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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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The Importance of Secure Handling of Employee Personal Information in Payroll Data Management

Paysquare

INTRODUCTION OF PAYROLL DATA MANAGEMENT Employee data is sensitive and contains personal information of the employees, which they share with their employers when they join the company. Such breaches indicate negligence in protecting sensitive information, which leads to a loss of confidence in the organization’s ability to protect data.

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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. from 2021 to 2026.

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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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What to consider for debt collection services

Redial

As companies adapt to the complex debt collection services, it becomes increasingly vital for executives and decision-makers to consider a multifaceted approach. This blog will delve into four vital elements leaders must contemplate when strategizing debt collection services within on-call centers.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient Digital Transformation

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. State Regulations.

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U.S. Regulators to Bank Boards: “Debt is Good”

Perficient Digital Transformation

The regulators feel that this proposed LTD rule would: Improve the resolvability of these banking organizations in case of failure, Potentially reduce costs to the Deposit Insurance Fund, and Mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors. E-mail: regs.comments@occ.treas.gov.