Perficient Digital Transformation

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Build a reliable risk management strategy using accurate estimations and predictions. This blog was co-authored by Carl Aridas and Joel Thimsen.

Regulations 52

Regulations Efficiency Healthcare Automation 52

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

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 E-Commerce Insurance 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 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 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

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.

Cybersecurity 78

Cybersecurity Regulations Banking Risk Management 78

IBM Services

MAY 1, 2024

This allows companies proof of sustainability to drive customer loyalty and comply with regulations. Inventory management Generative AI models can continuously generate optimized replenishment plans based on real-time demand signals, supplier lead times and inventory levels.

Supply Chain Management 83

Supply Chain Management Inventory Management Risk Management Risk Management 83

Everest Group

JULY 17, 2024

Such extreme weather events, occurring in regions where they were previously uncommon, are compelling insurers to acknowledge their responsibility in environmental protection. In the first half of 2023, there were over 1,715 adjustments to the US state insurance regulations, many of which address climate issues.

Insurance 69

Insurance Risk Management Risk Management Regulations 69

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.

Out-Tasking 52

Out-Tasking Automation Risk Management Risk Management 52

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

MAY 30, 2024

Our banking risk and regulatory experts are excited to attend the upcoming XLoD Global event in New York on June 11th. The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. What is XLoD Global?

Banking 52

Banking Risk Management Risk Management Regulations 52

Premier BPO

NOVEMBER 6, 2024

1 Such an event could cause potential blows to the business, including financial penalties, regulatory scrutiny, and erosion of consumer trust. Strategic crisis management in such a situation safeguards the brand’s integrity and ensures long-term market relevance.

BPO 75

BPO Outsourcing Pharmaceuticals Customer Support 75

Capgemini

OCTOBER 30, 2024

They touched upon reporting, risk management, growth, innovation, and much more. Their existing environmental and social risk management (ESRM) policies should have established guidelines for due diligence when managing such risks. Central banks and regulators often request risk-assessment scenarios.

Banking 52

Banking Service Insurance Finance 52

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.

Manufacturing 52

Manufacturing Regulations Collaborations Efficiency 52

Perficient Digital Transformation

OCTOBER 12, 2022

This includes measurement of risk, assessment, retention, monitoring, and identification. Compliance : Ensuring that activities within an organization operate in a way that is aligned with laws and regulations. event based on data aggregated across your extended enterprise and respond to critical changes in risk posture.

Risk Management 111

Risk Management Risk Management Government Automation 111

Sarah Holliman

DECEMBER 19, 2018

Consider Hurricane Florence or the Northern California “Camp Fire”— the damage from these devastating events will be long lasting to the communities they impacted and the businesses that supported them. Put in context, this translates to roughly five events per day with approximately 25 percent of them requiring an impact notification.

Sourcing 100

Sourcing Advisory Risk Management Risk Management 100

IBM Services

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Contingency plans should be in place if something drastic changes or risk events occur.

Risk Management 72

Risk Management Risk Management Insurance Cybersecurity 72

Groove Technology

OCTOBER 31, 2024

By recognizing these challenges, stakeholders can devise effective risk management strategies to enhance project outcomes, promote seamless collaboration, and ensure a positive outsourcing experience. Compliance with industry standards and regulations is crucial in outsourcing relationships.

Software 130

Software Outsourcing Collaborations Cybersecurity 130

IBM Services

APRIL 3, 2024

These new rules join existing regulations in both the US and around the world requiring companies to make climate-related disclosures and provide other ESG-related metrics. Explore IBM Envizi ESG Suite today The client is responsible for ensuring compliance with all applicable laws and regulations.

Regulations 55

Regulations Risk Management Risk Management Management 55

Future of Sourcing

APRIL 7, 2023

In this series, Future of Sourcing is talking to practitioners, technologists and executives to get their insights and expertise on navigating current and future challenges impacting sourcing, procurement, risk and supply chain professionals. The specific requirements and timelines of these regulations will likely be clearer next year.

Redistribution 59

Redistribution Regulations Risk Management Risk Management 59

IBM Services

FEBRUARY 5, 2024

Envisioned to comprehensively address information and communications technology (ICT) risk management in financial services, DORA aims to harmonize existing regulations across EU member states.

