Abrigo

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. FinCEN said this was done with little to no risk management program. Takeaway 3 Be your champion and fight for whatever is necessary to instill a culture of compliance.

Compliance 150

Compliance Regulation Miami Fraud 150

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

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. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

Perficient

NOVEMBER 27, 2023

This blog was co-authored by Carl Aridas and Joel Thimsen. In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Build a reliable risk management strategy using accurate estimations and predictions.

Industry 221

Industry Regulation Compliance Data 221

Perficient

AUGUST 8, 2020

Microsoft recently announced a plethora of new Teams management capabilities all of which can be used today! These new management features and capabilities rolled out at the end of July, and touch several different areas of Teams management. Teams Management Enhancements. Device Management Enhancements. Power Apps.

Management 332

Management Policies Video Meeting 332

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Top blog posts reflect bank, CU priorities.

Lending 150

Lending Community Bank Software System 150

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam.

Regulation 195

Regulation Fraud Compliance Trends 195

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam.

Regulation 195

Regulation Fraud Compliance Lending 195

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

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

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. But what makes an exceptional BSA Officer?

Training 221

Training Compliance Regulation Software 221

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. Wonderful” O’ Leary, and of course Tom and Gisele. What’s Next?

Regulation 178

Regulation blockchain Marketing Strategy 178

Abrigo

FEBRUARY 14, 2024

What tasks are required per regulations? Include HR to add steps for replacing staff Submit plans to AML program executive management for approval. We can help you navigate changing AML/CFT and fraud regulations. Abrigo's BSA/AML software can help you manage customer or member relationships and stay compliant.

Training 195

Training Fraud Compliance Regulation 195

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. ALM 101: Introduction to Asset/Liability Management. This is the fourth post in a series. .

Management 195

Management Meeting Risk Management Operations 195

Abrigo

FEBRUARY 6, 2024

In this blog post, we will delve into the strategies and policies credit unions can adopt to ensure the success and profitability of their MBL programs. A measured approach allows management to incrementally assemble the resources and expertise to implement a comprehensive program without subjecting the credit union to unnecessary risks.

Lending 221

Lending How To Risk Management Policies 221

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Cyber Due Diligence. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Lending Fraud 150

Abrigo

JANUARY 24, 2024

Realistically assess your organization before taking on another institution with the following questions: Does your staff have the bandwidth to manage a bigger or more complex organization? Find out what auditors and regulators will be looking for as it relates to CECL.

FDIC 195

FDIC Regulation Strategy 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. Would you like other articles like this in your inbox?

Resources 195

Resources Risk Management Study Strategy 195

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time.

Risk Management 221

Risk Management United States FDIC Compliance 221

Abrigo

JANUARY 11, 2022

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. But with a sound and robust ALM model , navigating the uncertainty can become manageable, and the path to the banking Promised Land can be paved.

Management 195

Management Meeting Capital Strategy 195

Abrigo

AUGUST 5, 2020

Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. Therefore, it’s essential that the credit memo captures the complete picture of the borrower to ensure proper risk management. Improving loan grading in a recession. Asset/Liability.

Management 195

Management Risk Management Trends Industry 195

Perficient

MARCH 3, 2023

In our first blog in this series, Blockchain: The Secret Sauce to Supply Chain Visibility , we covered why visibility is so crucial in the supply chain for all parties and gave examples of firms using distributed ledgers to help improve customer service, reduce inventory costs, provide proactive status updates, and help mitigate risk.

blockchain 275

blockchain Management Regulation Resources 275

Accenture

JUNE 2, 2021

Executive Summary Central banks and regulators around the world know climate risk constitutes a growing risk to financial stability. In their role to enable, manage and supervise financial sector (FS) participants in dealing with environmental risks, a number of them have focused on several crucial areas. They should consider….

Regulation 243

Regulation Management Risk Management Analytics 243

Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. Contracts should explicitly address potential default and termination.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

NOVEMBER 25, 2019

Key Takeaways A dynamic asset/liability management (ALM) process can inform sound decision-making in both strategy and risk – but not many FIs approach ALM this way. Many financial institutions view asset/liability management (ALM) strictly as a regulatory requirement. Both have their pros and cons.

Management 195

Management Resources Tools Strategy 195

Insights on Business

JUNE 18, 2019

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Risk management professionals are comfortable with ideas about growth curves and early versus late investment. Risk brings rewards.

Risk Management 185

Risk Management Technology Management Big Data 185

Abrigo

APRIL 27, 2020

BSA program management is not a “one size fits all”. The post Banking Regulators Release April 2020 BSA/AML Examination Manual Updates appeared first on Abrigo. Each institution has unique customers, geographies, product and service offerings, and tolerance for risk as indicated by their enterprise-wide risk assessment. BSA Software.

Regulation 195

Regulation Compliance Software Analytics 195

Cisco

JULY 12, 2022

A key challenge is managing iterations of infrastructure in global financial enterprises which have spanned 50+ years of digitization. This leads to many generations of installed technology sets with diverse hardware and software systems, all that need to be tracked and managed, secured, and audited. Infrastructure Management.

Regulation 71

Regulation FDIC System Software 71

Abrigo

JUNE 3, 2021

By Hannakah Rubin, Risk Management Consultant at Abrigo. Law enforcement is of the opinion that this activity will only become more difficult to manage by FIs. BSA Rules and Regulation. BSA Rules and Regulation. Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of.

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

Abrigo

JANUARY 30, 2024

This year’s conference will feature industry experts, financial institution peers, BSA/AML professionals, CPAs, law enforcement, auditors, and regulators selected especially for their expertise and timely knowledge. Network with bankers, auditors, and regulators Networking has always been table stakes to ThinkBIG conference attendees.

Conference 195

Conference Arizona Phoenix Fraud 195

Abrigo

OCTOBER 14, 2014

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. ” But these inconsistencies pose significant challenges to managing credit risk at financial institutions.

Risk Management 223

Risk Management Management Taxes Analysis 223

Chris Skinner

DECEMBER 16, 2019

Things we’re reading today include … $5 billion flee Hong Kong funds amid unrest Australian regulator investigates Westpac directors, executives after scandal Banks have learnt their lesson on risk management Will the UK really turn into ‘Singapore-on-Thames’ after Brexit?

Risk Management 231

Risk Management Regulation Management 231

Abrigo

APRIL 12, 2023

This blog will examine credit review in more detail. The initial credit grade may change as it moves through the approval process, but many organizations hold the account officer, relationship manager, or the lender responsible for the initial rating. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results."

System 195

System Lending Risk Management Management 195

Accenture

MARCH 23, 2017

Development was evident everywhere—product, but also management teams. I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) It’s relevant not just in banking, but capital markets, wealth management and insurance.

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

Development was evident everywhere—product, but also management teams. I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) It’s relevant not just in banking, but capital markets, wealth management and insurance.

Regulation 150

Regulation Industry Trends Compliance 150