Abrigo

OCTOBER 19, 2023

Abrigo has been awarded a G2 “Leader” badge award for its loan origination and anti-money laundering solutions. Along with these recognitions, Abrigo won “Best Support” and “Easiest to Do Business With” badges for its loan origination platform. What is a G2 award, and why is Abrigo so proud of this win? G2 is the world’s largest and most trusted tech marketplace where users can discover, review, and manage software.

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Software Lending Resources Community 221

Abrigo

OCTOBER 19, 2023

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. You might also like this whitepaper: "Protecting banking customers starts with you." DOWNLOAD Takeaway 1 Cybersecurity Awareness Month, in its 20th year, highlights the shared responsibility of everyone to safeguard their digital data and assets.

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Online Security Resources Training 221

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

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Training Compliance Fraud Policies 195

Abrigo

SEPTEMBER 25, 2023

The SAFER Banking Act could allow financial institutions to profitably bank MRBs Legislation that could bridge the gap between federal and state marijuana policies for banks is on the move. Learn its history and how it benefits financial institutions. You might also like this podcast, "To be blunt: The ins and outs of cannabis-related banking." LISTEN NOW Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana leg

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Abrigo

SEPTEMBER 8, 2023

How to comply with both Reg CC and fraud requirements Read about the rules outlined by Reg CC, the circumstances that allow exceptions, and what to do when your financial institution suspects fraud. Learn strong approaches to identifying, evaluating, and reporting suspicious activity in this BSA Guidebook Download now Takeaway 1 Reg CC requirements can sometimes feel at odds with anti-fraud efforts, especially because check fraud is such a problem.

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Fraud Training Regulation Compliance 195

Abrigo

SEPTEMBER 6, 2023

Takeaway 1 Check fraud detection is a critical component of AML programs because it is one type of fraud that continues to trend upward in financial institutions. Takeaway 2 According to the FBI, reported losses from check fraud total $1 8 billion annually. AML professionals must constantly monitor for ways this could affect their customers or members.

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Fraud Trends Training System 195

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Takeaway 1 Unlike ACH transfers and personal payment options like Venmo, FedNow transactions can complete core clearing and settlement within seconds.

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Fraud Payments Security Resources 195

Abrigo

MAY 24, 2023

The SAFE Banking Act could bridge the state and federal cannabis banking gap Read more for the legislation's history and how it benefits financial institutions looking to profitably bank CRBs. You might also like this whitepaper, "Cannabis and financial institutions: Providing services to cannabis-related businesses." Download now Takeaway 1 Under current federal law, banks and credit unions face federal prosecution and penalties if they provide services to legal marijuana-related businesses.

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Lending Fraud Operations Ohio 195

Abrigo

MARCH 21, 2023

Strategies for earning more in rising rates Financial institutions need to be intentional with funding strategies and loan pricing models. You might also like this video on managing interest rate risk. WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio.

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits.

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Community Bank Kansas City Community Lending 195

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." register now Takeaway 1 The FinCEN priorities underscore the major financial crime issues facing the U.S.

Fraud 195

Fraud United States Training Policies 195

Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. You might also like this checklist for preparing for the CFPB 1071 rule DOWNLOAD Takeaway 1 Bank and credit union executives are worried about complying with the CFPB's upcoming final rule on small business loan application data.

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Data Lending Compliance Resources 195

Abrigo

JANUARY 13, 2023

FinCEN human smuggling alert Human smuggling is distinctly different from human trafficking, and it's on the rise on the southwestern U.S. border. Know the red flags to watch for. You might like this upcoming webinar, " Human trafficking awareness: Detecting, reporting, and partnering for survivors." Register now. Takeaway 1 The southwest border is a hotbed for human smuggling.

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social media Training San Antonio National 195

Abrigo

JANUARY 11, 2023

Large sporting events like the Super Bowl exacerbate human trafficking Financial institutions may see increased signs of human trafficking during the upcoming Super Bowl. Know the red flags to watch for. . You might like this upcoming webinar, " Human trafficking awareness: Detecting, reporting, and partnering for survivors." Register now. Takeaway 1 A consistent spike in reported incidents around January and February points to the Super Bowl as a hot spot for human trafficking.

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Training Software Tampa Regulation 195

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. The FTC's top ten scams to watch for can help. . You might also like this whitepaper, "Understanding cryptocurrency." DOWNLOAD WHITEPAPER. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud.

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social media Fraud cryptocurrency Trends 195

Abrigo

JANUARY 3, 2023

Sound construction loan principles and processes Start with the basics to build a successful construction loan operation at your financial institution. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loans are short-term loans that are considered risky because they involve long-term exposure to collateral.

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Lending Policies Survey Risk Management 195

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. You might also like this resource: "BSA/AML Risk Assessment Checklist." DOWNLOAD . Takeaway 1 Many typologies exacerbated by the pandemic continue to provide criminals success, and more complex schemes are surfacing.

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Abrigo

OCTOBER 4, 2022

Financial institutions must plan to take advantage of rising rates. Several factors make this rising-rate environment different, so strong asset/liability management is critical for increased earnings. You might also like this checklist, "6 Reasons to update your core deposit analysis." DOWNLOAD . Takeaway 1 Banks and credit unions can increase earnings in a rising-rate environment with careful asset/liability management.

