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  • Blog
    April 24, 2018
    Managing the New Currency: Developing a High-Performing Data Management Organization
    These days, the hot analogy in the analytics industry is that “data is the new oil.” Like oil, data must be found, extracted, refined and distributed. More companies are investing heavily in cutting-edge technologies like machine learning, artificial intelligence and big data processing to help them harvest, groom and apply data to the correct use case for maximum value. So why, then, in the…
  • Blog
    April 26, 2018
    Internal Audit Capabilities and Needs: Great “Tech-spectations”
    With a growing number of companies investing in cloud adoption, digitalization and data-intensive projects, Protiviti’s 2018 Internal Audit Capabilities and Needs Survey makes it clear that internal audit has arrived at a point where it needs to evolve its analytics and technological proficiency among all individuals within the function, as opposed to relying on a single technology “specialist…
  • Blog
    May 1, 2018
    Are You Ready for CECL Model Validation? The Answer Is a Resounding ... Maybe.
    Whether financial services organizations are prepared for the impact of the Current Expected Credit Loss (CECL) standard is a hot topic of conversation. The standard, issued in June 2016 by the Financial Accounting Standards Board (FASB) and set to take effect in 2020 for SEC registrants and 2021 for all other banks, represents a significant shift in how organizations account for expected…
  • Blog
    May 3, 2018
    Risk, Strategy, Culture: Internal Auditors Shoot for the Stars
    It is an amazing and exciting time to be an internal auditor. This is not a facetious statement. Stakeholder expectations are rising, creating opportunities for internal auditors to expand beyond their traditional role of policing internal control frameworks and consult at a high level in the organization and on a wide range of executive and board priorities. Audit plans are becoming…
  • Blog
    May 10, 2018
    The Ideal Workforce: Why a 30-Year-Old Employment Model Is Relevant Again
    It’s been nearly 30 years since Charles Handy first described what he calls the “shamrock organization” in his groundbreaking book, The Age of Unreason, in 1989. The model calls for envisioning any organization’s workforce as a shamrock, whose three leaves are identified as the professional core, the contractual fringe and the flexible workforce: The professional core are highly compensated…
  • Blog
    May 11, 2018
    Regtech Investment Is Increasing, But Leaders Are Still to Emerge
    While much of the conversation around financial technology (fintech) has focused on the consumer experience and revenue enhancement, many of those same innovations — robotic process automation, machine learning, natural language processing and data analytics — are being applied with great success to regulatory technology, or regtech. Regtech is not just about applying technology to current…
  • Blog
    May 14, 2018
    Keeping Up With Sanctions Compliance – The UK’s Evolving Approach
    A few weeks ago, Protiviti hosted a breakfast briefing in London, focusing on the topic of the rapidly evolving financial sanctions regime in the UK. David McLean, Joint Deputy Head of the Office of Financial Sanctions Implementation (OFSI) and Head of Enforcement and Engagement, discussed the overall framework and recent developments. Tasnoova Zaki, a manager with Protiviti’s Risk and Compliance…
  • Blog
    May 16, 2018
    From User Provisioning to Invoice Processing and Supplier Screening: The Opportunities of RPA Do Seem Endless
    I sat down earlier this week with one of my colleagues to discuss the possibilities of RPA that we, here at Protiviti, are really excited about – listen to our conversation below and let us know your thoughts. [audio mp3="http://blog.protiviti.com/wp-content/uploads/2018/05/PowerfulInsightsRPA.mp3"][/audio] [Podcast Transcript] Kevin Donahue: Hello, this is Kevin Donahue, senior director…
  • Blog
    May 17, 2018
    U.S. Beneficial Ownership Rule: Two Exceptive Relief Rulings in the First Week
    On the same day – May 11, 2018 – that FinCEN’s Customer Due Diligence rule, commonly referred to as the beneficial ownership rule, became effective, FinCEN issued exceptive relief from the beneficial ownership requirements for premium finance lending products that allow for cash refunds. Premium finance lenders provide short-term loans to businesses to cover their annual insurance premiums.…
  • Blog
    May 18, 2018
    Time for Technology Companies to Commit to Women in Leadership Roles
    In the digital age, technology companies face relentless pressure to innovate before they are out-innovated or wholly disrupted. But many tech firms, by not making a concerted effort to assemble diverse leadership — including recruiting more women for senior executive and board roles — are undermining their ability to compete. They are also risking their long-term survival. That includes both…
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