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:
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.
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).
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.
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).
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:
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:
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:
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).
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.