CFPB Monitor

MARCH 9, 2020

On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

Risk Management 78

Risk Management Data Management Compliance 78

Abrigo

AUGUST 8, 2021

Takeaway 3 Timely risk ratings and a written review policy are critical components of effective loan review and credit review. This article is substantially updated from a 2013 blog post. Reviewing lending staff’s risk ratings. In many ways, they also provided more general guidance to financial institutions.

System 195

System Lending Policies Regulation 195

Celent Banking

MARCH 2, 2017

When it comes time to choose a business partner, banks will favor those who help them execute their third party risk management (TPRM) responsibilities over those who begrudgingly comply. OCC 1 TPRM regulations alone require the bank to evaluate 16 risk dimensions when engaging with a third party.

How To 100

How To Risk Management Management Regulation 100

Jeff For Banks

JANUARY 18, 2014

But in nine short months of 2013, you and the Fed stumbled with mixed signals and miscommunication and the markets pushed the 10 year Treasury yield up by 130 basis points to 3.00%, removing all of the good attained by QE over the years. in 2014, yet growth is not even returning to the normal post-recession pace of 4.6%.

Philadelphia 83

Philadelphia Policies US Marketing 83

FICO

DECEMBER 8, 2022

Most underwriting policies manage approval decisions based on someone’s assets and behavior at or before the time of application, considering how other similar applicants have behaved in the past. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Economic Scenario.

Risk Management 52

Risk Management Strategy Management Meeting 52

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013.

New York 128

New York Compliance Risk Management Meeting 128

PYMNTS

JANUARY 8, 2020

Chubak has been with Citi since leaving McKinsey in 2013 and will report directly to Anand Selva, head of the U.S. Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to the memo. consumer banking division, according to a memo obtained by CNBC.

Retail 101

Retail New York Risk Management Customer Experience 101

Abrigo

OCTOBER 29, 2014

This metric surged from 2 percent as of June 30, 2013, to 4.4 ” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

Abrigo

MARCH 2, 2015

percent in Q4 of 2013. This is up from $193 billion as of Q3 2013, and $173 billion the year prior. Recent comments from Darrin Benhart , deputy comptroller for supervision risk at the OCC, highlighted the OCC’s concerns about the evolution of the auto loan market and the risks that are being taken.

Risk Management 150

Risk Management Tools Conference Management 150

Abrigo

APRIL 1, 2015

As noted in the OCC’s document, Common Sense Approach to Community Banking , a bank’s board of directors “must determine whether the risks the bank assumes are warranted, effectively managed, and consistent with safe and sound banking practices.” What about liquidity risks, interest rate exposure and IT security threats?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

PYMNTS

OCTOBER 18, 2017

That’s the trend that led Temenos to reintroduce its Payments Hub solution, first launched in 2013, into the cloud via the Microsoft Azure platform. The cloud has become an increasingly important risk management tool for banks just as it has for companies themselves, the executive noted, thanks to its scalability and affordability.

Risk Management 122

Risk Management Meeting Survey Payments 122

Abrigo

AUGUST 10, 2015

In the same way, financial institutions conducting stress tests to satisfy prudential regulators’ queries on reserves and capital can generate additional benefits from this process, according to Elizabeth Williams, managing director of financial consulting firm CEIS Review Inc. Manage concentration risk.

Risk Management 150

Risk Management Exercises Capital Regulation 150

PYMNTS

JUNE 24, 2016

Since launching in 2013, the company has actively tracked more than 100,000 companies and identified vulnerabilities using an outside-looking-in perspective. SecurityScorecard’s platform is currently used in the following use cases: vendor risk management, board of directors, mergers and acquisitions and cyberinsurance.

Google 101

Google Risk Management Survey Capital 101

Abrigo

NOVEMBER 21, 2014

banks is up $157 billion from the same period in 2013. banks, the list was determined by reviewing a bank’s Q3 2013 C&I loan total alongside its Q3 2014 figure and calculating the percentage increase. Specifically for businesses, are commercial loans on the rise? Nationally, the picture is a fine one.

Lending 186

Lending South Carolina Miami Community Bank 186

Independent Banker

OCTOBER 14, 2014

In fact, the FFIEC even released guidance in December 2013 on social media, entitled “Social Media: Consumer Compliance Risk Management Guidance.” The Social Media Management module is divided into three components: Social Media Risk Management Program, Social Media Post Management System and Social Media Tracking.

social media 88

social media Risk Management Compliance Community Bank 88

Tech and Finance

JUNE 10, 2019

The Financial Services Sector-Specific Plan details how the National Infrastructure Protection Plan risk management framework is implemented within the context of the unique characteristics and risk landscape of the sector,” the department said in its announcement. the departments said in its announcement.

Security 31

Security Risk Management Payments National 31

CFPB Monitor

SEPTEMBER 27, 2018

Among other things, it removes examination procedures related to burdensome “ability to repay” requirements as well as references to OCC Bulletin 2013-40’s risk management expectations.

Handbook 60

Handbook Risk Management Lending Meeting 60

PYMNTS

DECEMBER 9, 2020

The company was founded in 2013, and its mission is to address India’s enormous credit problem by providing flexible and timely credit delivered via a seamless mobile experience. Capital Float had provided 500,000 clients with $1.2 billion in funding as of April, although the virus’s spread was greatly impacting India’s FinTech space. “For

Video 175

Video Capital Lending Security 175

Abrigo

MARCH 29, 2017

During the webinar, McLaughlin explained that the two biggest challenges for audit firms lie within the tension of managing risk while creating more efficiency during the audit process. The goal is to do less work while managing an appropriate level of risk. Analytics can more effectively focus firm resources.