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Strategy eBook Security Management 195

Abrigo

SEPTEMBER 28, 2022

Construction loan administration Find out how today's technology has changed the shape of construction loan administration, creating a better customer experience and reducing risk. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loan administration can be tedious and complex.

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Lending Software Customer Experience Management 195

Abrigo

SEPTEMBER 28, 2022

Construction loan spreadsheets are slowing you down. Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 There was a time when spreadsheets were your best choice for tracking construction loans.

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Lending Software Risk Management Management 195

Abrigo

SEPTEMBER 21, 2022

Driving efficiency and reducing risk Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loan risk management software can modernizing the administration of construction loans and increase draw interest by 12%.

Risk Management 195

Risk Management Software Management Lending 195

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Would you like other articles like this in your inbox? Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting.

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Risk Management Management Regulation Analysis 195

Abrigo

JUNE 30, 2022

What Are the Loan Betas in Your Plan for Rising Interest Rates? Loan betas, or how rates for new and repriced loans will act as interest rates rise, are critical ALM inputs for NIM forecasts. . You might also like this webinar, "Banking in a Rising Rate Environment: Myth Busters Panel." WATCH . Takeaway 1 In prior rising-rate environments, inaccurate loan betas have led to net interest margin gains falling short of ALM model projections.

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Abrigo

JUNE 29, 2022

Ag Sector Outlook Presents Opportunity and Risk for Lenders Higher prices for agricultural producers and continued gains in farmland values are meeting rising interest rates and input costs. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." WATCH. More Unpredictable Than 2019-2021. The general U.S. agricultural sector outlook.

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Kansas City Kansas Lending Oklahoma 195

Abrigo

MAY 12, 2022

This post was substantially updated from the one originally published July 19, 2019. Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? These measures can help. Would you like other articles like this in your inbox? Takeaway 1 Sophisticated cybercrime attacks target various sectors, including government, finance, education, energy, and health care.

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Fraud Training cryptocurrency Software 195

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. Would you like other articles like this in your inbox? Takeaway 1 An estimated 38% of Americans 12 and older listen to at least one podcast each month, .

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Community Lending Maine Resources 195

Abrigo

MAY 2, 2022

Confident Risk Management Begins with Sound Loan Policy A risk-based approach to loan policy can effectively improve your institution's profitability. You might also like this webinar on loan policy best practices. WATCH. Takeaway 1 Loan policy is the foundation of a risk-focused financial institution, and it requires regular updates and monitoring to be effective.

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Policies Lending Regulation Examples 195

Abrigo

APRIL 28, 2022

How Core Deposit Analytics Help Banks and Credit Unions Plan For Rising Rates Core deposit analytics provide a wealth of information for strategic planning, deposit pricing, product development, and more. How to get the most out of a core deposit study. You might also like this webinar, "Analyzing Core Deposits for Risk Management & Loan Growth." watch.

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Study Analytics Strategy Management 195

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. But small banks and credit unions can benefit from the stress test scenarios, too. You might also like this whitepaper, "Portfolio Stress Testing: Staying Ahead of Economic Downturns.

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Capital Regulation Risk Management Community 195

Abrigo

MARCH 15, 2022

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Would you like other articles like this in your inbox? Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

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Online Lending Survey Digital Banking 195

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. You might also like this whitepaper on combatting domestic terrorism financing DOWNLOAD . Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

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cryptocurrency Regulation Fraud Policies 195

Abrigo

FEBRUARY 10, 2022

AMLA will see changes in 2022 Now is an optimal time to evaluate the effectiveness of your beneficial ownership and due diligence program. . You might also like this webinar on the changes related to the AMLA. WATCH. Takeaway 1 In the aftermath of the Pandora Papers, AMLA heightened measures to discourage bad actors. Takeaway 2 Current beneficial ownership requirements emphasize the importance of knowing your customers.

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Training Regulation Report Compliance 195

Abrigo

FEBRUARY 11, 2022

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Register. Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard. Takeaway 2 Some financial institutions had hoped for a delay, but a majority of members voted for a consistent accounting standard on schedule.

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Resources Regulation Community Bank Community 195

Abrigo

JANUARY 27, 2022

Higher Fed Rates Ahead: Plan Now to Manage Impact on Deposits The Fed's signal of higher interest rates reiterates the importance of financial institution ALM and deposit management strategies, policies, and programs. . You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring and Controlling IRR" WATCH . Takeaway 1 Without proper ALM planning and deposit management, the expected Fed rate hike might not generate expected rewards. .

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Strategy Management Policies Lending 195

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Learn top best practices for leading a successful software implementation. DOWNLOAD WHITEPAPER . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

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Fintech How To Innovation System 195

Abrigo

DECEMBER 17, 2021

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Would you like other articles like this in your inbox? Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. Takeaway 2 Now is the time to analyze staffing levels and the risk of losing valuable members of your team. .

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Compliance Training Fraud Resources 195

Abrigo

DECEMBER 10, 2021

New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. Would you like other articles like this in your inbox? Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. Takeaway 2 AML programs should be reviewed to ensure all current regulatory expectations are addressed.

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