Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Risk Management 150

Risk Management Management Analysis Resources 150

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis 195

Analysis Industry Risk Management Lending 195

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Open banking-facilitated apps can offer tailored support, reducing the need for in-person services.

Security 174

Security Fintech Data Fraud 174

Insights on Business

JUNE 11, 2019

Compared to traditional data centers, I believe that cloud computing has several characteristics that make it an attractive platform for risk management. First of all, the compute requirements for risk management can vary over time. An additional IT support service contract is not required for the microservices.

Risk Management 87

Risk Management Management Examples Resources 87

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies.

Regulation 309

Regulation Industry Risk Management Analysis 309

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.

Report 195

Report Risk Management Capital Data 195

South State Correspondent

APRIL 23, 2023

The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple. Bankers need to understand and manage their business on the fair value of assets and liabilities instead of managing their business on net interest margin and the amortized historical cost of assets and liabilities.

Management 195

Management Security Risk Management social media 195

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 86

Operations System Groups Technology 86

FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws.

Risk Management 40

Risk Management Management Security Guidelines 40

Abrigo

JULY 27, 2023

From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

APRIL 25, 2024

Financial institutions can consider this information to benchmark trends at their own institution and to evaluate plans. At the same time, 59% pursued credit to meet operating expenses. Additionally, the data shows that loans to SMBs, like mortgages, have been highly sensitive to the changes in interest rates.

Lending 222

Lending Trends Capital Strategy 222

Abrigo

MAY 11, 2020

The financial services industry is often cautious about moving data to the cloud, and rightly so with a heavy concentration of customers’ private information. Security breaches involving cloud computing highlight the importance of sound security controls and a clear understanding of cloud service providers’ risk management policies.

Data 195

Data Training Risk Management Software 195

Abrigo

JANUARY 24, 2024

These failures were primarily brought on by liquidity concerns around bank stability from severely decreased values of bank security portfolios and inadequate equity to absorb the hit. On-site evaluations aren't typically an option, so bidders need to absorb and analyze this data quickly for informed decision-making.

FDIC 195

FDIC Regulation Strategy Data 195

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

FEBRUARY 10, 2021

Solutions like telemedicine, secure patient data management platforms, and prediction software incorporating big data and IoT are becoming increasingly integral to the success of healthcare companies, and the pandemic is accelerating their development. Security, Data Privacy, and Intellectual Property Protection.

Software 294

Software Innovation Company America 294

CFPB Monitor

SEPTEMBER 8, 2022

Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements. This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations.

Fintech 146

Fintech Risk Management Conference Lending 146

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books.

System 195

System Lending Software Risk Management 195

Abrigo

JULY 25, 2023

ACH credit and debit transfers and mobile personal payment options like Venmo can take hours or days to settle between the sender and receiver’s accounts, even if information confirming transfer requests is conveyed more quickly. The sender’s bank submits the payment information to the FedNow Service.

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used.

Fraud 270

Fraud Compliance cryptocurrency Security 270

Celent Banking

OCTOBER 12, 2016

Most cyberattacks succeed because of weaknesses in people, processes, controls and operations. 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.

Risk Management 100

Risk Management Operations Management Security 100

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Operational risks transcend all departments of a bank.

Risk Management 40

Risk Management Management Operations Meeting 40

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

Bobsguide

OCTOBER 1, 2022

SIX, the Swiss leading financial data vendor, joins forces with Prometeia , a global provider of advanced analytics, software solutions and consulting services, to offer a risk indicator that aims at complementing existing regulatory risk ratings for all asset classes. The company is owned by its users (120 banks). million in 2021.

Analytics 97

Analytics Risk Management Management Regulation 97

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. regions, cloud)?

Cyber Security 70

Cyber Security Management Security Risk Management 70

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems operations and availability concerns.

Cyber Security 100

Cyber Security Regulation Security New York 100

PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. The Government Accountability Office (GAO) noted in a report Friday (Oct.

Report 348

Report System Regulation Technology 348

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

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

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. At least two local CUs — First Choice Federal Credit Union and Inspired Federal Credit Union — even filed class-action lawsuits against Wawa for not adhering to best security practices.

Data 131

Data California Security Pennsylvania 131

PYMNTS

JUNE 4, 2020

The lenders integrate with APIs from the customers’ home banks to quickly access information that would help in verifying applicants’ identities and making approval decisions. Why Tightening Security Will Advance Open Banking. Around The AML/KYC Landscape. Find more about these and the rest of the latest headlines in the Tracker.

Report 158

Report Fraud Security Fintech 158

PYMNTS

JANUARY 3, 2019

However, as covered in a new PYMNTS discussion between Karen Webster and Rich Baich, chief information security officer for Wells Fargo , that realization is no cause for despair — as long as companies and other organizations adopt the right mindset about preparing for and fighting against such threats.

National 169

National Security Risk Management Fraud 169

PYMNTS

OCTOBER 30, 2019

Where the rubber hits the road — in terms of executing those ideas — is when the plans to switch to an instant payments paradigm are taken to those enforcing compliance and risk, she said, and when firms start taking a real look at how they can get instant payments up and running as an option safely and securely. .

Payments 104

Payments Risk Management Security Fraud 104

Independent Banker

OCTOBER 1, 2022

Shielding sensitive customer information from prying eyes remains a chronic industry challenge. But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Bob Hickok.

Data 91

Data How To Community Bank California 91

Independent Banker

MAY 31, 2022

“We have absolutely seen a rise in fraud of all types in recent months and years,” says Scottie Luke, senior vice president and chief risk officer for the community bank’s risk management department. The bank works hard to prevent attacks with many defensive layers of security. Secure your telecommunications.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. V-CIP’s biggest advantage is the elimination of risks associated with secure transmission and storage of documents.

Video 175

Video Capital Lending Security 175