Obobo

JANUARY 12, 2023

What is Automated Vendor Risk Management? The use of technology to simplify and streamline vendor risk management processes has become a necessary part of business operations. Automated Vendor Risk Management (AVRM) is the practice of using technology to identify and mitigate third-party risks.

Risk Management 40

Risk Management Risk Management Automation Management 40

SIG Speaks

MARCH 8, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate John M. Lehr discusses how third-party risk management teams must enter into a safe third-party relationship and how to build and maintain trust, as well as how to adapt as the consumer wants and needs evolve rapidly.

Risk Management 40

Risk Management Risk Management Management Right-Sizing 40

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.

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Service Banking Cybersecurity Regulations 59

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.

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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

Everest Group

MARCH 19, 2024

By partnering with IT and technology services providers, banks and financial institutions can prepare for the new T+1 settlement. This security trade rule change to shorten the order finalization date by a day is expected to enhance operational efficiencies and reduce risk.

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Banking Service Streamline Operations Risk Management 64

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.

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Cybersecurity Regulations Banking Risk Management 78

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?

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Customer Service Service Call Center Outsourcing 100

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.

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Service Banking Risk Management Risk Management 51

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.” Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Contact us today!

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Service Regulations Flexibility Risk Management 52

IBM Business Partners

MAY 23, 2023

IBM Cloud completed its 2023 independent review of IBM Cloud services and processes. The review report demonstrates to its clients, partners and other interested parties that IBM Cloud services have implemented and adhere to the technical, administrative and physical control requirements of IBM Cloud Framework for Financial Services.

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Service Administrative Risk Management Risk Management 67

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.

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Right-Sizing Risk Management Risk Management Regulations 92

Perficient Digital Transformation

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. Introduction It’s not you. It’s the guidance.

Banking 52

Banking Management Regulations Risk Management 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

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

Banking 52

Banking Insurance Regulations Risk Management 52

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

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. 

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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.

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Service Banking Risk Management Risk Management 40

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

IBM Services

FEBRUARY 22, 2024

With our long history of working with clients across the globe—and especially in highly regulated industries—we understand the unique requirements enterprises are facing and are prepared to help them address their emerging regulatory demands. In just a few years, we have helped some of the world’s leading banks transform.

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Regulations Cybersecurity Design Government 78

Avasant

APRIL 8, 2021

Business Agility And Resilience Drive Demand For Risk And Compliance Services. Meanwhile, the regulatory environment is increasingly complex, particularly for multinational companies , as they struggle to comply with sometimes conflicting regulations across regions. Press Releases. Los Angeles, April, 2021.

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Service Regulations Risk Management Risk Management 52

Capgemini

NOVEMBER 30, 2022

FOCUS ON DATA ECOSYSTEMS IN THE ERA OF FINANCIAL SERVICES Ashvin Parmar 7 September 2022. When it comes to data, the financial services industry has some of the greatest opportunities but also faces tremendous risks and pressures. So, the desire is there to grow and reach new prospects and clients and to service them better.

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Service Finance Risk Management Risk Management 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

Everest Group

MARCH 16, 2023

With the recent banking implosion, the global financial services industry , technology companies, and service providers will be hit in different ways. We believe this will start a domino effect impacting banking regulations, profitability, and technology spend. Banks’ risk management functions also will be scrutinized again.

Banking 52

Banking Service Right-Sizing Risk Management 52

Paysquare

APRIL 30, 2024

AI-driven analytics provide real-time visibility into compliance status, which enables proactive risk management and continuous improvement efforts. iii) Regulatory Monitoring: AI facilitates proactive regulatory compliance management by continuously monitoring regulatory changes, industry trends, and compliance risks.

Government 52

Government Payroll Cybersecurity Regulations 52

IBM Business Partners

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Notably, DORA also applies to some entities typically excluded from financial regulations.

Cybersecurity 78

Cybersecurity Regulations Flexibility Banking 78

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. So, let’s dive in! What is an Employer of Record?

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Management Payroll Administrative Regulations 52

IBM Services

SEPTEMBER 15, 2023

Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. For example, the regulated disclosures could be anything from estimates around Scope 3 emissions, to investor-grade data.

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Regulations Analytics Government Automation 77

Intugo

JANUARY 23, 2024

Undeniable when opting for a third-party service, selecting the right business outsourcing companies that align with an organization’s objectives, values, and operational requirements becomes crucial. They understand your sector’s challenges, regulations, and best practices, ensuring more efficient and compliant service delivery.

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Outsourcing Nearshoring Call Center Flexibility 59

SIG Speaks

APRIL 11, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Mitchell Gustafson describes why becoming familiar with third-party risk management is so crucial for your business team. Other examples can be service providers or outsourcers.

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Risk Management Risk Management Regulations Cybersecurity 40

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

Paysquare

FEBRUARY 2, 2024

These reasons are commonly called payroll grievances, which can be caused by many shortcomings in the payroll outsourcing services in various companies. Some very effective strategic solutions for payroll outsourcing are: Appropriate Risk Management One of the most crucial solutions for payroll services is risk management.

Payroll 52

Payroll Outsourcing Regulations Risk Management 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. Improved Compliance and Risk Management As the collected data volume grows, compliance has moved to the top of the list of companies’ priorities. That is the topic of data discovery.

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Risk Management Risk Management Sourcing Regulations 130

Offshore India Data Entry

NOVEMBER 16, 2023

Introduction to Mortgage Processing Mortgage processing is a specialized service dedicated to lenders or financial organizations that have to process mortgages. Mortgage loan processing services offer financial organizations a competitive edge by focusing on the core functions of business.

Outsourcing 52

Outsourcing Out-Tasking Regulations BPO 52

IBM Services

MAY 9, 2023

There are 3 main reasons why organizations struggle with adopting AI: a lack of confidence in operationalizing AI, challenges around managing risk and reputation, and scaling with growing AI regulations. Users can manage models through dynamic dashboards that track compliance status across defined policies and regulations.

Government 75

Government Regulations Automation Design 75

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. The federal bank regulator and Dream First Bank also negotiated a shared-loss agreement on the loans purchased from Heartland Tri-State Bank to share the losses and potentially recover assets.

Banking 52

Banking Regulations Risk Management Risk Management 52

Magellan Solutions

MAY 2, 2024

This can translate to faster turnaround times, higher quality output, and consistent service delivery. It can raise concerns about data security and privacy as the risk of compromised or mishandled confidential information increases. These could include customer service, data entry, software development, or back-office operations.

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Offshoring Outsourcing Right-Sizing Call Center 52