Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.”

System 195

System Regulation How To Lending 195

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. State Regulations. SEC Regulation.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

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

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. You might also be interested in this AML/CFT risk assessment checklist. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

DECEMBER 22, 2023

Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog. Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals.

Risk Management 221

Risk Management Regulation Management Lending 221

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Also, in China, analysts at Yingcan Group pointed to the government’s P2P and marketplace lending crackdown as being likely to shrink the industry by as much as 70 percent this year. In the U.S.,

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. Automated risk management solutions can be helpful in theory.

Compliance 191

Compliance Risk Management Training Analysis 191

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Throughout the pandemic, the Financial Industry Regulatory Authority (FINRA) temporarily suspended the requirement for firms to submit applications for all office locations that were opened as a result of the pandemic.

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? 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. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? 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. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Insights on Business

JANUARY 3, 2019

Cybersecurity risk is at or near the top of every list of concerns for these institutions. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Three pillars of cyber risk management on the cloud. Implementing an effective, end-to-end cyber risk framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. These tips can help ensure compliance while improving your offerings. This step sets the foundation for effectiv e risk management by understanding the unique challenges associated with the product.

Fraud 221

Fraud Training Risk Management Software 221

Perficient

APRIL 18, 2024

Open Banking is going to do for the banking industry what the introduction of the Apple smart phone did for cell phones. What is Open Banking? Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis. ” Albahary concluded, “There should be little doubt that open banking will expand and is here to stay.

Cards 221

Cards Regulation Data Apple 221

Abrigo

DECEMBER 29, 2023

Regular training of lending and credit risk staff helps keep processes and systems in shape to produce good loans. Aside from formal training, one way that banks and credit unions can ensure staff are attuned to the latest regulations and best practices is by routinely sharing lending and credit risk resources.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

FEBRUARY 6, 2024

A common mistake is underestimating the manpower and funding required to maintain a successful program without exceeding risk appetite. The NCUA has emphasized the importance of considering the industries and loans the credit union plans to fund. How robust is your compliance program?

Lending 221

Lending How To Risk Management Policies 221

PYMNTS

MAY 16, 2019

Product compliance and risk management technology firm Decernis is collaborating with Viaware , an IT company in the food contact materials space, to promote compliance in the supply chain. Compliance in the food and food packaging space can be complex , the companies noted.

Compliance 115

Compliance Regulation Risk Management Software 115

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. Contact us today and let’s explore your financial questions together.

Risk Management 221

Risk Management United States FDIC Compliance 221

Abrigo

DECEMBER 22, 2023

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. 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.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

DECEMBER 22, 2023

Smaller banks can be encouraged by these numbers, and S&P Market Intelligence predicts a return to relative construction industry normalcy in 2023. Read this blog for construction delinquency statistics that can help your financial institution better plan and manage their construction loan portfolios.

Lending 221

Lending Risk Management Community Management 221

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

Bobsguide

SEPTEMBER 29, 2017

The financial industry continues to shift at a fast pace, impacted by disruptive fintech and regtech, as well as new complex global regulations and a diversified challenging business environment. As a result the costs associated with complying with financial compliance and risk mitigation are.

Risk Management 123

Risk Management Management Compliance Regulation 123

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. Be aware of existing or emerging risk concerns. percent over the same time period, he says.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

AUGUST 21, 2019

ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo , a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. The software will track chemical use and manage compliance.

Compliance 108

Compliance Innovation Software Risk Management 108

Abrigo

FEBRUARY 16, 2024

Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes. Introduction The importance of efficient credit administration Credit departments play a crucial role in the financial industry, and it is important to ensure that they are functioning at their best.

Training 195

Training Risk Management Analysis Policies 195

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. What’s Next? But please, don’t get cocky.

Regulation 174

Regulation blockchain Marketing Strategy 174

PYMNTS

OCTOBER 16, 2019

The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. However, more than half (51 percent) characterized their AML risk assessment, specifically, as “very” or “completely” effective.

Compliance 123

Compliance Fraud Study Digital Banking 123

Insights on Business

MARCH 19, 2018

Maintaining regulatory compliance is a daunting task. Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. Enter, IBM Watson Compliance. Challenges across industries.

Compliance 135

Compliance Meeting Regulation Comparison 135

Celent Banking

DECEMBER 13, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. Another reason for reluctance about generative AI is the highly regulated nature of banking.

Examples 221

Examples Fraud Resources Risk Management 221

Insights on Business

JANUARY 22, 2018

As we enter a new year, uncertainty in the risk and compliance landscape is as evident as ever. The amount of regulations and pace of change continues to be overwhelming. Topics that will be discussed are: How will FinTech innovation shape the compliance and risk management landscape for regulated firms?

Compliance 105

Compliance Risk Management Meeting Regulation 105

Jack Henry

JUNE 1, 2020

Governance, Risk, and Compliance (GRC) is a strategy to effectively manage enterprise risk in order to achieve compliance with policies, laws, and regulations.

Compliance 149

Compliance Risk Management Strategy Policies 149

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?

Resources 195

Resources Training Fraud Compliance 195

PYMNTS

MAY 29, 2019

UBS shed light this week on a persistent challenge in the traditional financial services industry. Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks.

Regulation 108

Regulation Compliance Capital Resources 108

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. The fintech can take advantage of the bank’s established infrastructure and regulatory compliance to offer banking services to its customers without going through the hassle of obtaining a charter.

Compliance 109

Compliance FDIC Strategy Fintech 109

Insights on Business

FEBRUARY 27, 2018

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. They demonstrated their new approach to achieving compliance through technology at IBM RegTech Europe in London.

Compliance 98

Compliance Risk Management Management Regulation 98

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

Abrigo

OCTOBER 23, 2014

Community banks certainly want to remain conservative with risks and follow regulations. But shareholders also expect profitability and growth, while keeping costs, especially those related to regulatory compliance, down. The regulatory compliance aspect is critical, CEIS notes.

Risk Management 186

Risk Management Management Lending Resources 186