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.

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System Regulation How To Lending 195

PYMNTS

AUGUST 17, 2020

In a letter, as reported by various media outlets in India, the All India Organization of Chemists and Druggists argues that laws from the 1940s prohibit the sort of home delivery operation that Amazon is piloting in India. For years, pharmacists have complained about confusion around what is allowed as small operations have launched.

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Groups Regulation Operations Meeting 251

Bank Innovation

MARCH 30, 2018

bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation. These changes were established by the Bank of England in 2011, and is referred […]. The major U.K.

Online 220

Online National Regulation Mobile 220

PYMNTS

DECEMBER 4, 2020

4), Dutch antitrust regulators have been looking at the company – specifically into Apple’s Pay’s near-field communications (NFC) operability. Per the Dutch regulators: They’ll seek to investigate “whether limiting the payment apps’ access to NFC communication reduces the users’ freedom of choice.”

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Regulation Apple Google Software 150

PYMNTS

NOVEMBER 2, 2020

Regulation. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”. The Digital Markets Act is a second set of regulations. each month.

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Taxes National Regulation Google 212

CFPB Monitor

NOVEMBER 10, 2020

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). ” The statement highlighted the financial, legal, consumer protection, and operational risks that will result from LIBOR’s expected discontinuation.

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Regulation FDIC New York Lending 78

PYMNTS

JANUARY 16, 2020

The headline statement is that crypto firms have traditionally operated in a regulatory environment that might charitably be likened to the “Wild West.” In addition, any firms that carry out crypto asset related activity within the scope of the FCA’s regulations must register with the authority before conducting business.

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Regulation cryptocurrency User Experience Operations 132

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. This includes static application structure, dynamic application behavior, third-party component patch/version levels, and overall deployment environment compliance with hardened operating systems.

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Compliance Security Software System 332

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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Operations Software Risk Management Management 118

Perficient

FEBRUARY 24, 2021

Whether you are B2B, B2C, or a strategic blend of the two operating models, your consumers expect seamless user experiences powered by custom technology solutions. Global delivery generally refers to custom software development projects where the work is conducted by teams located in different parts of the world. Industry Regulations.

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Software United States Strategy Industry 294

PYMNTS

NOVEMBER 3, 2020

1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions. As a tech company valued in excess of $2 trillion, Apple can afford battling lawsuits. In its latest annual report released on Sunday (Nov.

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Apple Nevada Texas Maine 226

Abrigo

JULY 9, 2024

Proposed NPRM FinCEN's anticipated AML/CFT program rule The Financial Crimes Enforcement Network (FinCEN) recently unveiled its Notice of Proposed Rulemaking (NPRM) for AML/CFT programs, federal regulators’ latest move to enhance the integrity and effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT) efforts.

Compliance 221

Compliance Fraud Regulation National 221

Perficient

JULY 18, 2024

Next, we migrated data to a new AWS-hosted client reference database powered by Apache Glue and DynamoDB. That’s where our team of experts came in. This highly connected solution consolidates client, transaction, and account data into a dynamic, centralized repository.

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Management Data Customer Experience Innovation 221

BankUnderground

JULY 31, 2020

To make regulation proportionate, policymakers adapt regulatory requirements to the risks posed by each firm. But regulators face a trade-off between addressing systemic risks in a proportionate way and limiting regulatory complexity. A threshold could become a barrier to growth if it leads to higher operational costs (e.g.

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Regulation Policies Analysis Capital 102

PYMNTS

NOVEMBER 9, 2020

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward.

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Fintech Data Regulation Innovation 285

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore.

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Regulation National Austin Fintech 100

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

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Payments Tools Security Regulation 240

Cisco

JANUARY 24, 2023

The prior blogs in this series, listed at the bottom, have discussed the various regulations affecting CIOs and their IT organizations. The purpose of this blog is to discuss a few ways in which tooling and automation capabilities can be used to satisfy the asset management requirements of the FFIEC Operations Guide.

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Meeting Regulation Management Technology 118

Perficient

FEBRUARY 1, 2021

With regulations such as the CMS Final Rule , patient data such as the below needs to be available and shareable: Patient Record API. Perficient partners with MuleSoft to improve clinical, financial, and operational efficiency. Provider Directory API. Payor to Payor Transfer. Notification of discharge and other events.

