Remove 2008 Remove Finance Remove Risk Management
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AI Regulations for Financial Services: OCC

Perficient Digital Transformation

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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Decelerate To Accelerate – A Best Fit Perspective For Third Party Risk Management?

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate John M. Lehr discusses how third-party risk management teams must enter into a safe third-party relationship and how to build and maintain trust, as well as how to adapt as the consumer wants and needs evolve rapidly.

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Famous business pivot examples that you should know of

TMS

Groupon This startup launched in 2008 introducing the new concept of daily deals. Most consumers don’t realize Groupon actually got started in 2008 as a consumer activism site known as The Point in 2007. How can a business manage its finances during a pivot? Groupon experienced explosive growth.

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OCC Comptroller Offers Regulatory Guidance Toward AI

Perficient Digital Transformation

Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach. Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI.

Banking 52
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Pandemic Car Buys, Rising Interest Rates, and High Gas Prices: A World of Hurt for Lenders

Perficient Digital Transformation

This year, Ford announced 84-month financing on used cars. Millions of consumers who took advantage of these assistance programs will be at higher risk for default, just as car prices plunge. In 2008, when the housing bubble burst, homeowners lost the houses they could no longer afford. And even Honda, whose U.S.

Finance 69
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Becoming Familiar with Third-Party Risk

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Mitchell Gustafson describes why becoming familiar with third-party risk management is so crucial for your business team. These will drive third-party risk management and your awareness in your company.

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The Effect Of Recession On Business And Remedies For That

Magellan Solutions

The Lego Company is one of the prominent companies that take off during the Great Recession of 2008. This could result in a reduced valuation of your debt or ability to gain financing. Reintroduce entry level services or products since a lot of them are cutting back. Another solution is to reach out to a wider market.

Sales 52