Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now, at least eight states have some form of legal online sports betting, with more states moving toward that goal.

Online 143

Online New Jersey Las Vegas Risk Management 143

PYMNTS

SEPTEMBER 15, 2020

“Making sure all the risks are covered from the perspective of an online merchant ensures there is risk diversification and makes sure that they are connected to several acquirers and banks,” explained Metodieva. All parties in the payment ecosystem. I’ve seen that in Asia in the past few years, and it's really impressive.”.

Payments 299

Payments Risk Management Management Compliance 299

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Major consumer loan compliance regulations. Regulation B, implementing the Equal Credit Opportunity Act (ECOA) for fair lending. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

DECEMBER 22, 2023

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. Abrigo's most popular financial crime blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators.

Fraud 221

Fraud Training Compliance Trends 221

ABA Community Banking

MARCH 20, 2019

49 percent of the global companies interviewed had been victims of fraud or economic crime Compliance Risk Management Tech Management Security Feature3 Fintech Technology Online Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud Feature BSA/AML.

Meeting 72

Meeting Regulation Risk Management Compliance 72

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The End of Excessive Card Surcharges.

Online 112

Online Payments Fraud Cards 112

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. Specifically, he said this means: • The bank understands the product and the risks it carries. • Collaborate with other regulators.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

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

Jeff For Banks

APRIL 16, 2011

So often I hear commentary on ERM by advocates that think it is the next best thing to, say, online banking. As community FIs, regulators force us to throw enough money down a black hole without us volunteering to do so. But managing risk across organizational silos is highly fragmented in FIs. Well, no it isn''t.

Risk Management 78

Risk Management Management Fraud Resources 78

Abrigo

OCTOBER 8, 2014

Risk management. Of those asking for regulatory relief, many argued that banking regulations are hurting the economy. Jeff Plage , chairman of the American Bankers Association (ABA), argued that regulations hurt the economy through less credit in local communities. Managing Risk. Risk assessment.

Community Bank 191

Community Bank Community Strategy Risk Management 191

CFPB Monitor

SEPTEMBER 8, 2022

This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations. Mr. Hsu expressed significant concern about the safety and soundness implications of these developments. Hsu expressed significant concern about the safety and soundness implications of these developments.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

JANUARY 13, 2021

The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. The clarity of being regulated by the oldest regulator for banks in the United States … sends a very clear message.”.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Credit Risk Management. Lending & Credit Risk. BSA Rules and Regulation. Learn More.

Lending 259

Lending Community San Antonio Survey 259

Perficient

FEBRUARY 4, 2021

Being able to order groceries, prescriptions, and other essential products online can be a challenge for people with disabilities in the best of times. It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management.

UX 531

UX Guidelines Compliance Study 531

Abrigo

SEPTEMBER 14, 2022

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. Those implementing regulations were coming. in-person, phone, mail, online) Application recipient (e.g.,

Lending 195

Lending Data Regulation Community 195

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Credit Risk Management. Lending & Credit Risk. BSA Rules and Regulation. Learn More.

Lending 195

Lending Community San Antonio Survey 195

Abrigo

NOVEMBER 17, 2023

As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. Failure to meet these standards can result in regulatory sanctions, fines, and a mandate for expensive corrective measures. It is a critical aspect of maintaining the integrity and sustainability of the U.S.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 164

Compliance Software Risk Management Management 164

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270

Fraud Compliance cryptocurrency Security 270

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. The timing will undoubtedly put pressure on regulators to push through strong regulation.

Cyber Security 100

Cyber Security Regulation Security New York 100

Abrigo

NOVEMBER 2, 2022

Matt Johnner, BankLabs President and board member of Encore Bank, recommends that financial institutions look for a tool with online access for multiple stakeholders, including a portal for submitting inspection material and draw requests. Lending & Credit Risk. Credit Risk Management. Credit Risk Regulation.

Software 195

Software Lending Training Mobile 195

PYMNTS

MARCH 12, 2018

As cryptocurrencies fuel discussions on forums and news websites, a new version of a Thomson Reuters Corp tool will capture online chatter around bitcoin. Traders have long analyzed online chatter around traditional investments, and that trend continues with bitcoin, which Reuters will analyze in the tool it runs with MarketPsych Data LLC.

