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The top lending & credit risk blogs of the year

Abrigo

In this article, lending and credit risk expert Dev Strischek of Devon Risk Advisory Group outlined the keys to construction loan success. Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. Community lending software can help get you there.

Lending 221
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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. The agencies are seeking to understand the public’s views on the use of AI by financial institutions in their provision of services to customers.

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We Can All Learn From Crypto.com’s Hack and Response

Perficient

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement. Information security is complex, never ending, and daunting.

Security 294
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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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4 Boosted Business Outcomes for Utilities Fueled by Oracle Cloud

Perficient

For this data to prove value, Utilitiy’s customers need analytics, dashboards, and reporting to consolidate information and highlight important analytics. There is a strong need to be agile and scale quickly to better serve customers and employees with innovation.

Analytics 340
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A step-by-step guide to financial institution strategic planning

Abrigo

Learn how to tap your data to generate management insights. keep me informed Learn more about Abrigo Connect What is your destination? Draw from your personal, industry, or business experience. What specific technologies would you like to see us pursue for a better customer experience? Explore Abrigo Connect.

Lending 221
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APIs, Data Analytics Bring Cash Flow Control To The Back Office

PYMNTS

Integrating digital transactions across different payment channels can result in silos of information if these transactions are deployed on back-office systems that are outdated or rely on manual processes, and these issues can become worse as time passes.

Analytics 319