How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
FRB Services updates COVID-19 Resources page
FRB Servcies has updated its COVID-19 Resources webpage, which lists in detail the following types of assistance available from the agency:
- Customer Assistance Package
- Access to services
- Financial services processing
- Forms guidance
- Employee safety
- Economic impact payments
The Customer Assistance Package was announced on Friday and is available May 1 through at least July 31. The package includes information on:
- Check Adjustments and ACH Exceptions
- FedPayments Reporter for Check and ACH
- Fed ACH RDFI Batch Alert
- FedLine Solutions
Financial institutions may choose to take advantage of any or all of the services available in this package. Interested customers should contact their FRB Services account executive to discuss which components might be beneficial for them and begin the setup process.