Abrigo

JUNE 3, 2021

Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of. Takeaway 3 To fight cryptocurrency-related risks and mitigate losses, be vigilant and stay on top of fraud trends. By Hannakah Rubin, Risk Management Consultant at Abrigo. Risks ahead. Cybercriminals have caught on.

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Below are the top 10 regulatory hot topics for 2022, in no order of importance. Once the risk is assessed, create procedures around the residual risk.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 221

Lending Risk Management Community Management 221

Perficient

FEBRUARY 27, 2023

Workflow timings may now be altered due to the immediacy of transactions, which can have a domino effect on operational, risk management, and reporting teams. With all this considered, key strategic topics like buy vs. build, risk, and operational readiness cannot be ignored. Ultimately, change equals risk.

North Carolina 275

North Carolina Charlotte Payments US 275

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. An institution should expect a more tailored exam based on their risk profile, and one size does not fit all. Knowing these areas of focus, BSA leaders should give thought to how they would handle these five topics.

Regulation 195

Regulation Fraud Compliance Lending 195

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. So far, episode topics include cover loan pricing in a rising-rate environment, cannabis-related banking , and technology implementation.

Community 195

Community Lending Maine Resources 195

Abrigo

FEBRUARY 25, 2022

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. You might also like this webinar on BSA/AML regulatory hot topics. Eight topics that could see change in 2022. What to Watch.

Regulation 195

Regulation Policies Compliance Washington 195

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. An institution should expect a more tailored exam based on their risk profile, and one size does not fit all. Knowing these areas of focus, BSA leaders should give thought to how they would handle these five topics.

Regulation 195

Regulation Fraud Compliance Trends 195

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

BankInovation

MARCH 18, 2024

It’s no longer a topic for data scientists and IT alone. So, how can department and functional leaders, from risk to operations to IT, leverage AI and […] AI has landed for the consumer. But what is Generative AI?

Operations 66

Operations Data 66

Abrigo

JUNE 14, 2021

The civil monetary penalties and reputational risk alone underscore the need for financial institutions to employ seasoned sanctions officers and automated scanning solutions. A financial institution’s SCP should be risk-based and unique to each financial institution. learn more. OFAC guidance.

Compliance 370

Compliance Training Resources Policies 370

Perficient

JUNE 23, 2021

Program No formal program Informal or ad-hoc program Formal or ad-hoc program with defined agenda Formal program with defined agenda and risk mitigation readiness Semi-automated and formal program with defined agenda and litigation readiness.

Data 340

Data Knowledge Base Policies Training 340

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Regulatory topics for NBFIs to watch for. Many NBFIs frequently settle cryptocurrency accounts, which pose a higher risk for illicit activity.

Regulation 195

Regulation cryptocurrency Policies Management 195

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 221

Training Compliance Fraud Policies 221

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 195

Training Compliance Fraud Policies 195

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Takeaway 2 BSA pillars and board training are some topics found in Abrigo's top blogs for FinCrime professionals.

Fraud 195

Fraud Training Compliance Regulation 195

Abrigo

JUNE 19, 2022

They also reminded financial institutions that CECL would be a topic during exams. Loans in the same portfolio are expected to have the same payment frequency and amortization type, as well as similar risk characteristics, and the ELE tool is limited to 25 portfolios. Portfolio Risk & CECL. Portfolio Risk & CECL.

Tools 195

Tools Regulation Data Resources 195

South State Correspondent

JULY 10, 2023

Adoption of Interest Rate Swaps Swaps (banks’ primary tool to hedge interest rate risk on loans) have increased substantially over the last ten years. Currently, 23% of banks use interest rate hedges to manage some risk, up from 2% in 1985. However, this hedging tool has disparate adoption depending on bank size.

Community Bank 195

Community Bank Community Tools Management 195

Abrigo

MAY 19, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general. What do you think are essential topics for junior and senior loan reviewers?

Training 195

Training Lending Risk Management Guidelines 195

Perficient

FEBRUARY 27, 2021

This certification all revolves around reducing risk by remediating active attacks, advising on improvements to threat protection practices, and referring violations of organizational policies to the appropriate parties. The exam covers the following topics: Mitigating threats using Microsoft 365 Defender.

