2017 Forecast: Uncertainty Abounds

Last year we brought you the 12 Days of Reputational Risk, reflecting on reputational issues that organizations faced in 2015, from corruption scandals and fraud investigations to information security issues and data breaches, and the way in which organizations of all shapes and sizes found themselves scrambling to res​pond.

Following the U.S. presidential election and the days of uncertainty that have followed, a year in review roundup seems beside the point. Our subject matter experts (SMEs) are instead focused on what the future may bring and how much we don’t know about what to expect in the next twenty days before the U.S. Presidential inauguration. With a look ahead to risks and regulatory changes which may or may not impact our industry, our NICE Actimize experts have responded.

Mary Ann Miller, Fraud SME, offers advice to fraud executives currently in the midst of budget and strategy planning for 2017 with several examples of anticipated fraud trends Read more in her blog, “2017 Global Fraud Risk Index, Heightened Pressures Ahead,” to ensure that your team is fully addressing any expanded protections which might be necessary for your fraud risk platform in 2017.

Stephen Anikewich, Financial Markets Compliance SME, looks at the impact a possible repeal of the Dodd-Frank Wall Street Reform Act may have and the challenges facing those who are interested in repeal, reform, and modification. Read more in his blog, “Dodd-Frank: To Repeal or Not to Repeal ​Title​ VII?

Finally, I review the potential for Open Banking in the U.S. as a result of the important talk given by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray at this Fall’s Money 20/20 conference and some of the impact that the CFPB could have both in the US and elsewhere in the coming months. Read more in my recent blog, “Will Open ​Banking Come to the US?

As I’m sure you are as well, our experts at NICE Actimize are monitoring the coming days, weeks and months with interest, ensuring that we remain up-to-date on the latest trends, changes and issues that will affect our industry. Here’s to an interesting 2017!

 

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