Administrative 72

Administrative Risk Management Risk Management Out-Tasking 72

SIG Speaks

JANUARY 4, 2024

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Andy Ignacio describes and compares some of the related concepts he learned throughout the program to his organization's evolution from "check the boxes" to a strong risk culture and program. It was not a bad strategy.

Risk Management 40

Risk Management Risk Management Banking Government 40

Automation Anywhere

MAY 18, 2022

have spiked , and the potential for operational risk events caused by people, failed processes, and disrupted systems has increased as a result of greater reliance on virtual working arrangements. It aims to make financial services institutions (FSI) better able to withstand, adapt to, and recover from severe adverse events.

Service 90

Service External Service Provider Out-Tasking Cybersecurity 90

Perficient Digital Transformation

MARCH 27, 2023

ISO 22301 is an international standard that specifies requirements for a Business Continuity Management System (BCMS) to help organizations prepare for, respond to, and recover from disruptive events. Managers can track task execution during events in a predefined order in a plan. What is ServiceNow BCM?

Out-Tasking 64

Out-Tasking Risk Management Risk Management Healthcare 64

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. This results in faster processing times and a smoother experience for borrowers.

Outsourcing 52

Outsourcing Out-Tasking Regulations BPO 52

IBM Services

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. In addition to natural language, models are trained on various modalities, such as code, time-series, tabular, geospatial and IT events data.

Government 75

Government Management Risk Management Risk Management 75

Amzur

JULY 18, 2024

Risk Management Objective: Identify potential risks and develop mitigation strategies. Action Steps: Conduct a risk assessment to identify potential challenges and vulnerabilities. Develop a risk management plan, including rapid vulnerability detection, data encryption, backup solutions, and disaster recovery protocols.

Risk Management 98

Risk Management Risk Management Flexibility Cost Control 98

IBM Business Partners

AUGUST 1, 2023

Whether it’s addressing customer demands for seamless digital experiences or helping clients navigate complex industry regulations, IBM Cloud is committed to helping clients drive innovation today while preparing them for tomorrow.

Regulations 63

Regulations Banking Design Flexibility 63

IBM Services

FEBRUARY 13, 2024

Outside consumer demand for traceability, new regulations may make it imperative for some businesses: the FDA’s Food Safety Modernization Act (FSMA) Rule 204 requires food companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to use traceability systems and follow new record keeping requirements.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

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 this manner, you can continue to operate in the event of an emergency.

Business Process Outsourcing 97

Business Process Outsourcing Outsourcing BPO Out-Tasking 97

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

Infosys Consulting

MAY 22, 2023

The complexity of international sanctions The complexity of international sanctions regulation has been continuously increasing over time. The geopolitical events of the past year, culminating in Russia’s invasion of Ukraine, have clearly demonstrated the dynamic and fragile nature of the sanctions environment.

E-Commerce 52

E-Commerce Data Entry Administrative Banking 52

SirionLabs

JULY 6, 2022

Nearly every aspect of the industry is overseen by multiple regulatory bodies and programs enforcing a broad array of complex regulations. Contracts have a far-reaching impact that extends throughout an organization, affecting functions as diverse as risk management, compliance, procurement, sales, and finance.

Healthcare 52

Healthcare Management Regulations Analytics 52

SirionLabs

JULY 6, 2022

Nearly every aspect of the industry is overseen by multiple regulatory bodies and programs enforcing a broad array of complex regulations. Contracts have a far-reaching impact that extends throughout an organization, affecting functions as diverse as risk management, compliance, procurement, sales, and finance.

Healthcare 52

Healthcare Regulations Analytics Engineering 52

SirionLabs

JULY 6, 2022

Nearly every aspect of the industry is overseen by multiple regulatory bodies and programs enforcing a broad array of complex regulations. Contracts have a far-reaching impact that extends throughout an organization, affecting functions as diverse as risk management, compliance, procurement, sales, and finance.

Healthcare 52

Healthcare Regulations Analytics Engineering 52

Intugo

MAY 31, 2024

Frequent changes in government or political unrest can disrupt operations and pose risks to investments. Legal Stability: Includes intellectual property laws, labor laws, and business regulations. Understanding the legal environment helps in mitigating risks.

Call Center 40

Call Center Efficiency BPO Labor Costs 40