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 Services

OCTOBER 30, 2023

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. million, representing a 15.3% increase from 2020.

Cybersecurity 78

Cybersecurity Regulations Risk Management Risk Management 78

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

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

SIG Speaks

APRIL 4, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Jai Chinnakonda shares why every organization should adopt integrated third-party risk governance and management into their team structure. A report from Deloitte titled 'Third-party governance and risk management.

Risk Management 40

Risk Management Risk Management Government Management 40

inDinero

SEPTEMBER 21, 2024

Additionally, an expense reimbursement policy can streamline the reimbursement process, detailing what costs are reimbursable and the necessary documentation. As regulations and organizational needs change, updating your policies guarantees ongoing compliance and operational effectiveness.

Management 104

Management Accounting Collaborations Finance 104

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

Automation Anywhere

APRIL 27, 2022

Your external customers, regulators, consultants, and experts are the ones who understand the direction of the market. These topics apply to many areas within the organization, from front office and global business services (GBS) to compliance and risk management.

Banking 98

Banking Robotics Process Automation Automation Efficiency 98

inDinero

JUNE 29, 2023

Additionally, GAAP ensures that businesses remain compliant with government regulations regarding financial reporting. Components of GAAP Comprising of multiple elements and regulations, GAAP sets the standard for financial reporting by providing a framework of guidelines and requirements.

Accounting 98

Accounting Regulations Finance Payroll 98

Perficient Digital Transformation

SEPTEMBER 7, 2022

In my previous post, we looked at what the Three Little Pigs taught me about risk management. Recently, all the 2013 GxP documents – which was the first move from Volume 9A in EMA in 2013 – were updated. This requires faster, more efficient, and more intimate knowledge of our products and the risk benefit paradigm.

Regulations 64

Regulations Call Center Healthcare Analytics 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

IBM Services

OCTOBER 16, 2023

AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities. It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits.

Government 75

Government Management Risk Management Risk Management 75

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.

Banking 52

Banking Insurance Regulations Risk Management 52

Perficient Digital Transformation

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?

Regulations 52

Regulations Advisory Risk Management Risk Management 52

Amzur

SEPTEMBER 10, 2024

Investigate Security and Compliance Features Question: How does this tool ensure data security and compliance with regulations like GDPR, HIPAA, etc.? Feature to Check: Assess the tool’s UI/UX, the ease of deployment, and the quality of documentation and support. Also, consider if the tool supports real-time analytics and predictions.

Robotics Process Automation 95

Robotics Process Automation Cybersecurity Analytics Government 95

IBM Services

DECEMBER 8, 2023

While plans will vary by necessity, here are five key steps to building a successful risk mitigation strategy: Step 1: Identify The first step in any risk mitigation plan is risk identification. Bring in stakeholders from all aspects of the business to provide input and have a project management team in place.

Risk Management 72

Risk Management Risk Management Insurance Cybersecurity 72

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.

Inventory Management 52

Inventory Management Regulations Banking Government 52

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.

Inventory Management 52

Inventory Management Regulations Banking Government 52

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

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. Another one is that it can extract relevant data from various documents, such as invoices, receipts, and bank statements.

Accounting 98

Accounting Finance Data Entry Out-Tasking 98

Perficient Digital Transformation

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Member firms are responsible for conducting and documenting a risk assessment for remote locations. WFH Background Before the pandemic, firms were required to submit branch office applications on behalf of all the “branches.”

Service 52

Service Regulations Flexibility Risk Management 52

Perficient Digital Transformation

MARCH 27, 2023

By improving their ability to respond to disruptions, organizations can make sure the people are safe, minimize the impact on their operations and customers, reducing the risk of financial losses, reputational damage, and legal liability. Plan exercises can be planned, executed, monitored, and documented.

Out-Tasking 64

Out-Tasking Healthcare Risk Management Risk Management 64

NoonDalton

FEBRUARY 23, 2022

At the same time, such a significant change in work procedures carries a slew of risks that should not be overlooked. There is plenty you can do to avoid difficulties through careful planning, regulated implementation, and constant reevaluation. In addition, you should have a risk management and response plan in place for such a case.

