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AI Regulations for Financial Services: US Treasury Department

Perficient

In November 2022, the Treasury Department explored opportunities and risks related to the use of AI in its report assessing the impact of new entrant non-bank firms on competition in consumer finance markets, for which the department conducted extensive outreach.

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Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies

Perficient

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. ” Brian Bell, Perficient’s Insurance Principal, who was also quoted in the report, highlights the significance of another emerging technology: critical event intelligence. Interested in learning more?

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Go Where No Operations Department Has Gone Before – Instant Settlement

Perficient

Meanwhile, with both normal and extended settlement, initial and variation margins flow in and out of the bank as if the cash was on the Transporter that search parties used to go down and return to planets in Star Trek. The front office is screaming down to the Settlement Office, “Operations, we need more capital!”

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US Treasury imposes sanctions on Russian fintech operations

The Paypers

The US Treasury has announced that it imposed sanctions on Russian financial services and technology participants for providing services in virtual assets intended to evade Ukraine.

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Unique Challenges in the C&I Market Bridging the Gap from Attorneys to Tech

Speaker: Ren Hayhurst, Sr. Counsel and Executive Director

Learn how to bridge the gap between technology and attorneys to enhance operational efficiency. Join us now and unlock actionable strategies to navigate today's C&I lending landscape successfully. Discover the intricacies of serving specialty and niche businesses and adapt to the ever-widening landscape of borrowers.

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Lloyds Bank’s operating costs up 11% YoY

BankInovation

Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. Cost management remains a core discipline for us as a group,” Chief Financial Officer William Chalmers said during the bank’s earnings call today.

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Technology and Fun Merge at Perficient’s Lafayette Delivery Center

Perficient

With our team’s help, the client has been able to transition a significant portion of their userbase to a named user system and allowed us the opportunity to help develop the tools that their clients will use to manage these users.” — Austin Spinazze, Associate Technical Consultant. “I It’s always easy to find someone to ask advice.