Smart Cubes Requirements and Methodology

It’s been several months since COVID-19 disrupted virtually every business we know. It disrupted operations, changed the way customers are served, and profoundly impacted the security of billions of people and thousands of companies.

For several years, professional services firms and associations have been encouraging and even imploring Internal Audit teams to evolve their methodology to keep pace with the changes that are happening within their own organizations.

Lori Lennemann offers insights to lenders for ongoing management of Home Mortgage Disclosure Act data and processes in this article published in the Sept/Oct issue of ABA Bank Compliance magazine. Among her arguments is the importance of establishing a data validation process with the first line of defense.

This episode focuses on how to approach your regulatory change management process, whether automated or manual. Our experts also address the challenges financial institutions are facing as they keep pace with regulatory change during the COVID-19 pandemic.