Perficient Digital Transformation

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Build a reliable risk management strategy using accurate estimations and predictions. This blog was co-authored by Carl Aridas and Joel Thimsen.

Regulations 52

Regulations Efficiency Healthcare Automation 52

Everest Group

MAY 19, 2022

With increased cyber attacks and data breaches post-pandemic, cyber insurance to protect against the rising digital threats is growing in demand. Cyber insurers can benefit by partnering with service providers to seize opportunities for growth and profitability in this fast-growing market. Read on to learn how. .

Insurance 52

Insurance Marketing Cybersecurity Engineering 52

Perficient Digital Transformation

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 Despite this proactive approach, federal banking regulators either neglected to review the same documents or did so without taking necessary action before the bank failed.

Banking 52

Banking Insurance Regulations Risk Management 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. Similarly, in the U.S.

Cybersecurity 80

Cybersecurity Regulations Banking Risk Management 80

Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Inventory Management 52

Inventory Management Regulations Banking Government 52

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

AUGUST 16, 2023

Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. Mr. Herndon named the Federal Deposit Insurance Corporation (“FDIC”) as receiver, allowing the FDIC to take control of the Heartland Tri-State’s operations.

Banking 52

Banking Regulations Risk Management Risk Management 52

IBM Services

DECEMBER 8, 2023

Risk transfer: Risk transfer involves passing the risk to a third party. This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company. An example of this is obtaining an insurance policy to cover property damage or personal injury.

Risk Management 74

Risk Management Risk Management Insurance Cybersecurity 74

Perficient Digital Transformation

SEPTEMBER 16, 2022

To counteract and minimize such risks, the Fed’s Supervisory Letter required that prior to engaging in any crypto-asset-related activity, a supervised banking organization must first ensure such activity is legally permissible and determine whether any filings are required under applicable federal or state laws. The Home Owners’ Loan Act.

Banking 64

Banking Regulations Risk Management Risk Management 64

IBM Services

JANUARY 16, 2024

What generative AI has done is open a new world of innovations that can help personalize financial planning and investment management. One example of this is in insurance. Learn more about hybrid cloud for financial services Trend: Cybersecurity risk management AI brings about more challenges, especially when it comes to cyber risks.

Service 51

Service Banking Risk Management Risk Management 51

Paysquare

MAY 27, 2023

An EOR can take on the employer responsibilities for a company, managing all aspects of migration, joining and on-boarding, benefits administration, payroll management, compliance and risk management, employee query resolution, and exit management.

Management 52

Management Payroll Administrative Regulations 52

SIG Speaks

MARCH 28, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Elizabeth Marquez shares what she has found helps with managing third-party risk resources and how to apply these concepts. I must understand the risks of working with Third-Party Resources. Chapman, p.

Management 40

Management Risk Management Risk Management Insurance 40

Intugo

AUGUST 3, 2023

Some of the functions associated with outsourcing human resources in Mexico include: Compliance The human resources department ensures your business complies with dynamic local, state, and federal employment laws and regulations. This requires a degree of expertise and an ongoing commitment to research and adaptations.

Human Resources 52

Human Resources Outsourcing Payroll Risk Management 52

IBM Services

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies.

Out-Tasking 125

Out-Tasking Design Automation Sales 125

SIG Speaks

AUGUST 24, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Steve Williams provides a look through Johari’s Window, and how knowing what we know and don’t know can unlock our understanding of a company’s risk profile while supporting it through negotiated contracts and governance.

Government 40

Government Risk Management Risk Management Cybersecurity 40

Groove Technology

SEPTEMBER 3, 2022

Complying with regulations will also get more difficult as you have to take into account the legal systems of the nations where your employees are based, including social security, data protection, and compliance with tax and labor laws. Accurate estimations of the employer burden. Contact us right away!

Payroll 130

Payroll Out-Tasking Administrative Accounting 130

IBM Services

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 85

Risk Management Risk Management Cybersecurity Management 85

Perficient Digital Transformation

MARCH 19, 2024

Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. Recommended Approach : Incorporating data into your organization’s processes and workflows requires technological investment in several key areas, including data integration and data management. Focus on health equity.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

SIG Speaks

NOVEMBER 4, 2022

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Jamie Huntington shares her thoughts on why Due Diligence is so essential in the third-party risk management process. These contractors' safety, insurance, judgments, and environmental practices were evaluated.

Risk Management 40

Risk Management Risk Management Government Collaborations 40

Capgemini

NOVEMBER 30, 2022

The banks and insurers don’t have a choice but to start to collaborate,” Parmar says. “So, By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management. Privacy is not just about the technology and the government’s regulations or the processes,” Parmar says. “A

Service 52

Service Finance Risk Management Risk Management 52

Perficient Digital Transformation

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands. Using generative AI for such purposes gives human resources more bandwidth to thoroughly investigate suspicious incidents.