Bitcoin 102

Bitcoin social media cryptocurrency Austin 102

PYMNTS

JULY 5, 2018

The complications — and opportunities — of turning that ruling into actual online commerce was the topic of a recent interview Karen Webster conducted with Zac Cohen, general manager at Canada-based consumer verification firm Trulioo. Market Size. Verification Tools. Worst Cases. Build for that,” Cohen said.

United States 103

United States Compliance Risk Management Online 103

Gonzobanker

APRIL 28, 2016

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. My colleagues (shout out to Vincent Hui and Kaleb Seymour ) and I conducted a study for the credit union industry to determine the impact of regulation. The best banks aren’t just compliant with new regulations.

Regulation 60

Regulation Management Community Bank System 60

Abrigo

JULY 21, 2021

If you are a member of a professional association or group, regularly check in on available webinars and online training. Engage with the provider of your risk management software to ensure you are utilizing scenarios to their potential, to help identify red flag activity, and ensure thresholds are aligned with your institution’s profile.

Training 195

Training National Strategy Regulation 195

PYMNTS

JULY 25, 2018

The court’s decision allows individual states to open online gambling to residents. The subsequent legalization of sports betting in states like New Jersey promises to be a game changer for the companies that help gamblers lay their money down online. Russell Medley, director of risk management and fraud for gaming website 888.com

Online 100

Online Regulation Fraud New Jersey 100

PYMNTS

JANUARY 22, 2021

Mastercard ’s Vice President, Global Head of Product for Artificial Intelligence (AI) Express and Credit Risk Amyn Dhala told Karen Webster in a discussion that technology can make that real-time risk management attainable. But AI, he said, can provide a lot more than that in terms of protecting FIs from risk.

Customer Experience 266

Customer Experience Tools Risk Management Data 266

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

OCTOBER 5, 2018

According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. Card Decline Rates. “At

New Jersey 148

New Jersey Payments Online Cards 148

PYMNTS

NOVEMBER 25, 2019

To that end, in France a number of media enterprises — ranging from the APIG press alliance, which represents dozens of national and regional papers, to AFP and the union of magazine editors — have filed complaints with EU regulators over copyright laws.

Taxes 130

Taxes Google Data Regulation 130

PYMNTS

NOVEMBER 17, 2020

and Republic of Ireland receivables finance programs can now be accessed online, hosted securely by HPD LendScape. That aims to boost their risk management and contract governance, transformation and remedial activities. 16) press release. With that migration, AIB's whole U.K.

Payments 144

Payments User Experience Software Risk Management 144

Abrigo

JULY 29, 2015

While an increase in risk might be a red flag to the regulatory agencies, the reason many banks, particularly smaller institutions, have lowered their underwriting standards for auto, home or commercial real estate loans is simply to be able to compete in the changing industry. Concentration and CRE risk is still important to the regulators.

Survey 150

Survey Regulation Policies Risk Management 150

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. The "what," "who" and "why" Common questions about the 1071 rule What is the 1071 rule? Section 1071 section amended Reg B.

Data 195

Data Lending Compliance Resources 195

PYMNTS

JANUARY 20, 2020

Visa’s culture that risk management is everyone’s responsibility, Fabara said, is a competitive advantage and a strategic weapon in the payment ecosystem’s fight against an ever-more sophisticated fraudster. When Risk Management Is a Mindset and Not a Business Unit. But everyone knows the job has to be done. “At

Security 168

Security Fraud Risk Management Payments 168

PYMNTS

OCTOBER 16, 2019

A majority of FIs plan to invest more in financial crime compliance than fraud risk management, though 43 percent reported no integration between fraud and financial risk compliance. 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 11, 2019

AI has found applications such as how we avoid traffic while navigating the physical world, to how we search for products online, to how we interact with virtual assistants in our homes and on our mobile phones. For example, financial risk professionals tend to see AI as another tool rather than a transformative technology.

Compliance 140

Compliance Risk Management Tools Survey 140