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Regtech in banking: How emerging technology helps keep banks compliant

Abrigo

For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. That’s where regtech for banks can help.

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Regtech in banking: How emerging technology helps keep banks compliant

Abrigo

For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. That’s where regtech for banks can help.

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Modelling Deposit Price Elasticity: What Is It All About?

FICO Blog

Price elasticity is the study of responsiveness, and how the demand of a product, in this case balance inflows and outflows, changes with respect to the applied interest rates and/or the market price derived from competitor bank interest rates).

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The State of Business Lending in 2017, According to Small Business Owners

Fundera

Despite Fundera’s best efforts to demystify the world of small business lending, the industry can still be a complex and confusing realm. The biggest factor that’s presently clouding small business lending is the post-financial crisis surge of alternative small business lenders. Main Takeaways.

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A Retiree’s Guide to Digital Finance: Terms, Tools and Tips

Due

The mobile payments market size was valued at $13.9 Familiarity with mobile payments and the digital wallets that enable them will help older adults or seniors settle payments instantly without having to do in-person visits or sign physical checks. In any case, applicants must be careful to read the fine print. billion in 2022.

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The 2023 NCUA supervisory priorities: Takeaways for credit unions implementing CECL

Abrigo

Takeaway 3 An experienced vendor can help with a CECL solution for credit unions that can be tailored to fit your needs. The assessment will focus on liquidity sources compared to funding needs and how changing rates and market values impact assets used for collateral.

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Top 5 2023 Trends Redefining Banking Today

FICO Blog

Very careful steps must be taken to expose and address bias. We’re moving away from single applications/solutions that require specific IT expertise and towards extensible platforms that eliminate silos and centralize decisioning. It ensures that AI technology is safe, trustworthy, and unbiased.