor for your AI needs based on breadth of services.

System 531

System Data Technology Analytics 531

PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported.

Report 348

Report System Regulation Technology 348

Abrigo

APRIL 2, 2025

For example, no checks or cards means less opportunity for criminals to steal valuable customer information from these physical items. Inconsistent or manipulated customer information: Repeated changes in names, addresses, or phone numbers across applications or accounts. However, with faster payments comes greater fraud risk.

Fraud 195

Fraud System Payments Training 195

PYMNTS

OCTOBER 9, 2020

9) that hackers may have gained information about customers' personal email accounts, Reuters reported. Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct.

Report 336

Report Security Fraud Tools 336

PYMNTS

AUGUST 18, 2020

The tech company said in the filing that it “proposes to conduct experimental propagation testing in the 6 GHz band to produce technical information relevant to the utility of these frequencies for providing reliable broadband connections.”. Separately, the FCC is at work on helping foster 5G wireless networks throughout the country.

Google 349

Google Video Technology Security 349