Jack Henry

MAY 21, 2021

In this blog, I’ll dive into cybersecurity trends that present a significant potential risk and offer some practical advice to help you reduce the overall risk. 2020 Sets the Stage for 2021. Some of the threats in 2020 weren’t new.

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Risk Management Trends Security Management 88

Gonzobanker

DECEMBER 22, 2020

This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). Sit back and enjoy our take on the best and worst of banking in 2020 as you celebrate the holidays. Most Oft-Heard Statements of 2020. Kudos to blazing new trails that many institutions are taking on in 2020.

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Idaho Community Industry Strategy 181

CFPB Monitor

JULY 15, 2021

The proposed guidance is based on the OCC’s existing 2013 third-party risk management guidance and includes changes to reflect that the guidance’s applicability would be extended to banking organizations supervised by all three federal banking agencies.

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Risk Management Management FDIC Compliance 78

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. Resolve to make quicker loan decisions in 2020. If only it could be that simple. Learn more. Learn More.

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Lending Fraud Community FDIC 195

Abrigo

DECEMBER 30, 2019

Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. Regulatory hot topics and exam findings from 2019 give us a good road map for 2020 exam preparation. He suggests using this data to reverse engineer your exam experience for 2020 and start the year on a proactive note. Fraud Prevention.

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Training Compliance Leadership Fraud 195

Insights on Business

JANUARY 8, 2019

As you all know, Moore’s law is reaching its limit, possibly as early as 2020. But what has this got to do with risk management I hear you ask? Well now this can exist as a 0 or a 1, as a 0 and 1 at the same time or any value in between with some probability. IBM 50Q: An IBM cryostat wired for a 50 qubit system.

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Risk Management Management Course Big Data 107

Banking Exchange

DECEMBER 5, 2019

Calling 2020 the year of the “disruption of the status quo.” Management Feature Financial Trends Financial Research Risk Management Bank Performance The Economy Feature3.

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Risk Management Trends Management 78

Abrigo

OCTOBER 20, 2020

The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. More than 500 banking professionals across the country gathered for a two-day 2020 ThinkBIG: Manage Risk. Lending & Credit Risk.

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PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

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Cards Risk Management Study Payments 117

Banking Exchange

JANUARY 10, 2022

Fraud cases increased by 343 between 2020 and 2021 Risk Management Security Cyberfraud/ID Theft Operational Risk Feature3 Feature.

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Fraud Risk Management Security Operations 145

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Loan performance since 2020 Chart 2.

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Management Risk Management Policies Lending 195

PYMNTS

MARCH 10, 2020

The trust consumers feel toward their FIs has helped to fuel the adoption curve for P2P, and it is critical for stakeholders to “future-proof” the ecosystem with robust fraud prevention and risk management capabilities. He said, too, that Fiserv has been collaborating with banks on real-time decisioning and data analysis.

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United States Payments Fraud Risk Management 230

CB Insights

OCTOBER 20, 2021

In 2020, 50 private blockchain companies from 14 countries made it to the CB Insights Blockchain 50. Since announcing the list in December 2020, the Blockchain 50 winners have kept busy. Since the release of the Blockchain 50 in December 2020, two winners have gone public. GET THE LIST OF BLOCKCHAIN 50 COMPANIES. First name.

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blockchain Company Management Risk Management 88

Banking Exchange

FEBRUARY 8, 2021

Pandemic sees increase in amount lost to fraud, according to new data Risk Management Feature3 Feature Security AML & Fraud BSA/AML Big Data Covid19 Online Mobile Cards.

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Fraud Big Data Risk Management Report 78

PYMNTS

DECEMBER 10, 2020

And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. 80%: Share of banking interactions done online in 2020. All this, Today in Data.

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Risk Management Fraud Data Strategy 256

Banking Exchange

FEBRUARY 22, 2021

Research from the Federal Reserve noted profitability and capital positions improved in H2 2020 Financial Research The Economy Feature Fair Lending Feature3 Risk Management Covid19 PPP.

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US Risk Management Lending Capital 130

Gonzobanker

JULY 10, 2020

Whether they take a bull or bear view of the current economic situation, bank executives should be asking themselves these key questions as they reevaluate their planning for 2020 and beyond: What adjustments do we need to make over the next 18 months and beyond to remain competitive? Risk Management. Click here to register.

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Risk Management Capital Strategy social media 88

Abrigo

SEPTEMBER 13, 2021

billion represents an increase of 281% compared to one year ago (June 2020), driven by a $73 billion decline in provision expense. of institutions reported higher net interest income than one year ago (June 2020), and the FDIC said that several large institutions are driving the aggregate net interest income lower.

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Abrigo

JULY 28, 2021

Takeaway 1 Allowance levels jumped in Q1 2020 for SEC filers due to the transition to CECL and the start of the pandemic, but FIs began releasing reserves in Q1 2021 as conditions improved. In 2020, most SEC-filing institutions were required to move to the new current expected credit loss, or CECL, model. Let’s think back to Q1 2020.

