Insight Center

Internal bank fraud accounts for more than $1 million in annual losses. And this doesn’t include account holder information that’s stolen or the cost of reputational damages to financial institutions. Fortunately, there are several steps that banks and credit unions can take to limit it.

Fees are now — and will continue to be — a major revenue driver for financial institutions. How well you manage them and disclose them will determine whether you remain compliant with the CFPB and avoid hefty fines and other punitive actions.

We know where data breaches leave businesses and consumers, but where do they leave financial institutions, many of whom supply data to third party vendors on a daily basis? Likely, it leaves many evaluating their own governance, risk, and compliance policies when it comes to how they manage account holder data.