Sep 25, 2024
We are seeing a rapid shift in the way financial institutions interact with their customers and conduct business to a more remote, online delivery model. Not that these capabilities haven’t always been present, but since the pandemic, much more business is conducted remotely, and this is a trend we can expect to continue. What are the requirements to keep in mind when conducting business in this fashion?
What challenges exist to remote business interactions? For starters, there are Bank Secrecy Act issues when opening accounts and maintaining relationships with customers who are never seen.
The rise in electronic transactions means increased attention to Regulation E compliance, for example, especially when it comes to handling disputes (which are expected to increase in number). The provisions of the E-SIGN Act must be followed to the letter as well. In lending, there is now the capability to originate a loan from application to closing without ever meeting the borrower (and this includes notarization).
Wednesday, September 25th, 2024
11:00 am - 1:00 pm
What You'll Learn
Who Should Attend
Deposit operations, deposit compliance, branch administration, new accounts, training, personal bankers, and anyone who opens accounts for nonresident aliens will benefit from this session.
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380