Posts Tagged ‘risk management’

The Year in Review | Top 10 Financial Services Posts of 2015

There was a lot to talk about in 2015, but our most popular posts centered around compliance, security and risk management. Here are your favorite posts of the year:   Ten | How to drive the most value from your compliance investments Compliance is a strategic imperative for financial services organizations. This post discussed how […]

The 5 Most Significant Compliance Issues in Financial Services

ThinkAdvisor recently published a list of the top 5 compliance headaches faced by advisors and BDs. Mandatory Succession Planning Rules for RIAs, which could require advisors to “plan for market stress and other events that may prevent an advisor from serving its clients.” These new rules are expected by the end of 2015. Form ADV – […]

Deflategate: Lessons Learned for Financial Services Firms (and the NFL)

If you had not heard about the latest NFL scandal with the New England Patriots leading up to the biggest football game of the season (the Super Bowl) surely you did during some of the coverage of the game. National news took time out of their normally depressing nightly news to cover the latest developments in Deflategate. I’ll preface […]

Banks Have a Handle on KYC, Lack KYV Guidance

While most banks have a better grip on Know Your Customer requirements than they did years ago, the challenges and risks of non-compliance continue to grow as regulators focus on sources outside the financial institutions’ walls. What is the impact of a failed risk management program as a result of actions committed by a vendor or service provider? Your financial institution may be […]

Information Lifecycle Management, the ignored EIM component

One of the less addressed areas of Enterprise Information Management (EIM) is the Information Life cycle Management (ILM). If you think about it Life cycle management touches key business areas especially regulated industries like financial services. IT is concerned with managing storage, application performance issues due to large volumes of accumulated historical data and the […]

Managing Compliance for a Frictionless Experience with Non-banks

We’re in for some interesting times ahead, as banks big and small start a delicate balancing act.  For banks, there are rewards and sparkling new opportunities beyond their own branches, apps, and channels to partner with other companies: additional customer engagement, value-add retail services, the possibility for increased customer retention and brand recognition.  Services such […]

Fast Company: Top 10 Most Innovative Companies in Finance

Yesterday, Fast Company released their annual guide featuring the most innovative businesses with the greatest impact in their industry.  The financial services industry was very well represented with innovative leaders in several major areas that are very much in a state of flux right now.  The impact that some of these leaders have had on […]

Health Plans – Are you at Risk?

If you’re a Health Plan that doesn’t periodically “calculate” and assign risk to members, you’ve put yourself into a tight spot. This is a foundational activity, which drives care management and planning for your member’s future utilization. For capitated or fully insured offerings, this is a critical step in rate setting/premium determination. For self-insured plans, […]

Cornerstones for an Effective Information Risk Management Program

What is the threat? Aside from competition and operating efficiency, securing customer data is the one of the key priorities facing Financial Services today.  From the regulatory perspective, protecting the Personally Identifiable Information (PII) of your customer is a must while continuing to secure their related account information!  From the payments industry perspective, operating agreements […]

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