The Ensuring Integrity: The 13th Annual Audit Conference took place in December of 2018. The conference is attended by experts, innovators, leaders, students, and businesses. These stakeholders discuss the challenges being faced by auditors, the opportunities that are present for improving audits, as well as exciting new developments…

Community banks were happy about Governor Michelle W. Bowman taking office and becoming a member of the Board of Governors of the Federal Reserve System in November 2018. Community banks were happy because they were hoping for a better regulatory requirement approach towards community banks, as Ms. Bowman was…

Businesses today are more productive than they were ever before, largely thanks to technology. The pace of business has increased exponentially. We can see this in every industry around us. It used to take multiple days to complete bank processes that can happen instantly now. Collaboration was almost impossible…

Fintech companies have developed innovative AI based solutions that can help banks improve their BSA/AML compliance measures, but banks are hesitating to experiment with the new solutions. Banks are hesitant because the banking industry is strictly regulated, and they do not want to commit to a technology…

Compliance system is a center segment of any bank regardless of their size. There is a noteworthy distinction in how compliance system can influence private ventures and how it affects substantial organizations in the industry. Large organizations can burn through millions of dollars on their compliance management whereas, smaller…

Managing vendors is a complicated task – it goes beyond simply telling them what you need and them delivering the services. What is Vendor Management? Vendor management is the process through which businesses ensure that they have vendors that are capable, qualified, and trustworthy enough to deliver business critical…