Mobile Banking Compliance Considerations

Qty: Live Version ($299.00)On-Demand ($419.00)Live + On-Demand ($419.00)

Course Summary:

Let's detail the do's and don'ts of implementing and operating mobile banking services, review what the examiners are looking for in your program, and provide you with sample language for your risk assessment and policies.

Course Details:

Mobile financial services can pose elevated risks related to device security, authentication, data security, application security, data transmission security, compliance, and third-party management. Customers are often less likely to activate security controls, virus protection, or personal firewall functionality on their mobile device making them more susceptible to outside threats.

Therefore, you need to ensure you provide your customers with the required disclosures for the product and that you have strong internal controls to monitor mobile transaction activity.What You'll Learn:

• Understand the regulatory requirements impacting your mobile banking services, including Reg Z, Reg CC, Reg DD, and UDAAP
  
• Utilize provided tools to assess risks associated with electronic banking
  
• Discuss ADA applicability to mobile banking services
  
• Review best practices for implementing and updating mobile banking products

Continuing Education Credits:

Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.