Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. Contracts should explicitly address potential default and termination. While the digital landscape continues to expand, another risk banks need to be wary of is scams.

Systems Review 52

Systems Review Compliance Fintech Banking 52

DevOps.com

JUNE 17, 2021

Key facts FIS AML Compliance Hub is the first in a new line of AI-based solutions from FIS for capital markets firms. New solution uses artificial technology to aggregate and analyze client data across financial crime detection systems such as know your customer (KYC) and anti-money laundering (AML) to improve outcomes.

Industry 104

Industry Compliance Marketing System 104

Exadel

JUNE 8, 2023

Financial crime prevention is at the forefront of today’s financial services industry. Technological advancements and digital innovation have created infinite new opportunities for financial service (FS) providers and financial institutions to significantly increase growth. A 2022 report from the U.S.

Artificial Inteligence 52

Artificial Inteligence Banking Blockchain Fintech 52

Lacework

JANUARY 17, 2024

Securities and Exchange Commission’s (SEC) four-day incident reporting requirement and high-profile legal cases, the accountability and risk associated with CISOs’ roles have intensified. LinkedIn Andrew Heighington EarthCam Andrew Heighington offers a wealth of experience in global security and cloud solutions.

Security 132

Security Technical Review Meeting Technical Advisors 132

Exadel

MAY 10, 2023

For the past five years, financial services changes have reshaped the financial services industry from all directions. Financial technology is evolving at an astonishing rate, with financial service (FS) providers having to sprint at full speed to keep up. What do regulators have in store for the FS industry in 2023?

Banking 52

Banking Technical Review How To Compliance 52

TechCrunch

AUGUST 15, 2023

Deal Dive: This AI startup is racking up government customers IVIX has landed multiple government contracts for its tech that helps agencies spot financial crimes. Given the hype around generative AI, it’s easy to forget that IBM Watson competed on “Jeopardy” in 2011 — and won a $1 million first-place prize.

Generative AI 174

Generative AI .Net Nonprofit Windows 174

Lacework

FEBRUARY 15, 2024

This blog features some content from our new eBook: 4 keys to cloud security for financial services. Download the eBook for more discussion on financial services industry trends and how these organizations can become cyber secure in 2024. Building and maintaining effective security for financial services organizations is really hard.

eBook 64

eBook Artificial Intelligence Artificial Inteligence Healthcare 64

Altexsoft

JANUARY 8, 2021

Financial crime remains a looming threat to American companies in the banking and finance sector. Foremost among these is the deployment of new anti-money laundering software , otherwise known as AML solutions. Choose an AML solution with essential features. This is a guest article by marketing researcher Monica Mendoza.

Technical Review 69

Technical Review Company Software Review Compliance 69

Cloudera

OCTOBER 6, 2022

Certain technologies require skills to maintain them that are harder to find, which is a further risk as those resources move towards retirement age. Reduce compliance costs: Compliance is a cost of doing business, but how much of that cost is somewhat in your control? Let’s look at some examples for savings potential.

Technical Review 84

Technical Review Compliance Machine Learning Artificial Inteligence 84

CTOvision

MARCH 6, 2014

By Bob Gourley Award recognizes Digital Reasoning’s proactive and game-changing approach to risk and compliance analytics. The third annual GRC Technology Innovation Awards recognize technologies that are revolutionizing the Governance, Risk Management and Compliance (GRC) market. NASHVILLE, Tenn.

Innovation 103

Innovation Technology Machine Learning Artificial Inteligence 103

Praxent

MARCH 14, 2022

FSI Member Spotlight Episode #18: Challenges fintechs face relating to compliance and how to fill the gap. a company that helps FinTechs onboard new customers quickly, efficiently, and in full compliance with the anti-money laundering laws with their flagship product called Onboarding-as-a-Service. Tim Hamilton. Jeff Horvath.

Technical Review 52

Technical Review Systems Review Fintech Development Team Review 52

TechCrunch

SEPTEMBER 14, 2021

London-based PassFort , a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led by US growth equity fund, Level Equity. It’s also selling its SaaS to customers in foreign exchange, banking and (ofc) crypto.

.Net 252

.Net Compliance Policies Fintech 252

Cloudera

APRIL 18, 2024

But in many – if not most )– cases the underlying need for regulations outweighs the burden of compliance. In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises.

Compliance 75

Compliance Government Open Source Analytics 75

TechCrunch

JULY 12, 2021

As financial crime has become significantly more sophisticated, so too have the tools that are used to combat it. “We’ve diversified outside of financial services and working with government, healthcare, telcos and insurance,” Vishal Marria, its founder and CEO, said in an interview. “That has been substantial.

