Gonzobanker

MARCH 14, 2024

Dear bank and credit union software vendors, Mea culpa. Do your homework— My number one piece of advice is to spend time researching the prospective bank or credit union. Even better, tell me how another bank or credit union my size on similar systems stopped that check fraud.

Software 97

Software Fraud Leadership System 97

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. Has your credit union started your annual process for updating your anti-money laundering/countering the financing of terrorism (AML/CFT) risk assessment?

Fraud 195

Fraud Compliance Examples Analysis 195

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.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Abrigo

MAY 19, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." WATCH Takeaway 1 Loan review departments often lack funds for training and education, but a shortage of experienced loan reviewers is a challenge for many banks. Let’s move on to another element of credit review systems—loan reviewer training.

Training 195

Training Lending Risk Management Guidelines 195

Perficient

FEBRUARY 18, 2022

Empathy is something that I think about a lot — especially the role I believe it should play throughout the credit and lending process. Upcoming Webinar: The ROI on Transforming Credit and Lending Customer Outreach. I’ve been helping banks and credit unions with this building block for over 27 years. Empathy Week.

Lending 294

Lending Training Operations Video 294

Perficient

FEBRUARY 18, 2022

Empathy is something that I think about a lot — especially the role I believe it should play throughout the credit and lending process. Upcoming Webinar: The ROI on Transforming Credit and Lending Customer Outreach. I’ve been helping banks and credit unions with this building block for over 27 years. Empathy Week.

Lending 294

Lending Training Operations Video 294

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

Abrigo

JULY 13, 2017

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. In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas.

Risk Management 170

Risk Management Management Denver Conference 170

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

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. Be ready for AMLA-related changes.

Fraud 195

Fraud Training Compliance Regulation 195

Abrigo

FEBRUARY 14, 2023

You might also like this checklist for preparing for the CFPB 1071 rule DOWNLOAD Takeaway 1 Bank and credit union executives are worried about complying with the CFPB's upcoming final rule on small business loan application data. Section 1071 section amended Reg B.

Data 195

Data Lending Compliance Resources 195

PYMNTS

NOVEMBER 19, 2020

Credit unions (CUs) have been riding high in recent years, with one October report finding that global CU membership hit an all-time high of 291 million last year. Around the Credit Union World. The space has added 107 million members over the past decade, with 17 million joining just in 2019.

Alabama 228

Alabama Meeting Fraud Trends 228

Abrigo

MARCH 22, 2017

The Summit is the industry’s leading life-of-loan conference, spanning business development through portfolio risk management in a CECL - current expected credit loss - world. In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas.

Risk Management 186

Risk Management Management Denver Conference 186

Abrigo

SEPTEMBER 22, 2021

New Disclosures under CECL New disclosures under CECL, the current expected credit loss model , might not be the top concern of financial institutions shifting to the updated accounting standard in 2023. Credit Quality. Learn more. Auditors, directors, and shareholders will better understand the process, which benefits the institution.

Security 195

Security Examples National Report 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. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 259

Lending Community San Antonio Survey 259

Gonzobanker

MARCH 7, 2024

Two AI tools in the wild: Bankwell , a Connecticut bank, is piloting an AI tool to help small business owners apply for loans at whatever time works for their busy schedules. Scaling through community banks and credit unions is, of course, another move plenty of fintech companies seek. But ditto for younger people.

Las Vegas 158

Las Vegas Fintech Conference San Francisco 158

Abrigo

FEBRUARY 9, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 Financial institutions must understand regulatory expectations for name screening with sanctions lists. But with so many lists of high-risk individuals and entities, how can banks stay on top of detection?

Fraud 195

Fraud Training Software Compliance 195

Abrigo

DECEMBER 4, 2015

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

North Carolina 150

North Carolina Ohio DC Regional 150

Abrigo

AUGUST 26, 2019

The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. customers than traditional retail banks earned in the firm’s study of retail banking satisfaction. The 2018 J.D.

Conference 150

Conference Lending Oklahoma Alabama 150

CFPB Monitor

APRIL 13, 2021

On April 15, 2021, the House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions will hold a hearing titled, “ Banking Innovation or Regulatory Evasion? Carlos Pacheco, CEO, Premier Members Credit Union on behalf of National Association of Federally-Insured Credit Unions.

