Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Signs of increased activity ahead. Watch webinar.

Management 195

Management Risk Management Policies Lending 195

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool."

Risk Management 221

Risk Management Regulation Management Lending 221

South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Lending Training 195

Banking Exchange

JANUARY 16, 2023

Chief risk officers say they are seeing cybersecurity risks everywhere, new survey shows Risk Management Feature3 Feature Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Security

Risk Management 139

Risk Management Compliance Survey Security 139

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

Conference 221

Conference Las Vegas Fraud Case Study 221

Perficient

FEBRUARY 27, 2023

These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion. This change will force impacted stakeholders to reconsider their services, products, and operational procedures, thus generating new opportunities for automation.

North Carolina 275

North Carolina Charlotte Payments US 275

Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Absolutely not, as the industry continues to be very well-capitalized.

FDIC 195

FDIC Regulation Strategy Data 195

Abrigo

APRIL 25, 2024

Data in this report is current as of Q2 2023 and is representative of market trends and conditions at the time of publication. The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. 1 appeared first on Abrigo.

Lending 221

Lending Trends Capital Strategy 221

Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. They also give the lender tools to monitor and manage the situation.

Risk Management 221

Risk Management Lending Policies Management 221

Perficient

NOVEMBER 27, 2023

According to The Forrester Wave : Process Intelligence Software, Q3 2023 report , “Customer-obsessed companies are adapting how they work internally to deliver shorter turnaround times at higher quality and/or lower cost. Build a reliable risk management strategy using accurate estimations and predictions.

Industry 221

Industry Regulation Compliance Data 221

South State Correspondent

JANUARY 30, 2024

The good news is that for many other areas, budgets are lower at banks compared to last year, and the fact that IT is still positive underscores the strategic imperative that banks face to digitize traditional operations, reduce costs, gain scale, and improve the customer experience. Usually, a bank spends about 8% of its revenue on IT.

Capital 195

Capital Operations Customer Experience Comparison 195

Gonzobanker

JANUARY 4, 2023

Risk plan – Operational risk management is a company-wide discipline that has become the focus of regulators, boards, and the “C” level. That topic is one on which the CIO will lead the planning, but virtually every back-office team – operations, fraud, risk, HR, and marketing – has pieces of the overall risk plan.

Technology 78

Technology System Software Groups 78

Abrigo

JULY 28, 2021

How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began. Preparing for 2023. Would you like other articles like this in your inbox?

Risk Management 195

Risk Management Operations Trends Data 195

Abrigo

FEBRUARY 6, 2024

Yet despite warnings about the high prevalence and high costs of check fraud, many banks and credit unions operate without systematic fraud prevention programs or lack the technology to combat check fraud. which lost $135 million to check fraud in 2023 through Sept ember 30.

Fraud 221

Fraud Training Trends Regional 221

FICO

JANUARY 5, 2023

Four 2023 U.S. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. Thu, 01/05/2023 - 15:45. For those in the financial services industry, 2023 will be the year when U.S. FICO Admin. Tue, 07/02/2019 - 02:45.

Policies 52

Policies Company Regulation Risk Management 52

Abrigo

OCTOBER 10, 2023

Review the 2023 Loan Review Survey results with experts and get their take on emerging trends and best practices register for Webinar Takeaway 1 Effective loan review requires experienced staff, well-organized outsourcing, or a combination of the two. Learn what other banks are doing to manage.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Review the 2023 Loan Review Survey results with experts and get their take on emerging trends and best practices register for Webinar Takeaway 1 Effective loan review requires experienced staff, well-organized outsourcing, or a combination of the two. Learn what other banks are doing to manage.

Training 195

Training Survey Resources Software 195

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

MAY 22, 2024

The piece covers: Statistics on small business lending and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. CFIs can navigate the complexity, but.

Lending 195

Lending St. Louis Community Marketing 195

FICO

JUNE 16, 2023

In case you didn’t get a chance to attend this year, here’s a recap of the top customer management experience themes and presentations. For more insights, read the 2023 Trends Report and download the FICO World presentation at the FICO Resource Center.

Trends 52

Trends Management Customer Experience Resources 52

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

FICO

JANUARY 19, 2023

While UK support will continue through 2023, and possibly into 2024, we can expect to see it provided on a more targeted basis as governments face rising debt burdens as a proportion of GDP. Here are my three predictions for risk management and customer treatment in 2023.

