Featuring Andy Schmidt, Principal Executive Advisor
Knowing your customer is key to driving a successful strategy for client security and retention. Watch this video to get a picture of how KYC can be deployed for risk minimization, work with compliance, and make security measures more frictionless using cutting edge technology.
The Impact of CECL and Financial Institution Readiness
When it comes to CECL compliance, top financial consultants agree that extensive amounts of historical data, including different lengths of portfolio histories, will be needed. In addition, this research reveals that a majority of financial institutions do not understand how their risk management methodology needs to change. Nor do they comprehend the impacts of the changes that will need to be made to calculate Allowance for Loan and Lease Losses (ALLL).
This represents a significant opportunity for top-tier consultancies to provide valuable thought leadership and guidance now, before financial institutions find themselves scrambling to meet the new standard. Learn more in our survey results."
"In today’s ever-evolving lending landscape where loan quality and risk management challenge profitability and the customer experience, technology may be the key to thriving – both now and in the future. Winning financial services institutions will be the ones that transform their business models to place loan quality and risk management at the center of their operations.
To facilitate continuous life-of-loan management, inclusive of the requisite data transparency and audit trails that support loan quality and loss mitigation, these institutions will implement and automate a loan completion process. Such a process will manage data quality and access to loan data and documents throughout origination, servicing and sale on the secondary market."
Learn how loan onboarding can become more efficient and accurate by eliminating manual data validation with automation technology that is poised to transform mortgage servicing. From end-to-end, tools can simplify workflow processes, driving time and cost efficiencies. Trained staff can be deployed to greater effect and can be crucial to eliminating servicing errors. In the process, servicers improve data quality, save time and money, and deliver a better borrower experience.
"Recently, a number of factors have come together to decimate the profitability of the mortgage banking industry. To regain its footing, the industry must return to mortgage banking fundamentals.
This paper carefully examines each function within the mortgage business to determine if there is a better approach that will save money and improve long-term profitability."
"Improve Loan Data Quality and Compliance from Origination to Delivery. This complimentary CEB Gartner paper helps identify process and technology issues that lead to loan defects. Learn strategies for fixing issues and recommends technologies to help lenders improve loan data quality and compliance to reduce costs and improve the borrower experience.
"Learn how you can reduce loan defects, improve data quality and simplify compliance in the mortgage lending process.
Co-presented with Craig Focardi, mortgage industry executive and technology advisor, this webinar provides insights into mortgage lending process challenges and how they impact experiences for lenders and borrowers, as well as the overall performance of the loan. The webinar also provides suggestions for reducing loan defects and strategies to correct them."
Digital loan origination processes can still require significant manual support, which is often inaccurate and time-consuming. This National Mortgage News paper, sponsored by Fiserv, explains how you can improve your current loan production while reducing costs and risk of non-compliance.
"Industry experts predict that successful businesses will soon become 100% digital for all transactions. The key challenge is how to “go digital” in the right ways. For most companies, it will be an incremental journey.
TodaysGeneralCounsel.com suggests that organisations should focus on a broad enterprise-wide information governance strategy developed by IT, legal, records and business stakeholders. Doing so improves governance, risk management and compliance programs.
This best practices paper outlines seven important ways that legal teams can make meaningful progress in their digital transformations."
The purpose of expense reporting software is to streamline your team’s workflow for submitting and reviewing business expenditures. By implementing an expense management solution, you can decrease the time and costs associated with processing expenses and increase your visibility into the implications of business spend, while helping improve general expense policy compliance and reduce expense fraud.
Following the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair, states may now require sellers to collect and remit indirect taxes on the basis of economic presence. In the coming months, taxpayers can expect to see a flood of additional states adopting similar standards, requiring sellers to react quickly.
Now that Quill has been overturned, what is next for sellers? Download your copy of Navigating a world without Quill, to:
• understand the business implications of the South Dakota v. Wayfair Supreme Court decision
• consider tasks necessary to determine compliance with economic nexus standards
• access a checklist for assessing how this indirect tax case impacts your organization
The financial services industry has unique challenges that often prevent it from achieving its strategic goals. The keys to solving these issues are hidden in machine data—the largest category of big data—which is both untapped and full of potential.
