RDC Risk Management and FFIEC Compliance: It is harder than you


Presented by: Paul Carrubba and Dan Fisher

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The FFIEC has impacted check image processing by expanding the definition of Remote Deposit Capture to include any form of deposit document imaging. Institutions must now include all technologies in their compliance program that scan and digitize deposit documents as part of their FFIEC Risk Management of Remote Deposit. It is more than commercial customers!

This program is designed to assist financial institutions in understanding the FFIEC guidance and how to develop a successful Risk Management of Remote Deposit Capture compliance program. This presentation will cover all forms of imaging technology that is prevalent today and will provide the webinar participant with clear understanding of the compliance implications.

This session will also provide the participant with a better understanding of what to look for when considering a core provider, application service provider (ASP) or ISOs when deciding on what solution to purchase.

Upon completion of the program, participants will understand:
  • The new doctrine included in the FFEIC guidance press release titled: The Essential Elements of Risk
  • What specific image technologies are impacted by the guidance
  • What an effective and comprehensive RDC risk management program include
  • What specific components a comprehensive RDC Risk Management policy should include
  • What the important elements of a commercial customer application for RDC services are
  • What should be included in a commercial customer agreement
  • The difference between a customer site review, self assessment and customer audit (all components of the guidance)
  • The framework of an effective Risk Management monitoring program
  • The role of the management team and the board of directors in understanding and managing the risk associated with RDC
  • That RDC is a technology not a product
  • How to develop an internal audit program that addresses the FFIEC guidance and the needed controls
Who should attend?
The Guidance impacts the entire organization from the board room to bank operations. The lines that separate the board, senior management, and technology, and risk management are blurring. The expectations of senior managers, banking executives and the board of directors as it relates to understanding the risks associated with technology before you purchase technology has increased significantly by virtue of this guidance. Recommended attendees include CEO, CFO, CIO, internal audit, compliance and senior operations professionals. Vendors that provide this technology as a service should also attend.

About the Speakers: Paul Carrubba is an attorney with the law firm of Adams and Reese LLP. His primary focus is on Banking Law and legal issues dealing with payment system fraud. He is a member of the faculty of the Alabama School of Banking and the BAI's Graduate School of Bank Operations and Technology. Mr. Carrubba is the author of five books including: Revised UCC Article 3 and 4, A Banker's Guide to Checks and Principles of Banking.

Dan Fisher is President and CEO of The Copper River Group offers consulting and research services to the financial industry with an emphasis on payments systems, information and technology strategies for independent community banking organizations.

Dan has been in technology and banking for over 30 years. He has been a director of the Federal Reserve Bank of Minneapolis, Chairman of the ABA Payments Committee, a member of the ICBA Payments Committee and participated in the industry effort with the Federal Reserve that ultimately succeeded in the passage and implementation of the Check-21 legislation.

He has authored or co-authored six books and has written numerous articles and white papers on technology, operations and the payments system. His most recent book titled, Capturing Your Customer, focused solely on Remote Deposit Capture.

This program was recorded in its entirety in December 2009. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_rdc1209
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 03 November, 2009.

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