Financial Services
Many global banks and financial institutions would have been delighted if the adage “the numbers speak for themselves” held true to its meaning; it’d save them from deciphering the numbers they generate constantly for various internal and regulatory reporting activities....
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As customers increasingly prefer to do their banking via smart devices, it’s time for banks to modernize their approach to customer due diligence. Financial crimes compliance expert Sujata Dasgupta provides a deep dive on smart ID&V solutions for KYC compliance....
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The Financial Industry Regulatory Authority (FINRA) has issued its latest report, and the findings could be significant for financial services firms. Theta Lake’s Marc Gilman discusses what organizations need to know. The publication of FINRA’s Report on Examination Findings and...
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A compliance officer’s job can be complicated enough, but some financial institutions impose hardship by having too many disparate solutions working on the same problem. CaseWare RCM’s Eric Hansen explains why working in these compliance silos can make it more...
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Cutting-edge technologies create footprints in all aspects of life, and banking compliance is no exception. Financial crimes compliance expert Sujata Dasgupta looks at the daily impact these technologies have on banks and financial institutions. Financial crimes across the globe have...
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Over the past year, the SEC and FINRA have been hard at work enforcing communications supervision compliance regulations throughout the financial services industry -- and many firms are feeling the impact of the increased scrutiny. Download this summary now to...
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What might be among the largest regulatory and compliance burdens organizations face in the near future? Operational Resilience. Protiviti’s Ron Lefferts discusses the need for financial institutions to achieve better standards in order to achieve it. Operational disruptions are impacting...
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Financial institutions must balance the desire to protect vulnerable clients from financial exploitation with their clients’ rightful expectation that their privacy interests will be respected. Bressler, Amery & Ross’ Josh Jones discusses reporting and disclosure issues. The financial exploitation of...
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The federal government still prohibits banks from doing business with cannabis-based businesses, leading banks to miss out on a green opportunity. Fenergo’s Rachel Woolley shares insight into how banks should view onboarding cannabis-based businesses. Even though Colorado announced that over...
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The eventuality of a cyber attack is cause for concern for all kinds of organizations, but lately the financial services industry has been especially afflicted. Drawbridge Partners’ Martin Passante explores the growing cybersecurity threat in financial services and how firms...
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FinCEN issued the final rule on customer due diligence on the heels of the Panama Papers scandal, and we’re now more than a year past the compliance deadline. Commonwealth Trust Company’s Ola Tucker discusses the rule’s limitations. Panama Papers Scandal...
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Advancements in technology have transformed the horizon of financial services, but these innovations are also raising challenges of their own in areas like cybersecurity, social media, data privacy and third-party risks. ZL Technologies’ CEO, Kon Leong, discusses the latest data...
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