Innovation 78

Innovation Fintech Colorado National 78

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. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

JUNE 19, 2019

In the competitive financial industry, credit unions (CUs) remain popular banking options, with a recent CUNA Mutual Group report estimating that 324,000 consumers joined CUs in March 2019. Developments around the Credit Union World. How Redwood Credit Union Leverages Data Analytics to Personalize Services.

Analytics 131

Analytics Video blockchain Training 131

Abrigo

JUNE 3, 2021

As cryptocurrency gains traction with consumers quickly, financial institutions (FIs) and other regulatory institutions are vying for the opportunity to provide this service to their customers to keep up with the growing demand for quick and convenient banking at a low cost. Learn more by watching the webinar, "BSA Exam Prep 101: Hot Topics".

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

PYMNTS

NOVEMBER 25, 2019

Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit Union Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 Developments From Around the World of Credit Unions.

Alaska 154

Alaska Hawaii California Analytics 154

Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. They also reminded financial institutions that CECL would be a topic during exams.

Tools 195

Tools Regulation Data Resources 195

Abrigo

JULY 12, 2021

Takeaway 1 Banks and credit unions moving to CECL in 2023 understandably want to know how Q factors will compare with current practices. Popular CECL Topic. Want to know how to develop qualitative factors, or Q factors, under CECL , the current expected credit loss standard? Lending & Credit Risk.

Analysis 195

Analysis Conference Management Regulation 195

Abrigo

JUNE 28, 2023

They wear many hats, especially in smaller community banks and credit unions. It is not an exhaustive list, but it gives good ideas on topics to start sharing. Did a teller save the bank from a significant fraud loss? One essential obligation of BSA Officers is reporting to the board of directors.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

SEPTEMBER 5, 2023

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. You might also like these on-demand webinars on tackling common credit risk questions.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

JANUARY 11, 2022

Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. . Takeaway 2 Rather than helping financial institutions avoid risk entirely, ALM helps ensure a bank or credit union's risk exposures represent levels in line with policy limits. .

Management 195

Management Meeting Capital Strategy 195

Abrigo

DECEMBER 8, 2014

ALLL.com , coming in early 2015, will be a “hub” that bank and credit union professionals can reference for all topics surrounding the ALLL. Blog Bank Credit Union' The site will include, among other things: • Regulation news. • Calculation best practices.

Resources 223

Resources Community Regulation Industry 223

Abrigo

AUGUST 26, 2015

This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. That the top-tier of credit unions require full-tilt examination every 12 months is worthy of challenge and rigorous debate.”.

Survey 150

Survey Community National Community Bank 150

Abrigo

JUNE 13, 2022

Older customers often enjoy coming to the branch to do business, thus building relationships with bank staff. Banks with less than $1 billion in assets are most likely to offer such products (67%). Of banks surveyed, 86% provide training to customer service representatives on how to detect and report elder financial exploitation.

Fraud 195

Fraud Training United States Survey 195

Abrigo

NOVEMBER 5, 2014

During a recent webinar, more than 200 banks and credit unions weighed in through various polls on how they have been managing their allowance for loan and lease losses. The first topic of discussion was whether or not banks have released reserves in the past four quarters.

Trends 236

Trends Industry Strategy Operations 236

Abrigo

AUGUST 12, 2019

Abrigo is bringing together the nation’s leading conferences on the new current expected credit loss (CECL) standard, MainStreet Technologies’ National CECL Conference, and the leading conference on lending, credit and portfolio risk best practices, Sageworks’ Lending & Risk Summit. Earn CPE credit hours. Have fun!

Conference 150

Conference Lending National Risk Management 150

Abrigo

DECEMBER 31, 2019

Managing risk is at the very core of the business of banking, so it’s not a huge surprise that readers of Abrigo’s blog spent a lot of time in 2019 reading about the topic. Measuring Loan-Portfolio Credit Quality What can institutions do to get a better handle on the credit risk within their loan portfolio?

Risk Management 150

Risk Management Analysis Management How To 150

Abrigo

JANUARY 3, 2024

3 Key provisions of the BOI registry access rule that are especially relevant to AML programs cover the following topics: Authorized recipients of beneficial ownership information : Financial institutions are one of five groups of authorized BOI recipients that will have access to the FinCEN registry. For financial institutions in the U.S.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

DECEMBER 15, 2014

A bank or credit union with an excellent reputation for customer service can bridge the gap and ease the worries that come along with having to entrust your money to an outside party. ” For context, none of the top 10 banks had more than 50 percent of its customers rate it high on customer advocacy.

Customer Experience 191

Customer Experience North Carolina Raleigh Survey 191