Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & the Frontline, Back Office & Marketing (Part 2)
In this second blog in Ncontracts’ series breaking down key operational risk considerations department-by-department, we’re addressing three departments:
Finastra, World’s Third-Largest Fintech, Responds to Ransomware Attack
Finastra, the third-largest fintech company in the world, took its servers offline Friday to protect its data after detecting a ransomware attack, the
Pandemic Preparedness & BCP Department-by-Department Series: COVID-19 & Human Resources (Part 1)
Ncontracts will address key operational risk considerations department-by-department to help your FI with pandemic preparedness & business continuity
FinCEN Hits Chief Risk Officer with $450k Penalty
Michael LaFontaine got nailed because he was responsible for overseeing U.S. Bank’s compliance programs.
FDIC Updates RMS Manual: What Does That Mean for Risk Management at Your FI
Compliance isn’t just about following rules. It’s about thoughtfully managing risk.
How Regression Analysis Can Help Your Fair Lending Program
Regression analysis is an incredibly useful tool, but many lenders are hesitant to embrace it because they think it’s too complicated. It’s a...
Ncontracts Receives the 2020 Tennessee Roaring 20 Award from The Association for Corporate Growth
Ncontracts is the one of the top recipients of the 2020 Tennessee Roaring 20 awarded by the Tennessee chapter of the Association for Corporate Growth (ACG)
3 Take-aways from the OCC Third-Party Vendors Relationship FAQ
The OCC released a Frequently Asked Questions (FAQ) supplement to OCC Bulletin 2013-29 that gives more clarity on regulations around third-party vendors.
How Not to Save Money on Vendor Management
Earlier this month Federal Reserve Governor Michelle Bowman announced that the Federal Reserve is working with the other supervisory agencies to update its
Leap Year: What Risk Management & Compliance Tasks Would You Tackle with One Extra Day?
That’s right, it’s Leap Year once again, and February 29th is happening for the first time in four years.
How to Prepare for the Future of AI in Banking (Part 2)
Unless you truly live in a cave, AI has put its stamp on your life—both at home and at work—and we can expect its influence to grow over the coming years
Pandemic Planning: Is Your FI Prepared for Coronavirus?
The largest bank in Singapore made headlines last week for being the first lender to shut down its office due to coronavirus after an employee tested
Are You Making Risk Management Decisions with Your Heart or Your Head?
Whether we want to accept it or not, every person carries her own background and experiences into risk management decisions.
How Lincoln Reduced Financial Risk with the Creation of a National Banking System
Let’s take a minute to reflect on the amazing accomplishment that is our national banking system and the ways it reduced financial risk.
6 BCP Lessons Learned When Ncontracts Shut Down Its HQ for the Day
Ensuring smooth operations, even when your main office is inoperable or unreachable, is a cornerstone of business continuity management.
The #1 Obstacle Between Your FI and Strategic Success
The biggest obstacle to strategic success is failing to understand risk.
Gryphon Investors Acquires Ncontracts, A Leader in Integrated Risk Management Software for the Financial Industry
Gryphon Investors Acquires Ncontracts, A Leader in Integrated Risk Management Software for the Financial Industry
Are Vendors Your Biggest Obstacle to Fintech Adoption? It Might Not Be Their Fault
Once your FI has laid out its strategic goals, it needs to know if a vendor will have the products and services it needs to accomplish them.
Heightened Cybersecurity Risk – Is Your FI Prepared?
Cybersecurity is always a top concern for financial institutions, but now supervisory agencies are warning financial institutions that cyberattacks are an
How Many Complaints Did Your Institution Get Last Year?
Consumer complaints are a part of doing business.
What Will NCUA Examiners Be Looking at in 2020?
The NCUA’s 2020 Supervisory Priorities are published—and they are giving us a first look at the areas where NCUA will focus its examination efforts this
When Customers Invite Third-Party Risk
In a world where consumers are often willing to trade privacy for convenience, even banking passwords are no longer sacrosanct.
Fourth-Party Risk: What Your Institution Has in Common with a Presidential Campaign
Fourth-party risk is the risk created when a third-party vendor subcontracts to another vendor. Good vendor management is essential for limiting this
Fintech Risk Management & the Fed
Which financial institutions do the best job managing fintech relationships? See what the Fed has to say about fintech risk management.
Three Banking Trends that Fizzled—And One That Stands the Test of Time
As we prepare for a new decade, let's take a stroll down memory lane to look at a few banking trends from the last 20 years that have lost their luster.
Ncontracts Recognized as a Challenger in the Gartner Magic Quadrant for IT Vendor Risk Management Tools
Ncontracts announced that it has been positioned by Gartner, Inc. in the Challengers quadrant of the Magic Quadrant for IT Vendor Risk Management Tools
OCC: Lack of Risk Management Leads to Enforcement Actions
Lack of appropriate governance, oversight, and risk management systems and controls are the leading cause of enforcement actions according to the OCC.
How to Control the Financial Risk of a Data Breach
How much does a data breach cost? Understanding the costs can help your financial institution mitigate the financial risks of a data breach.
The Difference Between Data Privacy and Security
Data privacy and security has been getting a lot of press as the industry looks ahead to when the new consumer privacy law takes effect January 1.
What Does the OCC Look for in a CMS?
The OCC wants banks it regulates to “develop and maintain an effective CMS that is appropriate for the size, complexity & risk profile of its operations.”