Press
5 new online videos added to Risk Watch series
FREDERICK, MD (September 2, 2014) — Over the past five weeks, AffirmX has continued releasing its series of educational videos called Risk Watch. The videos can be found here.
RISK WATCH 23: SEVEN DEADLY CTR SINS
This addition to the Risk Watch series discusses the seven deadly CTR sins—and no, they aren’t gluttony or greed! Analyst Rachel Osborn details the seven common errors she sees institutions make in their currency transactions reports.
RISK WATCH 24: PROPOSED RISK-BASED CAPITAL RULE: WHAT YOU NEED TO KNOW IN LESS THAN 9 MINUTES
This video boils down all the material written about the controversial risk-based capital rule proposal to its most important points. Senior Vice President and In-House Counsel Jane Pannier reduces the confusion about the rule proposal in less than 9 minutes.
RISK WATCH 25: THE SCOOP ON FINCEN’S NEW “SAR STATS”
FinCEN’s “By the Numbers,” a quarterly publication that tracks trends in the nation’s suspicious activity report filings, has a new name: “SAR Stats.” But it’s not just the name that’s changed. In this episode of Risk Watch, AdvisX Analyst Cody Knudsen walks us through what’s new in “SAR Stats” and how you can put its information to good use for your financial institution.
RISK WATCH 26: SAFE ACT EXCEPTIONS
They say there’s an exception to every rule. In the case of the Secure and Fair Enforcement for Mortgage Licensing Act, or SAFE Act, there are actually TWO major exceptions to keep in mind, especially if yours is a smaller financial institution. In this episode, AffirmX Analyst Abner Rangel shares what those exceptions are and what potential pitfalls they present.
RISK WATCH 27: HOW TO KNOW WHEN YOU HAVE A COMPLETE LOAN APPLICATION
In the world of residential lending, loan officers frequently trip up when it comes to knowing when they’re dealing with a full-fledged application. Join Alberto Gamez, AffirmX’s Director of Sales and a 22-year mortgage specialist, to learn a simple trick to knowing when you have a complete loan application.
THE SERIES
“The ‘Risk Watch’ video series is just one of the ways our team of experts is helping financial institutions proactively address compliance challenges,” said Ken Wolff, CEO of AffirmX, which sponsors the series. ”We encourage credit unions of all sizes to take advantage of these educational resources and contact us to learn more about our solutions.”
AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business.
Subscribe to www.riskinbox.com for email updates on what’s hot right now in compliance and risk for credit unions. For more information on AffirmX’s unique compliance solutions and consulting services, visit affirmx.com or advisx.com.