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6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient Digital Transformation

Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. By streamlining processes and ensuring compliance with regulations, banks can reduce the likelihood of errors, fraud, and other operational inefficiencies that could threaten their stability.

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Navigating Payroll Outsourcing Regulations

Paysquare

However, it is crucial to note that the industry is subject to rigorous regulations, encompassing a multitude of rules and prerequisites that differ depending on the business type and location. To navigate these regulations efficiently, companies must be aware of their obligations. from 2021 to 2026.

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What you need to know about the CCPA rules on AI and automated decision-making technology

IBM Services

In November 2023, the California Privacy Protection Agency (CPPA) released a set of draft regulations on the use of artificial intelligence (AI) and automated decision-making technology (ADMT). By following how the ADMT rules progress, organizations can better position themselves to comply as soon as the regulations take effect.

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How to implement the General Data Protection Regulation (GDPR)

IBM Services

The General Data Protection Regulation (GDPR), the European Union’s landmark data privacy law, took effect in 2018. Irish regulators hit Meta with a EUR 1.2 Special category data includes biometrics, health records, race, ethnicity, and other highly personal information. billion fine in 2023.

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5 Best Areas for Automation in Finance

Automation Anywhere

Reporting errors and/or delays can result in significant scrutiny from regulators and investors. Robotic Process Automation (RPA) has been driving greater efficiency, accuracy, and compliance in finance departments for several years. RPA can improve operational efficiency, timeliness, and accuracy by automating these manual steps.

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Achieving Compliance Excellence Leveraging Automated Payroll Solutions with Leave & Attendance Systems

Paysquare

Introduction of Automated Payroll Solutions with Leave & Attendance Systems Technology is approaching the world very fast, and there’s no field left in today’s generation that is not covered by it. Automated Payroll Solutions with Leave & Attendance Systems streamline processes, reduce errors, and boost employee satisfaction.

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How Process Mining Accelerates Efficiency for Highly Regulated, Customer-obsessed Industries

Perficient Digital Transformation

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 has challenged many organizations to better optimize and intelligently automate business processes and experiences.