The third quarter saw a 26% rise in the compliance burden for FIs. This data arrives via the Banking Compliance Index, produced by Continuity Control, a New Haven, Conn.-based provider of a cloud-based compliance management system for community banks. The latest results of the index were announced Saturday, November 15.
Post Tagged with: "regulations"
In a sense, things have never looked brighter for mobile banking. Apple’s announcement of Apple Pay is a huge step forward for mobile payments at the point of sale. But problems threaten.
Risk managers might want to add a little “Irish” to their coffee this morning. The Office of the Comptroller of the Currency issued new guidance for banks’ third-party relationships today, citing concerns about the growing complexity of financial institutions’ relationships with vendors. “We have concerns regarding the quality of riskRead More
After EMIR, Basel III and Dodd Frank, MiFID II is now on the horizon. Are you keeping up with the latest regulatory developments in the market? Alarmed by the impact of the latest financial crisis, regulators globally have released a set of new regulations. While most financial institutions are alreadyRead More
Throughout the past year, the adoption of cloud technology has exploded among both large and small financial institutions in search of a solution to improve security, profitability and business continuity. There are still banks, however, that are apprehensive about making the jump to a new technology delivery system. Don’t getRead More