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AI Regulations for Financial Services: SEC

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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1033 Open Banking Mandate Blueprint for Success

Perficient Digital Transformation

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule ยง 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.

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Cloud Takes Center Stage at 2023 Bank Automation Summit

Perficient Digital Transformation

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device. Cloud computing makes data more accessible, cheaper, and scalable.

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Put Away Your Ledger Cards, Open Banking is Here to Stay

Perficient Digital Transformation

Open Banking is going to do for the banking industry what the introduction of the Apple smart phone did for cell phones. What is Open Banking? Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

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Risk Management Data Strategy โ€“ 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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Navigating the New Landscape: How DORA Regulations Will Reshape the Future of Financial Services | Blog

Everest Group

Learn the steps organizations should take to prepare now and discover how the new DORA regulations will strengthen digital operational resilience. The DORA regulations are expected to significantly enhance the digital resiliency of the EUโ€™s financial sector and foster greater stability, consumer protection, and trust.

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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.

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