IBM Services

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Service 59

Service Banking Cybersecurity Regulations 59

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.

Inventory Management 52

Inventory Management Regulations Banking Government 52

IBM Services

FEBRUARY 22, 2024

While AI can undoubtedly offer a competitive edge to organizations that effectively leverage its capabilities, we have seen unique concerns from industry to industry and region to region that must be considered—particularly around data. We believe this is particularly important with the rise of generative AI.

Regulations 78

Regulations Cybersecurity Design Banking 78

SIG Speaks

APRIL 4, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Jai Chinnakonda shares why every organization should adopt integrated third-party risk governance and management into their team structure. A report from Deloitte titled 'Third-party governance and risk management.

Risk Management 40

Risk Management Risk Management Government Management 40

Everest Group

MAY 21, 2024

Outsourcing is a growing trend in the insurance industry to transform the actuarial function by reducing costs, creating innovation, increasing efficiencies, and filling the talent demand. This growth rate surpasses most occupations, signaling a promising future for those working in the industry. Contact us to learn more.

Insurance 64

Insurance Outsourcing Flexibility Risk Management 64

IBM Business Partners

MAY 14, 2024

Companies across industries are realizing the need to integrate artificial intelligence (AI) into their core strategies from the top to avoid falling behind. Consider the most vulnerable among us, when specifying the problem, understanding the data, and evaluating the solution. “Create trustworthy AI development.”

Government 84

Government Risk Management Risk Management Accounting 84

Perficient Digital Transformation

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?

Regulations 52

Regulations Advisory Risk Management Risk Management 52

31 West

JANUARY 31, 2023

It’s right there at our fingertips, but with so much information, we’d drown in data unless we use a smart way to detect the important information, analyze and use it. If you feel like there’s too much information right now, only imagine what will happen in a few years. The total volume of data was calculated at 64.2

Risk Management 130

Risk Management Risk Management Sourcing Regulations 130

IBM Services

APRIL 11, 2024

One of the biggest challenges these organizations face is evolving regulations related to payments. To modernize, remain competitive and be compliant with regulations requires organizations to work with a “trusted” technology partner who can help to bring together their traditional payment practices and innovative solutions.

Banking 62

Banking Regulations Accounting Flexibility 62

IBM Services

DECEMBER 14, 2023

The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. Consequently, these data breaches can rattle customer trust and the confidence of regulators. 

Cybersecurity 89

Cybersecurity Regulations Collaborations Payroll 89

Magellan Solutions

MAY 2, 2024

Outsourcing offshore requires careful consideration of data security, cultural differences, and regulatory compliance. Businesses need to strategize and be well-informed before making this decision. It provides the insights to make informed decisions aligned with your business goals.

Offshoring 52

Offshoring Outsourcing Right-Sizing Call Center 52

IBM Services

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Banking 75

Banking Regulations Design Risk Management 75

IBM Services

APRIL 20, 2023

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. This trust depends on an understanding of the data that inform risk models: where does it come from, where is it being used, and what are the ripple effects of a change?

Banking 70

Banking Government Risk Management Risk Management 70

Amzur

JUNE 7, 2023

By embracing technology-driven data analytics, CFOs can make informed and data-backed decisions that drive financial performance and create a competitive edge. NetSuite’s embedded analytics solution revolutionizes the way businesses harness their data for actionable insights and improved decision-making.

Finance 52

Finance E-Commerce Analytics Risk Management 52

IBM Services

OCTOBER 30, 2023

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. million, representing a 15.3% increase from 2020.

Cybersecurity 79

Cybersecurity Regulations Risk Management Risk Management 79

Paysquare

MAY 27, 2023

In today’s competitive business world, managing employee benefits and taxes can be overwhelming for any organisation. The complexity of administering employee benefits, ensuring compliance with labour laws, and managing payroll can quickly become a burden, especially for small and medium-sized businesses without dedicated HR staff.

Management 52

Management Payroll Administrative Regulations 52

Magellan Solutions

AUGUST 6, 2023

AI tools for accountants can automate repetitive tasks, enhance fraud detection, enable predictive modeling, and simplify compliance procedures. We’ll explore how AI tools can benefit the finance and accounting industry. This AI tool excels at extracting relevant information without relying on templates or memorization.

Accounting 98

Accounting Finance Data Entry Out-Tasking 98

Intugo

JANUARY 23, 2024

As a result, evaluating client testimonials, online reviews, and industry rankings can offer insights into an outsourcing company’s reliability and success rate. Industry Expertise An outsourcing partner familiar with the nuances of your industry will offer more targeted solutions.

Outsourcing 59

Outsourcing Nearshoring Call Center Flexibility 59

IBM Services

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. You can read more about preparing for the FSMA here or try our FSMA 204(d) compliance module for free.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

NoonDalton

APRIL 29, 2024

The integration of Artificial Intelligence (AI) in accounting and finance is revolutionizing the industry by automating complex processes and enhancing efficiency. By recognizing intricate patterns, AI enables firms to forecast future financial trends and market dynamics, which are crucial for strategic planning and risk management.