Compliance 322

Compliance Security Branding Policies 322

Abrigo

FEBRUARY 14, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." Planning now will mitigate the compliance risk from turnover and reduce stress for you and your AML program during times of change. Consider how changes to the risk profile might alter program needs during a triggering event.

Training 195

Training Fraud Compliance Regulation 195

Abrigo

OCTOBER 19, 2023

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. By doing these things, banks and credit unions can not only reduce their own cyber risks but also improve their customer and member trust.

Online 221

Online Security Resources Training 221

Abrigo

DECEMBER 19, 2022

Abrigo’s team of former bankers, BSA officers, regulators, and other experts this year produced 18 complimentary webinars on FinCrime industry hot topics, and they created more than 20 new checklists, whitepapers, podcasts, and guides to help AML and fraud staff. Top helpful resources for AML/CFT staff. Keep me informed. Read the case study.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

JUNE 2, 2021

Takeaway 3 BSA exam plans should include a review of the common themes and hot topics showing up in recent examination criticisms. Other helpful guidance is from the Financial Crimes Enforcement Network (FinCEN) in conjunction with the regulatory agencies in their guidance on risk-focused supervision. Review Regulatory Material.

How To 195

How To Training Compliance Policies 195

Abrigo

MAY 18, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." How broad a field does loan review need to plow to unearth potential credit risks and assess overall credit quality? WATCH Takeaway 1 Scope and depth are useful evaluation benchmarks for your financial institution's loan review process.

Lending 195

Lending Training Guidelines Policies 195

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. You might also like this resource: "BSA/AML risk assessment checklist." READ Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment.

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

JANUARY 25, 2021

The 2021 ThinkBIG conference will bring together the “Fighting Financial Crime” and “Manage Risk. The FinCrime track will focus on BSA/AML and fraud detection topics, while the Credit + Lending track will cover topics on managing credit risk and making smarter loans, faster. Lending & Credit Risk. Drive Growth.”

San Antonio 195

San Antonio Conference Lending Texas 195

South State Correspondent

SEPTEMBER 11, 2023

Chairman Gurenberg identified the following banking industry risks: Effects of inflation. CRE portfolio rollover risk as loans mature and borrowers face higher interest rates (especially for office properties). While the above-identified risks apply to the entire industry, these risks are not uniform across different bank sizes.

Community Bank 195

Community Bank Community FDIC Industry 195

Abrigo

SEPTEMBER 5, 2023

You might also like these on-demand webinars on tackling common credit risk questions. Takeaway 2 A credit exception should be specific, have a well-defined risk justification, and include details on clearing it. Challenges of exceptions Too many credit exceptions can cloud risk I hate credit exceptions.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

DECEMBER 8, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Takeaway 1 The board needs to see the BSA program from a higher level to understand the enterprise-wide risk to the institution. How to Conduct an Exam-Proof BSA/AML Risk Assessment.

Training 195

Training Resources Video Compliance 195

Abrigo

MAY 20, 2022

Takeaway 2 The survey topics included fraud prevention tools, frustrations with tools, and what enhancements users would like to see. The survey topics included fraud prevention tools, pain points and frustrations, and what enhancements users would like to see integrated within their current fraud solutions.

Trends 195

Trends Fraud Training Survey 195

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Risk Management Software System 195

CFPB Monitor

DECEMBER 16, 2021

Our discussion topics include what these new requirements mean for specific aspects of such programs, assigning employee responsibility, conducting risk assessments, installing access controls, using encryption, and who is covered by the rule.

Groups 147

Groups Security Data 147

CFPB Monitor

AUGUST 31, 2021

The issuance of the Guide follows the agencies’ July 2021 release of proposed interagency guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

Abrigo

JULY 13, 2017

The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. The Summit is the industry’s leading life-of-loan conference, spanning loan origination through portfolio risk management in a CECL - current expected credit loss - world. One month before the primary registration period ends.

Risk Management 170

Risk Management Management Denver Conference 170

Abrigo

FEBRUARY 9, 2023

Name screening for sanctions compliance Understand regulatory expectations surrounding name screening and the best lists for your risk-based AML program. But with so many lists of high-risk individuals and entities, how can banks stay on top of detection? Takeaway 3 PEP lists change frequently, and the U.S.

Fraud 195

Fraud Training Software Compliance 195