Business Process Outsourcing 97

Business Process Outsourcing Outsourcing BPO Out-Tasking 97

Offshore India Data Entry

NOVEMBER 16, 2023

Training and hiring Mortgage entry deals with loan documentation, regulation checks, and lots of confidential information. As a challenging sector, they will stay updated with the latest trends, regulations, and protocols in their services. Furthermore, compliance monitoring enables businesses to maintain consistency in outputs.

Outsourcing 52

Outsourcing Out-Tasking Regulations BPO 52

Akorbi

SEPTEMBER 22, 2022

To achieve this certification, Akorbi demonstrated a systematic and documented approach to protecting and managing sensitive information, including intellectual property, employee and customer data, and financial information entrusted by third parties.

Business Process Outsourcing 52

Business Process Outsourcing Regulations Reduced Costs BPO 52

Paysquare

MAY 27, 2023

An EOR can take on the employer responsibilities for a company, managing all aspects of migration, joining and on-boarding, benefits administration, payroll management, compliance and risk management, employee query resolution, and exit management. Why Choose an Employer of Record Service?

Management 52

Management Payroll Administrative Regulations 52

Globalization Partners

DECEMBER 30, 2021

On the other hand, companies that rely on the worldwide supply network practice better risk management and experience increased stability. You can use the European Commission Access Database to review import tariffs, duties, trade barriers , and required international shipping documents.

Payroll 98

Payroll Research Government Marketing 98

Metasource

SEPTEMBER 5, 2024

Financial Risk Management : AI-driven intelligent decision support systems provide robust tools for better financial risk management. AI can assess credit risks by evaluating financial indicators and customer behaviors, leading to more accurate assessments and better lending decisions.

Automation 52

Automation Robotics Process Automation Data Entry Healthcare 52

NoonDalton

OCTOBER 5, 2022

It can include everyone you need for your project, such as developers, managers, analysts, scrum masters, and so on. However, these individuals function autonomously; they have their own system and regulations. Supervising and Management. Only then can the true value be known. The Advantages of Fixed Price Model.

Outsourcing 86

Outsourcing Out-Tasking Flexibility Collaborations 86

Paysquare

APRIL 30, 2024

Through advanced algorithms, AI systems can analyse large volumes of data and documents quickly and accurately, reducing manual effort and time-consuming tasks. This automation not only enhances efficiency but also reduces the risk of human error and confirms greater accuracy in compliance activities.

Government 52

Government Payroll Cybersecurity Accounting 52

Everest Group

MARCH 17, 2023

Various value chain elements performed by MGAs include marketing, sales, distribution, underwriting, policy issuance, claims handling, policy review, customer services, risk management, policyholder communication, and renewal management.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

IBM Services

APRIL 4, 2024

Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes. A purchasing agreement between a client and vendor, for example, needs to evolve and go through different rounds of approval and be organized, accessible and compliant with regulations.

Management 58

Management Out-Tasking Automation Inventory Management 58

SIG Speaks

NOVEMBER 10, 2022

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Senthil Jagadeesan shares how important it is to manage the risk associated with artificial intelligence. It provided practical tips and guidance to tackle today’s challenges from Third-party risks. Background. Challenges.

Management 40

Management Risk Management Risk Management Banking 40

Infosys Consulting

NOVEMBER 6, 2023

Now is the time to reimagine your regulatory change management (RCM) operating model. Organizations worldwide—regardless of industry—are facing a growing number of regulations from financial reporting, capital calculations, and cybersecurity to operational resilience.

Management 52

Management Regulations Government Cybersecurity 52

Perficient Digital Transformation

OCTOBER 14, 2024

Compliance and Risk Management: Certain industries require strict compliance with regulatory standards. Procurement processes for hazardous chemicals include adherence to safety regulations, proper documentation, and special handling procedures.

Pharmaceuticals 52

Pharmaceuticals Manufacturing Strategic Sourcing Sourcing 52

IBM Business Partners

JULY 27, 2023

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. It can also significantly increase uptime and lifespan.

Inventory Management 55

Inventory Management Risk Management Risk Management Regulations 55

SirionLabs

AUGUST 16, 2021

Conventional, manually-driven contract management processes, which broadly deal with paper documents and email attachments, are inefficient and expensive. This disorganization increases the risk of business disruption and can lead to frustrated partners, stakeholders, and vendors. Fully interrogatable repository.

Administrative 52

Administrative Software Analytics Sourcing 52