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Data Resources System Management 271

PYMNTS

SEPTEMBER 16, 2020

Establishing trust is crucial for all companies that operate in the sharing economy. Ridesharing marketplaces similarly rely on trust to please the car owners and renters who use their platforms, verifying that both parties are who they say they are as well as complying with relevant regulations. . Catering To Renters’ Needs .

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Taxes Guidelines Meeting Security 230

Perficient

JUNE 25, 2024

Toll Gates Are Needed To avoid repeating such scenarios, of that rather dire history, Hsu advocated for regulators and the industry to proactively identify points where growth and development should pause to ensure responsible innovation and build trust.

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Case Study Risk Management Analysis Innovation 221

PYMNTS

JULY 28, 2020

Robust international operations require winning over many sellers and operating smoothly around the world, activities that can be challenging for platforms. Complying With Payments Regulations. Global marketplaces must follow numerous regulations when issuing payments.

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Marketing Regulation National Operations 159

PYMNTS

AUGUST 20, 2018

The firm that a White House lawyer once referred to as a “giant bloodsucker,” that hit a (staggering at the time) billion dollars in sales in 1929, that was valued at a billion dollars in 1959 and that reinvented the grocery store experience for consumers sold a 42 percent stake to a German investor in 1979 at a $190 million valuation.

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Regulation Online Innovation Google 105

South State Correspondent

JANUARY 3, 2024

This fictional novel with an ugly cover is a fast-paced and entertaining story of a plant manager desperately trying to improve operational performance and his marriage. The authors provide a history and context for modern regulation and a resource for future reference.

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Leadership Management Strategy How To 370

PYMNTS

OCTOBER 30, 2018

Coinbase, the cryptocurrency exchange operator, has raised a fresh round of funding that gives it a valuation of more than $8 billion. The latest round of funding implies investors are still interested in the cryptocurrency market despite the steep declines in the price of many of the digital tokens.

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cryptocurrency Regulation Management Innovation 181

Abrigo

NOVEMBER 3, 2023

The recommendations for CECL management described below refer to processes and approaches that have been effective among financial institutions as they have implemented the accounting standard since it became effective for the largest banks in 2020. Read on to learn what these practices are and how they can benefit your financial institution.

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Management Policies Training Compliance 195

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency ETFs?

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cryptocurrency Bitcoin Regulation Retail 134

CFPB Monitor

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). Appropriateness of alternative reference rates. Fallback language.

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Regulation Management FDIC Risk Management 78

Abrigo

DECEMBER 10, 2021

This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. These updates are in the sections for Charities and Nonprofit Organizations , Independent Automated Teller Machine (ATM) Owners or Operators , and Politically Exposed Persons (PEPs).

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Training Regulation Policies ATM 195

PYMNTS

NOVEMBER 30, 2018

The bank has also reached out to regulators, which were supportive of the endeavor. The system cross-references customer actions and flags unusual activity for review. It’s a game changer because it’s something we can scale when you operate in more than 60 jurisdictions.

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Google System Data Risk Management 179

PYMNTS

MARCH 6, 2019

For instance, the ability to transfer data and various assets can help firms keep track of, and improve, operations. Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Much of the operations are limited by the time zone/region and cutoff times for various markets,” he said.

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blockchain Management Data User Experience 189

PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

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Regulation Boston Cards Innovation 181

Independent Banker

AUGUST 31, 2022

Our senior leadership team took that to heart, and it stuck with us, creating an environment in which compliance plays a significant role in everything from our strategic direction to our daily operations. Regulations are there to require what we do every day as community bankers: protect our customers. My top three.

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Compliance Community Leadership Industry 177

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

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Regulation New York Management Taxes 78

Abrigo

SEPTEMBER 24, 2024

Human-in-the-loop refers to the collaboration between AI systems and human experts, ensuring that machines do not operate in isolation. Handling complex cases : Certain AML/CFT cases involve complex data layers or require an understanding of industry-specific regulations. Investigative expertise is critical.

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Software Management Compliance Resources 195

BankUnderground

AUGUST 24, 2022

Its implementation has however led to active discussion about whether the complexity of financial regulations has materially increased. Its revision, referred to as Basel II , contained three pillars and the treatment of market risk. We focus on four easily computable measures in this post: Length: The total number of words.

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Regulation Examples Capital Analysis 124

PYMNTS

OCTOBER 1, 2018

Business lending in Australia probably won’t face tougher loan regulation when it comes to small business loans. But instead of making recommendations, the report pondered if better enforcement of the law, as well as a simplification of those regulations, would help enforce it more effectively.

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Lending Regulation National Report 135