In the ever-evolving landscape of finance, governance, risk, and compliance (GRC) have emerged as critical pillars that underpin the stability and growth of financial institutions.
As regulatory requirements intensify and risks become more complex, the ability to seamlessly integrate GRC frameworks has become a key differentiator for success. This session delves into the acronyms that have revolutionized the finance industry–from the Bank Secrecy Act (BSA) and anti-money laundering (AML) to know your customer (KYC) and the Federal Deposit Insurance Corporation (FDIC).
We will explore how these regulations and frameworks have reshaped operations, enhanced transparency, and mitigated risks across banks, credit unions, and financial technology companies. Participants will gain insights into the strategic implementation of these regulations, understanding their impact on everything from customer onboarding and deposit security to digital resilience and operational integrity. Whether you’re a finance professional or a GRC specialist, this session will equip you with the knowledge to navigate the complexities of modern financial management.
Objectives:
- Understand the role of AML, BSA, KYC, and the FDIC in transforming financial institutions, including banks, credit unions, and fintech.
- Explore the integration of GRC frameworks to enhance risk management and compliance.
- Identify best practices for implementing AML, BSA, and KYC in finance, focusing on their specific impacts on different financial entities.
- Assess the impact of these regulations on organizational resilience, customer trust, and regulatory adherence.
- Discuss how companies are stepping up their banking as a service (BaaS) business by improving their partner onboarding and partner risk assessment programs.
