The following information was generated by utilizing the Azure GPT-4-32k variant, which is part of the Azure OpenAI Service. Compared to the publicly available ChatGPT, Azure GPT-4 offers equivalent accuracy in problem solving. Advantages of Azure GPT-4-32k Available in 128K context and 32K context variants. Larger context size, better suited for detailed discussions. More […]
Financial Services
Exploring Industry Shifts in Banking Compliance at XLoD
Our banking risk and regulatory experts are excited to attend the upcoming XLoD Global event in New York on June 11th. What is XLoD Global? The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. Representatives from all three lines of defense—operational management, risk […]
First Bank Closure of 2024: Republic First Bank
Recent news shook the financial services space on Friday, April 26th, as Pennsylvania state banking regulators, in collaboration with the Federal Deposit Insurance Corporation (FDIC), took decisive action by closing Republic First Bank. With assets totaling approximately $6 billion and deposits reaching $4 billion across its 32 branches as of January 31, the closure marked the […]
A Review of Capital Ratio Requirements of Credit Unions
How are Federal Credit Unions Regulated? Banking professionals are aware that the Federal Reserve Bank (Fed), the Office of the Comptroller of the Currency (OCC), or for state-chartered banks, the Federal Deposit Insurance Corporation (FDIC) serves as their primary federal regulator. For those whose deposits are insured, the FDIC acts as a secondary federal regulator, […]
Carl Aridas Empowers Risk and Regulatory Compliance Excellence for Financial Services Leaders
At the core of our business’s successes lie the brilliant minds and unwavering dedication of our workforce—individuals who consistently prioritize delivering industry insights and pioneering digital solutions. Today, we’re spotlighting one exceptional individual: Carl Aridas. As the visionary leader of our Financial Services Risk and Regulatory Center of Excellence (CoE), Aridas personifies excellence and innovation […]
From Spreadsheet Chaos to Data Strategy Triumph
Uncovering the Challenge A leading wealth and asset management firm recently sought our financial services expertise for a critical challenge. Relying on complex spreadsheets for portfolio analysis, the firm faced operational hurdles due to immense computing demands. Our Approach: Transforming Operations through Strategic Consulting Our team embraced the challenge, conducting a meticulous two-week analysis to […]
Perficient’s Salesforce Expertise Continues To Be Recognized
In today’s competitive digital landscape, clients need to innovate faster, increase operational efficiency, and deliver customized, memorable customer experiences. They need to be more responsive, efficient, and relevant to better connect with customers and build lasting relationships. Salesforce enables clients to accelerate their digital transformation and unlock data across disparate systems, clouds, and devices to […]
Ensuring Banking Compliance Through Project Management Expertise
A top-leading bank, grappling with business and regulatory challenges, faced scrutiny after failing the Federal Reserve’s annual stress test. Addressing these deficiencies required a comprehensive approach, leading to the establishment of critical programs like the US Bank Holding Company (BHC) regulatory and comprehensive capital analysis and review (CCAR) program. To bolster its capabilities and ensure […]
Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies
Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Perficient insurance experts were interviewed for Forrester’s report, “The Top Emerging Technologies In Insurance, 2024,” and discussed technologies expected to emerge in the insurance industry over the next five years, considering them now, and in the short-term, medium-term, and […]
Unveiling the Future: Key Trends Shaping Financial Services in 2024
2024 is shaping up as a transformative year for the financial services sector, marked by technological strides and innovative trends. Our industry experts helped to provide valuable insights that unveil a tapestry of trends reshaping the industry this year. Client Retention and Personalization at Scale Financial services institutions are increasingly recognizing the importance of understanding […]
Perficient Recognized in Forrester’s Automation Fabric Services Landscape, Q1 2024 Report
In an era where automation plays a pivotal role in reshaping businesses, selecting the right partner for automation fabric services is critical. Forrester’s report, The Automation Fabric Services Landscape, Q1 2024, offers insights into the evolving landscape and recognizes notable providers in the industry. Perficient is listed among these notable providers as a large automation […]
6 Emerging Trends in Wealth and Asset Management for 2024
Influenced by an array of factors spanning from the transfer of generational wealth to technological progressions, Gerardo Montemayor, Perficient’s Principal in Wealth and Asset Management, has offered valuable insights into the trends poised to reshape the industry in the approaching year. 1. Wealth Transfer As older generations are seen passing on their wealth to the […]