Join BearingPoint Managing Director Chris Estes and Manager Eileen Perrin in understanding the UDAP Legislation. In May 2008, the Federal Reserve, OTC and NCUA proposed a regulation under section 5(a) of the Federal Trade Commission Act, affectionately known as UDAP (Unfair and Deceptive Acts and Practices). The proposed regulation addresses overdraft processing and credit card activities.
This regulation will ultimately create pressure on financial institution profitability, resulting in lost fee and interest revenue and increased risk management challenges. UDAP will also require costly modifications to systems and processes throughout the account lifecycle. The financial impact on each institution depends on existing policies & practices. If a financial institution has not yet calculated the financial impact of this regulatory change on their income statement, BearingPoint has created a proprietary model to perform a high level calculation that is directionally accurate.
BearingPoint has created an organizational impact assessment tool to assists our clients in identifying the processes that impact them specifically. Organizations need to align their budgets and their resources to be prepared to support UDAP compliance efforts in 2009. Every institution should start investigating revenue enhancement opportunities and BearingPoint is here to ensure you’re fully equipped when this ...
Join BearingPoint Senior Business Advisor, Larry Taylor, as he explores some of the risk strategies that can assist with market survival. With all the turmoil in the financial services space in recent weeks, it’s important to know how the industry got in to this ‘mess’ to prevent future occurrences. ...
Join BearingPoint Managing Director, Paul Ringmacher, as he discusses how BearingPoint recently helped a major North American bank replace a paper-based loan origination system for its small-business customers.
When completed, the project took small-business banking loan origination to a new level. An inefficient manual, paper-based system was transformed into ...
Join BearingPoint Managing Director, Brian Hart, as he explores the importance of an adequate risk and performance platform and how it can help companies deal with the credit crisis. Given the scope, depth, and length of this crisis, our clients are clearly being forced to re-examine how they conduct ...
Join BearingPoint Managing Director, Lowell Alcorn, as he explores the strategies needed to understand loss mitigation. In recent weeks we’ve seen all the turbulence within some huge financial services organizations, and many are wondering what lessons can be learned from this crisis. When speaking with Lowell Alcorn, he explained ...
Join BearingPoint managing director Sandeep Vishnu as he explores risk strategies for market survival. With all the turmoil in the financial services space in recent weeks, everyone is wondering how we got into such a mess. What began as a contained subprime crisis has spilled over into all segments ...
Join BearingPoint Managing Director and Senior Vice President of Global Markets, Peter Horowitz, as he explores the recent credit crisis and its contributors. With all the turmoil in the financial services space over the past few weeks, it seems that one must look at the source of the problem to ...
Join BearingPoint Senior Manager Pat Tobin as he explores the importance of Information Lifecycle Management (ILM) and how it can directly impact your bottom line. With a 50 percent growth in storage data of companies in recent years, the ILM Solution has evolved heavily over the past seven years. ...
Join BearingPoint Managing Director Greg Molley to explore the importance of Business Intelligence (BI) and how it can exponentially benefit your organization. In today’s challenging business market, the level of what’s available within a company is now more important than ever. Organizations are faced with increasing costs and no ...
In this video we hear from Sudip Chahal, principal engineer with the Intel IT Enterprise Architecture Group, talking about a new white paper from IT@Intel, “Evaluating Two- and Four-Socket Server Virtualization Platforms.” Chahal talks about the proof of concept testing and total cost of ownership analysis conducted in order ...
This is the last in a series of three videos from IT@Intel, each featuring Omer Ben-Shalom, Principal Engineer with the Intel’s Information Technology Group. In these videos Omer demonstrates how Intel vPro technology System Defense filtering can be integrated with Security Event Management systems to improve corporate response capabilities to ...
Join BearingPoint Business Advisor Delia Klause to explore the benefits of fraud management and why discovering fraudulent activity within your organization is so critical. Fraud is an ever-increasing problem in the financial services field, and the growth of fraudulent behavior just shows how difficult it sometimes is to prevent ...
This is the second in a series of three videos from IT@Intel, each featuring Omer Ben-Shalom, principal engineer with Intel’s Information Technology Group. In these videos Omer demonstrates how Intel vPro technology System Defense filtering can be integrated with Security Event Management systems to improve corporate response capabilities to ...
Join BearingPoint Senior Vice President Marcel Nickler as he explores the importance of IT governance. In today’s difficult economical environment, there is a lot of pressure to deliver more services and performance with less or limited resources. There is also a clear expectation towards IT, which is that the services ...
This is the first in a series of three videos from IT@Intel, each featuring Omer Ben-Shalom, Principal Engineer with Intel’s Information Technology Group. In these videos, Omer demonstrates how Intel vPro technology System Defense filtering can be integrated with Security Event Management systems to improve corporate response capabilities to ...
Intel this week announced the release of its newest mobile technology, Centrino 2. Centrino 2 features an enhanced CPU utilizing Intel’s 45 nanometer technology, new graphics and chipset, and more powerful wireless connectivity. This latest version of the Centrino platform will lead the way as consumers continue to demand more ...
Join BearingPoint Director Matthew O’Mara to explore speed to market and why it’s such a hot topic in today’s insurance industry. With many clients not fully understanding what it is and why it is needed, speed to market, as the term implies, refers to a company’s ability to develop and ...
Global enterprises require a flexible enterprise mobility strategy that enables on-the-go employees to easily, rapidly and securely connect to corporate resources in a seamless manner. As a leader in delivering global enterprise mobility solutions, Verizon Business offers a comprehensive array of enterprise mobility services that can deliver big benefits ...
In this video podcast, Diane Bryant, Intel Corporation’s recently-named chief information officer, discusses the role of IT in the enterprise today. Bryant sees three main functions for Intel’s IT organization, beginning with the company’s strategy for driving business growth. That centers upon ultra low-power devices in support of ...
Join BearingPoint Managing Director Terence Oi, and ColdSpark Founder and CTO Scott Brown in this podcast as they explore ColdSpark’s solution suite and how it has helped build a solid relationship between both organizations. BearingPoint and ColdSpark have joined together to provide offerings designed to help clients generate revenue, increase ...
In this podcast, enterprise architecture expert Steven Kahn discusses some of the findings that went into the recently published, An Implementor’s Guide to Service Oriented Architecture - Getting it Right, produced by BearingPoint, Composite Software and other contributors. The bottom line: successful implementation of an SOA system ...
As the operator of the world’s most connected IP network, thousands of enterprises around the world rely on the reliability and availability of Verizon Business networks. In order meet these critical requirements, Verizon Business has a highly developed business continuity and emergency preparedness program. In this podcast, Jeannie Diefenderfer, Verizon ...
Join BearingPoint Senior Manager John Gill as he explores Information Management, but more specifically, the importance of BI and Performance Management. Information Management is focused on identifying the best way to get information to the proper channels. In many instances, this involves looking at three keys areas; analytics, ...
Join BearingPoint senior manager Marianne Lamkin as she explores the role of a mortgage servicer and why the role is so important. Typically, a mortgage servicer collects payments from the borrowers, and above all, manages the day-to-day relationship. When a borrower cannot commit to a payment schedule or has come ...
Join BearingPoint senior manager Larry Taylor as he explores the importance of managing reputational risk. Reputational risk is a term that is typically used to identify the result of something that changes the perspective of a company. A prime example is the recent credit crisis. Even companies that were not ...
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