Risk Guide

FEBRUARY 7, 2022

Volumes have been written on the cause of the crisis the world is in, surveys have been done and many fingers are pointing in every direction—a couple of these are pointing straight at us, the Risk Professionals. It is time to renovate risk management. The basic Risk Management process cycle is one of those.

Risk Management 52

Risk Management Risk Management Management Banking 52

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. So, where does the problem lie?

Risk Management 40

Risk Management Risk Management Government Management 40

31 West

MARCH 24, 2024

Tech companies are in a relentless pursuit to heighten the caliber of their customer service – a critical determinant of success. Amidst this endeavor, Data Security Posture Management (DSPM) emerges as a formidable ally. So what happens when DSPM becomes part of the customer service equation?

Customer Service 100

Customer Service Service Call Center Outsourcing 100

31 West

NOVEMBER 25, 2023

In the rapidly evolving digital landscape of the 21st century, Information Technology Service Management (ITSM) has emerged as a critical component in various sectors, especially in education. This blog post delves into the significance of ITSM in enhancing IT support for students and faculty in educational institutions.

Management 130

Management Service Administrative Research 130

IBM Services

MARCH 25, 2024

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Longer-term local climate change risks might still devalue property that hasn’t suffered damage. Financial services firms can use the tool for “what if?”

Insurance 92

Insurance Service Accounting Risk Management 92

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

Lots of innovation is happening, with new technologies emerging in areas such as data and AI, payments, cybersecurity and risk management, to name a few. A third-party risk management review, where the ISV needs to describe how it is complying to required controls. Most of these new technologies are born-in-cloud.

Service 59

Service Banking Cybersecurity Regulations 59

31 West

JUNE 5, 2023

Most IT help desk service providers rely on Microsoft 365 for emails, calendars, and other office tools. It’s a cloud-based service that covers Word, PowerPoint, Excel, and other applications that boost your productivity and allow businesses to run routine management operations flawlessly. Here’s why.

Risk Management 130

Risk Management Risk Management Accounting Event Management 130

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.

Service 52

Service Regulations Flexibility Risk Management 52

The Hackett Group

DECEMBER 13, 2023

Companies Need Digital-Ready Contracts That Not Only Deliver Cost Reduction But Also Focus on Business Value Creation and Innovation Miami, FL – December 13, 2023 – A new Hackett Value Matrix analysis of 15 leading finance and accounting outsourcing (FAO) service providers by The Hackett Group, Inc.

Research 69

Research Service Advisory Robotics Process Automation 69

Groove Technology

MAY 7, 2024

In today’s globalized business environment, outsourcing IT functions is a strategic move for many companies looking to enhance service quality, reduce costs, and access a wider talent pool. This experience translates into better risk management, compliance, and understanding of global market nuances for their clients.

IT Outsourcing 130

IT Outsourcing Outsourcing Cybersecurity Government 130

Redial

JULY 5, 2023

It encompasses a range of technologies, processes, and policies designed to mitigate risks and ensure information confidentiality, integrity, and availability. Letting our Redialers (team members) for both operative and administrative personnel the best practices and important information on what to do.

Cybersecurity 130

Cybersecurity Risk Management Risk Management Insurance 130

The Hackett Group

APRIL 13, 2023

NASDAQ: HCKT) today announced that its Market Intelligence Service has launched a new research project that will evaluate and rank finance and accounting outsourcing solutions providers. They have consistently cited a gap in provider insight around the realization of value from specific software and service investments.

Finance 96

Finance Research Accounting Outsourcing 96

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.

Cybersecurity 78

Cybersecurity Regulations Banking Risk Management 78

IBM Services

DECEMBER 4, 2023

DORA has several objectives, including to comprehensively address information and communications technology (ICT) risk management in the financial services sector and harmonize the ICT risk management regulations that already exist in individual EU member states.

Right-Sizing 92

Right-Sizing Risk Management Risk Management Regulations 92

Intugo

DECEMBER 6, 2023

Outsourced Accounting Services vs. In-House [Pros and Cons] Effective accounting is essential for the smooth functioning of any successful business. The significance of sound accounting practices cannot be overstated, as they enable businesses to make informed decisions, maintain compliance, and foster overall financial health.

Accounting 59

Accounting Outsourcing Service Nearshoring 59

Invedus

FEBRUARY 20, 2023

It might be difficult to decide whether to employ Virtual CFO services or hire an in-house CFO when making important choices, like hiring a CFO for a business. Significance of “In-House vs Virtual CFO Services” In-house CFO The term “in-house CFO” describes a CFO who works out of the company’s allocated office.

