SIG Speaks

MAY 11, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Nathan Coffet discusses the process of updating a Third-Party Risk Management program and the benefits it can have. Some highly regulated sectors have had to learn what works and what does not.

Risk Management 40

Risk Management Risk Management Management Out-Tasking 40

TMS

MARCH 7, 2023

One of the most important tasks that a project manager must handle is assessing risks. There are pre-set risk management processes that most managers apply in order to run the projects smoothly, without encountering any problems. The basic risk management process contains five core steps.

Risk Management 52

Risk Management Risk Management Management Finance 52

IBM Services

APRIL 11, 2024

One of the biggest challenges these organizations face is evolving regulations related to payments. To modernize, remain competitive and be compliant with regulations requires organizations to work with a “trusted” technology partner who can help to bring together their traditional payment practices and innovative solutions.

Banking 62

Banking Regulations Accounting Flexibility 62

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

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

This example shows that backing up data is very important to avoid the risk of data loss due to unforeseen circumstances. A mere downtime can lead to failure to meet set deadlines, unsatisfied clients, and negative impacts on the company’s reputation. HIPAA regulates the use and disclosure of PHI in the U.S.,

Retail 130

Retail Regulations E-Commerce Insurance 130

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

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

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. This can result in unclear requirements and deliverables that fail to meet expectations.

Software 130

Software Outsourcing Collaborations Cybersecurity 130

IBM Services

SEPTEMBER 15, 2023

Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. For example, the regulated disclosures could be anything from estimates around Scope 3 emissions, to investor-grade data.

Regulations 77

Regulations Analytics Government Automation 77

Everest Group

JULY 17, 2024

In this evolving industry, embracing sustainability is no longer optional but essential for mitigating climate risks, meeting regulatory demands, and ensuring long-term value in a world facing complex environmental and social challenges.

Insurance 69

Insurance Risk Management Risk Management Regulations 69

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

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

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

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. Now let’s look at what happens when data and sustainability are combined.

Manufacturing 52

Manufacturing Regulations Collaborations Efficiency 52

Capgemini

OCTOBER 7, 2024

Nowhere is this urgency more pronounced than in the financial sector, where sensitive data, stringent regulations, and vast datasets demand a rapid shift to quantum-safe systems As #quantum computing advances, it presents both opportunities and risks for the financial sector.

Cybersecurity 52

Cybersecurity Risk Management Risk Management Regulations 52

Automation Anywhere

NOVEMBER 17, 2020

It’s a strategy for integrating an organization’s management of its governance, risk, and compliance initiatives with regulations. As stated in a CIO article, “ Think of GRC as a structured approach to aligning IT with business objectives, while effectively managing risk and meeting compliance requirements.”

Robotics Process Automation 97

Robotics Process Automation Regulations Government Risk Management 97

IBM Services

MAY 9, 2023

There are 3 main reasons why organizations struggle with adopting AI: a lack of confidence in operationalizing AI, challenges around managing risk and reputation, and scaling with growing AI regulations. Users can manage models through dynamic dashboards that track compliance status across defined policies and regulations.

Government 74

Government Regulations Automation Design 74

IBM Services

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Banking 75

Banking Regulations Design Risk Management 75

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

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.

Management 52

Management Payroll Administrative Regulations 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

inDinero

SEPTEMBER 21, 2024

As regulations and organizational needs change, updating your policies guarantees ongoing compliance and operational effectiveness. This approach not only helps in meeting your strategic objectives but also strengthens your financial stability. Start by providing regular financial updates during board meetings.

Management 104

Management Accounting Collaborations Finance 104

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

DECEMBER 8, 2023

An organization is always changing and so are business needs; therefore, it’s important that an organization has strong metrics for tracking over time each risk, its category and the corresponding mitigation strategy.

Risk Management 72

Risk Management Risk Management Insurance Cybersecurity 72

IBM Business Partners

MAY 23, 2023

As IBM Cloud services are onboarded to IBM Cloud for Financial Services® , IBM conducts a rigorous validation assuring that services meet IBM Cloud Framework for Financial Services technical, administrative and physical controls requirements. What is the Agreed-Upon Procedures report?

Service 65

Service Administrative Risk Management Risk Management 65

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

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

Everest Group

MAY 21, 2024

Outsourcing can also help enterprises meet a surging demand for specialized actuarial talent. It ensures that actuarial procedures consistently meet the ever-changing regulatory environment. According to the Bureau of Labor Statistics, the demand for actuaries is expected to increase by 21% between 2021 and 2031.

Insurance 64

Insurance Outsourcing Flexibility Risk Management 64

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

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

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. We encourage employees to minimize travel and leverage virtual meeting tools wherever possible.

Redistribution 59

Redistribution Regulations Risk Management Risk Management 59

IBM Services

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. An AI governance toolkit lets you direct, manage and monitor AI activities without the expense of switching your data science platform, even for models developed using third-party tools.

Government 75

Government Management Risk Management Risk Management 75

Groove Technology

SEPTEMBER 26, 2024

Many businesses today, from SMEs to large enterprises, are under increasing pressure to deliver innovative software solutions that meet market demands and customer expectations. Software development is key to business success, but managing this process internally often comes with significant challenges in terms of cost, time, and resources.

Software 130

Software Outsourcing E-Commerce Reduced Overhead 130

Everest Group

MAY 24, 2023

Mobile technology and User Experience (UX)/User Interface (UI): To meet customers’ increasing desires to access services on the go, intermediaries need to provide access to policies and the ability to submit claims and pay bills available via mobile devices and applications.

Insurance 52

Insurance Risk Management Risk Management Analytics 52

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