Moments of currency change are where fortunes are made and lost. In January 2026, Bulgaria will enter one of those moments. The country will adopt the euro and officially retire the Bulgarian lev, marking a major euro adoption milestone and reshaping how investors, banks, and global firms manage currency risk in the region. The shift represents […]
Regulatory Compliance
Regulatory Landscape Becomes More Stable as FDIC Approves Proposal for IDIs to Issue Stablecoins
On December 16th, the Federal Deposit Insurance Corporation (FDIC) became the first US regulatory body to utilize the GENIUS Act and create procedures for institutions to issue payment stablecoins. The GENIUS Act was enacted on July 18, 2025, and will become effective on January 18, 2027, so there is still time to determine how your […]
Navigating the AI Frontier: Data Governance Controls at SIFIs in 2025
The Rise of AI in Banking AI adoption in banking has accelerated dramatically. Predictive analytics, generative AI, and autonomous agentic systems are now embedded in core banking functions such as loan underwriting, compliance including fraud detection and AML, and customer engagement. A recent White Paper by Perficient affiliate Virtusa Agentic Architecture in Banking – White […]
AI-Driven Data Lineage for Financial Services Firms: A Practical Roadmap for CDOs
Introduction Imagine just as you’re sipping your Monday morning coffee and looking forward to a hopefully quiet week in the office, your Outlook dings and you see that your bank’s primary federal regulator is demanding the full input – regulatory report lineage for dozens of numbers on both sides of the balance sheet and the […]
The Silent Architect: How Data Governance Will Decide the Winners and Losers in the AI World
“The strength of a nation derives from the integrity of the home.” – Confucius. A room full of smart people, eyes glinting with the thrill of the future. Words like predictive models, AI-driven insights, and automated decisioning fly across the table like a Wimbledon final. Budgets, approved. Deadlines, drawn. Headlines, dreamed about. But no one […]
7 Steps to Define a Data Governance Structure for a Mid-Sized Bank (Without Losing Your Mind)
A mid-sized bank I was consulting with for their data warehouse modernization project finally realized that data isn’t just some necessary but boring stuff the IT department hoards in their digital cave. It’s the new gold, the ticking time bomb of risk, and the bane of every regulatory report that’s ever come back with more […]
AI Regulations for Financial Services: Hong Kong
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything […]
1033 Open Banking Mandate Blueprint for Success
The Consumer Financial Protection Bureau (CFPB) recently issued a final rule § 1033.121(c) supporting open banking and personal financial data rights. Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. The first compliance deadline of April 1, 2026, impacts the largest organizations. […]
AI Regulations for Financial Services: Japan
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything […]
AI Regulations for Financial Services: South Korea and the UK
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything […]
AI Regulations for Financial Services: European Union
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything […]
AI Regulations for Financial Services: Federal Reserve
Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. The economic risks of AI to the financial systems include everything […]