Risk Monitoring for Remote Deposit Capture
Risk monitoring is a critical, must-have component to keep your remote deposit capture (RDC) risks minimal and remain compliant with regulators, such as the Federal Financial Institutions Examination Council (FFIEC). That’s why it’s important to stay on top of your risk exposure, especially for banks looking to target the untapped small business market. The higher the adoption rate, the greater the risk. What can you do to easily monitor risk for your remote deposit capture channels in your financial institution? How can you best prepare for your next RDC audit? These are important questions to ask as federal regulators demand more from your risk management programs. Finding the right RDC partner and risk management tools can protect your bank and help you remain compliant when auditors come knocking.