Perficient Digital Transformation

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control.

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IBM Services

FEBRUARY 8, 2024

Similar to GDPR for privacy, the EU AI Act has potential to set the tone for upcoming AI regulations worldwide. The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024.

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Capgemini

JANUARY 9, 2024

Sustainability in 2024: How businesses can transform for eco-conscious success Miguel Sossa Nov 14, 2023 Facebook Twitter Linkedin A common mistake companies make when transitioning to a green economy is to plan for the world as it currently is, as opposed to the world it’s rapidly becoming. Which tech trends should people follow in 2024?

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IBM Services

SEPTEMBER 15, 2023

Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. In parallel, the U.S.

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Amzur

JUNE 7, 2023

As we step into 2023-2024, it becomes crucial for CFOs to stay ahead of the curve by embracing emerging trends and understanding the shifting priorities that will shape the financial landscape. Conducting a comprehensive risk assessment is another vital step. Technology plays a pivotal role in effective compliance and risk management.

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Perficient Digital Transformation

MARCH 19, 2024

Our experts are closely monitoring nine healthcare trends that are shaping industry leaders’ strategies in 2024. Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. Be sure to also consider your software supply chain security.

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Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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Perficient Digital Transformation

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

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Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

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IBM Services

APRIL 11, 2024

One of the biggest challenges these organizations face is evolving regulations related to payments. To modernize, remain competitive and be compliant with regulations requires organizations to work with a “trusted” technology partner who can help to bring together their traditional payment practices and innovative solutions.

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IBM Services

JANUARY 30, 2024

billion in 2024, up from $563.6 Build a zero-trust security approach According to a recent IBM IBV study , the average organization uses more than eight to nine cloud infrastructure environments at any given time, increasing the risk of security threats from bad actors and putting sensitive data at risk. to total $678.8

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IBM Services

MARCH 4, 2024

In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness. Financial/criminal: Violations of existing and emerging data and AI regulations.

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Perficient Digital Transformation

JUNE 25, 2024

Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI. Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach. On June 6, Acting Comptroller of the Currency, Michael J.

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IBM Services

APRIL 3, 2024

On March 6, 2024, the US Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. Explore IBM Envizi ESG Suite today The client is responsible for ensuring compliance with all applicable laws and regulations.

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Perficient Digital Transformation

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Without action, this temporary relief would have expired on June 30, 2024, and would have significantly impacted the industry due to an estimated 75% increase in residential non-branch locations between December 2019 and December 2022.

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Future of Sourcing

MAY 23, 2023

The recent rise in cyber attacks has prompted proposed cybersecurity regulations worldwide. By 2024, hundreds of companies working out of Europe’s major ports must comply with fundamental security measures and cyber incident reporting requirements largely for the first time.

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NoonDalton

AUGUST 26, 2024

In 2024, accounting continues to lead the charge as the most outsourced business function among small businesses in the U.S., These experts stay current on the latest regulations, accounting standards, and best practices, ensuring that your business remains compliant and up-to-date.

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Perficient Digital Transformation

NOVEMBER 21, 2024

The compliance deadline, however, depends on the firm’s total receipts from calendar years 2023 and 2024. The ruling demands action from all non-depository firms (e.g., This effort carries out the personal financial data rights established by the Consumer Financial Protection Act of 2010 (CFPA).

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Perficient Digital Transformation

APRIL 18, 2024

Open banking transforms the way financial data is shared and accessed, allowing third-party data providers and other banks to access financial data in traditional banking systems through application programming interfaces (APIs). Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

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3Pillar Global

JANUARY 4, 2024

Growing revenue and reducing costs remains a top priority for healthcare organizations in 2024. So for healthcare professionals who are truly prioritizing revenue cycle optimization in 2024 and still use legacy systems, platform modernization must be a top priority. These hidden costs add up quickly.

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Everest Group

FEBRUARY 26, 2024

If the Capital One merger clears antitrust regulations, the combined entity would become the sixth-largest US bank by assets and a leading card issuer and network provider for the US payments market. Operationally, underwriting, efficiency, risk management, and compliance enhancements will drive data and technology investments.

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Capgemini

OCTOBER 30, 2024

The role of data and AI in driving sustainability for banks Satish Weber and Tej Vakta Oct 28, 2024 Facebook Linkedin How cutting-edge tech will shape the future of environmental and social impact in banking In finance, the goal is to go green – now more than ever. Central banks and regulators often request risk-assessment scenarios.