Analytics 150

Analytics How To eBook Fraud 150

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. So far, episode topics include cover loan pricing in a rising-rate environment, cannabis-related banking , and technology implementation.

Community 195

Community Lending Maine Resources 195

Abrigo

NOVEMBER 2, 2016

Using data from quarterly Call Reports going back to 2013, analysts compared the performance of “energy-sensitive banks” with that of similar banks that aren’t located in energy-dependent regions. Even so, further analysis and continued monitoring of the effect of lower oil and gas prices on the banking system is warranted going forward.”

Comparison 150

Comparison Regional Study Risk Management 150

BankUnderground

MARCH 6, 2024

However, in subsequent years, lessons learned from the financial crisis have paved the way for advances in risk management and more cautious lending practices. The average tenor of a UK corporate bond is 10 years, so for comparison purposes we look at the cost of issuing a bond 10 years ago in December 2013.

Policies 72

Policies Lending Data Marketing 72

PYMNTS

JANUARY 5, 2017

Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS. Researchers champion digital payments as a way to combat the security, speed and efficiency problems associated with paper checks.

Payments 100

Payments Survey Fraud Software 100

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s first CARD Act report was issued in October 2013, its second report was issued in December 2015, and its third report was issued in December 2017. The report discusses developments to platforms that allow consumers to manage their accounts. Risk management. Fraud risk management.

Cards 60

Cards Report Marketing Leadership 60

FICO

DECEMBER 13, 2016

Security is about risk management, and having a seamless process to automatically test and manage the security of an application through its lifecycle means we don’t have to sacrifice security for speed and can demonstrate ROI.”.

Software 40

Software Leadership Risk Management Security 40

FICO

DECEMBER 13, 2016

Security is about risk management, and having a seamless process to automatically test and manage the security of an application through its lifecycle means we don’t have to sacrifice security for speed and can demonstrate ROI.”.

Software 40

Software Leadership Risk Management Security 40

PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent.

Taxes 144

Taxes Fraud Risk Management Data 144

Independent Banker

MAY 24, 2016

This leaves federal crop insurance support as a key risk-management tool. It’s a crucial risk-management tool” for 1.7 Department of Agriculture’s chief economist, forecast that net farm income will fall 3 percent this year, following a drop of 40 percent in 2015 and a 56 percent drop since 2013.

Community Bank 70

Community Bank Kansas City Community Iowa 70

Independent Banker

NOVEMBER 24, 2015

What’s more, 20 percent of the companies that suffered financial losses from payment fraud said their biggest losses stemmed from wire transfer fraud, up from 9 percent in 2013. She is also the founder of Secura Risk Management in Atlanta, a firm that assists community banks in payments risk management and fraud prevention.

Community Bank 70

Community Bank Fraud Atlanta Community 70

PYMNTS

MAY 5, 2016

From 2009 to 2013, same-store sales increased by marginal amounts in 2011 only and decreased by 6 percent in 2009, 10 percent in 2012 and 4 percent in 2013. Vestis Retail Group might not be a well-known name in retail, but the properties it manages — Eastern Mountain Sports, Bob’s Stores and Sport Chalet — most certainly are.

Retail 100

Retail Branding Denver Management 100

Abrigo

DECEMBER 9, 2014

percent over the 3rd quarter of 2013. Training Bank Employees Once the bank has reviewed and finalized credit risk policies, the next step to ensuring the bank can grow successfully and with an eye to risk management is to confirm that bank employees are familiar with the policies.

Training 170

Training Policies Analysis Community Bank 170

Abrigo

MARCH 18, 2016

Indeed, a 2013 survey of business owners by Kent State University’s Ohio Employee Ownership Center found that 78 percent of majority shareholders were at least 50 years old, and 76 percent planned a transition within the next 10 years. The other 53 percent expected transitioning to an external buyer.

Ohio 150

Ohio Meeting Risk Management Video 150

Celent Banking

JULY 22, 2016

We first heard of Zapp in 2013, and even included a case study in a Celent report published in September 2013. Visibility to a much broader pool of transactions should be very helpful when developing risk management, loyalty and other value added services.

Cards 100

Cards Case Study Payments Mobile 100

Abrigo

OCTOBER 9, 2019

Charge offs were close to zero for most banks since 2013, according to call report data from S&P Market Intelligence. Additionally, it is important to remember that CECL is an accounting exercise while stress testing is a regulatory or institution risk management process.

Data 150

Data Exercises Software Tools 150

Abrigo

FEBRUARY 2, 2015

Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015. That number is up about four percent from 2013. The cost of compliance in these areas are also high for community bankers.

Community Bank 150

Community Bank Community Regulation Survey 150

Insights on Business

APRIL 23, 2018

Previously collaborating on projects involving mobile , risk management , or cognitive computing to improve customer service , Citi has not been shy to embrace modern technological advances to improve their business. Technology moves fast. Of all these stolen records, a shockingly low rate of only 4% of corporate data was encrypted.

Security 87

Security Data Analytics Industry 87

CB Insights

SEPTEMBER 22, 2017

Deals to regtech startups have increased steadily (if at times slowly) over the past few years, from 83 deals in 2013 to 147 last year. Using CB Insights data, we dug into deal and funding trends to regtech startups, 2013 – 2017 YTD (9/10/17). You can see 100+ startups innovating in this area in our regtech market map.).

Compliance 46

Compliance Trends Software Capital 46