Download this white paper to learn:
*How organizations can answer critical questions that have been impeding business success
*How the financial services industry can make great strides in security, compliance and IT
*Common machine data sources in financial services firms
“We ruled out Zscaler due to its overly complex architecture and PAC file requirements. The ongoing management would have been a nightmare.” - Marc Tournier, Information Security and Compliance Manager (CISO), Avril Group
Published By: IBM APAC
Published Date: May 14, 2019
Clients can realize the full potential of artificial intelligence (AI) and analytics with IBM’s deep industry expertise, technology solutions and capabilities and start to infuse intelligence into virtually every business decision and process. IBM’s AI & Analytics Services organization is helping enterprises get their data ready for AI and ultimately achieve stronger data-driven decisions; access deeper insights to provide improved customer care; and develop trust and confidence with AI-powered technologies focused on security, risk and compliance.
Artificial intelligence (AI) is moving beyond the hype cycle, as more and more organizations seek to adopt AI-related technologies. These organizations are focusing on prioritizing functional areas and use cases, placing a stronger emphasis on topline growth, taking up a renewed interest in their data infrastructure and articulating greater unease about the skills of their knowledge workers. This report explores how they are approaching str
Today’s organizations are tasked with managing multiple data types, coming from a wide variety of sources. Faced with massive volumes and heterogeneous types of data, organizations are finding that in order to deliver insights in a timely manner, they need a data storage and analytics solution that offers more agility and flexibility than traditional data management systems.
Data Lakes are a new and increasingly popular way to store and analyse data that addresses many of these challenges. Data Lakes allow an organization to store all of their data, structured and unstructured, in one, centralized repository.
Microsoft has announced that it will end active support and “end of life” Windows XP on April 8, 2014. Now, as that date fast approaches, the highly negative consequences of continuing to use Windows XP in enterprise environments are becoming much clearer. After that date, IT security risks and compliance issues from continued use will be magnified. This white paper examines three aspects that can potentially create a “nightmare” for your organization.
In the wake of major security, management, and interface limitations, Microsoft has decided to end support for Windows XP. This decision has important implications for corporate management as it presents a number of risk, security, operations, and compliance issues. This white paper looks at the top five issues that business management must be aware of and provides non-technical business justifications for driving a migration program forward.
Some of the biggest challenges IT teams face today stem from data loss and security risks arising from the unauthorized use of personal file sharing services by employees for business purposes. Personal file sharing services invite data leakage and compliance violations by allowing files being shared to escape beyond the visibility and control of IT. At the same time, these services meet the essential need of today’s mobile workforce to be able to access and share data wherever people work. Learn how enterprise-ready file sharing solutions exceed employee needs while securing and mobilizing business data.
Establishing a culture of integrity, ethics and respect is the number one priority for companies in 2017, according to a new report. In common with the 2015 report, getting an organisation's culture right is the main objective for compliance professionals in the year ahead, with 85 per cent of respondents saying it is one of their three main goals.
However despite this, only 32 per cent of firms indicated that they are planning to undertake a culture or ethics assessment in the next twelve months. In addition, workplace behaviour was rated as the lowest area of risk receiving attention by stakeholders (29 per cent).
Download the full report for additional stats on board level reporting, increasing compliance programme awareness and satisfaction with third party risk management.
Screening your third party vendors and business partners for risk can be a challenging process. With so many different factors to consider, where do you even begin?
We've developed our Anti-Bribery and Corruption Risk Assessment Checklist so you can streamline your compliance risk assessment processes and ensure each potential risk is addressed. Keep up with changing European laws and regulations with this checklist.
Download your Definitive Guide to Policy Management for real-world examples of companies avoiding litigation and penalties by having a well thought out compliance programme. Organisations that approach policy management strategically and exercise ruthless discipline with respect to their policies yield massive returns in organisational alignment, corporate culture, and ultimately their bottom-line results.
And when incidents occur or regulators come knocking, you'll be prepared.
So you’re thinking about moving to the cloud. Which means you’ve got some new (and some old) security issues to think about.
Where do you start? What should you look for when you’re planning your cloud migration or expansion, and what features do you need to tick off your list when you compare partners for the project?
At AWS, we’ve worked with millions of cloud users in 190 countries, from all kinds of industries – large enterprise, start-ups, non-profits, education and government. Every organisation's needs are different, but we’ve identified the top features of any successful cloud security initiative. Here are six must-haves for cloud security confidence.