Published By: Intralinks
Published Date: Apr 13, 2015
In the wake of the 2008 financial crisis regulatory exams have become increasingly demanding for governance, risk, and compliance professionals. New rules brought about by the Dodd-Frank Act will continue to shape future examinations including safety and soundness, compliance, market conduct, and risk-based targeted exams. We can expect these changes will require examiners to spend more time onsite, request more documents, and extend the scope and/or depth of their examinations. This means it is more important than ever to avoid the classic mistake of sharing examination documents through ad-hoc, manual processes and delivering highly sensitive data through unsecured channels like mail, e-mail, thumb drives, and FTP.
In response to these increasing burdens financial institutions are looking to take control with a more structured, collaborative process for collecting, refining, and submitting regulatory information. Download this white paper to learn more about Intralinks VIA.
Published By: Intralinks
Published Date: Apr 13, 2015
In the wake of the 2008 financial crisis, financial institutions are faced with increasing scrutiny from government regulators. The Dodd-Frank act was passed in response to the disaster, creating the Consumer Financial Protection Bureau and mandating 398 new rulemakings, many of which remain to be finalized. In light of these events financial services organizations are increasingly relying on Intralinks® as the most secure way to control sensitive information when collaborating within and outside their organizations. Intralinks meets the strictest security, auditability, and compliance requirements of regulated entities around the world – regardless of business complexities.
Download this white paper to learn how Intralinks VIA for Financial Services can help you control your communications with regulators and other third parties.
Recent research from Kaspersky has revealed a massive criminal campaign that was able to infiltrate more than 100 different banks and steal upwards of $1 billion from the affected institutions. Kaspersky dubbed this operation the Carbanak APT due to a connection between the malware used in the attacks and the now infamous Carberp banking botnet. You may recall the headlines in 2013 that revealed the Carberp source code had been leaked into the wild, making it accessible to virtually any would-be criminal group that may want it. The accessibility of Carberp source code could easily have provided a starting point for the Carbanak as they built their malware.
Published By: Rackspace
Published Date: Mar 28, 2018
Following Google’s recent Managed Services Partner Program Launch,Rackspace® announced that it is migrating, managing and optimizing business-critical workloads for several customers, from enterprises to educational institutions to emerging start-ups, on Google Cloud Platform.
To stay on top in in the competitive world of higher education, institutions are striving to differentiate themselves with innovative programs and high-quality student services. Core to the success of these initiatives is people. How are you attracting the best faculty and staff to deliver the outcomes today's students expect? This white paper describes modern HR best practices for fueling student success.
"Today, 87% of organizations believe that company culture and employee engagement are top challenges, with 50% citing the problem as “very important”. So why are institutions struggling to drive employee engagement and manage talent? Deloitte University Press’ Human Capital Trends report discusses and highlights 10 trends that are reshaping the way organizations approach talent management."
Higher education is in an era of transformation. To stay competitive,
institutions must respond to changing student expectations, demanding organizational imperatives and fierce talent competition with new, agile ERP financial and HR cloud solutions. Find our more.
As iPad and iPhone usage continues to grow in higher education institutions around the world, finding the right way to manage iOS devices can be as important as the technology itself. In this e-book, we’ll educate you on the basics of mobile device management (MDM) and explain how you can maximize your education technology purchases.
Become an expert in:
• The state of iOS in higher education
• Best practices and workflows for iPad and iPhone device management
• Moving higher education forward with Apple TV
With large quantities of student and faculty information on hand, complicated information systems and distributed environments spread across departments, higher education institutions are subject to breaches in the same fashion and with the same magnitude as large corporations.
But fear not, we're here to help. This white paper provides you with the confidence and know-how to combat the threat of security breaches and avoid the associated costs on your budget and sanity. After reading, you'll be able to:
• Identify common types of security breaches
• Work with faculty and staff to better secure your environment
• Prevent hacks and malicious software from reaching university systems
Sanctions screening and fraud prevention solutions use real-time detection to prevent terrorist financing and financial crime; whereas anti-money laundering (AML) primarily follows an “observe and report” process. Such a process is all that is currently required by many regulators. Increasingly though, international compliance teams are choosing to stop transactions before they are executed – based on suspicions of money laundering activity. More and more, the industry has been asking itself if this approach of rejecting suspicious activity is a more effective strategy to prevent money laundering. This paper explores where and why AML real-time detection might make sense as a new paradigm for global financial institutions.
Global anti-money laundering (AML) standards have long required that understanding beneficial ownership be a part of a financial
institution’s AML program. Beneficial ownership outlines the identity of individuals with a controlling interest in a privately held company, enabling a financial institution to understand the ultimate beneficiary of a financial transaction. Identifying beneficial ownership can be a complex process, but it’s one that institutions must conquer if they are to remain in compliance with industry rules and legislation.
With the recent Financial Accounting Standards Board vote to proceed and the final Accounting Standards Update now published, the Current Expected Credit Loss (CECL) standards remain top of mind for the C-suite in financial institutions. Now is the time to begin the steps for developing a data preparation plan for CECL.
With the recent Financial Accounting Standards Board vote to proceed and the final Accounting Standards Update now published, the Current Expected Credit Loss (CECL) standards remain top of mind for the C-suite in financial institutions. Even though the official adoption deadline has been pushed back to after December 2019, financial institutions should take actions today to help prepare for the new rules. Data is a great place to start.
