Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Issues and Findings Management: Document issues and gaps identified during risk assessments and control testing, crucial for compliance.

New York 221

New York Compliance Regulation Analysis 221

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? Community banks certainly want to remain conservative with risks and follow regulations. But whether outsourced or not, senior management needs to have “high quality, timely portfolio information” so they can make better loan decisions over time.

Risk Management 186

Risk Management Management Lending Resources 186

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. Credit memos are one of the most important documents in the life of the loan, as loan committees use these documents to determine whether or not to approve a loan.

Management 195

Management Risk Management Trends Industry 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." Construction loan management software.

Lending 195

Lending Software Customer Experience Management 195

ABA Community Banking

OCTOBER 3, 2016

Good model stewardship demands policies, sound data, education, documentation, and follow-through ALCO Bank Performance Management Financial Trends Risk Management Rate Risk ALCO Beat.

Risk Management 49

Risk Management Management Policies Trends 49

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. Defining Liquidity.

Management 195

Management Meeting Risk Management Operations 195

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Effective stress testing can benefit many different facets of lending, from risk management and strategic decision-making to capital adequacy and liquidity management. Stress testing and risk management.

Lending 150

Lending Risk Management Analysis Capital 150

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer. Quick Stat.

Oregon 91

Oregon Community Bank Community Meeting 91

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. But a community financial institution often has different needs related to origination than those of a giant lender. Experts say that would be a mistake.

Technology 195

Technology Lending Community Software 195

Abrigo

SEPTEMBER 5, 2023

Portfolio segments should be monitored and managed, not get buried in exception counts. Finally, while there may be a distinction in the severity of risk of the credit exception, that assessment tends to be inherent in the exception itself rather than the subject of the exception (e.g., It just stays on forever.

Policies 195

Policies Lending Risk Management Examples 195

Independent Banker

JUNE 30, 2022

From there, the loan assistant would key it in and produce loan documents. While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. But community banks have adapted to address that shift. That was it. That was the process. Rebeca Romero Rainey.

Lending 141

Lending Idaho Nevada Oregon 141

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 259

Lending Community San Antonio Survey 259

Abrigo

OCTOBER 15, 2020

The flow of approvals is good news for community financial institutions that have been working since late March to provide $525 billion in funding to U.S. Community financial institutions with less than $10 billion in assets had provided nearly half of all PPP funding by the time the program closed Aug. Credit Risk Management.

Payments 222

Payments Lending Community Examples 222

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Lending 195

Lending Risk Management Payments Survey 195

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Lending 195

Lending Risk Management Training Analysis 195

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 195

Abrigo

JUNE 4, 2020

Another, more vague exemption involves the borrower documenting an inability to return to the same level of business activity that the business was operating at before Feb. Manage PPP loans through forgiveness. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Risk Ratings.

Lending 195

Lending Risk Management Management Community 195

Abrigo

APRIL 1, 2015

While the larger banks are receiving the bulk of attention, boards at smaller, community banks are realizing that they’re not immune to this heightened attention. Lynn McKenzie and Edmund Green of KMPG recently contributed an article to Bank Director on how boards can challenge their banks’ management on risk. Audit committee?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

SEPTEMBER 1, 2020

There are multiple benefits to doing this, but here are three: For some community financial institutions, SBA lending represents a new product. SBA lending software that automates the application ( SBA 1919 ), document-gathering, and submitting SBA loan applications to E-Tran , can help – as it did with the PPP. Credit Risk Management.

Lending 195

Lending Risk Management Technology Survey 195

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alogent acquired document imaging and tracking solution provider AccuSystems.

Fintech 103

Fintech Software Illinois Lending 103

Independent Banker

MAY 31, 2021

When I transitioned from a community bank CEO to ICBA president and CEO, my team gave me a beautiful handmade card with notes and best wishes. In this time of change, foundational risk and compliance knowledge will anchor your bank as you navigate new developments. Despite it all, community bankers remained committed to the path ahead.

Course 104

Course Community Bank Community Compliance 104

Jack Henry

OCTOBER 22, 2014

This helps me understand the FI’s products/services, business culture, and face to the community. I also like to check for staff pictures on the chance that I can put a face with a name for the particular employee that I am working with on IT regulatory compliance and risk management efforts.