Lending 52

Lending Strategy Analytics Data 52

Abrigo

APRIL 22, 2024

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. A majority of applicants sought less than $100,000.

Lending 243

Lending St. Louis Community Marketing 243

FICO

MAY 3, 2023

Operating at highly organized and relentless levels, fraud networks have become a multibillion-dollar, global problem. Fortunately managing APP fraud is an area of expertise for FICO. The banking and financial services industry must evolve their fraud-fighting strategies at an equally relentless pace to stay one step ahead.

Fraud 52

Fraud Strategy Analytics South Carolina 52

FICO

MAY 10, 2023

As customer journeys and fraud management processes become more integrated and digitized, the outcomes from their automated decisions can influence other decisions made along the chain. This is especially true for fraud and risk management as schemes become more complex. Here are four fundamental steps to get started.

Fraud 52

Fraud Management Customer Experience Analysis 52

Abrigo

MARCH 12, 2021

Board updates are vital for CECL 2023 adopters. CECL updates for directors are critical for financial institutions transitioning to the current expected credit loss (CECL) standard in 2023. It's also beneficial for helping management secure buy-in from key operations involved in the transition. Communicating CECL.

Resources 195

Resources Management Capital Meeting 195

CFPB Monitor

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). The Joint Statement indicates that in March 2021, the FCA announced that the one-week and two-month U.S.

Regulation 78

Regulation Management FDIC Risk Management 78

Abrigo

JULY 25, 2022

Takeaway 2 Ag sector receipts are expected to increase, but so are input costs, so loan demand could pick up by 2023. . Farmers expect worse in 2023. Farmers are indeed anticipating worse conditions in 2023. Develop and manage relationships with ag borrowers. Net farm income to drop 4.5% Over half of U.S.

Lending 195

Lending Kansas City Kansas Resources 195

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! Intrepid payments professional that I am, my thoughts are still lingering on what a great event FICO World 2022 was, the amazing fraud insights we shared, and how excited I already am for FICO World 2023. Find out more and register to attend FICO World 2023.

Fraud 52

Fraud Analytics Trends Innovation 52

Abrigo

SEPTEMBER 7, 2023

Often, those alerts mostly likely are routed to the operations area of the financial institution. Raise your hand about ACH risks. The operations area should communicate with the BSA/AML area if this function is failing. ACH warnings/exceptions matter. Don’t ignore warnings and exceptions generated from the ACH system.

Fraud 221

Fraud Training System Trends 221

Gonzobanker

JUNE 14, 2023

While nearly half of financial institutions surveyed for Cornerstone Advisors’ 2022 and 2023 What’s Going On In Banking studies had BaaS on their radar for a future strategy, those currently pursuing a BaaS strategy, in the process of developing a strategy or considering a strategy all declined year over year. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

Abrigo

JULY 28, 2021

Takeaway 1 The 2023 deadline for CECL implementation is coming, and many SEC filers have said they would have started earlier. . Starting sooner also provides more time to give institution management comparisons of the current ALLL against proposed CECL scenarios and their impact on the provision and capital, so plans can be made.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

JANUARY 31, 2018

The eCommerce marketplace said PayPal will remain a payments option at checkout through this new intermediated model, which, the company said in its blog post, will extend into 2023. The company said eBay sellers will not need to change their accounts and can log in and manage listings on a daily basis.

Payments 149

Payments Customer Experience Risk Management Data 149

Abrigo

NOVEMBER 13, 2023

Read the 2023 Loan Review Survey results for expert analyses of emerging trends WATCH WEBINAR Takeaway 1 Annual loan review is separate from covenant testing and underwriting, but many banks conflate these processes. Perform documentation in a centralized operations function so controls are in place to generate exceptions.

Analysis 195

Analysis Lending System Survey 195

Abrigo

DECEMBER 19, 2022

The whitepapers, checklists, and guides cover everything from regulatory guidance to operational considerations. Understanding cryptocurrency Crypto’s exponential growth, rising prominence, and high-profile risks make a baseline understanding of digital coins and blockchain technology imperative. From crypto to cannabis. Watch Webinar.

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Resources Training Fraud Compliance 195