The Impact of CECL and Financial Institution Readiness
When it comes to CECL compliance, top financial consultants agree that extensive amounts of historical data, including different lengths of portfolio histories, will be needed. In addition, this research reveals that a majority of financial institutions do not understand how their risk management methodology needs to change. Nor do they comprehend the impacts of the changes that will need to be made to calculate Allowance for Loan and Lease Losses (ALLL).
This represents a significant opportunity for top-tier consultancies to provide valuable thought leadership and guidance now, before financial institutions find themselves scrambling to meet the new standard. Learn more in our survey results."
"In today’s ever-evolving lending landscape where loan quality and risk management challenge profitability and the customer experience, technology may be the key to thriving – both now and in the future. Winning financial services institutions will be the ones that transform their business models to place loan quality and risk management at the center of their operations.
To facilitate continuous life-of-loan management, inclusive of the requisite data transparency and audit trails that support loan quality and loss mitigation, these institutions will implement and automate a loan completion process. Such a process will manage data quality and access to loan data and documents throughout origination, servicing and sale on the secondary market."
Financial institutions seeking to attract new customers and revenue channels are expanding into digital services, real-time payments and global transactions. However, with every new service, criminals are developing innovative ways to infiltrate financial systems, and older technologies that mitigate fraud no longer work as effectively.
So how can financial institutions respond to this growing threat?
Fortunately, more advanced technologies hold great potential for real-time financial crime mitigation. Learn about five current and emerging technologies that could impact money laundering and fraud mitigation, including artificial intelligence/machine learning, blockchain, biometrics, predictive analytics (hybrid model) and APIs.
Read the latest Fiserv white paper: Five Tech Trends That Can Transform How Financial Institutions Detect and Prevent Financial Crime.
For the past decade, financial institutions have created sophisticated digital platforms for consumers to access, save, share and interact with their financial accounts. As sophisticated as these digital platforms have become, cyber criminals continue to pose an ever-present risk for everyone – from individual consumers to large corporations
In his recent article, 2018 Outlook: Customer Experience and Security Strike a Balance, Andrew Davies, vice president of global market strategy for Fiserv’s Financial Crime Risk Management division, explains how and why security will become a key differentiator for financial institutions as they respond to a changing landscape, which includes:
•Global payment initiatives
•Open Banking standards
•Artificial intelligence and machine learning
•Consumer demand for real-time fraud prevention and detection
For decades, the financial services industry has endured constant change
and uncertainty, from the depths of a financial crisis to widespread
regulation overhauls. With the advent of more advanced cybersecurity
threats, the industry has responded with rapid digital transformation to
remain competitive while also pushing the envelope. Today, managing
and mitigating cyber-related risks not only draws government scrutiny, but
increased consumer scrutiny as well, with longstanding brand reputations
anchored to institutions’ ability to protect its most sensitive data. In a
recent survey of Americans, financial information was considered by
consumers to be their most valuable personal information, worth even
more than personal or family photos and videos. For consumers, failing
to protect their data is a grave violation of trust, to the point where 72%
would consider leaving their current financial institution if their sensitive
information was taken hostage by ransomware.1
Not only does the
In today’s 24/7, always-on world, people expect institutions of higher education to lead with technology. Constant connectivity, mobility, and access to rich media anytime, anywhere not only define the educational experience, but also help to attract and retain the best students, faculty, and staff. Western Oregon University (WOU), relies on NetApp to help support its mission of providing effective, technology-powered learning opportunities.
This whitepaper will review how business processes are more efficient in an electronic data environment. Enterprise Capture enables customer service improvement, cost cutting, and compliance for financial institutions such as Flagstar and Randolph Brooks Federal Credit Union (RBFCU).
At this free, one-hour webcast, moderated by Bank System & Technology Editorial Director Kathy Burger, you will learn how intelligent capture and exchange capabilities can help your organization automate the entire mortgage loan process - linking back-office information processes, front-office knowledge workers, customers and partners to enable financial institutions to exchange information automatically with anyone, anywhere, in any format.
Published By: Data Stax
Published Date: Oct 14, 2016
Financial services companies engage with customers across multiple channels and across a range of financial products. This wealth of customer information is often stored in isolated data silos. Building a 360° view of the customer can directly impact customer experience and help banks grow customer retention, upsell products and provide compelling interactions. This paper examines the challenges these institutions face when creating a 360° view of every customer interaction, what database requirements the lines of business should look into, and use cases to benefit from by leveraging DataStax Enterprise, the database platform purpose built to power cloud applications.
"Higher education institutions are under increasing pressure to improve:
- Learning out comes and student success
- Development of funding models based on student performance
- Academic reputation and the cost of education
Explore this actigraphic to see if your institution is on the right track for tackling these challenges."
"The significance of technology in higher education has
changed dramatically over the past decade. The rise of
mobile, social and analytic technologies is forcing institutions
to rethink their business models from the ground up. Institutions at all ends of the spectrum clearly need to embrace fundamental changes in their most basic business processes and platforms. A critical factor in
the planning for those changes includes finding the right partner to assist with a major platform shift to the cloud."
DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Our portfolio of live events, online and print publishing, business intelligence and professional development brands are centred on the complexities of technology convergence. Operating in 42 different countries, we have developed a unique global knowledge and networking platform, which is trusted by over 30,000 ICT, engineering and technology professionals.
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