Abrigo

OCTOBER 6, 2017

During a Sageworks webinar on HVCRE risk management Rob Ashbaugh, senior risk management consultant at Sageworks, explained that clarifications on some of the murkier aspects of the HVCRE (high volatility commercial real estate) rule were anticipated by the industry.

Regulation 150

Regulation Risk Management Community Bank Community 150

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. You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring, and Controlling Interest Rate Risk" WATCH. The ALM Basics.

Management 195

Management Meeting Capital Strategy 195

PYMNTS

OCTOBER 23, 2020

It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. But third-party risk is complex and multifaceted, demanding a juggling act of coordination, collaboration and research. Diversifying The Vendor Base.

Management 144

Management Strategy Data Risk Management 144

Abrigo

JULY 6, 2017

The NCUA recently updated the Examiner’s Guide to include what it described as a clear framework for supervisory expectations for managing a commercial lending program. According to the NCUA Report, “The new rule requires active oversight by senior managers and the board.” Assess risk at loan inception 2.

Risk Management 171

Risk Management Lending Policies Management 171

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Managing Risk. Managing liquidity and credit risk are definitely of main concern to FIs.

Fintech 141

Fintech Risk Management Compliance Management 141

CFPB Monitor

MARCH 9, 2020

On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

Risk Management 78

Risk Management Data Management Compliance 78

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. Rather, the industry is a web of collaborators, including fleet managers, drivers, service providers, matchmakers connecting fleets to loads and beyond.

Industry 158

Industry Tools Regulation Management 158

Celent Banking

OCTOBER 12, 2016

This is the definition of operational risk. Therefore, it makes sense to tackle cyber risk with the same tools you use to manage operational risk. We continue to prove that the approach of the IT department managing cybersecurity is not working.

Risk Management 100

Risk Management Operations Management Security 100

Abrigo

JANUARY 22, 2016

.” – Albert Einstein Banks generate most of their revenue by lending money, and lending money, by definition, involves a certain amount of risk. Ensuring compliance with relevant banking laws and regulations 7. Senior management has a huge impact on determining the amount of resources dedicated to loan review.

Resources 150

Resources Lending Risk Management Compliance 150

CFPB Monitor

AUGUST 13, 2021

For certain types of consumer debits, such as check conversions, authorization by notice will still be permitted in accordance with Regulation E. The amendments also add a definition for Recurring Entry to clarify the distinction between Recurring and Subsequent Entries.

Risk Management 78

Risk Management Operations Payments Video 78

Abrigo

OCTOBER 2, 2015

banks and credit unions, according to Graham Dyer, senior manager in Grant Thornton’s National Professional Standards Group. Under CECL, Dyer said recently at the 2015 Risk Management Summit presented by Sageworks, “We’re required to make forecasts of the future – that’s the big hang-up.” This question is a major one for U.S.

How To 150

How To Risk Management Analysis Management 150

CFPB Monitor

AUGUST 6, 2018

For example, it will highlight violations identified through supervision and examiner observations and provide practical steps for managing consumer compliance risks in coordination with similar FRB programs such as the Consumer Compliance Outlook and the Outlook Live webinar series. Mortgage Target Pricing. Small Dollar Loan Pricing.

Compliance 68

Compliance Risk Management Lending Training 68

Insights on Business

DECEMBER 12, 2018

Stories of improper conduct, and new regulations on data protection and privacy such as GDPR, continued to dominate the business headlines, moving from water-cooler conversation to “what about us?” Rather, effectively managing risk comes with a recognition that it is both essential and the responsibility of everyone across the organization.

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

FEBRUARY 28, 2020

It establishes a CU industry security benchmark and identifies potential problems in five major domains: cyber incident management, cyber risk management and oversight, cybersecurity controls, external dependency management and threat intelligence and collaboration.

Data 131

Data California Security Pennsylvania 131

Independent Banker

OCTOBER 1, 2022

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk.

Data 91

Data How To Community Bank California 91

FICO

MAY 18, 2020

Just as organisations were getting to grips with IFRS 9 and its implications, the impact of COVID-19 has created the “perfect storm” for collections as regulators, organisations and customers scramble to understand the economic and financial impact of this pandemic. Regulator Help and Expectations. This is a unique time.

Regulation 52

Regulation Operations Management Data 52

PYMNTS

APRIL 23, 2018

At worst, it will get you into some serious trouble with a regulator. In his brief tenure as interim head, he has halted all new actions, postponed increased regulation on the payday lending market and dropped lawsuits against companies. But in the real world of commerce, confusion is not a great tool. Wells ’ Billion Dollar Fine.

Data 100

Data Google Cards Lending 100

FICO

DECEMBER 15, 2020

One of the basic concepts of fraud protection is to determine what’s normal, what’s not, and how consumer behaviors are changing both of those definitions. One of the ways that banks are using to stay on top of fraud patterns is their embrace of an integrated cloud-based software platform to manage a unified/wholistic view of fraud.

