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CECL Compliance – Time it right

Newgen Software

The rider on the CECL Compliance mandate – banks need to maintain reserves for all loan types, impaired or not. A much-needed huddle of chief credit officers, chief financial officers, chief risk officers, chief information officers, compliance officers, and business intelligence officers to prepare for the future.

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5 Benefits intelligent document processing brings to content management

CIO

As explained in a previous post , with the advent of AI-based tools and intelligent document processing (IDP) systems, ECM tools can now go further by automating many processes that were once completely manual. That relieves users from having to fill out such fields themselves to classify documents, which they often don’t do well, if at all.

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AI & RegTech’s Role in Helping You Automate Regulatory Compliance

Exadel

Keeping up with compliance is a costly and time-intensive job for any financial institution. In 2017, S&P Global Market Intelligence published that their research showed compliance costs were up at least 20% for many U.S. More recently, a study in 2022 showed compliance costs in North America were up a further 13.6%

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Integration platform Cinchy lands fresh cash to connect data sources

TechCrunch

As a result, rather than being a business driver or competitive advantage, data is more often a drain on IT budgets and a nightmare for compliance teams,” DeMers said. . “Data management remains an expensive chore, and a proliferation of apps producing an ever-increasing volume of data only adds to the challenge.

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Sleek secures $14M Series A to enhance its corporate service platform

TechCrunch

Entrepreneurs and small and medium enterprises (SMEs) often struggle to deal with several siloed functions, such as company secretary, bookkeeping, banking, tax, payroll, employment services, insurance and more. Sleek recently launched Sleek Business Account that simplified opening bank accounts for SMEs.

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Cansativa Group grabs capital as Germany readies for recreational cannabis market

TechCrunch

For example, we are combining regulatory expertise with a state-of-the-art B2B customer experience including merchant ads, benchmarking and business intelligence and many other future features.”. Furthermore, because cannabis is legal at the federal level, Europe is not plagued by the same banking and payments challenges in the U.S.

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Power BI Security Dashboards

Sunflower Lab

Power BI, a powerful business intelligence tool by Microsoft, offers a vast number of security features and dashboards to ensure data protection, compliance, and risk mitigation. Users only see the data they have permission to access, ensuring compliance with data privacy regulations and organizational policies.