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

NOVEMBER 14, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Exercises System Fraud 221

Perficient

NOVEMBER 21, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Guidelines Study System 221

Perficient

NOVEMBER 4, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

FDIC 170

FDIC Regulation Risk Management Compliance 170

Accenture

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

Perficient

NOVEMBER 8, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. Implementation and oversight.

Regulation 221

Regulation Risk Management Policies Compliance 221

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

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

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

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

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.

Security 492

Security Training Data Regional 492

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

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment.

Compliance 150

Compliance Regulation Miami Fraud 150

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

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

Abrigo

JANUARY 3, 2024

New BOI requirements and how financial institutions can comply Here's what FinCEN's recent final rule for beneficial ownership information (BOI) reporting says and how anti-money laundering (AML) programs will access BOI information. It also creates safeguards to ensure that the information is protected. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 221

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 Analytics Technology 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

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

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

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

Abrigo

DECEMBER 28, 2023

Takeaway 2 Readers in 2023 were most interested in getting information about preparing for exams, learning about stress testing, and seeing how peers manage loan review. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

Resources 221

Resources Risk Management eBook Strategy 221

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

PYMNTS

JANUARY 26, 2021

The partnership aims to create a secondary credit market that is transparent and efficient and makes it easy to manage credit and digitally store documents, loan history and due diligence activities, preventing “information asymmetry risks,” the release stated.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

Perficient

DECEMBER 14, 2020

Cloud Computing will be Increasingly Regulated. Due to high-profile security breaches and a growing number of products and services procured by businesses and governmental entities that utilize the cloud, it is anticipated that new regulations will restrict how and where companies can store data in the cloud.

Technology 348

Technology Trends Software Resources 348

PYMNTS

AUGUST 5, 2020

Instead, they’re looking for the vast troves of personally identifiable information (PII) that merchants are building up as their client bases become more digital. The fraudsters will keep coming, and merchants who can’t provide protection will find themselves on the wrong side of their legitimate customers (and facing fines from regulators).

Security 267

Security Fraud Data Online 267

PYMNTS

NOVEMBER 3, 2020

The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators. There’s no indication that “the information has been used by third parties in any improper manner,” noted Folksam, which has asked the companies to delete the information from their systems.

Groups 255

Groups Data Report America 255

Abrigo

JUNE 14, 2021

Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. For further information on OFAC or the recommendations for a SCP, visit the OFAC website or OFAC Frequently Asked Questions. BSA Rules and Regulation. BSA Rules and Regulation.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

OCTOBER 14, 2020

However, it is not simply a technology or a regulation. It requires aligning different things, players, interests [and] information. So, in the region there is an inequality in terms of the acceptance and regulation of open banking. million on a peak day last year.

United States 260

United States America Regulation Regional 260

Perficient

MARCH 23, 2021

With the need to consolidate entities on a line-by-line basis and to report such a large amount of information, whether on a daily or monthly basis, regulatory reporting staff must rely on automated tools to assist them. My next blog will review the tools that can be used to help with reporting. Automated tools include the following.

Report 294

Report Tools Risk Management Data 294