Regulatory compliance is always top of mind in the financial services industry, and all the more so this year, with the sweeping, and sometimes conflicting, changes that many expect on the American political landscape...
Archive - January 2017
2016 Vendor Risk Management Benchmark Study Results Released
Protiviti and the Shared Assessments Program recently released the results of our jointly conducted 2016 Vendor Risk Management Benchmark Study. This is the third year that Shared Assessments and Protiviti have...
Bank Charters for Fintech Companies Top January Compliance News
In December 2016, the Office of the Comptroller of the Currency (OCC), which oversees many of the largest banks in the country, released its plans to consider granting special-purpose national bank charters to a broad...
IT Innovation, Part 2: Maximizing the Value of Security Investments
As my colleague Ed Page indicated in his January 11 post, digital transformation represents one of the biggest innovation opportunities of the 21st century, and failure to respond quickly to innovation opportunities is...
Considerations for SOC 2 Readiness
As more organizations trade in-house IT applications, systems and related processes for third-party services to enhance capabilities, simplify operations and lower costs, it is critical to demonstrate that data and...
Managing Your Organization’s Culture During Rapid Growth
Early in December 2016, I had the pleasure of leading an in-depth webinar exploring how fast-growing companies can prepare for challenges related to changes in their culture and talent requirements, particularly when...
IT Innovation: Does Your IT Budget Have Room for It?
One of the budget struggles chief information officers are continually faced with is reducing operating costs to make room for innovation. And while several studies, including our own, show that they have succeeded in...
2017 Perceived as Riskier by Top Executives, Survey Results Say
Political and economic instability, cyberattacks and disruptive change have global executives and board members on high alert for the year ahead, according to research from Protiviti and North Carolina State...
Compliance Insights Latest: Regulator Warns on Sales Incentives, New York Fed on Ethics, and More
Culture and ethics are important in financial services; this much has always been clear to anyone working in the industry. Consumers and businesses alike place a great deal of trust in the system, and continue to hold...