Abrigo

JUNE 23, 2020

Learn from your peers and hear what problems they are dealing with in our Abrigo Community, exclusive to our customers. Community financial institutions are often tasked with doing more with less. At Abrigo, we understand that making an investment in software is a serious decision that can take ample resources. Abrigo Community.

Software 195

Software Community Fraud Resources 195

Abrigo

SEPTEMBER 11, 2023

You might also like this webinar, "Banking as a service: Objectives, opportunities, and obstacles." Automation also helped financial institutions better serve their communities by, for example, reducing the time it takes to process a loan application. Fintechs have developed a strong competency around these advances.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. For more help dealing with regulatory challenges, visit Sageworks’ resources section.

Regulation 150

Regulation FDIC Survey Community Bank 150

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 10, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

Abrigo

JULY 13, 2023

Takeaway 3 Consider providing resources teaching your customers red flags to watch for to avoid pig butchering scams. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams. The goodwill your institution will gain in the community will be invaluable.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

DECEMBER 11, 2014

While the final guidance clearly applies to larger financial institutions, community banks should still take note. ” The section further details this would only occur under extraordinary circumstances, but community banks should be aware of the new framework and even consider applying the guidelines as a proactive, best practice.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

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. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

JUNE 18, 2020

Key Takeaways The Paycheck Protection Program (PPP) has been a critical foothold for community financial institutions seeking to obtain and diversify business lending relationships. Credit unions, on the other hand, embraced the opportunity to gain traction with small businesses, reinforcing their commitments to supporting local communities.

Lending 195

Lending Strategy Resources Community 195

Abrigo

SEPTEMBER 7, 2023

You might also like this on-demand webinar, "Identifying emerging CRE risks." Separate and unconnected sources of lending and credit data, lack of technical resources, and simply overwhelming amounts of information are common barriers to creating lender dashboards or credit overviews.

Report 195

Report Lending Trends Data 195

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. A CFPB 1071 resource page for lenders , content, and educational webinars will walk lenders through requirements and preparations.

Data 195

Data Lending Compliance Resources 195

Abrigo

DECEMBER 8, 2021

If the board does not understand the Bank Secrecy Act (BSA) and your anti-money laundering (AML) program, they may not fully understand their role, affecting much-needed resources down the road. Discuss how the community benefits from being instrumental in stopping illicit activity.

Training 195

Training Resources Video Compliance 195

Abrigo

JANUARY 17, 2023

You might also like this on-demand webinar, "Strategies to grow your commercial loan portfolio." In my experience, community banks only do what they have to do. Loan Review and regulators love this as well. You also know when a function is habitually late and whether you might need to hire or shift more resources.

Lending 195

Lending System Customer Experience Case Study 195

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. This is one of the great mysteries of community banking. Almost every community bank touts its commitment to the relationship.

How To 195

How To Examples Resources Community Bank 195

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Win more small business deals: Watch this webinar on SMB Lending Best Practices. Would you like other articles like this in your inbox?

Lending 195

Lending Community Bank Community Analysis 195

Abrigo

DECEMBER 8, 2014

While regulatory guidance outlines the framework for the methodology, institutions can be at a loss for resources regarding more granular details of the ALLL calculation: • What steps can I take to reduce regulatory scrutiny? The site will include, among other things: • Regulation news. • Calculation best practices.

Resources 223

Resources Community Regulation Industry 223

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. During the webinar, Felicity Ours, CPA, CRC, of Summit Financial Group (NASDAQ: SMMF), a $2.2 said financial institutions must devote the appropriate resources to the CECL process. “We

West Virginia 195

West Virginia Virginia Data Community 195

Abrigo

JUNE 28, 2023

They wear many hats, especially in smaller community banks and credit unions. It also provides justification for more resources when needed. Community outreach and kudos If you or someone in your department is developing training or content for community outreach education, make sure your board is aware of those efforts.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

NOVEMBER 15, 2019

Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. A strong loan review function is especially important for helping financial institutions be nimble, he explained during the recent webinar “ Best Practices for Credit Analysts.”

System 150

System Lending Compliance Risk Management 150

Abrigo

APRIL 26, 2022

You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." Kleptocrats steal the public’s wealth for personal gain and use their positions of power and access to state-owned resources for their benefit. The $25 million assessment was the largest imposed by regulators at that time.

