Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Risk Management 150

Risk Management Management Analysis Resources 150

Jack Henry

MAY 21, 2021

In this blog, I’ll dive into cybersecurity trends that present a significant potential risk and offer some practical advice to help you reduce the overall risk. According to data from IBM Security X-Force, one in four attacks remediated as of September 2020 were linked to good old ransomware. 2020 Sets the Stage for 2021.

Risk Management 88

Risk Management Trends Security Management 88

Abrigo

MARCH 21, 2023

If an institution wasn’t fully prepared, however, it can nevertheless meet its goals using tailored asset/liability management (ALM) strategies. Without a large pool of very loyal customers, institutions continually will be at risk of losing funding from their customers to competitors who were first to raise rates on their deposits.

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

OCTOBER 26, 2016

This post aims to share general best practices that can be used to optimize security through password management and also to share how bank and credit unions that leverage Sageworks’ web based solutions use enhanced password functionalities to highlight their institution’s commitment to information security.

Risk Management 150

Risk Management Management Lending Handbook 150

Perficient

JANUARY 31, 2022

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement. Information security is complex, never ending, and daunting.

Security 294

Security Risk Management Knowledge Base Customer Experience 294

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Cisco

JUNE 7, 2022

While operational risk is not a contributing factor in a pandemic, the COVID-19 pandemic’s impact on financial services’ digitization does correlate with a material rise in cyber risk. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Abrigo

OCTOBER 22, 2024

They’re using more sophisticated techniques like synthetic identity fraud—where fake identities are built by combining real and fictional information. Our intelligent fraud detection software and risk management tools help fraud professionals in their fight against financial crime.

Security 221

Security Fraud Community National 221

Perficient

FEBRUARY 23, 2021

The data collected by the FR 2052a provide detailed information on the liquidity risks within different business lines (e.g., financing of securities positions, prime brokerage activities). Lastly, the FR 2052a provides detailed information that the Board uses to monitor compliance with its Liquidity Coverage Ratio (LCR) rule.

Report 309

Report Risk Management Data System 309

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. This involves the use of AI to inform credit decisions to enhance or supplement existing techniques. Risk Management. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

Perficient

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 275

Risk Management Tools United States Exercises 275

PYMNTS

OCTOBER 12, 2017

SecurityScorecard , the risk management firm whose platform helps provide security ratings, said Thursday that it raised $27.5 The company said in its press release that it “continuously monitors the security posture of more than 200,000 enterprises and government agencies … and assigns an A to F rating” to enterprises.

Security 164

Security Risk Management Data Capital 164

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast. More and more, we encourage the flow of communication.

Risk Management 136

Risk Management Management Compliance Regulation 136

PYMNTS

NOVEMBER 2, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. Clients will also be able to use the data for an enterprise use case, the release stated.

Data 212

Data Risk Management Management Analytics 212

Insights on Business

JULY 17, 2019

It’s gratifying to see IBM once again positioned in the Leaders Quadrant of the 2019 Gartner Magic Quadrant for IT Risk Management, released on July 3 rd for its OpenPages with Watson solution.* Digitalization brings along risks like IT security, Cybersecurity, etc. For more information.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

JUNE 5, 2020

Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. The federal entity is charged with monitoring the U.S.

Security 174

Security Fintech Data Fraud 174

Perficient

JUNE 22, 2020

The empire was infiltrated by an informer who impersonated to trick the portal gatekeepers to enter the domain. Protecting empire security was a significant challenge. The infiltrator has stolen the information spilled by the staff intentionally or unintentionally. BE SECURITY AWARE. He needs to dodge one more bullet.

Security 322

Security Management Meeting Strategy 322

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate Credit Risk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment.

Data 220

Data Payments Risk Management Software 220

Insights on Business

JANUARY 8, 2019

This represents a bit of information. But what has this got to do with risk management I hear you ask? For more information how IBM can help you and your organization innovate now and in the future, please visit ibm.com/regtech. So, are we reaching the end of increasing computing power? Live long and prosper.”.

