Abrigo

DECEMBER 2, 2021

But impulse buying – whether at home or in business – can result in waste, so think carefully about areas of your bank or credit union that could benefit next year from a small investment as 2021 draws to a close. 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. Lending & Credit Risk.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

MAY 14, 2021

Data Entry, Documents Vex Busy Lenders in 2021 If your institution adopted more digital processes this year, you're not alone. You might also like this webinar on the findings of Abrigo's 2021 Business Lending Process Survey. If there was a gold medal for financial services, lenders have earned it in 2020 and 2021.

Lending 195

Lending Survey System Data 195

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Lending & Credit Risk. Portfolio Risk & CECL. Learn more.

Resources 195

Resources Risk Management Study Strategy 195

Abrigo

APRIL 7, 2023

However, many clients evaluated an internally developed system before ultimately acquiring loan review automation.

Software 195

Software Lending System Risk Management 195

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

CFPB Monitor

NOVEMBER 10, 2020

LIBOR, which many creditors currently use as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products, is expected to be discontinued sometime after 2021. In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.”

Regulation 78

Regulation FDIC New York Lending 78

CFPB Monitor

NOVEMBER 22, 2022

The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition. In particular, the report’s recommendations deserve attention because they are likely to influence future actions by the federal banking regulators and the CFPB. (The

Fintech 78

Fintech Report Data Lending 78

FICO

DECEMBER 15, 2021

This data can be used by all areas of the bank that interact with customers, from marketing and customer service to risk management and collections. BNPL (buy now, pay later) will continue its rapid expansion in 2022 from its current position, where transactions values are expected to exceed £6 billion in 2021 in the UK alone.

Lending 52

Lending Data Risk Management Regulation 52

Independent Banker

JANUARY 31, 2022

Source: Cornerstone Advisors, “What’s Going on in Banking 2021: Rebounding from the Pandemic,” 2021. A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%).

Community Bank 159

Community Bank Community Fintech Risk Management 159

Abrigo

JUNE 15, 2023

has lagged in passing laws and regulations preventing criminal proceeds from flowing into real estate. At the end of 2021, the Biden administration announced they would pay closer attention to corruption in the real estate market, focusing on the all-cash transactions in commercial and residential real estate. However, the U.S.

Training 195

Training Regulation Compliance System 195

Independent Banker

NOVEMBER 30, 2022

Lexicon Bank didn’t wait long to make a splash, sponsoring the 2021 World Series of Poker. But the fundamental risk management in the bank’s professional poker program is old-fashioned Know Your Customer, done by people. We have found a way to service that and get the regulators comfortable. Quick Stat. Source: Statista.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Perficient

MAY 17, 2022

It seems like everyone in 2021 took out a loan on a new car, even though we all knew supplies were low and demand was high. hit a record $734bn in 2021, according to data from the Federal Reserve Bank of New York. 2021 was a mix of constrained inventory and pent-up demand. It really is a mixed up, muddled up, shook up world.

Strategy 294

Strategy Customer Experience Study Technology 294

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

CFPB Monitor

APRIL 1, 2021

Comments on the RFI must be received by June 1, 2021. Augmenting risk management and control practices. The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy).

Risk Management 78

Risk Management Training Lending FDIC 78

Gonzobanker

FEBRUARY 23, 2022

To do this, banks can leverage their competencies in payments, lending, operations, and risk management while using the earnings generated from BaaS to transform their core business. Or Hatch Bank, which, after partnering with HMBradley, saw deposits grow 300% in the first half of 2021.

Community Bank 118

Community Bank Strategy Risk Management Fintech 118

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Regulators haven’t yet broached the subject with them. Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources.

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

NOVEMBER 24, 2020

Comments on the proposal are due by January 4, 2021. The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Industry Analysis Policies 78

CFPB Monitor

JUNE 30, 2022

We noted the increase in ransomware attacks and ransomware-related SARS discussed in FinCEN’s October 15, 2021 financial trend analysis on ransomware. . The OCC is currently working to “develop a common vocabulary of terms” and “use cases and risks” to create “policy and supervision considerations” for digital assets for banks.

Compliance 78

Compliance Fraud Technology Operations 78

Independent Banker

MAY 31, 2022

trillion globally by 2025, according to research agency Cybersecurity Ventures, and the Association of Certified Fraud Examiners said that 77% of anti-fraud experts reported they had seen more fraud between May and August 2021. Cybercrime could cost $10.5 But there’s plenty community banks can do to meet this challenge.

Community Bank 134

Community Bank Community Fraud Texas 134

CFPB Monitor

MAY 3, 2021

As discussed in our earlier bl og , the Senate Banking, Housing and Urban Affairs Committee held a hearing on April 28, 2021 entitled “The Reemergence of Rent-a-Bank?”. Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements.

North Carolina 60

North Carolina Lending National District of Columbia 60

Gonzobanker

DECEMBER 14, 2023

Nearly 2 million customers and $20 billion in deposits since entering the country with a digital bank in 2021. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. The Champion Becomes a Challenger Award – JPMorgan Chase for Chase U.K.

Fintech 194

Fintech Community Regional Technology 194

Lex Sokolin

DECEMBER 31, 2020

Decentralized Finance, Blockchain, and CBDCs Why Peer-to-Peer models fail against oligopoly, with Lending Club shutting down p2p platform, Seedrs/Crowdcube merging, and Morgan Stanley buying Eaton Vance for $7B. the Lending Clubs) end up becoming banks and seeking the thing it looked like they would disrupt. They all (i.e.,

Fintech 52

Fintech Bitcoin blockchain Google 52

Lex Sokolin

DECEMBER 31, 2020

Decentralized Finance, Blockchain, and CBDCs Why Peer-to-Peer models fail against oligopoly, with Lending Club shutting down p2p platform, Seedrs/Crowdcube merging, and Morgan Stanley buying Eaton Vance for $7B. the Lending Clubs) end up becoming banks and seeking the thing it looked like they would disrupt. They all (i.e.,

Fintech 52

Fintech Bitcoin blockchain Google 52

FICO

FEBRUARY 12, 2023

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. The business model here needs to focus on a strategy that balances lending growth while keeping risk in check.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52