360factor Blog
How Machine Learning and AI Enables Proactive Risk Management for Banking and Financial Services Organizations
Machine Learning (ML) and Artificial intelligence (AI) are algorithms that identify patterns in data sets and imitate decision-making, like humans. Both these principles replicate human learning to improve their accuracy and effi...
Increase Revenue by Offering Banking-as-a-Service to FinTechs While Ensuring Regulatory Compliance and Minimizing Risks
Innovative banks of all sizes are partnering with fast-growing FinTechs to increase revenue in today's competitive, low-margin business environment. A recent Cornerstone Advisors survey revealed, "Nearly two-thirds of banks and...
The Necessity of Risk Monitoring and Controls Management
Risk Monitoring Overview Risk monitoring is an essential step in the overall risk management procedure. Since risk management is a perpetual and dynamic exercise, monitoring will always remain crucial in understanding the risks a...
Essential Regulations for Mortgage Compliance Management
Mortgage compliance is critical to success for a mortgage professional, regulator, broker, lender, or regulatory attorney. Furthermore, laws change, and businesses must be ready to adjust quickly. To successfully manage regul...
Why Digitization of Risk and Compliance Management is Necessary for the Financial Sector
The financial sector worldwide received a widespread impact due to Covid-19 and changing socio-economic conditions. Banks, insurance companies, and other financial institutions must respond to issues and challenges covering poli...
Automated Regulatory Compliance Management Trends for Banking and Fintech Services
When a new Fintech or any other entrant in the financial sector or existing companies plans to expand, one of the essential points to consider is dealing with regulatory compliance. The adherence to these management rules acts ...