Risk Management 19

Risk Management Risk Management Service Insurance 19

Neo Group

SEPTEMBER 24, 2020

John Bree, Chief Evangelist & CRO, Supply Wisdom will be moderating a panel on Regulations & Compliance in the New Normal. . In this panel, leaders from the financial and insurance sectors discuss how regulations and compliance have to increasingly be included in ongoing governance. No industry is immune to it.

Government 52

Government Co-Sourcing Advisory Regulations 52

Everest Group

MARCH 16, 2023

We believe this will start a domino effect impacting banking regulations, profitability, and technology spend. Banks’ risk management functions also will be scrutinized again. For example, only one of the seven members of SVB’s Risk Committee had risk management experience.

Banking 52

Banking Service Right-Sizing Risk Management 52

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Doing so reduces the risk of compliance violations and protects you against the enforcement of new regulations. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

IBM Services

SEPTEMBER 14, 2023

These requirements create a technical challenge for enterprises—especially in regulated industries (e.g., insurance, banking, healthcare, etc.)—to How are IBM Cloud regulated workloads set up and connected to other clouds? Why are regulated workload components spread across multiple clouds?

Regulations 78

Regulations Insurance Administrative Banking 78

NoonDalton

OCTOBER 24, 2022

A robust benefits package for employees, one that includes health insurance, a retirement plan, and more, may both retain current staff members and provide your business a recruiting advantage. Risk Management. Not only do HR teams manage employee relations and anti-discrimination initiatives. Employee Benefits Admin.

Outsourcing 80

Outsourcing Payroll Out-Tasking Right-Sizing 80

Everest Group

FEBRUARY 22, 2024

Learn the steps organizations should take to prepare now and discover how the new DORA regulations will strengthen digital operational resilience. The DORA regulations are expected to significantly enhance the digital resiliency of the EU’s financial sector and foster greater stability, consumer protection, and trust.

Regulations 59

Regulations Cybersecurity Risk Management Risk Management 59

Paysquare

AUGUST 7, 2023

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. Stay Updated on Industry Trends and Regulations Accounting regulations and industry practices are constantly evolving.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

inDinero

JULY 8, 2021

A company’s creditworthiness impacts a business owner’s loan terms, liability insurance premiums, and the regard of investors, vendors, and clients. Also, federal and state agencies heavily regulate banks, credit unions, and other financial institutions. Regulated pot was valued at $11.3 – Shariq Khan, Reuters.

Banking 69

Banking Accounting Regulations Government 69

IBM Business Partners

JULY 7, 2023

An example of the importance of data privacy is in the healthcare industry, where it’s critical to protect confidential patient information for patient trust and comply with regulations. Ensuring that permissions are removed when no longer needed lessens the security risk. Manage third-party-related risks.

Cybersecurity 40

Cybersecurity Regulations Government Healthcare 40

NoonDalton

OCTOBER 27, 2021

Several businesses have stringent privacy and security regulations that might increase the cost of sustaining a workforce. Outsourcing ensures consistency while also improving risk management. Insurance Processing. Fulfilling Compliance Requirements. More significantly, they increase the severity of the effects.

Outsourcing 94

Outsourcing BPO Accounting Customer Service 94

Obobo

MARCH 19, 2023

The role of the post award contract management team is to ensure that the procurement process is compliant with applicable laws and regulations and that the contract is being executed in accordance with the terms and conditions agreed by both parties. Here are five best practices for effective post-award contract management: 1.

Management 40

Management Risk Management Risk Management Government 40

Risk Guide

FEBRUARY 17, 2021

Defi platforms allow people to lend or borrow funds from others, insure against risks, trade and speculate as well as earn interest in a savings-like account. As an example, regulators in the USA have accepted the use of stable coins by banks, whilst numerous banks and countries globally are working on their own stable coins.

Banking 59

Banking Finance Insurance Regulations 59

NoonDalton

JUNE 12, 2023

While freelancers may offer unique talents and flexibility, the absence of structured processes and formal support systems poses inherent risks. Relying solely on the individual’s trustworthiness and self-regulation can result in inconsistent results and potential setbacks.

MicroSourcing 52

MicroSourcing Offshoring Outsourcing Flexibility 52

Everest Group

NOVEMBER 16, 2022

Fast-evolving consumer awareness about social, political, and environmental values, emerging regulations, and increased demand for sustainable financial products are pressuring BFS firms to prioritize ESG goals in operations and employment. ESG is creating new opportunities for BFS Global Business Services organizations.

Sourcing 52

Sourcing Banking Global Business Services Impact Sourcing 52

Planergy Software

AUGUST 18, 2022

The CPA exam is notoriously difficult, with four separate parts including Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. Financial planners also assist clients with insurance planning for proper risk management.

Finance 52

Finance Banking Accounting Insurance 52