Perficient Digital Transformation

JANUARY 3, 2024

For brokers, in the financial services sector, remote work became especially difficult due to the requirement for firms to register and supervise all home office “branches.” When an announcement is made, Perficient’s Risk Management and Regulatory Capabilities Center of Excellence is dedicated to keeping the public informed.

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Service Regulations Flexibility Risk Management 52

Perficient Digital Transformation

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

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Banking Insurance Regulations Risk Management 52

The Hackett Group

FEBRUARY 16, 2024

4) returned to the top five priorities for 2024, highlighting procurement executives’ concern over increased expectations for their function. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%. spending increase.

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Perficient Digital Transformation

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.

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Perficient Digital Transformation

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry.

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Inventory Management Regulations Banking Government 52

IBM Services

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

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Cybersecurity Regulations Banking Risk Management 78

Everest Group

NOVEMBER 28, 2023

Service provider partners have heavily invested in developing broader capabilities and solutions to tap into the growing technology adoption demands from MGAs. Don’t miss our annual webinar, Key Issues 2024: Creating Accelerated Value in a Dynamic World , to learn the major concerns, expectations, and trends for 2024.

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Insurance Service Co-Sourcing Analytics 59

inDinero

MAY 13, 2024

If you’d like a professional pair of hands, indinero’s corporate payroll services are here to help. The 2023 maximum was $160,200 The 2024 maximum is $168,600 Medicare Tax The Medicare tax rate is a flat 1.45% of all wages. For 2024, withhold an additional 0.9% For 2024, withhold an additional 0.9%

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Payroll Insurance Out-Tasking Government 52

Everest Group

OCTOBER 31, 2023

While the risks emanating from generative AI usage are notable, its benefits are too significant for enterprises to ignore. Consequently, enterprises that can leverage generative AI’s strengths while effectively mitigating its risks will outperform their peers.

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Risk Management Risk Management Government Management 64

AS White Global

JULY 7, 2022

The role of IT is more essential than ever in day-to-day operations to meet the increasing demand for faster delivery of services, accurate and real-time data collection, streamlining business processes, and optimum customer experience. An asset to business continuity and risk management. Scalability of services.

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Offshoring Service Cybersecurity Human Resources 52

Everest Group

FEBRUARY 26, 2024

billion acquisition of Discover Financial Services would combine two of the largest credit card companies, creating the most dominant US credit card firm. This deal holds the potential to significantly impact the banking and financial services (BFS) IT services market and providers. Capital One’s planned US$35.3

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Banking Risk Management Risk Management Marketing 59

3Pillar Global

JANUARY 4, 2024

Growing revenue and reducing costs remains a top priority for healthcare organizations in 2024. Missed charges, undercoding, or failure to capture all services provided can all lead to lost revenue. As such, revenue cycle optimization, streamlining payment, and reducing billing and coding errors are critical areas of focus.

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Healthcare Reduced Costs Automation Administrative 52

Everest Group

APRIL 16, 2024

in January 2024), eroding the value of the peso and crippling economic activity. Financial implications During the transition to a dollarized economy, global companies may face challenges in hedging due to foreign exchange fluctuations, necessitating careful currency risk management and financial strategy adaptation to maintain profitability.

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Banking Government Jobbing Risk Management 64

Everest Group

NOVEMBER 15, 2023

Everest Group’s Strategic Engagement Reviews (SERs) reveal several key trends that hinder enterprises from realizing maximum value from business process services (BPS) contracts. During the pandemic, service providers were in emergency mode to ensure business continuity for their clients, which increased satisfaction scores in 2021.

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IBM Services

MARCH 4, 2024

In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness.

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Government Co-Sourcing Engineering Risk Management 104

NoonDalton

APRIL 29, 2024

These advanced technologies are pioneering new practices and methodologies across various aspects of finance and accounting: Predictive Analytics : As we navigate through 2024, AI’s capability to analyze extensive historical financial data is a game-changer.

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Finance Accounting Cybersecurity Data Entry 52

Vilmate

JANUARY 11, 2024

We’ll explore the topics experts discussed at key IT conferences and try to understand what to expect in 2024. Attendees at the conference undoubtedly benefited from the insights of someone who has provided services to 47 million businesses in 200 countries worldwide. Web Summit 2024 will be even more extensive and exciting.

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Cybersecurity Healthcare Analytics Design 52

IBM Services

SEPTEMBER 15, 2023

For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. These requirements will likely mandate publicly traded companies to disclose their greenhouse gas (GHG) emissions footprint, climate-related goals, and progress, as well as climate-risk related financial impact and expenditures.

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Regulations Analytics Government Automation 77

Capgemini

JANUARY 19, 2023

Increasingly, startups can deliver plug and play solutions that can be adopted quickly and directly – so, where does this leave Big Tech, clients, and service providers, and what is their new role in the value chain? How can risk management cope with startups? trillion dollars by 2024, creating 4.2

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Everest Group

FEBRUARY 22, 2024

With the deadline for the European Union’s Digital Operational Resilience Act (DORA) less than a year away, financial entities and service providers need to begin acting to reach compliance. DORA will impact all financial institutions and ICT third-party service providers.

