Ncontracts | Risk and Vendor Management Blog
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Ncontracts risk and vendor management blog is a resource for banks, credit unions and other industries on news and information. We provide enterprise risk & vendor management software & services to make it easy for banks & credit unions to assess, monitor & mitigate risk.
Ncontracts | Risk and Vendor Management Blog
3d ago
You probably don’t give much thought to your bank-owned life insurance policy (BOLI). Why would you? Insuring senior banking leadership and board members is a routine, check-the-box kind of activity that usually only comes up when it's time to renew your policy ..read more
Ncontracts | Risk and Vendor Management Blog
5d ago
Vendors make promises. They say they’ll comply with applicable laws and regulations and that their security controls are impenetrable. They swear they’ll never violate the terms of their contract. But is that really what’s going to happen? ..read more
Ncontracts | Risk and Vendor Management Blog
1w ago
Want to know where other financial institutions are making compliance missteps? The FDIC’s annual Consumer Compliance Supervisory Highlights 2024 shows problem areas during last year’s exams, giving FIs a compliance roadmap for this year. ..read more
Ncontracts | Risk and Vendor Management Blog
2w ago
Risk is inescapable in banking, but this doesn’t mean financial institutions can’t manage it more effectively. With the right risk assessments, FIs can better identify and control risk, taking the critical first step toward building a comprehensive risk management program. ..read more
Ncontracts | Risk and Vendor Management Blog
2w ago
With March’s big Section 1071 final rule release by the Consumer Financial Protection Bureau, it’s understandable if you’ve missed some of April’s regulatory news. ..read more
Ncontracts | Risk and Vendor Management Blog
2w ago
We recently heard a credit union CEO say: “We are a credit union. We wouldn’t hurt our members, so we don’t have to worry about fair lending.” ..read more
Ncontracts | Risk and Vendor Management Blog
3w ago
Lawmakers and regulators have been making a big push to eliminate “junk fees.” Following the Biden administration’s lead, legislators and the agencies are coming after overdrafts and other fees charged by banks and credit unions. ..read more
Ncontracts | Risk and Vendor Management Blog
3w ago
When considering a new product or service, financial institutions often ask potential vendors to complete a request for proposal (RFP). An RPF is a document designed to help determine if a third-party service’s service or product is a good match for an institution’s needs. ..read more
Ncontracts | Risk and Vendor Management Blog
1M ago
The National Institute of Standards and Technology (NIST)Cybersecurity Framework is the gold standard for cybersecurity – and it’s undergone its first major update since it was released in 2014.What does NIST 2.0 mean for financial institutions that rely on NIST’s framework to reduce cybersecurity risk ..read more
Ncontracts | Risk and Vendor Management Blog
1M ago
High-growth RegTech company adds seasoned executive ..read more