How Financial Institutions can Manage Regulatory Change
Regulatory change is an ongoing part of financial institutions (FIs) life. For one, the industry is one of the most highly regulated in the world. According to a 2020 report by Thomson Reuters Regulatory Intelligence, a typical financial services organization is...
8 Common Pitfalls That Sabotage Fintech-Financial Institutions Relationships
As the financial services industry evolves, financial institutions (FIs) increasingly turn to fintech to meet their needs. For one thing, fintech offers innovative solutions that help FIs deliver new capabilities, respond to changing customer expectations, increase...
How Banks Can Implement The 5 Pillars of BSA/AML Compliance Program
All over the world, there are stringent laws that require banks to implement measures against money laundering. In the US, banks implement these measures through the Bank Secrecy Act(BSA)/Anti-Money Laundering Act (AML). Since its enforcement in the 1970s, the BSA/AML...
The 5 Biggest Compliance Threats for Financial Institutions and How to Avoid them
In the financial industry, regulations are a big deal. You have to comply with them to stay in business. Whether it’s payment fraud, cybersecurity breaches, money laundering, or terrorism financing, regulators are always ready to pounce. Financial institutions...