CB Insights

OCTOBER 29, 2021

Hyperproof , an enterprise governance, compliance, and risk management technology provider, has raised $16.5M Seattle-based Hyperproof provides compliance solutions for continuous risk management across key industries, such as security tech, enterprise software, fintech, healthcare tech, and data communications.

Risk Management 63

Risk Management Compliance Management Technology 63

Perficient

APRIL 2, 2021

Risk Management. AI may be used to augment risk management and control practices. AI can assist internal audit and independent risk management to increase sample size (such as for testing), evaluate risk, and refer higher-risk issues to human analysts. Email: 2021-RFI-AI@cfpb.gov.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

APRIL 25, 2024

Generally, small business loans benefit business owners, they also benefit communities, according to 2021 research for the SBA. Starting with loans originated in January 2021, delinquency rates begin to fall and even dip below historical averages. At the same time, 59% pursued credit to meet operating expenses.

Lending 195

Lending Trends Capital Strategy 195

Banking Exchange

NOVEMBER 29, 2021

Fed flags cybersecurity and operational resilience as priorities for large banks Risk Management Feature3 Feature Financial Research Lines of Business The Economy Cyberfraud/ID Theft Security Online Operational Risk.

System 78

System Risk Management Operations Security 78

Banking Exchange

JANUARY 27, 2021

Data indicates that global crises like COVID-19 present a ripe environment for spikes in financial crime Compliance Risk Management Compliance Management Compliance/Regulatory AML & Fraud BSA/AML Security Feature3 Feature Covid19.

Risk Management 78

Risk Management Compliance Fraud Security 78

FICO

DECEMBER 10, 2020

In 2021 I believe AI will cross the chasm, becoming a reliable and safe, mainstream business technology — but maybe not how, or for reasons why, you might expect. In 2021, organizations will stop their handwringing over AI and get down to brass tacks. COVID Is the Mother of AI Maturity. Prediction #2: AI as a Service Will Take Off.

Analytics 98

Analytics Fraud Data Software 98

Perficient

SEPTEMBER 16, 2022

Consumer protection – Concern for the consumer was emphasized throughout the letter as the FRB highlighted risks to the public due to price volatility, misinformation, fraud, as well as the outright loss or even theft of assets. Financial risk. Engaging in Crypto-Asset-Related Activities: A Federal Reserve Checklist.

Compliance 275

Compliance Risk Management System Regulation 275

Banking Exchange

MARCH 22, 2021

The proliferation of COVID-19 related threats has made cybersecurity a top concern for financial institutions in 2021 Risk Management Technology Security Outsourcing/Cloud Cyberfraud/ID Theft Feature3 Fintech Feature.

Industry 97

Industry How To Risk Management Fintech 97

South State Correspondent

APRIL 23, 2023

The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple. Bankers need to understand and manage their business on the fair value of assets and liabilities instead of managing their business on net interest margin and the amortized historical cost of assets and liabilities.

Management 195

Management Security Risk Management social media 195

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important. According to the FTC , $2.7

Fraud 195

Fraud Resources social media Software 195

FICO

MAY 27, 2021

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. Decision Management Innovation. eDriving , a leading global provider of digital driver risk management programs, partnered with FICO to create a score based on telematic driving data.

Analytics 52

Analytics Fraud Management America 52

Abrigo

MAY 11, 2020

According to the International Data Corporation (IDC), cloud computing spend is estimated to reach $277 billion in 2021, with an annual growth rate of approximately 22%. Keep your data secure and up-to-date using our datacenter. How can financial institutions mitigate the risk? Learn more. What is Cloud Computing?

Data 195

Data Training Risk Management Software 195

BankInovation

FEBRUARY 10, 2022

Digital is a low-risk, high-reward environment for cyberattacks, Andy Renshaw, senior vice president at fraud and risk management company Feedzai, told Bank Automation News. Account takeovers increased threefold between 2019 and 2021, according to […].

Fraud 98

Fraud Mobile Risk Management Management 98

Perficient

FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. Security, Data Privacy, and Intellectual Property Protection. This is often seen as one of the biggest risks of outsourcing software development projects.

Software 294

Software Innovation Company America 294

FICO

DECEMBER 15, 2020

It is true that the pandemic has accelerated the majority of digital trends and challenges this past year; I believe the “COVID effect” will persist strongly into 2021, which brings me to three broad predictions: Consumer spending patterns will remain in flux, requiring financial institutions to keep their guard up as fraud patterns change quickly.

Fraud 52

Fraud Compliance Management Software 52

Abrigo

APRIL 22, 2024

While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. When a small business owner can upload supporting documents securely anytime from anywhere, the bank or credit union spends less time chasing documents.

