The Financial Services industry's increasing intricacy, combined with recent adverse events, has heightened regulatory scrutiny on banks...The success of risk and compliance depends on an effective Data Management Program, securing not just their success but the stability of the entire banking ecosystem.

US regulators are quietly demanding that regional lenders shore up their liquidity planning, part of a ramp-up in efforts to tighten supervision in the wake of three bank failures earlier this year.

[Subscription Required]

As of Q2 2023, the banks that were downgraded by Moody’s had not exceeded 300% for all CRE loans or 100% for just construction loans, which are the guidance levels that regulators use for bank stress testing. However, as indicated by the above graph, several of the 10 banks do have elevated concentration ratios, exposing them to potential loan losses.

In March, Finastra rolled out Finastra ALM IQ, a cloud-based software-as-a-service balance sheet management tool specifically geared for community banks, based on an existing solution for large banks, Finastra ARC... Finastra’s new solution gives bank managers a deeper understanding of their balance sheet structure and risk management position through dynamic modeling and simulation to meet the expectations of regulators and supervisors, Bouasria says.

AI is set to transform our future, impacting all industries, but it is banks and other financial businesses that arguably have the most to gain....Technology has made disruption the new norm. AI is simply the latest iteration.

Those who choose value creation over narrative now will better control their company’s AI destination. Every organization is on an AI journey...And only a tiny fraction have the appropriate shoes.

The use of AI and other technological tools has helped Bank of America keep its workforce lean over the last 15 years as the financial services giant has acquired several large institutions like Merrill Lynch...The transformation of bank operations brought about by advancements in technology has also affected the way customers conduct financial transactions.

In the age of Big Data, organizations that harness data effectively and promote data integrity can make better data-driven decisions, improve data quality and reduce the risk of data loss or corruption.

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently announced that the CFPB expects to develop a new rule under the Fair Credit Reporting Act (FCRA) broadening the definition of “Consumer Reporting Agency” to include data brokers...Development of a rule substantially broadening the scope of FCRA will have wide implications for the consumer lending industry.