Risk & Compliance Roundup: Findings Management, Compliance Collaboration, AI Risks
- October 4, 2024
- Quantivate
Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.
This edition covers topics including:
New from the Nsight Blog
6 Findings Management Practices Examiners are Looking for at Financial Institutions
Want to ace your next examination? This article reveals six key practices examiners are looking for in financial institutions’ findings management processes. Discover how to demonstrate your institution’s commitment to compliance and safety through proactive management and clear communication with examiners.
Related Reading | The High Costs of Repeat Findings and How to Avoid Them →
Advice for Compliance Officers: How to Foster Productive Business Relationships
Discover how compliance officers can foster productive partnerships with the board, senior management, and business units. Learn practical strategies for positioning compliance as a valuable resource rather than an adversary.
Top Picks from the Archive: AI Risks
Explore some of our most popular articles on the role and risks of artificial intelligence in the banking industry.
The Risks of AI in Banking
Curious about how AI could impact your financial institution? Explore the potential risks and regulatory considerations of implementing artificial intelligence in banking. Learn about the importance of approaching AI adoption with a thoughtful, risk-based strategy that balances innovation with sound risk management practices.
AI Is Already Costing Financial Institutions Millions: Here’s How to Manage the Risks
Discover how artificial intelligence is already costing banks and credit unions millions — even those not directly using AI technology. From deepfake fraud to regulatory issues with AI-powered underwriting, learn about emerging risks and practical strategies to protect your institution.
Regulating the Future: What Financial Institutions Need to Know About AI and Regulatory Risks
Are you ready to navigate the regulatory landscape of AI in financial services? This article breaks down key compliance concerns, from cybersecurity risks to fair lending practices, and offers insights on how financial institutions can prepare. You’ll learn about recent developments, including the U.S. Treasury’s report on AI risk management and the expanding role of the NIST Cybersecurity Framework.