New Customer or Con-Artist ? Online Account Opening and Risk Mitigation - NASBA CPE 1.5

  • Speaker:Rayleen Pirnie
  • Duration:90Min
  • Product Code:GRC-90457
  • NASBA CPE: 1.5

Live Session - How it works

  • Username and Password will be sent to you within 24 hours prior to the webinar.
  • Presentation handouts in pdf format will be emailed to along with the login instructions or few hours before the meeting starts.
  • Login to the session by clicking on “Join the Meeting” in the login instructions and then dial the number to connect to the meeting audio or use your Computer to connect to audio. Please use the name and the email address you used at the time of registration to join the meeting.
  • Get answer to your queries through interactive Q&A sessions. The Q and A sessions are at the end of the meeting. The expert will complete his/ her presentation and then the phone lines will be open for the audience to discuss your questions.
  • Please let us know your thoughts and views at the end of webinar, your valuable feedback will help us improve our Training programs.
  • Certificate of attendance is emailed to you within 6 working days from the date the webinar was completed. If you don’t receive an email within 6 days. Please email our support@grcts.com

Recorded Session - How it works

  • Login Information with Password to view the webinar will be emailed to you within 48 hours from the date the Live webinar was completed. The link to the recording is for a single person use only and it is valid for 6 months or the actual duration the recording was purchased.
  • Please click on the link to access the Recording and type in the password provided in the email.
  • Presentation and other handouts will be emailed to you in a pdf format.

Training CD - How it works

  • Free shipment within 2 working days, from the date the webinar was completed. The presentation and other handouts will be emailed to you in a pdf format if we are unable to attach them in the CD or USB.

(For more information about our products contact +1- 248-233-2049)

If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com

Use coupon code "GRCTS10" to avail a 10% Discount on your purchase

Description: 

This webinar is designed to help banks and credit unions get smart about opening online accounts (Covers both new consumer and business accounts) . It will evaluate practical risk management strategies institutions can use to build a program appropriate for their risk appetite, validation and verification strategies, due diligence. How to support online account development with the appropriate products, social marketing campaigns, and effective risk strategies.

For a digital account solution to be successful, FIs need to understand how to start new or grow existing online relationships. While online account opening presents growth potential for institutions, it also presents significant risk, particularly when these accounts are funded using ACH. These risks can be controlled with proper due diligence for the online environment, account validation, and enhanced risk controls.

We will discuss the ways in which online account opening presents both growth opportunities and significant risks for FIs. We will delve into the specific risks associated with digital accounts that are ACH-funded. You will discover how these risks can be controlled with proper due diligence for the online environment, account validation, and enhanced risk controls. We will evaluate practical risk management strategies that your Institution can use to build and implement a program that is appropriate for your risk appetite. This session will cover both new consumer accounts and business accounts.

Areas Covered:

  • Benefits of Online Accounts for Expanding Your Institution's Footprint & Profit
  • Risks Related to Digital Accounts, Specifically ACH-Funded Online Accounts, e.g., Risk-Rating New Customers or Members
  • How Common Data Breaches Impact Your Ability to Screen and Validate New Digital Accounts
  • Methods of Validation for New Online Accounts & Why Common Validation Techniques Fail in This Arena
  • Balancing Automated and Manual Verification
  • Proper Due Diligence and Best Practices for/Critical Components of an Online Account Solution
  • Evaluation of Risk Management Strategies Based on Risk Appetite
  • Limiting Risk, Exposure, and Losses
  • Digital Account Issues Related to Both New Consumer Accounts and New Business Accounts

Audience: 

  • Customer Service Personnel
  • Operations Officers / Supervisors and Personnel
  • Compliance Officers
  • Risk Management Personnel
  • Treasury Management
  • Product / Service Development
  • Loan Officers
  • Front line / Customer Service personnel
  • Internal Auditors
  • Risk Officers
  • Compliance Professionals
  • CFO / Finance Professionals
  • Operational Risk Managers
  • Trainers
  • Branch managers

Certification: 

NASBA CPE - 1.5 - Group Internet Based | 1.5 NASBA Credits (1 CPE for 50 minutes) | Intermediate | Prerequisites - None | No advance preparation

Business Management & Organization – 30 Minutes – 0.6 CPE | Management Advisory Services – 30 Minutes - 0.6 CPE | Specialized Knowledge and Applications – 30 Minutes – 0.6 CPE | TOTAL – 1.8 NASBA CPE Credits

Instructor:

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

GRCTS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org 

Available Options

Recording: 6 Months Access to the Training which can be accessed from any location

$349

CD-DVD: Shipped within 2 working days

$449

USB - Shipped within 2 working days

$469

5 Member Group: 5 people can Attend the Live Online Meeting from any location globally

$839

10 Member Group: 10 people can Attend the Live Online Meeting from any location globally

$1,039

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