Insights on Business

JANUARY 3, 2019

To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework. Three pillars of cyber risk management on the cloud.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Abrigo

DECEMBER 22, 2023

Reduce operating cost while ensuring loan policy consistency. keep me informed download How to create a sound credit risk rating system Banks and credit unions often use a standardized risk rating system for internal monitoring of credit risk. Community lending software can help get you there.

Lending 221

Lending Risk Management Community Management 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

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.

Risk Management 87

Risk Management Management Examples Resources 87

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 107

Risk Management Fraud Management Survey 107

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

AUGUST 31, 2017

Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. In one instance in which that wasn’t the case, Credit Suisse last year sold a bond that was tied to the operational risk of the bank.

Operations 101

Operations Risk Management Management Meeting 101

Abrigo

MAY 19, 2023

Does your loan review system meet regulatory expectations? Read more for specific objectives every loan review system should meet. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

System 195

System Regulation How To Lending 195

Insights on Business

NOVEMBER 28, 2018

While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed data centers. These include: The capability to scale compute resources up and down to meet demand.

Risk Management 102

Risk Management Innovation Management Resources 102

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. Rachel Adeney and Amy Fraser.

Operations 87

Operations Policies System Regulation 87

ABA Community Banking

SEPTEMBER 11, 2015

As models proliferate in all banks, regulators demand detailed process to police them ALCO Management Duties Risk Management Operational Risk ALCO Beat.

Risk Management 40

Risk Management Management Meeting Regulation 40

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes. About The Co-operative Bank. For more information, visit finastra.com.

Operations 68

Operations Strategy Innovation Policies 68

Abrigo

APRIL 25, 2024

At the same time, 59% pursued credit to meet operating expenses. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates. A majority of applicants sought less than $100,000. 1 appeared first on Abrigo.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

APRIL 26, 2017

A: We focus on innovating business value that meets business demand. In our CAB meetings, we focus on innovating solutions that can help eliminate regulatory and market challenges and plan for surprises, such as the financial crisis of 2008 or the recent political and currency volatility that we’re experiencing around the world today.

Risk Management 100

Risk Management Management Innovation Resources 100

Perficient

JANUARY 31, 2022

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. The Crypto.com hack exposes shortcomings of multi-factor authentication.

Security 294

Security Risk Management Knowledge Base Customer Experience 294

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

Insights on Business

MARCH 19, 2018

Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs. IBM Watson Regulatory Compliance is a cognitive cloud solution that streamlines compliance management, while improving risk management and reduces costs and complexity.

Compliance 135

Compliance Meeting Regulation Comparison 135

ABA Community Banking

FEBRUARY 11, 2019

Envisioning a Future of Prevention Feature Technology Risk Management AML & Fraud Tech Management Security Operational Risk Cyberfraud/ID Theft Feature3 Fintech Compliance Compliance Management.

Meeting 72

Meeting Risk Management Compliance Fraud 72

Abrigo

MARCH 13, 2024

Here’s how banks and credit unions with strong CRE risk management can identify weakening property loans, assess them, triage them, and assist with their prognosis and treatment. Finally, any failure to deliver required financial information in a timely manner (including rent rolls/operating statements) or any covenant defaults (e.g.,

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

FEBRUARY 10, 2020

She will continue to report to Tom Gandre, executive vice president and chief operating officer. . “As As the nation’s premier payments credit union service organization [CUSO] and a leader in the credit union industry, PSCU is continuously looking for ways to meet and exceed the expectations of the credit unions we serve,” said Gandre.

Innovation 210

Innovation Leadership Washington Cards 210

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. Liquidity: capacity to meet obligations at a reasonable cost.

Management 195

Management Meeting Risk Management Operations 195

Abrigo

MAY 19, 2023

Takeaway 2 There are many qualifications that a loan reviewer should have in order to meet the frequency, scope, and depth of their work. So, what kind of qualifications should a loan reviewer have in order to meet the frequency, scope, and depth of reviews? As Robert Frost observed, “education is hanging around until you’ve caught on.”