Finance 52

Finance Service Right-Sizing Accounting 52

Perficient Digital Transformation

JULY 10, 2023

The trust placed in financial services organizations by clients, investors, and stakeholders is not only a reflection of reliability but also a significant driver of business success. Most financial services institutions have in place some sort of reputational risk framework that intends to mitigate such risks.

Service 40

Service Banking Risk Management Risk Management 40

AS White Global

JULY 7, 2022

Information Technology ( IT ) is the digital backbone of industries and businesses. 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.

Offshoring 52

Offshoring Service Cybersecurity Human Resources 52

31 West

JANUARY 31, 2023

It has a proven track record for generating leads, predicting business trends, or providing insights that lead to better IT help desk services. 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.

Risk Management 130

Risk Management Risk Management Sourcing Regulations 130

Everest Group

MAY 21, 2024

Explore the factors driving insurers to partner with specialized service providers and the advantages and obstacles of actuarial outsourcing. Outsourcing actuarial services is emerging as a compelling long-term solution that enables insurers to maintain control and gain a strategic market advantage. Contact us to learn more.

Insurance 64

Insurance Outsourcing Flexibility Risk Management 64

IBM Services

APRIL 18, 2023

It provides a structured way of exchanging data for financial transactions, including payments, securities and trade services. ISO 20022 data improves payment efficiency The impact of ISO 20022 on payment systems data is significant, as it allows for more detailed information in payment messages.

Banking 114

Banking Analytics Risk Management Risk Management 114

Perficient Digital Transformation

NOVEMBER 17, 2023

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period. Contact us today!

Retail 52

Retail Banking Accounting Risk Management 52

Magellan Solutions

JUNE 30, 2021

Rather it has a more direct impact on customer service outsourcing companies. There is a constant fear of information leak, thus a possibility of creating damage to the business. . Aside from this pandemic, you should also understand that, although there is an inevitable fear of information leakage, computers create more than destroy.

Customer Service 52

Customer Service Outsourcing Service Customer Support 52

Perficient Digital Transformation

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 64

Risk Management Risk Management Banking Insurance 64

Avasant

APRIL 8, 2021

Business Agility And Resilience Drive Demand For Risk And Compliance Services. Risks have changed with a growing cloud environment and increasingly diverse IT service portfolio. The need for a strong governance, risk, and compliance (GRC) partner has grown. . Press Releases. Los Angeles, April, 2021.

Service 52

Service Regulations Risk Management Risk Management 52

IBM Business Partners

MAY 28, 2024

A data protection strategy is a set of measures and processes to safeguard an organization’s sensitive information from data loss and corruption. While data security focuses on protecting digital information from threat actors and unauthorized access, data protection does all that and more.

Cybersecurity 82

Cybersecurity Regulations Government Out-Tasking 82

Perficient Digital Transformation

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

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.

Risk Management 40

Risk Management Risk Management Banking Government 40

Perficient Digital Transformation

JANUARY 30, 2024

Every voice within our organization holds significance, none more so than Carolyn Lee , a Project Manager (PM) in our Financial Services business unit and a leader in Perficient’s Risk and Regulatory Center of Excellence (CoE). I joined Perficient through the Management Consulting business unit and started with FS a year ago.

Risk Management 52

Risk Management Risk Management Collaborations Accounting 52

inDinero

SEPTEMBER 26, 2023

And if you’re in need of Fractional CFO Services , you’ve come to the right place ! Introduction In the dynamic landscape of Software as a Service (SaaS), the role of a Chief Financial Officer (CFO) is pivotal. Risk Management : A SaaS CFO must be well-versed in risk management and compliance.

Finance 98

Finance Risk Management Risk Management Analytics 98

Everest Group

MAY 24, 2023

Partnering with service providers will help insurers overcome barriers and improve efficiencies. Reach out directly to discuss or for more information. Read on to learn more.

Insurance 52

Insurance Risk Management Risk Management Analytics 52

Redial

JULY 13, 2023

Is not enough to have a mobile app, customers want fast, on the clock service to move their money, payments, everything! Redial understands the importance of digital transformation and helps banks identify and implement the right technologies to enhance customer experiences though nearshore and offshore contact services.

Banking 100

Banking Cybersecurity Advisory Nearshoring 100

IBM Services

APRIL 12, 2024

However, they follow different approaches to risk management by using a risk matrix to assess risk at the start of an optimization cycle. This top-down process is effective for new assets since no information about the assets is available. They combine new asset investments with existing asset replacements.

Energy & Utilities 87

Energy & Utilities Risk Management Risk Management Engineering 87

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

Perficient Digital Transformation

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. Don’t hesitate to reach out and leverage our knowledge to make informed decisions.

Accounting 52

Accounting Banking Retail Risk Management 52

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. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

Inventory Management 52

Inventory Management Regulations Banking Government 52