Lending 195

Lending St. Louis Community Marketing 195

FICO

DECEMBER 23, 2020

Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. So will high-risk products/services such as correspondent banking and trade finance transactions. Now compliance professionals will also need to concern themselves with mitigating ransomware sanctions risks (i.e.,

Compliance 52

Compliance Regulation Data Risk Management 52

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. And given the heightened risk for potential consumer harm by violations of Reg Z, it is an area that generally represents a center of focus for consumer compliance examiners.

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL.

System 195

System Lending Analysis Software 195

Independent Banker

OCTOBER 1, 2022

Steps such as multi-factor authentication have proven to be highly effective and are viewed as minimum security features for banks seeking cyber insurance. Some insurance carriers even offer discounts for banks that have additional layers of security, such as multi-factor authentication or end-point detection and remediation.

Montana 152

Montana Policies Resources FDIC 152

CB Insights

OCTOBER 20, 2021

Here’s what they’ve achieved (as of October 2021): 2 of the winners have gone public. Bakkt announced a SPAC merger in January 2021 at a $2.1B The digital asset management platform completed the transaction and went public in October 2021. Crypto exchange and wallet Coinbase made its public debut in April 2021 at a $65.3B

blockchain 88

blockchain Company Management Risk Management 88

Bobsguide

MAY 8, 2022

This designation recognises GFT for the delivery of effective solutions to help its clients manage critical issues pertaining to the industry, such as risk management, core systems implementations, data management, navigating compliance requirements, and establishing governance models. “It – Portal de Documentos.

Compliance 166

Compliance Risk Management Digital Banking System 166

FICO

MARCH 5, 2021

Also managing radically different customer behavior and suddenly having a workforce that was predominately working from home. All while still keeping customers safe and secure. Many institutions had to balance taking the express route to becoming truly digital businesses. by TJ Horan.

Fraud 52

Fraud How To Risk Management Management 52

CFPB Monitor

AUGUST 31, 2021

The issuance of the Guide follows the agencies’ July 2021 release of proposed interagency guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements.

Community Bank 78

Community Bank Community Fintech Company 78

Bobsguide

OCTOBER 1, 2022

SIX, the Swiss leading financial data vendor, joins forces with Prometeia , a global provider of advanced analytics, software solutions and consulting services, to offer a risk indicator that aims at complementing existing regulatory risk ratings for all asset classes. million in 2021. billion and Group net profit of CHF 73.5

Analytics 97

Analytics Risk Management Management Regulation 97

Bobsguide

JUNE 13, 2022

Murex , the global leader in trading, risk management and processing solutions for capital markets, is thrilled its integrating MX.3 The ranking recognizes financial software vendor success based on 2021 sales figures. Helou, Murex managing partner and co-founder.

Capital 78

Capital Leadership Risk Management Regional 78

Abrigo

FEBRUARY 15, 2023

Introduction Incorporating the AML/CFT priorities into a risk assessment Not all risks to a financial institution are equal. Since the AML/CFT priorities are still relatively new, the residual risk is most likely considered low to moderate when solid mitigating processes are in place. Be ready for AMLA-related changes.

Fraud 195

Fraud United States Training Policies 195

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. The change is intended to improve security, integration, reporting features, and validation to improve accuracy. Credit Risk Management. Risk Ratings.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. The change is intended to improve security, integration, reporting features, and validation to improve accuracy. Credit Risk Management. Risk Ratings.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JUNE 15, 2023

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. national security and the integrity of the U.S. financial system.” Navigate your BSA exam with tips from this on-demand webinar.

Training 195

Training Regulation Compliance System 195

Abrigo

JULY 21, 2021

In June 2021, the White House released the first rendering of the National Strategy for Countering Domestic Terrorism 1 , a strong indicator that it is time for us all to be paying closer attention to this matter. Financial institutions of all sizes are more likely than ever to see activity related to terrorist financing. Know the red flags.

Training 195

Training National Strategy Regulation 195

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Darryl Knopp wrote: For banks with their own BNPL offering, a multi-layered approach to risk management and fraud protection is critical. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

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. The bank works hard to prevent attacks with many defensive layers of security. Cybercrime could cost $10.5

Community Bank 134

Community Bank Community Fraud Texas 134

Abrigo

SEPTEMBER 10, 2021

Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations.

Training 195

Training Risk Management Pennsylvania Resources 195

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Common AIO Risk Management Topics. Data governance and data management.

Operations 118

Operations Software Risk Management Management 118

BankUnderground

MARCH 6, 2024

Overall, UK corporate bond issuers appear broadly resilient to higher financing costs, but risks are higher for riskier borrowers particularly if the macroeconomic outlook and funding conditions were to deteriorate. What is refinancing risk? a) The total UK PNFC bonds shown in this chart excludes non-rated and withdrawn bonds.

Policies 71

Policies Lending Data Marketing 71

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