McKinsey and Company

JUNE 30, 2022

Around the world, new regulations are promoting data localization. To comply, companies must be agile in their investments, but those that get it right could increase their revenues and market share.

Regulations 78

Regulations Marketing Risk Management Risk Management 78

Perficient Digital Transformation

OCTOBER 24, 2024

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.

Regulations 52

Regulations Service Banking Cybersecurity 52

The Scalers

FEBRUARY 14, 2023

What are the dominant cybersecurity trends in 2023 and how can businesses and individuals stay ahead of the curve? This article explores the latest developments, providing a comprehensive overview of the cybersecurity landscape and the measures you can take to protect yourself and your assets. DID YOU KNOW?

Cybersecurity 52

Cybersecurity Offshoring Regulations Out-Tasking 52

Future of Sourcing

MAY 23, 2023

New Cybersecurity Regulatory Proposals Target the Third-Party Risks Lurking in the Dark Bad actors can - and will - exploit vulnerabilities without adequate visibility into extended supply chains and third-party ecosystems. The recent rise in cyber attacks has prompted proposed cybersecurity regulations worldwide.

Cybersecurity 52

Cybersecurity Risk Management Risk Management Pharmaceuticals 52

IBM Services

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data.

Cybersecurity 89

Cybersecurity Regulations Collaborations Payroll 89

Capgemini

OCTOBER 7, 2024

How post-quantum cryptography is reshaping cybersecurity in 2024 Pascal Brier Oct 2, 2024 Facebook Linkedin Last year, we predicted that post-quantum cryptography (PQC) would be a defining technology trend in 2024 with far-reaching implications for organizations.

Cybersecurity 52

Cybersecurity Risk Management Risk Management Regulations 52

Automation Anywhere

NOVEMBER 17, 2020

GRC stands for governance, risk, and compliance. It’s a strategy for integrating an organization’s management of its governance, risk, and compliance initiatives with regulations. It can monitor user access and privileges to alert administrators when such access or actions violate compliance regulations and requirements.

Robotics Process Automation 97

Robotics Process Automation Regulations Government Risk Management 97

IBM Business Partners

MAY 28, 2024

It supports the same security measures as data security but also covers authentication, data backup, data storage and achieving regulatory compliance, as in the European Union’s General Data Protection Regulation (GDPR). Data risk management To protect their data, organizations first need to know their risks.

Cybersecurity 81

Cybersecurity Regulations Government Out-Tasking 81

Perficient Digital Transformation

NOVEMBER 4, 2024

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.

Regulations 40

Regulations Service Banking Insurance 40

Perficient Digital Transformation

OCTOBER 30, 2024

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.

Regulations 52

Regulations Service Banking Advisory 52

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 EU AI Act aims to meet the challenge to develop and deploy AI responsibly across industries including those that are highly regulated such as healthcare, finance and energy. million euros or 1.5%

Government 77

Government Regulations Risk Management Risk Management 77

31 West

SEPTEMBER 24, 2024

Compliance with Data Protection Regulations Given the modern world’s reliance on computers and the internet to keep data, it is particularly important to follow data protection regulations. HIPAA regulates the use and disclosure of PHI in the U.S., Stringent data protection measures and timely reporting of breaches are needed.

Retail 130

Retail Regulations Insurance E-Commerce 130

Everest Group

MAY 24, 2024

However, this unprecedented growth has also raised concerns about the potential risks associated with the unchecked use of AI, prompting the need for regulations to ensure the responsible development and deployment of these powerful technologies.

Service 64

Service Risk Management Risk Management Cybersecurity 64

IBM Business Partners

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Notably, DORA also applies to some entities typically excluded from financial regulations.

Cybersecurity 74

Cybersecurity Regulations Flexibility Banking 74

Amzur

SEPTEMBER 10, 2024

Priority Tool Name Features Benefits Enhanced Cybersecurity Darktrace AI-driven threat detection, autonomous response, real-time monitoring. Feature to Check: Ensure the tool’s capabilities align with your business objectives, whether it’s improving customer experience, optimizing operations, or enhancing cybersecurity.

Robotics Process Automation 95

Robotics Process Automation Cybersecurity Analytics Government 95

IBM Services

FEBRUARY 22, 2024

With our long history of working with clients across the globe—and especially in highly regulated industries—we understand the unique requirements enterprises are facing and are prepared to help them address their emerging regulatory demands. In just a few years, we have helped some of the world’s leading banks transform.

Regulations 78

Regulations Cybersecurity Design Banking 78

Perficient Digital Transformation

SEPTEMBER 16, 2022

Risks Highlighted by the Fed in the Supervisory Letter Include: Money laundering – The letter emphasizes that crypto-related financing poses heightened risks associated with the governance of the underlying network as well as cybersecurity. The Home Owners’ Loan Act. The Federal Reserve Act. The Federal Deposit Insurance Act.

Banking 64

Banking Regulations Risk Management Risk Management 64

IBM Services

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Service 59

Service Banking Cybersecurity Regulations 59

Automation Anywhere

MAY 18, 2022

Similar guidance has been rolled out by the Prudential Regulatory Authority, Financial Conduct Authority, and other regulators. The principles cover topics ranging from governance and operational risk management to business continuity planning and cybersecurity, including activities performed for third parties.

