Karl joined BAI in 2014 with more than 20 years of experience in the banking, payments, and software industries. Karl leads the BAI Learning & Development line of business and is focused on giving financial services leaders the powerful tools they need to confidently manage their compliance training. His background includes leadership roles with ABN AMRO North America, and a technology start-up serving the financial payments industry.
Whether by ignorance, uncertainty or even fear, some banks are late to AI. Here’s what they stand to gain by getting on board—now.
A new administration has promised to strip back financial industry regulations. But meanwhile, banks must prepare rather than predict.
Although the deadline for complying with the revised Home Mortgage Disclosure Act (HMDA) is two years away, lenders would be well advised to focus on it now.
As compliance pressures mount, banks are relying on their frontline employees to be more knowledgeable and disciplined about handling potential regulatory issues.
Instilling a compliance culture in a bank can not only help the organization avoid regulatory fines but also potentially lead to a better customer experience and more robust bottom line.