Tom Hinkel, Director of Compliance

Compliance with the update to Internet Banking Authentication regulations begins January 2012, and judging by the number of searches for “internet banking risk assessment” being directed to the ComplianceGuru site it is definitely an area of concern for financial institutions. I have a number of resources to help you get either started (or stay on track) with your compliance efforts:

Interpreting The New FFIEC Authentication Guidance – 5 Steps to Compliance

Risk Assessing Internet Banking – Two Different Approaches

Online Transactions – Defining “Normal”

I have also developed a couple of risk assessment worksheets that a number of you have already downloaded, but here they are in case you need them.

If you need additional assistance beyond these resources, Gladiator has a complete Internet Banking compliance package available, including policies, procedures and much more. Contact your Account Manager for details.

Finally, I’m expecting an eventful regulatory year next year, as additional rules emerge from Dodd-Frank, and the regulators turn their attention from asset quality to relatively neglected areas like policies and procedures. Examiners will expect proof that you are following your own procedures.

Here’s hoping your audits and examinations are trouble-free, and wishing you all the best in 2012! We’ll be with you every step of the way!

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