Articles from ProSight Financial Association

ProSight Financial Association today announced the launch of a significant industry initiative, the ProSight Fraud Alert Network, a new digital community and knowledge network designed to help financial institutions and direct-to-consumer fintechs combat fraud more effectively, efficiently, and collaboratively. Designed for frontline and strategic fraud professionals in the banking industry, the network empowers members with tools and knowledge to more efficiently resolve fraud cases and help reduce financial losses within their firms and, ultimately, the industry. The ProSight Fraud Alert Network will be offered to ProSight institutional members complimentary for the first year.

ProSight Financial Association announced a strategic alliance with Denmark-based Decision Focus to deliver RegTech solutions to the North American financial services industry.

ProSight Financial Association has announced the results of the fourth annual RMA Chief Risk Officer (CRO) Outlook Survey. ProSight, formed from this year’s merger of RMA (Risk Management Association) and BAI, said the survey reveals a financial services risk management environment that has been affected by the 2023 regional bank crisis as critical risks that preceded the crisis such as cyber, fraud, and third-party risk remain.

BAI (Bank Administration Institute) and RMA (Risk Management Association) have merged to form ProSight Financial Association. This strategic combination brings together two of the most trusted organizations in the financial services industry, combining RMA’s expertise in serving commercial banking and risk management functions with BAI’s knowledge in serving retail banking and regulatory compliance functions.