Fraud 52

Fraud Compliance Management Software 52

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. Do we also have a state regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

FICO

DECEMBER 10, 2020

This is despite one-half of survey respondents reporting having strong model governance and management rules in place to support ethical AI usage. Prediction #3: Consumers Will Actively Manage Their Data. As pointed out in the report, "ensuring AI is used responsibly and ethically in business context is a huge, but critical task."

Analytics 98

Analytics Fraud Data Software 98

CFPB Monitor

JUNE 11, 2019

Involve a business model, delivery mechanism, or element that may require the applicant to be licensed or authorized to act as a financial institution or other entity regulated by the Utah Financial Institutions Act. Notably, Utah’s definition expressly includes blockchain technology.

Utah 60

Utah Arizona Regulation Innovation 60

Independent Banker

AUGUST 26, 2015

Federal, state and even local regulators, all eager to jump on the paperless bandwagon, have adopted their own specifications for paperless signatures, often based on conflicting definitions. However, the adoption of electronic signature technology hasn’t been an easy undertaking.

Community Bank 70

Community Bank Minneapolis Community Online 70

Jeff For Banks

NOVEMBER 7, 2015

I've been in this business over 20 years and still don't know the definition of community banking. First National divested the unit because it didn't fit their definition of "community banking". It does not seem like prudent risk management to do so. Banker: Because that's not community banking. Seems risky.

Community Bank 60

Community Bank Community Baltimore Lending 60

FICO

DECEMBER 4, 2019

Wider customer data can help determine if customers are ‘lazy payers’ and they can be warned of fees and how they could fall into the Persistent Debt definition as a result, especially for those paying a low percentage of their balance each month. This has partially been driven by the Persistent Debt regulations introduced in September 2018.

Trends 52

Trends Cards Customer Experience Regulation 52

FICO

APRIL 29, 2021

February 2020 and 2021 results were compared to understand whether the pandemic has had any impact on requests and how they were managed. Whilst there are no regulations that directly impact this type of decisioning, we have seen the following being incorporated into the approve or decline decision process over the last couple of years.

Cards 52

Cards Data Examples Payments 52

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. GenAI is seeing varied use cases in banking.

Examples 222

Examples Fraud Resources Risk Management 222

Insights on Business

FEBRUARY 25, 2019

The requirement for financial institutions to calculate dynamic initial margin is driven mainly by regulation. In this blog, we will be discussing the problem of calculating dynamic initial margin in the context of counterparty credit risk. The definition of initial margin.

Groups 87

Groups Maine Marketing Risk Management 87

Abrigo

APRIL 12, 2021

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. Definition of LOS. A loan origination system automates, manages. Some third-party vendors are regulated by the Federal Financial Institutions Examinations Council (FFIEC).

System 338

System Lending Software Analysis 338

Lex Sokolin

DECEMBER 25, 2019

a wealth management service from Set Protocol. For example, you could get free financial advice from the Schwab roboadvisor, but you will pay the management fee pn the ETFs from which the portfolio is made. If you raised money from SoftBank, you have to take on large risk, while the banks will take another 5 years to touch real DeFi.

blockchain 52

blockchain Bitcoin Software Lending 52

FICO

FEBRUARY 12, 2023

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Here is an excerpt of his top ranking post: Credit limit management is regarded as a key driver to profitable portfolios.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Insights on Business

DECEMBER 17, 2018

The reexamining of GRC has resulted in the evolving the definition to one that is more comprehensive and inclusive in its scope. Today, GRC is discussed as aspiring towards a connected system linking the identification, classification, and management of risk across all lines of defense (LOD).

Compliance 121

Compliance Resources System Risk Management 121

CFPB Monitor

APRIL 28, 2022

As the number and frequency of cyber attacks continue to grow, regulators have attempted to enhance cybersecurity protections via increased and more rigid incident reporting obligations, leading to a constantly shifting regulatory patchwork of varying disclosure and timing obligations. Enacted March 15, 2022.

Report 147

Report FDIC Regulation Security 147

Abrigo

APRIL 19, 2022

Obtaining business and personal financials, but not combining them into a single cash flow It may seem obvious that the above isn’t even a GCF analysis by definition, but this mistake happens. Lending & Credit Risk. Once they find inconsistencies in your calculations they dig deeper.”.

Analysis 195

Analysis Taxes Lending Examples 195

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

blockchain 12

blockchain Trends Fintech social media 12

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

PYMNTS

NOVEMBER 2, 2017

GTreasury , a treasury management company that’s been around for more than three decades, has seen its fair share of changes in the corporate treasury field. Davey described this as a “perfect storm” of factors, including government regulations, cybersecurity risks and other forces at play. “In One is SWIFT’s gpi ,” he said. “It

Innovation 100

Innovation Risk Management Security System 100

PYMNTS

MARCH 5, 2018

Dr. Sebastian Wieser, Mercateo f ounder and member of the management board , recently explained to PYMNTS that this means Wirecard, as a bank, will facilitate B2B payments and enable the platform to shift away from its previous model, in which it temporarily took ownership of a supplier’s product to then sell to a supplier’s customer.

Payments 105

Payments Strategy Fraud Survey 105