Training 195

Training Lending Risk Management Guidelines 195

Gonzobanker

APRIL 28, 2020

This team should be working overtime to create a top-notch credit risk analytics capability that will be ready when the walls rattle after loan payment deferrals end. Priority #3: Realign Business Priorities and Operations. Maintaining normal operations is challenging in these times; it’s even harder to maintain sales momentum.

Strategy 78

Strategy Meeting Leadership Operations 78

Abrigo

MAY 18, 2023

Takeaway 3 Use these tools to consider how much their resources can support while meeting regulatory expectations. Considering the scope and depth of your financial institution’s loan review process is a great way to identify gaps in training and create more efficient operations.

Lending 195

Lending Training Guidelines Policies 195

Abrigo

DECEMBER 23, 2022

It begins by outlining and answering   four of the most common questions   about asset/liability management  that Abrigo's  ALM consultants  hear and then moves on to goal - setting and ALM management approaches. Liquidity risk Regulators expec t banks and credit unions to maintain adequate levels of liquidity.

Resources 195

Resources Risk Management Study Strategy 195

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

Independent Banker

JANUARY 31, 2022

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Digital account opening. Think about it this way,” Potts says.

Community Bank 159

Community Bank Community Fintech Risk Management 159

South State Correspondent

APRIL 30, 2024

Eliminate Interest Rate Risk: Eliminate margin compression when interest rates rise. Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. We believe that community banks should choose a path that offers the most operational flexibility.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Eliminate Interest Rate Risk: Eliminate margin compression when interest rates rise. Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. We believe that community banks should choose a path that offers the most operational flexibility.

Community Bank 195

Community Bank FDIC Community National 195

Abrigo

SEPTEMBER 21, 2021

Another trait that is important for a loan reviewer to have in order to operate an effective loan review function is curiosity, Cooley says. Credit Risk Management. Credit Risk Regulation. Lending & Credit Risk. Risk Ratings. Credit Risk Management. Lending & Credit Risk.

Video 195

Video Analysis Risk Management Training 195

Abrigo

DECEMBER 5, 2023

BSA training and experience must be extensive to meet regulatory expectations of a BSA Officer being competent and able to execute all duties effectively. Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer.

Training 221

Training Compliance Regulation Software 221

Insights on Business

JULY 17, 2019

Those who are closest to operational risk – the first line of defense, or “1LoD” – may be working with outdated and inadequate tools. Either way, gaps persist in the ability of staff to use tools effectively, make risk-aware decisions and meet emerging requirements with up-to-date capabilities.

User Experience 79

User Experience Tools Survey Risk Management 79

PYMNTS

APRIL 11, 2018

HP is deploying a Device-as-a-Service (DaaS) offering to enhance corporate customers’ risk management and IT security, the company said Tuesday (April 10). HP’s DaaS solution links businesses with multi-OS (operating system) device management support and risk analytics capabilities, the firms explained.

Risk Management 109

Risk Management Analytics Security Operations 109

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Equiniti Eyes APIs for Risk Management. Bectran Augments Cash Application With API. Yet maturation is low.

Lending 194

Lending Risk Management Fintech Community 194

Bobsguide

MARCH 17, 2022

Profile Software , an international financial solutions provider, announced today the enrichment of RiskAvert with new capabilities like the introduction of the NPE Prudential Backstop and the Interest Rate Risk in the Banking Book (IRRBB) modules.

Risk Management 78

Risk Management Regulation Meeting Compliance 78

Bobsguide

MARCH 12, 2022

Today, we are proud to have won the prestigious Best Modeling Innovation accolade at Risk Markets Technology Awards 2022. I am confident that, before the end of this decade, it will become the market standard in financial product valuation and risk management. It focuses on market risk, trading, and investment risk technologies.

Technology 78

Technology Marketing Risk Management Innovation 78