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Advisory and Consulting

Depth and Breadth of Risk Experience and Knowledge

Risk comes in many forms, requiring specialized knowledge to stay safe from financial and reputational harm. Many financial institutions lack the expertise to combat burgeoning cybercrime; navigate market conditions that are out of their control; handle unexpected enhanced regulatory scrutiny; and manage operational risks inherent in the business. FIS™ consulting services offer these benefits:

  • Benefit from the deep expertise of a team that comprises former regulators, examiners, auditors, attorneys, bankers, law enforcement and consultants, all with years of experience solving risk challenges.
  • Realize the advantages of solutions that are tailored specifically to your institution’s individual size and needs.
  • Experience immediate results based on our extensive knowledge base of industry-leading best practices.

Anti-Money Laundering

A Proven Approach to Meet Your Unique Needs and Risks

The lack of a sound program to oversee Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws and sanctions represents reputational, financial and regulatory risks. FIS™, with its deep knowledge base of industry-leading AML best practices, can help you establish and maintain programs to prevent money laundering and terrorist financing activity while ensuring compliance.

  • Benefit from the experience of former state and federal regulatory examiners and BSA/AML officers from foreign and domestic financial institutions.
  • Rely on our extensive team of AML experts with dozens of look-back reviews and experience successfully remediating regulatory enforcement actions.
  • Gain the ability to outsource BSA/AML and sanctions activities, including transaction monitoring alert analysis and review, suspicious activity report (SAR) drafting, customer due diligence (CDD)and OFAC testing.
  • Compliance staffing support; e.g., BSA/AML officers, subject matter experts and analysts.

The FIS Center for Regulatory Intelligence publishes monthly Regulatory Intelligence Bulletins (RIBs) on anti-money laundering and other topics related to Risk, Information Security and Compliance (RISC).


Compliance

Easing the Burden of Regulatory Requirements

The regulatory environment is increasingly complex and always changing, and failure to maintain compliance carries stiff financial and reputational consequences. FIS™ can help you assess your risk, develop a comprehensive compliance plan, establish policies and procedures, train your staff, monitor and test your program, generate management reports and successfully respond to regulatory exams.

  • Benefit from the expertise of our compliance team that comprises former regulators and bank compliance officers.
  • Realize the advantages of solutions that are tailored specifically to your institution’s individual size and needs.
  • Experience immediate results based on our extensive knowledge base of industry-leading best practices covering consumer compliance, fair lending, HMDA, CRA, UDAAP, CFPB regulations and loan servicing.
  • Rely on our extensive team of compliance experts with dozens of look-back reviews and experience successfully remediating regulatory enforcement actions.

The FIS Center for Regulatory Intelligence publishes monthly Regulatory Intelligence Bulletins (RIBs) on cybersecurity and other topics related to Risk, Information Security and Compliance (RISC).


Cybersecurity

Assessing and Mitigating Your Vulnerabilities

In the wake of high-profile data breaches, regulatory exams are tougher than ever. Our FIS™ consultants can help you analyze millions of records to detect critical vulnerabilities and trigger alerts for case management, forensics and risk mitigation action. Here are ways we help you pass exams and avert catastrophe:

  • Current FFIEC Cybersecurity Assessment – Knowledgeable cybersecurity experts who can help you complete your assessment before your next exam to meet and exceed regulatory expectations
  • Cyberattack preparedness – Penetration tests or reverse stress tests to identify blind spots, significant vulnerabilities and gaps in controls
  • Cybersecurity exam readiness – Mock exams under the enhanced standards to help you fully prepare for a successful federal or state cybersecurity exam
  • Protection from loss – Preparation of a risk mitigation action plan that can safeguard your institution

Enterprise Risk Management

Risk Assessment, Planning, Execution and Reporting

Given the increased scrutiny on financial institutions, transparency and compliance are critical. FIS™ can help you review your existing programs; assist with internal audit assessments; train your staff on best practices; and enable you to plan, execute and report on key areas. Our seasoned professionals can help you:

  • Design and implement a practical ERM program that is scalable, sustainable and reflective of your risk profile.
  • Identify, measure and monitor risks.
  • Set risk appetite tolerance and key risk indicator thresholds.
  • Automatically trigger alerts.
  • Accomplish your strategic business objectives while managing the associated risks.
  • Analyze your existing ERM program against industry benchmarks to identify opportunities for enhancement.

Fair Lending

Strong, Scalable and Sustainable Programs

Recently, regulators have stepped up fair lending enforcement actions. Redlining, reverse redlining, pricing disparate impact, practices that discourage applicants, and disparate treatment in loan servicing are fair lending risks that require a proactive, practical approach to mitigating these risks. Our Fair Lending experts, many former regulators, offer these benefits:

  • A deeper understanding of your risk – We will conduct a fair lending risk assessment based on enhanced regulatory expectations and your institution’s size, complexity and business activities.
  • Identification and resolution of problematic policies and procedures – We’ll review your current policies and procedures in detail to find potential fair lending problems and recommend ways to prevent them.
  • Effective monitoring and reporting – We’ll prepare you for ongoing enhanced fair lending monitoring and testing based on your risk profile.
  • Fair Lending reviews – We’ll analyze your data and identify problematic patterns or practices using the latest techniques and tools, such as our proprietary BISG Analyzer, to detect and remediate issues before the examiners find them.
  • Download our 160-page TRID Guide to Getting it Right

The FIS Center for Regulatory Intelligence publishes monthly Regulatory Intelligence Bulletins (RIBs) on UDAAP, Fair Lending, TILA-RESPA and other topics related to Risk, Information Security and Compliance (RISC).


Regulatory Remediation

The Support You Need for Achieving and Maintaining Compliance

Many financial institutions face mandates from examination findings or enforcement action to promptly and effectively remediate non-compliance or face even harsher penalties. This daunting task requires a large team of experienced experts with immediate credibility with the regulators. FIS™’ highly specialized team of compliance experts and former regulators can help you accurately identify and properly remediate all errors in a timely manner.

  • Benefit from the deep expertise of a team that comprises former regulators, examiners, auditors, attorneys, bankers, law enforcement and consultants, all with years of experience solving risk challenges.
  • Realize the advantages of solutions that are tailored specifically to your institution’s individual size and needs.
  • Experience immediate results based on our extensive knowledge base of industry-leading best practices.
  • Provide clients, regulators, the board and executive management with the reassurance they need.
FIS Regulatory Remediation Solutions