Community 83

Community Meeting Compliance social media 83

Abrigo

MAY 1, 2020

Manage PPP loans through forgiveness. Guidance for other employers in general on documentation for forgiveness isn’t spelled out specifically. However, the American Institute of CPAs recently published recommendations for PPP loan forgiveness documentation aimed at driving consistency among lenders and reducing borrower confusion.

Taxes 195

Taxes Lending Payments Report 195

Abrigo

FEBRUARY 27, 2020

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. The list goes on, and we haven’t even gotten into creating closing documents or credit presentations.

Lending 243

Lending Survey Data System 243

Perficient

FEBRUARY 4, 2021

Many communities of people with disabilities are very close-knit and if your site is recognized as accessible, this ends up being a competitive advantage. It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. Accessibility Belongs in the Design Phase.

UX 531

UX Guidelines Compliance Study 531

Gonzobanker

NOVEMBER 2, 2023

In the throes of managing balance sheets and loan portfolios and at the same time executing daily “run the bank” operations, bankers are faced with the need to continuously develop new customer experiences and scale enterprise capabilities. And, quite frankly, they’re struggling.

Leadership 154

Leadership Industry Management Resources 154

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. You can also incorporate the results into the asset/liability management model and develop stress testing scenarios down the road. Learn More.

Conference 195

Conference San Antonio Lending Fraud 195

South State Correspondent

FEBRUARY 27, 2022

ARC enables community banks to take advantage of a flat yield curve, differentiate the bank from market competitors, provide a higher level of service to better customers, and instill more relationship business – all of this leads to more loans and more profitable customers. Current Risk in Term Lending. Why ARC Makes Sense.

Lending 195

Lending Community Bank Community Meeting 195

Abrigo

FEBRUARY 23, 2022

However, both of those approaches could hurt bank returns and potentially increase risk for the institution. Another option is to make small business lending more efficient and borrower-friendly so that the financial institution can win, process, and manage more loans without big increases in staffing or other expenses. Learn More.

How To 195

How To Lending Software Survey 195

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. In order to grow significantly, however, a bank may choose to expand its reach into businesses and neighborhoods outside the community - their “comfort zone.

Training 170

Training Policies Analysis Community Bank 170

Abrigo

MAY 22, 2015

The Community Developments Investment s spring newsletter includes an array of data on the small multifamily rental housing market and provides an overview of some of the risk management issues related to commercial real estate lending and small multifamily property lending.

Marketing 150

Marketing Community United States Guidelines 150

Abrigo

SEPTEMBER 21, 2016

Particularly for community banks and credit unions , many of which find themselves in a very competitive environment, growing a loan portfolio can be challenging. Across the banking industry a current strategic focus is loan growth – increasing the portfolio by both acquiring new customers and expanding services offered to existing customers.

Software 150

Software System Risk Management Community Bank 150

Abrigo

JULY 25, 2022

When the pandemic hit and the federal government rolled out the Paycheck Protection Program (PPP), demand from small businesses was so great that many financial institutions had to scramble and ended up working around the clock to help their communities. Develop and manage relationships with ag borrowers.

Lending 195

Lending Kansas City Kansas Resources 195

Abrigo

JUNE 8, 2022

Elder abuse and elder financial exploitation (EFE) are growing concerns in our families and communities, especially as the baby boomer generation hits their senior years. Model Risk Management: Regulatory Priorities and Best Practices. Reports of abuse in this demographic is one of the most common in the United States.

Training 195

Training Fraud National Resources 195

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. Be aware of existing or emerging risk concerns. By Karen Hoffman. Tread carefully with loan growth and underwriting.

Compliance 101

Compliance Regulation Community Bank Community 101

CFPB Monitor

AUGUST 6, 2018

Aimed at “senior executives in banking organizations,” the Bulletin is published by the FRB’s Division of Consumer and Community Affairs with the intent to provide high-level summaries of various consumer protection issues and to enhance the transparency of the Federal Reserve’s consumer compliance supervisory program.

Compliance 68

Compliance Risk Management Lending Training 68