Risk Management 107

Risk Management Management Course Big Data 107

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Perficient

NOVEMBER 8, 2024

Implementation of Risk-Management Practices and Termination of Noncompliant AI AI policy and review process. All safety- or rights-impacting AI use cases undergo a comprehensive risk impact assessment including validation of all risk-management practices defined in OMB M-24-10 section 5(iv). Determination process.

Regulation 221

Regulation Risk Management Policies Compliance 221

PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used.

Fraud 270

Fraud Compliance cryptocurrency Security 270

Perficient

OCTOBER 30, 2024

In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC.

Regulation 221

Regulation FDIC Compliance Innovation 221

Perficient

JUNE 22, 2020

He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. The blackhat hired him to research the security gaps to avoid any faults in this plan and report the same. Analogical Characters: There are different types of hackers in the cyber-security. Risk never sleeps .

Operations 309

Operations Cyber Security Security Risk Management 309

Perficient

JUNE 25, 2024

Market making eventually transitioned to phone-based systems, with computers providing real-time information, valuations and forecasts for traders. In time, computers took on a more active role, not only providing information but also assisting and guiding traders’ actions, supporting faster execution and more complex strategies.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. First, they must evaluate whether their institution is prepared to insert AML risk management procedures into the transaction process to match the speed FedNow can offer.

Fraud 221

Fraud Risk Management Training Software 221

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

FEBRUARY 10, 2021

Solutions like telemedicine, secure patient data management platforms, and prediction software incorporating big data and IoT are becoming increasingly integral to the success of healthcare companies, and the pandemic is accelerating their development. Security, Data Privacy, and Intellectual Property Protection.

Software 294

Software Innovation Company America 294

PYMNTS

MARCH 29, 2019

This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said. Powered by blockchain-enabled solution, the Ripple platform ensures cross-border transactions much safer and secured. ”.

blockchain 241

blockchain Payments cryptocurrency Regulation 241

PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. With consumers hyper-focused on COVID-19 in this uncertain time, phishers are taking advantage of fear and disrupted routines to steal sensitive information.

Analytics 141

Analytics Data Security San Diego 141

Abrigo

MAY 11, 2020

The financial services industry is often cautious about moving data to the cloud, and rightly so with a heavy concentration of customers’ private information. Security breaches involving cloud computing highlight the importance of sound security controls and a clear understanding of cloud service providers’ risk management policies.

Data 195

Data Training Risk Management Software 195

PYMNTS

JUNE 29, 2020

Wirecard explained that the money was kept that way for risk management, saying it could be saved to provide refunds or chargebacks if needed. WSJ reported on one instance in which an EY senior manager left a note for a Wirecard executive saying EY was preparing to ask questions about a trustee account.

Fraud 327

Fraud Risk Management Report Management 327

Jack Henry

JUNE 1, 2020

This strategy is influenced by the FI’s risk appetite statement and is often driven by the Chief Risk Officer, Information Security Officer or Enterprise Risk Management team.

Compliance 149

Compliance Risk Management Strategy Policies 149

PYMNTS

MAY 27, 2020

Fraudsters seek to fly under the radar by stealing information through one channel that they then use to execute ATOs or other attacks. Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds.

Fraud 245

Fraud How To Strategy Analysis 245

PYMNTS

JUNE 8, 2020

There’s work being done securing APIs , but businesses are using them confidently, not just to field new products and CX, but also as a data cyber shield found only in the clouds. Cloud platforms are also helping firms secure APIs with built-in capabilities that apply security policies through nonintrusive policy enforcement.

Security 130

Security Policies Fraud System 130

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. Powering A Fast Pivot.

Fraud 201

Fraud Risk Management Security Cards 201

Insights on Business

JUNE 11, 2019

Compared to traditional data centers, I believe that cloud computing has several characteristics that make it an attractive platform for risk management. First of all, the compute requirements for risk management can vary over time. The target architecture of the future for all risk solutions will likely involve cloud.

Risk Management 87

Risk Management Management Examples Resources 87