During his presidential campaign, Donald Trump promised to reduce U.S. trade deficits with China and address China’s perceived unfair trade practices. The two countries have been at odds over trade for more than a year...
Archive - August 2019
Cybersecurity: The Other Side of Data-Driven Customer Experience
Which of these statements is true? “Customers love when retailers provide them with a better shopping experience. Online, customers value the convenience of buying and shipping merchandise with a few clicks;...
Ethical AI – The Good, the Bad, and the Moral Imperative
Artificial intelligence (AI) is revolutionizing the way companies do business. It is helping companies improve decision making, increase customer retention, bring new products to market more quickly, and experience...
FDIC and OCC Approve Volcker Rule Overhaul, Easing Restrictions on Bank Trading Activities
On August 20, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) approved a set of changes to the Volcker Rule’s proprietary trading and compliance provisions. The...
Panel Discussion on FAIR Methodology Sparks Lively Interest: Key Takeaways
At the most recent meeting of the San Francisco Bay Area Chapter of the FAIR Institute, a group of local practitioners, analysts and C-level executives gathered for a panel discussion on the Factor Analysis of...
CECL – A Regulators’ Perspective
In July, we had the pleasure of hosting a panel discussion with financial regulators in Protiviti’s San Francisco office. The discussion was attended by representatives from 25 banks and financial institutions...
RPA or AI? To Achieve Most Automation Goals, You Need Both
Discussions of robotic process automation (RPA) and artificial intelligence (AI) tend to follow separate tracks. This has been a function of the way these technologies have been marketed and sold. This is changing as...
Compliance 2.0: Transforming SOX Practices With Technology
Organizations have been getting better and more efficient at Sarbanes-Oxley (SOX) compliance practices for the past 17 years since SOX was implemented. Nonetheless, with control counts rising and external auditor...
FASB Proposes Delaying New Lease Standards for Private Companies, But There’s No Time to Waste
At the start of 2019, the implementation deadline for the Financial Accounting Standards Board’s (FASB) new lease accounting standard passed for most public companies. FASB has proposed postponing the effective...