We recently benchmarked 6 major financial services firms (all Doculabs clients) and compared their maturity for managing documents...The Best Practices Below I outline 14 best practices in financial services for the major stages of the content lifecycle
Financial services companies are often rife with ad hoc workflows established to solve a particular task that is ultimately performed inconsistently. To ensure organizational efficiency, it is imperative to define and establish workflows with consistency within the financial services industry
Organizations must make sure the content posted to their blogs complies with all applicable regulations – regulations which, in the financial services industry, are stringent, given they’re intended to protect investors from false or misleading claims and representations
No doubt the compliance units at securities firms are scurrying to come up with policies and procedures to address new guidance on the use of social media, issued by the Financial Industry Regulatory Authority (FINRA Regulatory Notice 10-06. It’s a much-needed response to the new...
Banks, credit unions and other financial services institutions lag well behind other industries in taking steps to improve efficiency, decrease wait times and generally speed up processing times
By “most organizations”, I mean most organizations in the document-heavy verticals like financial services, healthcare, and some areas of manufacturing
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Here are the basic steps I’d suggest, and we’ll use a financial services firm as an example. 1...Transaction Types: A typical transaction type for financial services firms is “Money Out&rdquo
We cover a wide range of industry verticals: BFSI - Banking, Financial Services and Insurance, Legal, Manufacturing, Healthcare (including Life Sciences), Government, and many others
These requests (within the Financial Services industry) are likely to emanate from one of the following:- Financial Services Authority (FSA) in the UK Securities Exchange Authority (SEC) in the US Commodities Futures Trading Commission (CFTC) Financial Industry Regulatory Authority (FINRA) HM Revenue and Customs (HMRC) in the UK External Legal Counsel The result of failing to identify/provide the Records when required is likely to be:- reputational risk – the risk of damage to your organisation as a result of negative publicity a fine imprisonment a fine and imprisonment From the above, we can see it is essential to have a defined (and implemented) procedural framework for dealing with e-Discovery requests