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Risk Management Operations Trends Data 195

Jeff For Banks

JANUARY 26, 2023

The FDIC has defined community banks in their December 2020 Community Banking Report that either exclude or include the following criteria: Seems complicated. A community bank's risk management practices, such as lending to certain industries, making character loans, deposit availability, etc.

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Community Bank Community FDIC Risk Management 147

Tomorrow's Transactions

JUNE 9, 2020

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. As such, risk management is crucial to any organisation, especially during a survival situation.

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Resources Risk Management Operations Regulation 82

PYMNTS

DECEMBER 16, 2019

I’ve connected a few of the dots from over the last decade that I believe will shape how the world will evolve in the 2020s, as well as the role of payments in driving that change. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments. 2020 Trendline Two: The Rise Of On-Call Commerce.

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Payments Innovation Cards Google 180

PYMNTS

JANUARY 7, 2021

The representative noted that the company has been “cooperating with a regulatory review of small business card sales between 2015 and 2016” as of the spring of 2020, according to the paper. “We A representative for AmEx told WSJ, “We have robust compliance policies and controls in place, and do not tolerate misconduct.”

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Cards FDIC Policies Risk Management 242

Banking Exchange

DECEMBER 5, 2019

We need to be selective in how we use spare time to improve our BSA/AML programs Compliance Compliance Management BSA/AML Feature Feature3 Cyberfraud/ID Theft Risk Management Human Resources Management AML & Fraud.

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Risk Management Compliance Resources Fraud 78

Banking Exchange

DECEMBER 16, 2020

The coronavirus pandemic has created turbulent conditions in ag lending in 2020 Risk Management Retail Banking Fair Lending Operational Risk Credit Risk Rate Risk Feature3 Feature Financial Trends Covid19 The Economy.

Risk Management 88

Risk Management Lending Trends Retail 88

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. Cybercriminals have caught on.

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

FICO

JANUARY 8, 2020

“ It’s like déjà vu all over again ,” is one of my favorite Yogi Berra-isms, and as I look across the domain spaces served by FICO to write my 2020 predictions, it’s definitely déjà vu all over again. Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM).

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Compliance Fraud New York City Analytics 52

Abrigo

OCTOBER 21, 2020

Next, Joe examined Trepp's research report which took first quarter 2020 loan-level bank data and ran it through the TreppDM model using Trepp’s main COVID scenario. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL. Credit Risk Management.

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Marketing Lending Risk Management Retail 312

BankUnderground

DECEMBER 9, 2020

Barings also reminds supervisors that, until you can trust a firm’s risk management and controls, you cannot trust its numbers. Barings reminds supervisors why this needs to be so, and why we cannot give firms the benefit of the doubt when granting formal concessions. But these numbers did not reflect Leeson’s hidden trades.

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Risk Management Management Regulation Policies 129

Bobsguide

SEPTEMBER 22, 2020

2020 looks to be a hallmark year for commodities as volatility in oil markets combined with uncertainty over future demand tests the Energy Trading and Risk Management (ETRM) solutions of businesses. Baris Ertan, managing director of global trading and commercial lead at Accenture said in an.

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Marketing Risk Management Management 88

Banking Exchange

OCTOBER 4, 2020

The Federal reserve has decided to slow large bank capital distributions throughout the remainder of 2020 Risk Management The Economy Covid19 Feature Financial Trends Feature3 Duties Compliance Compliance Management Compliance/Regulatory.

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Risk Management Compliance Trends Capital 78

Abrigo

APRIL 22, 2024

trillion in 2020 as a result of COVID-19 relief programs. Between 1994 and 2020, nearly a third of new employer establishments didn’t last more than two years, and the 15-year survival rate was 26%. trillion between 2019 and 2022. The market surged to as high as $2.4 Win more small business deals and grow market share.

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Lending St. Louis Community Marketing 243

CB Insights

MAY 17, 2023

Loan underwriting is a slow and complex process, due to insufficient data for credit scoring, stringent risk management requirements, and highly manual processes. For example, 2020’s Paycheck Protection Program (PPP) dealt out upwards of $117B in loans (15% of the total) to businesses that didn’t actually qualify.

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Company Risk Management Fraud Examples 70

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 OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

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Risk Management Data Management Compliance 78

Abrigo

DECEMBER 31, 2019

Key Takeaways Risk management practices were on the minds of bankers in 2019 Some of the most popular blog posts of 2019 were about stress testing and CECL. Risk management practices were in the spotlight in 2019.

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Risk Management Analysis Management How To 150

CFPB Monitor

AUGUST 20, 2020

On August 12, 2020, Fannie Mae and Freddie Mac announced that the cost to originate and to deliver single family limited cash out refinances and cash out refinance mortgage loans would increase by one half of one percent (0.500%), or 50 bps, as a loan level pricing adjustment (LLPA).

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Marketing Risk Management Examples Policies 148

Abrigo

NOVEMBER 10, 2020

If your financial institution suspects a possible human trafficking incident, FinCEN encourages financial institutions to file a SAR, using the term “Human Trafficking FIN-2020-A008,” and check the SAR Field 38(h) on the form. Kylee Wooten, Content Marketing Manager at Abrigo, also contributed to this article. . Credit Risk Management.

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Lending Risk Management Report Management 329