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AI Regulations for Financial Services: OCC

Perficient Digital Transformation

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.

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How to Select the Best Dedicated Travel Software Development Team for Your Business

Groove Technology

A competent team should demonstrate extensive knowledge of Global Distribution Systems (GDS), Online Travel Agency (OTA) operations, and travel regulations. Plus, these teams often work from locations with lower costs, giving you access to top talent without breaking the bank.

Software 130
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Risk Management Data Strategy – Insights from an Inquisitive Overseer

Perficient Digital Transformation

We are witnessing a sea-change in the way data is managed by banks and financial institutions all over the world. Data being commoditized and, in some cases, even monetized by banks is the order of the day. “The Business”, in traditional banks, is treated like a larger-than-life entity that needs to be supported by IT. .

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Build trust in banking with data lineage

IBM Services

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. Put simply, consumers trust banks to keep their money safe and return the money when requested. But there’s trust on the business side, too.

Banking 70
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Generation 2.0 of Digital Assets – Modernization Themes Driving the Revolution | Blog

Everest Group

While the future of digital assets was once uncertain, the recent surge in investments, partnerships, and pilot use cases spearheaded by banks and technology giants has laid the doubts to rest. This holds particularly true for cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).

Banking 162
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Transforming Retail with POS, WMS, and BOS Test Automation

Amzur

Automated testing continuously verifies encryption, access controls, and data handling, ensuring that retailers comply with data protection regulations such as PCI DSS. Ensuring data security while complying with regulations like GDPR or industry-specific standards is a critical testing focus. Lets elevate your retail operations!

Retail 105
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1033 Open Banking Mandate Blueprint for Success

Perficient Digital Transformation

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.

Banking 52