Finance 52

Finance Accounting Cybersecurity Data Entry 52

Capgemini

NOVEMBER 22, 2023

For risk wary banks, VASPs with strong financial crime compliance (“FCC”) programs are among the most appealing customers in the cryptocurrency industry. According to the Federal Reserve’s SR 11-7: Guidance on Model Risk Management , model validation includes: Evaluation of Conceptual Soundness. Ongoing Monitoring.

Banking 52

Banking Regulations Finance Risk Management 52

NoonDalton

JULY 19, 2023

As businesses seek to streamline operations, reduce costs, and tap into specialized talent pools, RPO is increasingly becoming their go-to solution. Compliance and Reporting: Ensuring all recruitment activities are compliant with industry regulations and providing detailed analytics and reporting on recruitment metrics.

Outsourcing 52

Outsourcing Reduced Overhead Right-Sizing Analytics 52

Future of Sourcing

MAY 23, 2023

Hackers are sticking to their 2022 playbook as they target third parties with access to sensitive company information and more vulnerable security protocols. The recent rise in cyber attacks has prompted proposed cybersecurity regulations worldwide. Non-compliance will result in a fine of up to 10 million euros or 2% of global revenue.

Cybersecurity 52

Cybersecurity Risk Management Risk Management Pharmaceuticals 52

Offshore India Data Entry

NOVEMBER 16, 2023

Advanced mortgage processing software can manage mortgage processes such as application management, data collection, extraction, and compliance checks. Training and hiring Mortgage entry deals with loan documentation, regulation checks, and lots of confidential information.

Outsourcing 52

Outsourcing Out-Tasking Regulations BPO 52

IBM Business Partners

AUGUST 1, 2023

Whether it’s addressing customer demands for seamless digital experiences or helping clients navigate complex industry regulations, IBM Cloud is committed to helping clients drive innovation today while preparing them for tomorrow.

Regulations 64

Regulations Banking Design Flexibility 64

SIG Speaks

JANUARY 4, 2024

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Andy Ignacio describes and compares some of the related concepts he learned throughout the program to his organization's evolution from "check the boxes" to a strong risk culture and program. It was not a bad strategy.

Risk Management 40

Risk Management Risk Management Banking Government 40

Paysquare

MAY 25, 2023

Managing payroll efficiently and ensuring compliance with ever-changing regulations are crucial aspects of running a successful business. However, the complexities and intricacies of payroll processing can be overwhelming, leading to increased risks and potential compliance issues.

Payroll 52

Payroll Outsourcing Regulations Banking 52

31 West

MARCH 24, 2024

By systematically addressing each component, tech companies ensure that sensitive information remains secure – a fundamental aspect customers deeply care about. This preemptive stance on security matters immensely when customers evaluate whom they should entrust with their sensitive information.

Customer Service 100

Customer Service Service Call Center Outsourcing 100

IBM Services

MARCH 4, 2024

Security, governance, risk and compliance mechanisms are essential not only for governing AI but also for managing the IT estate running AI, providing evidence for regulatory compliance. Financial/criminal: Violations of existing and emerging data and AI regulations. For example, hate, abuse, profanity and bias.

Government 104

Government Co-Sourcing Engineering Risk Management 104

IBM Business Partners

JULY 27, 2023

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. through 2030. equipment, machinery and infrastructure).

Inventory Management 56

Inventory Management Risk Management Risk Management Regulations 56

Infosys Consulting

NOVEMBER 6, 2023

Organizations worldwide—regardless of industry—are facing a growing number of regulations from financial reporting, capital calculations, and cybersecurity to operational resilience. The need for a robust and sustainable model for regulatory change management is evident. What is regulatory change management?

Management 52

Management Regulations Government Cybersecurity 52

IBM Services

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. While advanced models can handle diverse data types, some excel at specific tasks, like text generation, information summary or image creation.

Out-Tasking 122

Out-Tasking Design Automation Sales 122

Avasant

APRIL 8, 2021

Business Agility And Resilience Drive Demand For Risk And Compliance Services. COVID-19 has empha sized the need for regulatory compliance, internal compliance controls, and the use of security frameworks and tools. Risks have changed with a growing cloud environment and increasingly diverse IT service portfolio.

Service 52

Service Regulations Risk Management Risk Management 52

Paysquare

AUGUST 7, 2023

It also helps navigate complex regulatory requirements and ensures compliance. Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

IBM Services

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape.

Service 51

Service Banking Risk Management Risk Management 51

IBM Services

APRIL 4, 2024

A purchasing agreement between a client and vendor, for example, needs to evolve and go through different rounds of approval and be organized, accessible and compliant with regulations. Business process management examples BPM can help improve overall business operations by optimizing various business processes.

Management 58

Management Automation Out-Tasking Inventory Management 58

IBM Services

MARCH 26, 2024

To scale progress in combating climate change, this alignment and collaboration must happen across value chain partners, ecosystems, and industries. However, to capture both the business value behind ESG compliance as well as its ability to drive impact, it requires a holistic approach that strategically captures these synergies.

Facilities Management 65

Facilities Management Right-Sizing Accounting Government 65