Keynote address at the 13th Annual Audit Conference highlights the importance of audit technology

Posted by: Bobby O'Neal | February 21, 2019

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…

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Governor Michelle W. Bowman Talks About Lowering Regulatory Compliance Requirements for Community Banks

Posted by: Robert Berger | February 20, 2019

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…

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How Workflow Automation Increases Productivity Exponentially

Posted by: Bobby O'Neal | February 20, 2019

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…

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Federal Regulators Issue Joint Statement Encouraging BSA/AML Technology Innovation

Posted by: Robert Berger | February 19, 2019

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…

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How Small Businesses Can Mitigate the Risk of Compliance Failure

Posted by: Paul Dempsey | February 19, 2019

Compliance management is at the heart of any bank regardless of their size. There is a clear distinction in how compliance management is carried out in small and larger banks. Enterprises can leverage millions of dollars on their compliance efficiency whereas, smaller banks remained constrained with their budget…

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How GRC Helps with the Vendor Management Lifecycle

Posted by: Robert Berger | February 18, 2019

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…

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