Category Archive: General

Are You EMV Ready?: Preparing for the October 2015 EMV Card Liability Shift

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Why You Will Want to be EMV Ready Financial institutions across the country are preparing for the October 2015 counterfeit card liability shift.  If your institution isn’t already issuing credit and debit cards with EMV chip technology, now is the time to begin that undertaking.  The importance of EMV readiness is simple: EMV non-compliance could… Read more »

Accume’s October Compliance Monthly Newsletter

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Accume’s October issue of Compliance Monthly is here! The Compliance Monthly newsletter is intended to keep you informed of regulatory changes in advance of their effective date so your institution can have the necessary policies, procedures and processes in place to be compliant at the time of enactment. http://www.accumepartners.com/media/32485/accume-partners_compliance-monthly_october-2014.pdf

Scoring Big Data for Free

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Staying informed of the marketing trends in your financial institution’s regional area(s) doesn’t mean you have to incur heavy costs gathering the information. Actionable information similar to that provided by big data companies is available online for free, thanks to the federal government. The US Census Bureau is constantly collecting data, much of which is… Read more »

Accume’s August Compliance Monthly Newsletter

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Accume’s August issue of Compliance Monthly is here! The Compliance Monthly newsletter is intended to keep you informed of regulatory changes in advance of their effective date so your institution can have the necessary policies, procedures and processes in place to be compliant at the time of enactment. http://www.accumepartners.com/media/32272/august-2014-compliance-monthly.pdf  

Accume’s July Compliance Monthly Newsletter

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Accume’s July issue of Compliance Monthly is here!  The Compliance Monthly newsletter is intended to keep you informed of regulatory changes in advance of their effective date so your institution can have the necessary policies, procedures and processes in place to be compliant at the time of enactment. http://www.accumepartners.com/media/32096/july-2014-compliance-monthly.pdf  

Decoding the Biggert-Waters Flood Reform Act

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The banking industry continues to adjust and react to the Biggert-Waters Flood Reform. Enacted in July 2012, the act re-authorized the National Flood Insurance Program (NFIP) through Sept. 30, 2017. While the impact of the act has not fully played out, financial institutions are being affected now. Bankers are facing new challenges, including premium reform… Read more »

Why You Need A Risk Committee

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With schedules already crammed with committee meetings, it’s tempting to reject the idea of forming yet another committee, even one devoted to risk. Don’t. Properly executed, it will be one of your bank’s most important governance bodies. Eric Holmquist, Managing Director, Enterprise Risk Management, authored the article titled, “Why You Need a Risk Committee,” which… Read more »

Internal Audit Looks Beyond Finance for New Leadership

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In a Compliance Week article titled, Internal Audit Looks Beyond Finance for New Leadership (4.1.14), Mark Lindig, Accume CEO, is quoted. The article focuses on the evolution of internal audit from a function primarily concerned with financial risks to one that covers a broader array of risks, which has companies looking for internal audit leaders… Read more »

FINRA Cyber-Security Compliance Update

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The financial industries are being increasingly targeted by cyber thieves. This paper focuses on the latest cyber-security requirements for financial institutions with brokers-dealers, investment advisors, and investment funds that are regulated by Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). The Regulators The Financial Industry Regulatory Authority (FINRA) is a self-regulatory… Read more »

Cloud Computing Services: Considerations for Financial Institutions

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Many financial institutions are considering using cloud computing and software as a service outsourcing for non-core banking functions as a means of enhancing the level of service while also reducing costs. Recent advances in cloud computing services have been dramatic, and while much of the news about the cloud involves consumer applications, it is increasingly… Read more »