What is Enterprise Change Management and How Does It Work? Posted12/16/2024 3:20:45 PM https://hubs.ly/Q02_R0m50 Growth thrives on change, and in the dynamic financial services industry, change is not only inevitable but essential. Institutions of all sizes regularly deal with changes. While some changes are minor, others significantly impact a financial institution’s (FI) critical activities, which can lead to increased risk in multiple areas across many departments. So, how can FIs effectively manage these changes and mitigate risk? Enter enterprise change management. In this post, we’ll explore what qualifies as a significant change, how enterprise change management (ECM) works, what regulatory agencies say about ECM, and how FIs can use those insights to create an ECM plan to meet their needs. Posted byNcontracts Read More
High-Risk Vendor Identification Checklist Posted12/2/2024 4:37:54 PM https://hubs.ly/Q02-305s0 A high-risk vendor (AKA a critical or significant vendor) requires strong oversight and controls that vary depending on the size and complexity of the risk they pose. Download this free checklist to identify your high-risk vendors. Posted byNcontracts Read More
On Demand Webinar: What Does Resilience Look Like? Building Future-Proof Financial Institutions Posted11/25/2024 4:20:41 PM https://hubs.ly/Q02Z6FcZ0 Today’s financial institutions need to be able to adapt to a changing world. From unexpected events to gradual shifts in consumer behavior and the operating environment, resilient financial institutions are prepared to deal with everything from operational disruptions to financial risk.In this On-Demand webinar, our panel of experts will highlight strategies for fostering resilience and maintaining stability in an ever-changing risk landscape.Topics covered include:- Mastering business continuity for seamless operations- Strengthening disaster preparedness and tackling climate risk effectively- Navigating high-profile reputation, safety, and soundness issues with confidence- Managing concentration and liquidity risk to maintain financial stability- Optimizing Risk Performance Management (RPM) for a secure futureSpeakers include:- VP of Industry Engagement, Rafael Leon- Risk Management Expert, Monica Bolin- Senior Business Advisor of Risk Services, Steve Fochler Posted byNcontracts Read More
OCC Emphasizes Risk Management Lifecycles in 2025 Supervisory Priorities Posted11/19/2024 2:21:12 PM https://hubs.ly/Q02YNb980 Does your bank take a reactive approach to operational risk and compliance risk? If so, this approach might address issues as they arise, but the Office of the Comptroller of the Currency is concerned it could leave gaps in your ability to anticipate and mitigate future risks effectively. That’s a key takeaway from OCC’s 2025 Bank Supervision Operating Plan, which highlights the areas where the agency’s examiners will be focusing their attention over the next year. This year’s document is loaded with new references to risk management. How should the OCC’s priorities inform your bank’s operational risk and compliance management strategies going forward? Posted byNcontracts Read More
The Upside of Compliance Posted10/10/2024 12:24:27 PM https://vimeo.com/1012783399 Check out this quick video about The Upside of Compliance: Empowering Financial Institutions to Thrive, the latest must-read for compliance professionals. Packed with practical insights and real-world examples from Ncontracts’ Stephanie Lyon and Michael Berman, this book is your go-to guide for compliance success. Watch the video to learn how the practical advice and insights from their decades of experience is a game-changer for compliance management. Posted byNcontracts Read More
Ncontracts’ VP of Compliance Stephanie Lyon and Founder & CEO Michael Berman Publish New Book, The Upside of Compliance Posted10/1/2024 4:04:17 PM https://www.ncontracts.com/nsight-blog/press-release/stephanie-lyon-michael-berm... BRENTWOOD, Tenn., September 30, 2024 — Ncontracts, the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, is pleased to announce the release of a new book, The Upside of Compliance: Empowering Financial Institutions to Thrive. Posted byNcontracts Read More
Ncontracts acquires Venminder via Hg buyout Posted9/4/2024 9:00:46 AM https://www.ncontracts.com/nsight-blog/press-release/ncontracts-acquires-venmind... Ncontracts, a leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced today that it has acquired Venminder, a unified platform for managing third-party risk. Simultaneously with this transaction, Hg has bought out prior Ncontracts shareholder Gryphon Investors (“Gryphon”), as well as prior Venminder shareholders. Hg is a leading investor in software and services businesses and is backing Founder and CEO, Michael Berman, to lead the combined business, which promises to deliver more value to customers via these expanded capabilities. Posted byNcontracts Read More
Ncontracts Named to Nashville Business Journal's Fast 50 List Posted8/29/2024 2:04:26 PM https://www.ncontracts.com/nsight-blog/press-release/ncontracts-named-to-nashvil... Ncontracts was ranked #3 on this year’s Fast 50, an improvement from the #4 spot in 2023, highlighting the company’s significant growth and impact in the Nashville area. This announcement comes on the heels of being named to the Inc. 5000 earlier this month for the sixth year in a row. Posted byNcontracts Read More
Ncontracts Named to Inc. 5000 for a Sixth Year Posted8/28/2024 12:59:40 PM https://www.ncontracts.com/nsight-blog/press-release/ncontracts-named-to-inc-500... Ncontracts, the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, has been named to the Inc. 5000 list for a sixth consecutive year. Posted byNcontracts Read More
Choosing the Right Risk Management Framework for Your Financial Institution Posted6/4/2024 11:10:45 AM What’s the difference between Enterprise Risk Management (ERM), Integrated Risk Management (IRM), and Governance, Risk, and Compliance (GRC)? Does it really matter if financial institutions use one of these risk management frameworks?As it turns out, it does. Selecting the right risk management framework empowers financial institutions to meet their strategic goals and achieve better business outcomes. This article will guide you through which risk management framework is the best fit for your institution Posted byNcontracts Read More
1071 Update Posted5/28/2024 10:23:52 AM https://www.ncontracts.com/nsight-blog/1071-update What’s the status of 1071? My financial institution is a small business lender that meets the thresholds for a Covered Financial Institution. What should we do about 1071?How is Ncontracts preparing for 1071 implementation? Posted byNcontracts Read More
Risk Performance Management Suite Posted1/31/2024 8:36:36 AM https://vimeo.com/832055623 Ncontracts’ powerful suite combines risk, compliance, vendor, and findings management solutions to drive efficiency and build a risk management culture resulting in smarter, faster decisions. Posted byNcontracts Read More