Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Regulatory hot topics and exam findings from 2019 give us a good road map for 2020 exam preparation. Creating a Culture of Compliance. It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

NOVEMBER 21, 2019

It's also a good time to enhance your institution's BSA/AML risk assessment. As BSA officers, we have continuous expectations placed on us to be knowledgeable in all aspects pertaining to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance. Assessing institutional risk. Sustainability of the BSA/AML program.

Compliance 195

Compliance Training Fraud US 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

Abrigo

JUNE 19, 2022

And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance. They also reminded financial institutions that CECL would be a topic during exams.

Tools 195

Tools Regulation Data Resources 195

Abrigo

SEPTEMBER 23, 2016

Yet that questioning is foundational to the audit practice. Professional skepticism , “an attitude that includes a questioning mind,” must be applied throughout all phases of the audit and by all team members. If these circumstances aren’t caught in internal reviews, then audit firms can get “dinged” in peer reviews.

Analytics 150

Analytics Training Compliance Comparison 150

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122

Abrigo

SEPTEMBER 22, 2021

In addition, CECL won’t change the desire of financial statement users and examiners to know about the credit risk within the portfolio, including how the bank or credit union measures credit quality. The SEC outlines these in SEC Staff Accounting Bulletin 74 (now Topic 11M in the Codification of bulletins). Portfolio Risk & CECL.

Security 195

Security Examples National Report 195

Cisco

OCTOBER 4, 2022

In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems. Some of these roles include: Board and Senior Management – responsibilities include strategic planning, and enterprise risk management. Common AIO Risk Management Topics.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

JANUARY 16, 2017

And headed into a new year, he told PYMNTS, issues that remain among what he called “hot topics” for treasury professionals, and especially among smaller firms, include “looking at costs or visibility.”. And visibility is crucial for centralized decision-making,” he said. Fraud, he said, also remains top of mind for organizations.

Management 100

Management Compliance Fraud Regional 100

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 topics addressed by new FAQs include the following: Relationships with data aggregators that collect customer-permissioned data from banks.

Risk Management 78

Risk Management Data Management Compliance 78

PYMNTS

MAY 15, 2017

In an interview with PYMNTS’ Karen Webster as part of the continuing Topic TBD series, Gayle Woodbury, managing director at Crowe Horwath with Ops Risk, Third-Party Risk, and eGRC strategy, focused on risk for third parties where “cybersecurity seems to be an ever-changing topic.”. “It

Risk Management 108

Risk Management Management Strategy United States 108

Insights on Business

OCTOBER 31, 2019

How do compliance professionals manage more than 57,000 regulatory alerts in one year? IBM OpenPages with Watson recently had the opportunity to join host Thomson Reuters for a morning of regulatory compliance thought leadership to explore this very topic. Susannah Hammond Cost of Compliance Survey 2019.

Compliance 70

Compliance Community Analysis Survey 70

Insights on Business

OCTOBER 31, 2019

How do compliance professionals manage more than 57,000 regulatory alerts in one year? IBM OpenPages with Watson recently had the opportunity to join host Thomson Reuters for a morning of regulatory compliance thought leadership to explore this very topic. Susannah Hammond Cost of Compliance Survey 2019.

Compliance 70

Compliance Community Analysis Survey 70

Insights on Business

OCTOBER 31, 2019

How do compliance professionals manage more than 57,000 regulatory alerts in one year? IBM OpenPages with Watson recently had the opportunity to join host Thomson Reuters for a morning of regulatory compliance thought leadership to explore this very topic. Susannah Hammond Cost of Compliance Survey 2019.

Compliance 70

Compliance Community Analysis Survey 70

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. Specifically, one year after the Secretary determines who falls into Section 5312(a)(2)(Z), “the Secretary shall conduct random audits [of those persons].

United States 78

United States Taxes Regulation Compliance 78

Abrigo

MAY 2, 2017

While it sounds great in theory and everyone agrees, just how is this to be accomplished when most of your efforts are currently focused on finding new clients for the seeming financial security of gaining a heap of tax and compliance work? Make more money working fewer hours. Learn more by watching a brief overview video.

How To 150

How To Taxes Compliance System 150

FICO

MAY 24, 2021

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. A new report released today by FICO and market intelligence firm Corinium, entitled The State of Responsible AI , finds that most companies are deploying AI at significant risk.

Study 98

Study Leadership Regulation Analytics 98

Independent Banker

JULY 29, 2016

For example, the Auditing Institute, which leads to a Certified Community Bank Internal Auditor designation for those who successfully complete the coursework, covers topics such as the steps to establish an internal audit function, the phases of a complete audit cycle, and the use of risk assessment to develop an annual audit plan.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. The Auditing Institute, at two weeks, is the longest.

Compliance 70

Compliance Community Bank Community Training 70

Jeff For Banks

MAY 16, 2015

We don't want to be criticized that our Board was uninformed, so that little embarrassment about the audit exception that turned into employee fraud is on page 262 of your Board report. High level risk management reports (because more granular risk reports are reviewed in Committee) and trends. You mean you didn't see it?

