The Chicago based-startup’s Sonar technology aggregates data from millions of payment card transactions to provide smaller institutions with an efficient system for preventing payment fraud.
Published after 20 months of development, the new version of the CCM solution includes more than 500 new enhancements and 25 major new features.
Newly added advanced scenario analysis and custom risk reporting is designed to enable better investment decisions.
The firms are taking new approach to generating multiple valuations and applying financial steering methods enabling processes to be automated and controlled in a simple, effective way.
Abend served as Senior Critical Infrastructure Officer at the U.S. Department of Treasury advising U.S. banking regulatory principals on cybersecurity.
The certification is likely to be a selling point for vendors who have it, and a means of reassuring insurers that they can embrace the cloud without sacrificing security or compliance.
The company, which launched in New York State in Sept. 2016, vaunts its use of artificial intelligence and behavioral economics as enabling it to scale rapidly.
The insurance sector has been transformed over the past several years by advances in technology and new regulations. Property/casualty insurers and health insurance companies alike have had to grapple with new rules and shifting cost models.
Consedine’s responsibilities will include outreach to federal and international policymakers, state government associations, as well as consumer and industry representatives.
The new features enable greater compliance coverage across social media content and use predictive analytics to enable compliance teams to more accurately and quickly evaluate content changes on advisors’ social media profiles.