Training 195

Training Regulation System National 195

Abrigo

AUGUST 20, 2021

The activity stretches from crimes we know, such as phishing, internet auction fraud, and advanced fee schemes to human trafficking, illegal trade in natural resources (diamonds, timber, etc.), Start with Part 1: Implications for Community Financial Institutions. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training Strategy Fraud National 195

Abrigo

APRIL 21, 2020

Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. How to fund PPP loans.

Lending 195

Lending Capital Minnesota FDIC 195

Abrigo

AUGUST 2, 2017

During a session of the CECL Methodology Webinar Series in April, Sageworks asked more than 200 community financial institution managers and executives, “What area do you feel will see the largest impact under CECL?” Regulators plan to monitor changes to institutions’ regulatory capital as the new credit loss methodology is adopted.

Capital 150

Capital Survey Resources Community 150

Abrigo

JUNE 13, 2022

These crimes can result in significant loss of financial resources for the victims and often greatly impact their quality of life. The latest survey indicates that COVID-19 has impacted bank community engagement. However, banks continue their outreach to older customers, with 47% of respondents hosting community events.

Fraud 195

Fraud Training United States Survey 195

Abrigo

JULY 21, 2021

See Part I: Implications for Community Financial Institutions. Continuing education is vital to our profession and resources for learning are numerous. If you are a member of a professional association or group, regularly check in on available webinars and online training. BSA Rules and Regulation. Continuing education.

Training 195

Training National Strategy Regulation 195

Abrigo

NOVEMBER 9, 2022

In addition, as FASB officials have noted, internal and external resources become more stretched and valuable the closer the deadline. Technology can ease pressure on staffing and internal resources, a category identified by 42% of respondents as one of their biggest challenges so far. CECL Regulation. keep me informed.

Survey 195

Survey Software Resources Meeting 195

Abrigo

MAY 30, 2023

June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B. Would you like to stay up to date on CFPB 1071 implementation? We can help you navigate 1071 deadlines and compliance.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

JUNE 12, 2020

Get accurate, up-to-date information and resources on the CARES Act and Paycheck Protection Program. The Independent Community Bankers of America (ICBA) was among groups that had requested increased participation rates from the Fed. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation.

Maine 195

Maine Lending Regulation Resources 195

CFPB Monitor

FEBRUARY 28, 2017

The ABA observes that while larger institutions have the resources to develop secure portals and the ability to impose privacy and data security requirements through contractual provisions negotiated with aggregators, community banks typically lack the resources to negotiate directly with aggregators. to 1:00 p.m.,

Resources 60

Resources Data Security Community Bank 60

Abrigo

FEBRUARY 27, 2020

Our Transparent AI is easy to explain to regulators. . Emerging technologies and financial innovation have been at the forefront of the anti-money laundering and anti-financial crimes community for several years. Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. learn more. Learn More.

Innovation 195

Innovation Software United States Compliance 195

Abrigo

MAY 15, 2020

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. This is welcomed news for community financial institutions. The Fed has recently announced the first arrests in connection with PPP fraud. learn more.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See additional resources (whitepapers, webinars, worksheets, etc.)

North Carolina 150

North Carolina Ohio DC Regional 150

Abrigo

DECEMBER 10, 2019

These crimes can result is significant loss of financial resources for the victims and often greatly impact their quality of life. Fifty-six percent of all survey respondents host community outreach and education events for older customers. BSA Rules and Regulation. BSA Rules and Regulation. Cannabis Banking. Learn More.

Fraud 284

Fraud Study United States Training 284

Abrigo

APRIL 12, 2016

Nevertheless, the Supervisory Insights publication “incorporates more recent guidance and technical resources, including significant bank-governance insights and experiences that have been gained since 1988.” Risk appetite means a set of objectives and risk parameters within which senior management should operate,” the regulator said.

Management 150

Management FDIC Risk Management Community Bank 150

Social Assurance

MAY 22, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s (CRA) framework. To help you prepare, we created this overview of the critical changes in regulation. Expanded Qualifying Activities for CRA Consideration. Key Takeaway. Key Takeaway.

Compliance 29

Compliance Regulation Community Guidelines 29

Independent Banker

JULY 28, 2016

She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. To their credit, federal regulators have already showed they are on board with the approach laid out in FASB’s final standard. Senate Banking Committee. By James Kendrick.

Community Bank 70

Community Bank Community Connecticut Regulation 70