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Regulations Cybersecurity Risk Management Risk Management 59

Magellan Solutions

FEBRUARY 1, 2018

In the legal industry — and perhaps in any other industry — offering high quality services for a much cheaper price is a guaranteed method of stimulating market reach. The legal process outsourcing market is experiencing a steady growth due to law firms’ increasing need to provide standard services while keeping their expenses at bay.

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Offshoring Outsourcing Legal Services Marketing 49

Planergy Software

AUGUST 18, 2022

Bureau of Labor Statistics has estimated that jobs such as financial analysts will grow by 12% through 2024, with finance jobs growing rapidly in both Europe and Asia as well. Asset Management – If your critical thinking skills are top-notch, asset management may be a good fit. Even better, the U.S.

Finance 52

Finance Banking Accounting Insurance 52

IBM Services

FEBRUARY 8, 2024

The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024. Risk management – preset risk thresholds, and proactively detect and mitigate AI model risks.

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Government Regulations Risk Management Risk Management 78

IBM Services

APRIL 11, 2024

A cloud-based infrastructure that uses IBM Cloud® for Financial Services can be the answer to ensure the security, privacy and flexibility needed to keep up with these changes in the industry. December 2024: Banks of EU and Eurozone countries are required to support receiving SEPA instant payments.

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Banking Regulations Accounting Flexibility 62

Future of Sourcing

MAY 23, 2023

New Cybersecurity Regulatory Proposals Target the Third-Party Risks Lurking in the Dark Bad actors can - and will - exploit vulnerabilities without adequate visibility into extended supply chains and third-party ecosystems. Business leaders looking to improve their third-party risk management strategies should: 1.

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Cybersecurity Risk Management Risk Management Pharmaceuticals 52

IBM Services

APRIL 3, 2024

On March 6, 2024, the US Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. IBM does not provide legal advice nor represent or warrant that its services or products will ensure that the client is compliant with any law or regulation.

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Perficient Digital Transformation

APRIL 18, 2024

Of course, providing this “new and improved” service will require re-writing front ends and processing engines to provide the necessary data in a timely manner. Without open banking, consumers struggle to switch between bank deposit and lending offerings.

Banking 52

Banking Regulations Retail Accounting 52

IBM Business Partners

MAY 14, 2024

Many of your existing programs and practices — such as third-party risk management, procurement, enterprise architecture, legal, privacy, and information security — will already overlap to create efficiency and leverage the full power of your agency teams.

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Government Risk Management Risk Management Accounting 86

IBM Services

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 to total $678.8 billion in 2023. Webex or Slack) hosted over the public internet.

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Regulations Flexibility Automation Healthcare 98

Obobo

MARCH 19, 2023

With the rise of technology, companies are turning to contract management systems (CMS) to automate their contractual processes. Expertise and Experience: According to Gartner, “by 2024, 90% of contracting will be aided by AI, up from 50% today.”

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Management Automation Out-Tasking Administrative 40

SirionLabs

NOVEMBER 30, 2021

As per a study by the National Contract Management Association (NCMA) , 54% of participants struggled to access specific terms and clauses without wasting time sorting through their contract portfolio. According to Gartner, AI-powered solutions will reduce manual contract review effort by 50% by 2024. Automate the legal review process.

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Management Collaborations Risk Management Risk Management 52

IBM Services

FEBRUARY 22, 2024

Measuring fairness and making equity standards actionable by providing functional and non-functional requirements for varying levels of service. For example, have appropriate and inappropriate uses of the model been clearly communicated?

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Co-Sourcing Government Design Accounting 99

Capgemini

MARCH 28, 2024

Why data may be the missing piece in your climate risk management strategy Franco Amalfi Mar 13, 2024 Facebook Linkedin Climate risks will always be a reality, but businesses now have the tools they need to monitor and predict problems and build plans for addressing them Climate risks are intensifying.

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Risk Management Risk Management Management Regulations 52

Capgemini

NOVEMBER 22, 2023

The authorities will seek feedback from the public on technical standards and measures – such as the monitoring, detection and notification of market abuse, record keeping, sustainability indicators and governance – before they’re implemented in 2024. MiCA – What Is It and What’s in Scope?

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Regulations Banking Advisory Government 52

Capgemini

NOVEMBER 22, 2023

VASP Model Validation Peter Weitzman 10 November 2023 Facebook Twitter Linkedin In the wake of high-profile bank collapses and increased regulatory scrutiny, banks are more reluctant to open their doors to virtual asset service providers (“VASPs”). Blockchains provide a public, permanent and immutable ledger of transaction history.

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Banking Regulations Finance Risk Management 52

Capgemini

APRIL 3, 2024

Auditing ChatGPT – part II Grégoire Martinon, Aymen Mejri, Hadrien Strichard, Alex Marandon, Hao Li Jan 12, 2024 Facebook Linkedin A Survival Issue for LLMs in Europe Large Language Models (LLMs) have been one of the most dominant trends of 2023. Risk management and setting up evaluation protocols. We will get back to you.

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