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."

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Risk Management Regulation Management Lending 221

Abrigo

DECEMBER 22, 2023

The most-read lending & credit 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. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

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Lending Risk Management Community Management 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.

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New York Compliance Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York 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.

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Conference Las Vegas Fraud Case Study 221

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. Find out what auditors and regulators will be looking for as it relates to CECL.

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FDIC Regulation Strategy Data 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.

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Fraud Training Compliance Trends 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.

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Policies Company Regulation Risk Management 52

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." Regulators foster prudent loan modifications.

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Management Risk Management Policies Lending 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

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.

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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

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.

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Regulation Management FDIC Risk Management 78

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.

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Lending Strategy Analytics Data 52

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

FICO

MAY 3, 2023

Operating at highly organized and relentless levels, fraud networks have become a multibillion-dollar, global problem. The reputation of lenders is being eroded and the issue is attracting scrutiny from regulators. Millions of individuals have been left vulnerable, and most (two of out three customers) expect banks to refund victims.

Fraud 52

Fraud Strategy Analytics South Carolina 52

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? From crypto to cannabis.

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Resources Training Fraud Compliance 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

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

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.

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Resources Management Capital Meeting 195

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. The CFPB plans to issue a final rule implementing Section 1071 small-business reporting requirements by the end of March 2023, according to court filing. Those implementing regulations were coming.

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Lending Data Regulation Community 195

Abrigo

NOVEMBER 17, 2023

billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. According to the Federal Trade Commission (FTC), consumers lost $8.8

Fraud 195

Fraud Training Trends Compliance 195

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. . CECL has been in the works for more than a decade, and regulators have repeatedly urged bankers to prepare for what the American Bankers Association has called the biggest change to bank accounting ever.

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Resources San Antonio Data Regulation 195

Gonzobanker

JULY 10, 2020

Forty-five percent expect it to be 2023 and beyond. How do we elevate our credit and operational risk visibility to ensure capital preservation and demonstrate strength to stakeholders? Risk Management. Will that earn you favor with those same regulators? Will an ITM or ATM be enough to retain customers?

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Risk Management Capital Strategy social media 88

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.

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Analysis Lending System Survey 195

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

BankUnderground

APRIL 13, 2023

This will ensure that insurers continue to accurately assess and manage risks in line with their risk appetite, and that capital for solvency purposes remains appropriate. Thus, in line with climate and weather-related risk more widely, we argue for capability building in both regulators and the wider industry.

Capital 84

Capital Policies Risk Management Maine 84

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 Because real estate often collateralizes rural loans, diminishing land prices are a factor that regulators will ask community banks to keep monitoring. Rural housing loans.

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Community Bank Kansas City Community Iowa 70

Independent Banker

OCTOBER 1, 2022

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk.

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Data How To Community Bank California 91

FICO

FEBRUARY 1, 2023

By the time they’re flagged as being at-risk it may be too late to avert the slide into delinquency. Regulators have been pressing for banks and lenders to ensure they’re working at the speed and scale of their market — or even faster. Read more background to the IFRS 9 learnings on models and operations.

Management 52

Management Fraud Strategy Analysis 52

FICO

SEPTEMBER 20, 2022

I recently sat down with Scott to talk about how fraud operations groups can benefit from Responsible AI technology and why they should care. How Does Responsible AI Fit into Fraud Operations? When thinking about day-to-day operations, how does Responsible AI actually apply to the fraud world right now?

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Fraud Analytics Strategy System 52

FICO

FEBRUARY 12, 2023

Simplify Complex Loan Pricing Problems Outpricing the competition means directly tackling the complexity of the loan pricing problems financial services face in today’s crowded, dynamic, and highly regulated markets. You need to establish a learning culture where you can rethink the way your organization operates.

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Digital Banking eBook Analytics Customer Experience 52