Start Date: 12/8/2022 1:00 PM MST
End Date: 12/8/2022 2:00 PM MST
Remote deposit capture allows end users to make deposits safely without entering the branch. An effective RDC program starts with an RDC risk assessment. Prior to implementing RDC, senior management should identify and assess the associated legal, compliance, reputational, and operational risks. They should ensure that RDC is compatible with the institution’s business strategies, understand the return on investment, and weigh management’s ability to manage RDC’s inherent risks. Management’s evaluations of RDC systems, including products and services, should be incorporated into existing risk-assessment processes.