ProSight Financial Association

Financial institutions are “operating in a paradox—lower federal oversight but higher, more complex compliance demands.” That is how Christopher J. Boersma, ProSight’s product manager of compliance with learning and development, sums up the environment captured in the 2026 ProSight Compliance Outlook Survey, which will be released May 6. The survey, based on 150 responses from […] The post The To…

The federal banking agencies’ revised model risk management guidance looks, at first glance, like a simplification story. The new framework is shorter, more principles-based, and less prescriptive than the guidance many banks have been living under since 2011. But the practical effect may be more complicated: institutions now have more room to tailor model risk […] The post More Flexibility, More…

Maria Noriega has built a career fighting fraud across both the public and private sectors, with an emphasis on threat intelligence and dark web research. According to Maria, fraud is really just storytelling that’s carefully crafted to deceive and exploit. Meet the ProSight Fraud Alert Network’s Product and Community Manager and hear what drove her to study fraud patterns, […] The post Meet the …

Financial services companies can find it hard to keep pace with fast-advancing technology, but digital change and risk management have become part of the industry’s DNA. What happens, though, when breakthroughs in capabilities are seismic and sudden, threatening the industry’s technology status quo and the potential safety and soundness of the banking business model? Anthropic’s […] The post A Ca…

Banks have been dealing with AI-enabled fraud for years, but the current moment looks different in at least one important way: the tools are becoming easier for less sophisticated criminals to use. A recent ProSight piece on fraud mitigation makes clear that while existing controls still matter, banks now need more speed, more layers, and more coordination—both inside […] The post Fraud Is Gettin…

The efficiency ratio still has a place in banking. But on its own, it can tell a flatter story than many institutions can afford to believe.  Steve SaLoutos, chief financial officer at ProSight, and Mark Leher, director of product management at Alkami, say that the efficiency ratio still matters, but it now needs to be read with more […] The post What the Efficiency Ratio Misses appeared first on…

Deposit gathering is not getting easier. In April’s ProSight Executive Report, “Deposit Optimization Strategies,” Katie Kuehner-Hebert’s article “The Quest for Deposits in Uncertain Times” makes clear that banks and credit unions are operating in a market shaped by inflation pressure, an unclear path for rates, and sharper competition for customer dollars.  The good news is that deposits did grow…

For model validation teams, the GENIUS Act is not just a stablecoin policy story. In Kevin Oden’s telling, it is also adds to the terrain model risk management may need to cover.  In a recent ProSight Q&A, Oden, principal of Kevin Oden & Associates, argues that the law and the OCC’s follow-on proposed rulemaking put model risk […] The post What the GENIUS Act Could Mean for Model Risk Teams appea…

Anthropic’s new Mythos Preview model is not just another AI release for banks to keep an eye on. It is an early glimpse of what happens when AI becomes much better at finding software flaws and turning them into usable attacks.  That is why the rollout has been unusually limited. Bloomberg reports that U.S. officials recently urged major […] The post Mythos Is a Warning Shot for Bank Cybersecurit…

ProSight Financial Association’s annual Governance, Compliance, and Operational Resiliency (GCOR) conference goes live June 8 and runs through June 11. To help attendees and prospective viewers navigate the packed agenda, ProSight spoke with the conference’s programming leaders, Sylwia Czajkowska, associate director of ORM/ERM, and Chris Boersma in learning & development, about the philosophy and…

Stablecoins and other digital assets are moving from the fringes of finance into the strategic planning discussions of banks, as regulators, technology providers and customers begin to settle on how these instruments might be used at scale. While adoption remains limited, the pace of regulatory activity and innovation is forcing financial institutions to confront how […] The post Banks Weigh Stab…

As fraud schemes become more prevalent and sophisticated, aided and abetted by AI, fraud mitigation has become a top priority for banks. What are the most effective anti-fraud tools and techniques for banks to employ, and how are they accounting for the complex threats presented by AI? These were among the key issues addressed during […] The post Financial Institution Fraud Mitigation: Trends, Ch…

Bank leaders usually think about performance through the eyes of regulators, directors, and shareholders. In a recent SouthState Correspondent Division article, Chris Nichols argues they should also think about how their bank looks to a potential buyer.  Nichols says banks that get acquired often share a recognizable profile. Some of it is qualitative, including culture. But much of it is […] The…

Banks looking at AI for training and development should not mistake scale for autonomy. In a recent ProSight article, Steven Ramirez, CEO of financial services consultancy Beyond the Arc, says the case for AI in compliance learning is not that it can replace people—it is that, if built and governed carefully, it can help institutions create […] The post Teaching Compliance With AI Still Requires …

For banks trying to keep real estate-secured transactions moving, appraiser capacity is becoming harder to ignore.  A recent ProSight article by retired FDIC appraisal subject matter expert Beverlea Gardner points to a market that looks increasingly strained. Since the number of appraisers peaked in 2007, productivity gains and generally steady loan demand have helped absorb some of the […] The p…

For generations of bankers, the efficiency ratio has been a shorthand for performance, a simple way to understand how much it costs an institution to generate a dollar of revenue. But as banking strategies diverge, technology reshapes operations, and customer behavior shifts, this once‑straightforward metric has become more complex. In a recent ProSight Financial Association […] The post Achievin…

The majority of financial institutions (82%) expect 2026 to bring positive deposit growth, according to ProSight Banking Outlook: 2026 Trends. However, consumer sentiment remains tentative amid persistent economic and geopolitical uncertainty. These dynamics create a challenging landscape for financial institutions as their deposit growth projections clash head-on with fragile consumer confidence…

Enactment of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) and the Office of the Comptroller of the Currency’s (OCC) subsequent proposed rulemaking mark a pivotal moment for financial institutions engaging with payment stablecoins, Kevin Oden, principal of Kevin Oden & Associates, a San Francisco-based consulting firm specializing in model risk […] The pos…

For years, enterprise risk management was often measured by how well it could catalogue risks, maintain frameworks, and support governance. That is no longer enough.  In a recent article, Rachel Koning Beals writes that a new ProSight research report sees ERM moving from “cartographer” to “navigator”—from documenting risk to helping leaders make faster, better decisions in a more volatile environ…

Google’s recent warning that quantum computers could threaten current encryption systems by 2029 is not just another reminder that post-quantum security matters. What makes it notable is how much sooner that timeline is than many organizations may have expected.  The Guardian reports that most forecasts for a cryptographically relevant quantum computer still range from the 2030s to the […] The po…