Report 60

Report Policies Risk Management Meeting 60

PYMNTS

FEBRUARY 19, 2018

In the latest Topic TBD, Chen Amit, CEO of payables automation company Tipalti , told PYMNTS’ Karen Webster that automating the AP process lets management focus on, well, managing. On top of that, the regulators are putting a heavier hand on tax compliance” and other daily minutiae of doing business.

Management 129

Management Taxes Resources Payments 129

NCR

NOVEMBER 7, 2017

It can be a divisive topic, but what is beyond debate is the fact that AI is playing an increasingly significant role in how businesses operate and services are delivered, particularly in the banking sector.

Industry 49

Industry Training Compliance Fraud 49

Independent Banker

OCTOBER 1, 2022

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. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

FICO

JUNE 5, 2017

Risk stratification and minimization. XML files, Excel spreadsheets, weblogs) is inherently complex since it may contain a wide range of content on a broad array of topics. Fraud, waste and abuse detection. Insurance prediction and modeling. Anticipating of resource demands.

Analytics 108

Analytics Analysis Data Compliance 108

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. Takeaway 2 New payment methods, fraud tactics, and FinCEN guidance topics were found in the top blogs for FinCrime professionals.

Fraud 221

Fraud Training Compliance Trends 221

FICO

JANUARY 7, 2021

The topic of digital transformation and digital decisioning took on new urgency last year, as the pandemic forced businesses of all kinds to make many processes digital only. Supply chain optimization, digital performance and AI were all topics explored by FICO bloggers. Here are the 5 most popular 2020 posts on decision management. #1.

Management 52

Management Analytics Strategy Data 52

Independent Banker

OCTOBER 29, 2014

For him, a “typical” day at the $215 million-asset community bank runs the gamut from mundane support tasks, such as assisting a co-worker with password resetting, to overseeing complicated systemwide support duties, such as answering audit exams and managing online banking systems. The daily stuff is whatever,” he laughs. Embracing the new.

Community Bank 87

Community Bank Community Training Memphis 87

Insights on Business

MARCH 11, 2019

Based on the findings of a recent survey , it seems that risk professionals across the RegTech landscape are also awakening to the promise of AI, helping them obtain a better picture of the benefits within their organizations and assess where they themselves sit in its broader evolution. Gauging AI by asking the experts.

Compliance 140

Compliance Risk Management Tools Survey 140

Lex Sokolin

DECEMBER 25, 2019

I am talking about systemic risk, and the promise of what is most likely the future of financial services after Google, Facebook, Ant Financial, and Apple dismember the banks. You can tell I am of two minds on the topic. When looking at high-yield future tech investments, maybe think about risk and not just return!

blockchain 52

blockchain Bitcoin Software Lending 52

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

blockchain 12

blockchain Trends Fintech social media 12

CFPB Monitor

SEPTEMBER 11, 2018

Interestingly, while the Bureau did not find that this conduct amounted to a “legal violation,” it did find that it could pose a risk of a deceptive practice. The Bureau states that “[l]imited availability of data could impede an institution’s ability to monitor and test for the risks of ECOA violations through statistical analyses.”.

Lending 68

Lending Policies Compliance Cards 68

Insights on Business

DECEMBER 1, 2017

Welcome to the Consolidated Audit Trail. We’ll be discussing this topic along with details on CAT timelines, requirements, and solutions to comply on December 13 th at 2:00pm on a webinar with our partners at American Banker. What risks are we taking on if we halt our preparation? Welcome to CAT. Act quickly. Assess honestly.

Strategy 70

Strategy Regulation Data Report 70

Jeff For Banks

APRIL 16, 2011

The topic highly interested me, not because it is interesting, but because everybody is talking about it and there are differing opinions about what to do about it. What an opportunity for a non-audit, non-compliance, non-IT, and non-credit blogger to write about it! But not all risks are equal.

Risk Management 82

Risk Management Management Fraud Resources 82

CB Insights

JANUARY 4, 2018

such jobs at risk in the USA due to AI. But to start, Expert Automation & Augmentation Software will be more focused on augmentation, i.e., helping humans do countless complex tasks that are either beyond human cognition and/or inefficient for human beings to do (read thousands of pages of patents and understand key topics).

Software 75

Software Compliance Training Google 75

Cisco

MARCH 24, 2021

This week we welcome Anthony Cresci, VP of Business Development and Operations at Theta Lake for a short Q&A on a key topic for operational risk and security leaders – ensuring regulatory and audit compliance of collaboration platforms that are a vital part of an evolving operating model at financial institutions. .

Compliance 133

Compliance Security Video Meeting 133

Gonzobanker

DECEMBER 22, 2015

Memories of the half dozen audits and the Christmas party are all a bit foggy, but we didn’t seem to be mentioned by name after any of them. To those community bankers claiming their growing Compliance departments say no to everything. Topic Nobody is Writing About. Man, we all worked long and hard this year. That’s two.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

JULY 22, 2015

Collaboration on the app is fully audit-trailed, for all users on all devices. It auto-detects language, makes audio and video searchable, allows you to extract keywords, determine the topics, and a variety of other things. They will share important learnings from one year of developing and providing APIs in a high-risk environment.

San Francisco 12

San Francisco Video Fintech Data 12