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Using IPA for Due Diligence Compliance

Posted by - April 12, 2018
A Primer on the Standardized Approach to Credit Risk The Bank for International Settlements (BIS) regulatory body has proposed using a standardized approach to credit risk (SA-CR) when measuring credit risk. Banks using intelligent process automation (IPA) may leverage the approach to ensure compliance with the new due diligence requirements.…
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6 Steps to Minimize Conduct Risk

Posted by - March 22, 2018
A Framework for Assessing Regulatory Maturity In the current regulatory environment, banks find it complex and challenging to interpret and assess regulatory requirements on conduct risk.  In this this article, experts from Tata Consultancy Services suggest a robust approach for assessing the level of maturity attained by a bank in…
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The Real Return on Risk and Compliance Technologies

Posted by - March 2, 2018
The Value of Big Data A crucial shift is underway in the financial services industry when it comes to regulatory compliance; cultures are changing, and new value is being created for banks and their customers because of AI technology. Grace Brasington of Watson Financial Services discusses the role technology can…
money laundering

The Need for Anti-Money Laundering Regulatory Reform

Posted by - February 1, 2018
It is rare these days for Republicans and Democrats to agree on political priorities – another profound grasp of the obvious.  Recently, on Capitol Hill there appears to be some common ground on the issue of reforming AML laws and regulations. The motivation is to make financial AML regulations “smarter”…
calculator and notes

Research Billing: The Current State of Affairs

Posted by - October 26, 2017
U.S. financial institutions are scrambling to adjust to the expected shift within the trading industry with the implementation date of MiFID II, January 3, 2018,  quickly approaching. Whether or not financial institutions plan to absorb the cost of research, middle and back office CSA and research processes and reporting must adapt…
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Strengthening Compliance with AML-as-a-Service

Posted by - October 5, 2017
A Tectonic Shift in Operating Models? Financial services has always been a heavily regulated industry. And while anti-money laundering and counter-terrorist financing regulations are getting more stringent by the day, financial criminals continue to find ways to bypass the strict monitoring rules employed by banks. Banks face increased regulatory scrutiny,…
concept of bank lending

Minimizing Risk through Geospatial Technology

Posted by - October 4, 2017
The Need for Regulatory Support Financial institutions and federal bank regulators can integrate location intelligence as a regulatory technology (Regtech) solution to ensure compliance with anti-money laundering (AML) standards, financial inclusion requirements, and fair lending regulations. This article outlines the key benefits for banks and regulatory authorities of integrating geospatial…
dirty handprint on bank note

Driving Compliance in Financial Services Through AI

Posted by - September 29, 2017
What Money Laundering Looks Like in Community Banks Although they generally have smaller compliance teams and budgets, the nation’s community banks face the same arduous compliance challenges as their larger bank counterparts. Artificial intelligence and machine learning solutions can greatly assist community banks by detecting suspicious entities and transactions in…
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The Battle for Call Recording Compliance

Posted by - September 14, 2017
A “Call” to Arms for Banks In the wake of growing and complex financial legislation, many banks and financial service companies in the U.S., Europe, and Asia have been looking to ensure the activities of their traders and contact centers are compliant with these regulatory requirements. However, call recording compliance…
team in boardroom

Fed to Lessen Supervisory Expectations on Boards

Posted by - September 6, 2017
Proposed Guidance for Banks and Holdings Companies In August, the Board of Governors of the Federal Reserve published proposed guidance on certain supervisory expectations for Boards of Directors of banks and holding companies. The proposed guidance would attempt to clarify the process that Federal Reserve examiners and supervisory staff should…
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The Many Compliance Challenges of Mobile Computing

Posted by - July 31, 2017
A Compliance Officer’s Role in Mitigating This Risk Mobile computing presents a unique set of challenges to compliance officers. Our devices are truly omnichannel and not just dedicated to one aspect of our lives.  No organization can be fully compliant with data protection regulations when its staff carry personal devices with…