Mobile Banking Risk Assessment: Meeting the Risk and Compliance Challenges

$299.00
Event ID:18006

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On-Demand (OD)     $299.00
Duration: 90 minutes including question and answer period.
Presenter(s): Kenneth Agle, president, AdvisX
Price: $299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Who Should Attend? Compliance officers, internal auditors, risk officers, electronic banking officers, marketing officers, IT officers, operations officers


Mobile banking adoption is widening and increasing exponentially, but issues remain that require industry awareness and response to promote compliance and reduce associated risks. When research findings discover that 11% of the 350,000 apps related to banking have notable suspicious risks there is little question that the marketplace is concerned. Mobile banking now includes a dizzying array of devices, mechanisms and approaches. Ninety percent of Americans are now actively utilizing smart phones, tablets, computers and wearable devices. It is only a matter of time before mobile banking is the predominant mechanism for many in conducting their bank activities. Financial institutions unable or unwilling to fully support this product may find themselves unable to compete in the market that is quickly demanding the benefits of true mobile banking. Financial institutions that embrace the technology, while not fully dealing with the significant risks, are asking for trouble. Regulators have observed and spoken at length regarding the benefits and risks of emerging technology and are looking for appropriate responses to offset the risks.

This webinar will analyze the risk elements and response mechanisms needed to address those risks. The mobile banking risk assessment is crucial to your financial institution’s survival and assists in promoting the confidence in your institution's mobile banking program that is essential to success. In this webinar, Ken Agle will outline the risk factors inherent in mobile banking and what elements are necessary to respond to those risks. He will demonstrate how to use a mobile banking risk assessment as the primary presentation tool in promoting understanding and expressing the approach of an organization in response to risk factors.

Please join Ken Agle as he provides a comprehensive, detailed overview of the mobile banking issues today and expected in the future as technology expands and how financial institutions can gain and present a sound understanding of associated risks aimed at meeting regulatory expectations.

WHAT YOU'LL LEARN

The best line of defense in risk mitigation is found in first understanding where risks are and then what actions have been taken or are needed to meet those risks. Capturing those elements is the goal of a risk assessment and will be the focus of this presentation that includes:

  • The major risk factors in mobile banking
  • Associated regulations with mobile banking
  • Key strategies for risk mitigation as it relates to mobile banking
  • The most likely technical and substantive violations and the compliance measures associated with mobile banking and how to avoid them
  • How to dot the 'i’s and cross the 't’s when dealing with the fringe elements of mobile banking
  • Practical tips on how to prepare your mobile banking risk assessment
  • AND MUCH MORE!

YOUR CONFERENCE LEADER

Your conference leader for “Mobile Banking Risk Assessment: Meeting the Risk and Compliance Challenges" is Ken Agle. As president of AdvisX, Mr. Agle brings over 27 years of financial institution experience covering numerous facets of financial institution operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to his consulting experience, Mr. Agle had been a financial institution examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including safety and soundness, compliance, BSA, IT and trust.

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CERTIFICATES OF PARTICIPATION

BankersWEB certificates of participation are available to everyone completing this webinar.