Big Data 257

Big Data Tools Data Healthcare 257

Cloudera

SEPTEMBER 7, 2023

But it’s also fraught with risk. This June, for example, the European Union (EU) passed the world’s first regulatory framework for AI, the AI Act , which categorizes AI applications into “banned practices,” “high-risk systems,” and “other AI systems,” with stringent assessment requirements for “high-risk” AI systems.

Insurance 78

Insurance Artificial Inteligence Data Systems Review 78

Existek

JANUARY 27, 2023

The financial services industry is one of the most heavily regulated and complex sectors, and software development is critical in driving innovation and growth within it. The software is at the heart of nearly every financial service, from online banking to mobile payments to investment management. Another challenge is data security.

Software Development 52

Software Development Trends Technology Software 52

Altexsoft

JUNE 6, 2019

Digitalization influences how businesses operate, build, and maintain relationships with customers. Being online almost 24/7, consumers prefer saving time and shop online when possible. In 2017, global eCommerce sales accounted for 10.2 percent of all retail sales (2.3 trillion US dollars). This figure is projected to reach 17.5 percent in 2021.

Artificial Inteligence 89

Artificial Inteligence Artificial Intelligence Retail Innovation 89

Perficient

JANUARY 16, 2024

This blog, the first in a series by Perficient’s Risk and Regulatory Center of Excellence (CoE), provides actionable measures your company can adopt to safeguard against senior-level embezzlement risks and maintain the integrity of your institution’s financial transactions.

Compliance 52

Compliance Technical Review Software Review Systems Review 52

TechCrunch

MAY 24, 2021

Treasury’s call for stricter cryptocurrency compliance with the IRS. AM: We work with exchanges, broker dealers, OTC desks, liquidity providers, and regulators — anyone who is exposed to the risk of buying and selling cryptocurrencies crypto assets or digital assets, whatever you want to call them.

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Technical Cofounder Compliance Engineering Government 163

Cloudera

NOVEMBER 25, 2021

As data continues to grow at an exponential rate, our customers are increasingly looking to advance and scale operations through digital transformation and the cloud. Cloudera and AWS: Harnessing the Power of Data and Cloud . Achieving this also relies on the ability to break down data silos while also boosting security and scalability.

Artificial Inteligence 87

Artificial Inteligence Cloud Innovation Data 87

Flexagon

FEBRUARY 7, 2023

Although Oracle EBS has been around for some time, its popularity as an enterprise resource planning solution remains high. For businesses that want to continue using Oracle EBS—and take advantage of more recent software advances—there is a solution. Oracle EBS goes back over twenty years. In the tech industry, that’s a lengthy period.

DevOps 78

DevOps Software Review Testing Continuous Integration 78

Apiumhub

APRIL 27, 2021

Data mining is the process of analyzing massive volumes of data to discover business intelligence that helps companies solve problems, mitigate risks, and seize new opportunities. The more complex the data sets collected, the more potential there is to uncover relevant insights. Retailers, banks, manufacturers, health industry players, etc.

Artificial Inteligence 103

Artificial Inteligence Data Machine Learning Artificial Intelligence 103

Apiumhub

JANUARY 1, 2019

More and more companies and governments put a focus on managing risk, complying with stricter rules and regulations. It puts a particular focus on regulatory monitoring, reporting, and compliance and is thus benefiting the finance industry. Apiax builds a powerful toolset to master complex financial regulations digitally.

Artificial Intelligence 69

Artificial Intelligence Artificial Inteligence Compliance Blockchain 69

Modus Create

MAY 25, 2022

Additionally, new threats are constantly emerging, making it a challenge to keep up with the latest risks. There is no single solution to complex cyber security threats as the best way to improve your security posture depends on the specific threats you are facing. Using robust cyber security tools and solutions.

Security 52

Security Weak Development Team Disaster Recovery Software Review 52

CIO

MAY 20, 2024

In response to those shortcomings, after 9/11 the United States formed the Department of Homeland Security, along with many other reforms to break down silos and coordinate intelligence collection, sharing, and analysis. These reforms have been effective, as there have been no subsequent foreign terrorist attacks on American soil.

Budget 278

Budget Technical Review Systems Review Artificial Inteligence 278

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.

Systems Review 52

Systems Review Banking Software Review Technical Review 52

Capgemini

NOVEMBER 22, 2023

All regulated firms in the UK will need to be aware of changes in relation to the management of proliferation financing (PF) risk and supervisors’ powers, whilst crypto asset exchanges are now required to adhere to Financial Action Taskforce (FATF) Recommendation 16, otherwise known as the “Travel Rule”.

Systems Review 52

Systems Review Travel Chemicals Government 52

Capgemini

NOVEMBER 22, 2023

The consultation will be run by the two authorities supervising MiCA compliance at the EU-level: the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA). The new rules will help businesses better protect their assets — as well as those of customers and investors. MiCA – What Is It and What’s in Scope?

Technical Review 52

Technical Review Compliance Banking Marketing 52