Service 90

Service External Service Provider Out-Tasking Cybersecurity 90

Perficient Digital Transformation

NOVEMBER 8, 2024

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.

Regulations 52

Regulations Service Risk Management Risk Management 52

Immedus

MAY 3, 2023

The report notes that, ultimately, application leaders must “balance hyper-automation, integration, emerging technology trends, and risk management” in their selection process. Cybersecurity is of primary importance to payroll, as payslips contain sensitive data that frequently fall under tight government regulation.

Payroll 52

Payroll Marketing Cybersecurity Robotics Process Automation 52

Magellan Solutions

AUGUST 6, 2023

Fraud Detection and Risk Management Solutions AI tools designed for fraud detection can analyze datasets and detect anomalous transactions or patterns. Ensure that any AI tools you use comply with data protection regulations and implement cybersecurity protocols to safeguard financial data from unauthorized access or breaches.

Accounting 98

Accounting Finance Data Entry Out-Tasking 98

Paysquare

APRIL 30, 2024

AI-driven analytics provide real-time visibility into compliance status, which enables proactive risk management and continuous improvement efforts. iii) Regulatory Monitoring: AI facilitates proactive regulatory compliance management by continuously monitoring regulatory changes, industry trends, and compliance risks.

Government 52

Government Payroll Cybersecurity Accounting 52

IBM Services

DECEMBER 8, 2023

In the assessment phase you will measure each risk against one another and analyze the occurrence of each risk. You will also analyze the degree of negative impact the organization would face if the risk were to occur for risks such as cybersecurity or operational risks.

Risk Management 72

Risk Management Risk Management Insurance Cybersecurity 72

IBM Services

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. Positive curation means adding items from certain domains, such as finance, legal and regulatory, cybersecurity, and sustainability, that are important for enterprise users.

Government 75

Government Management Risk Management Risk Management 75

Perficient Digital Transformation

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted 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.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

Avasant

APRIL 8, 2021

Meanwhile, the regulatory environment is increasingly complex, particularly for multinational companies , as they struggle to comply with sometimes conflicting regulations across regions. Risks have changed with a growing cloud environment and increasingly diverse IT service portfolio.

Service 52

Service Regulations Risk Management Risk Management 52

Intugo

JANUARY 23, 2024

They understand your sector’s challenges, regulations, and best practices, ensuring more efficient and compliant service delivery. Ensure the outsourcing company adheres to international data protection regulations, maintains strict security protocols, and undergoes regular security audits.

Outsourcing 59

Outsourcing Nearshoring Call Center Flexibility 59

IBM Services

JANUARY 16, 2024

From reshaping the customer experience to bringing forth wealth management tools, the financial services sector will be at the helm of managing the lasting impact artificial intelligence (AI) will have on organizations and people.

Service 51

Service Banking Risk Management Risk Management 51

Immedus

JULY 19, 2023

Risk Management And Cybersecurity Global payroll providers can centralize and streamline data by moving it onto the cloud. Many countries have their own set of regulations as to how payroll teams must handle sensitive data like income, ID numbers, and addresses.

Payroll 52

Payroll Marketing Cybersecurity Risk Management 52

SIG Speaks

APRIL 11, 2023

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.

Risk Management 40

Risk Management Risk Management Regulations Cybersecurity 40

Everest Group

MAY 19, 2022

Cybersecurity continues to be a top priority for enterprises across all industries, primarily driven by increased cyber attacks and data breaches in the wake of COVID-19. Insurers are also offering joint go-to-market (GTM) products to provide comprehensive cyber risk management solutions to enterprises.

Insurance 52

Insurance Marketing Cybersecurity Engineering 52

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Doing so reduces the risk of compliance violations and protects you against the enforcement of new regulations. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

IBM Business Partners

MAY 23, 2023

The AUP report is available to clients for their internal risk management practices and for demonstrating due diligence and oversight of their cloud service providers to their regulators. Contact your IBM account team to obtain a copy of the AUP report.

Service 65

Service Administrative Risk Management Risk Management 65

IBM Business Partners

JULY 7, 2023

IBM Security X-Force found the most common threat on organizations is extortion, which comprised more than a quarter (27%) of all cybersecurity threats in 2022. Best practices for proactive data security Best cybersecurity practices mean ensuring your information security in many and varied ways and from many angles.

Cybersecurity 40

Cybersecurity Regulations Government Healthcare 40

NoonDalton

APRIL 29, 2024

By recognizing intricate patterns, AI enables firms to forecast future financial trends and market dynamics, which are crucial for strategic planning and risk management. Tax Compliance : With tax regulations constantly evolving, keeping up can be a daunting task for any business.

Finance 52

Finance Accounting Cybersecurity Data Entry 52

inDinero

JULY 8, 2021

Also, federal and state agencies heavily regulate banks, credit unions, and other financial institutions. For example: USAA Federal Savings Bank paid $85 million for violations of its compliance risk management and cybersecurity programs found by the Office of the Comptroller of Currency. Regulated pot was valued at $11.3

Banking 56

Banking Accounting Regulations Government 56