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IBM Services

APRIL 21, 2023

The Corporate Sustainability Reporting Directive (CSRD) reached a provisional political agreement in June 2022, signaling it will take effect in January 2024 for all relevant companies. Companies that are already subject to the NFRD will need to report on 2024 data (reporting year 2025). CSRD on track to enter into force in 2024.

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Capgemini

NOVEMBER 4, 2024

Funding in the fast lane: How Gen AI accelerates automotive finance Matt Desmond Nov 4, 2024 Facebook Linkedin Seven ways the latest solutions in AI and machine learning revolutionize how auto dealers approach financing options A customer walks into your car dealership. The oversights can be genuine errors.

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Capgemini

OCTOBER 10, 2024

Unleash your business edge with a “shared fate” approach to cloud security Michael Wasielewski Jr 23 Sep 2024 Facebook Twitter Linkedin Exploring how embracing cloud security on Google Cloud Platform can transform your business in an interconnected world.

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NoonDalton

APRIL 29, 2024

These advanced technologies are pioneering new practices and methodologies across various aspects of finance and accounting: Predictive Analytics : As we navigate through 2024, AI’s capability to analyze extensive historical financial data is a game-changer. AI simplifies this aspect by automating complex compliance operations.

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IBM Business Partners

JUNE 10, 2024

Projections by the US Census Bureau list the 2024 global population at around 8 billion people. By running advanced analyses on such data and then applying a range of different scenarios to that data, risk management systems that CPUs enable can help financial institutions reduce losses. There are approximately 7.8

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Capgemini

OCTOBER 21, 2024

This collaborative approach not only accelerates the development of innovative solutions but also enhances overall operational performance while reducing the carbon footprint and complying with ESG regulations. This not only mitigates legal risks but also builds trust with consumers who are increasingly concerned about how their data is used.

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Obobo

MARCH 19, 2023

Additionally, CMS can help businesses to standardize their contracting processes and introduce accountability measures to ensure compliance with internal policies and external regulations. With the rise of technology, companies are turning to contract management systems (CMS) to automate their contractual processes.

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Planergy Software

AUGUST 18, 2022

Bureau of Labor Statistics has estimated that jobs such as financial analysts will grow by 12% through 2024, with finance jobs growing rapidly in both Europe and Asia as well. Financial planners also assist clients with insurance planning for proper risk management. Even better, the U.S.

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IBM Services

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Similarly, in the U.S.

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Everest Group

JUNE 30, 2024

Similarly, in 2024 HSBC has been fined £57.4 Traditionally, R&C outsourcing in the BFSI sector has been limited to areas like KYC, AML, credit risk, operational, and third-party risk management, with some audit support services. For example, Binance faced a US$4.3 million for customer deposit protection failings.

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IBM Business Partners

MAY 14, 2024

Don’t be afraid to reframe accountability from simply conforming to regulations to stewarding the technology. The December 1, 2024 deadline to incorporate the minimum risk management practices to safety-impacting and rights-impacting AI, or else stop using the AI until compliance is achieved, will come around quicker than you think.

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Capgemini

MARCH 28, 2024

Why data may be the missing piece in your climate risk management strategy Franco Amalfi Mar 13, 2024 Facebook Linkedin Climate risks will always be a reality, but businesses now have the tools they need to monitor and predict problems and build plans for addressing them Climate risks are intensifying.

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Capgemini

NOVEMBER 22, 2023

EU Crypto-Assets Regulation (MiCA): What Businesses Need to Know Patrick Stillman 10 November 2023 Facebook Twitter Linkedin This summer’s introduction of the Markets in Crypto-Assets ( MiCA ) is a significant step toward the harmonization of cryptocurrency regulation at the EU level. MiCA – What Is It and What’s in Scope?

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Perficient Digital Transformation

NOVEMBER 21, 2024

The compliance deadline, however, depends on the firm’s total receipts from calendar years 2023 and 2024. The ruling demands action from all non-depository firms (e.g., This effort carries out the personal financial data rights established by the Consumer Financial Protection Act of 2010 (CFPA).

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Premier BPO

NOVEMBER 22, 2024

Recall Index report, 2024 has already seen 2,454 recalls in key sectors such as automotive, consumer goods, and healthcare. If this pace continues, 2024 can hit a six-year high, clearly showing modern supply chains’ vulnerability. This reduces the risk of penalties and safeguards your brand reputation in regulated markets.

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