FICO

JANUARY 29, 2021

Today it gives me great pleasure to announce the winners of the 2021 FICO® Decisions Awards. . Submissions included complex optimization problems, the automation of previously manual business processes and using the power of AI and machine learning to stop fraud and improve lending. 2021 Decisions Award Winners. 2021 Judges. .

Meeting 98

Meeting Analytics Florida Fraud 98

Cisco

JUNE 7, 2022

In between these events, a different crisis began in the US sub-prime lending market. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Cisco Secure X is a cloud-native, built-in intelligence platform that connects the Cisco Secure portfolio and your infrastructure.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

South State Correspondent

JANUARY 17, 2024

As we pointed out, bank management needs to understand how a bank creates franchise value, and one way is to sell more profitable products to more profitable customers. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital.

Study 195

Study Maine Analytics Capital 195

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Abrigo

OCTOBER 21, 2021

Takeaway 3 Exploring lending opportunities and examining loan and deposit pricing are among steps that make sense while awaiting a Fed rate hike. Currently, the Fed is purchasing $40 billion in mortgage-backed securities and $80 billion in Treasury bonds each month. for August 2021, up 4.3% The PCE price index was up 0.4%

Lending 195

Lending Strategy Trends Marketing 195

South State Correspondent

APRIL 23, 2023

The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple. Bankers need to understand and manage their business on the fair value of assets and liabilities instead of managing their business on net interest margin and the amortized historical cost of assets and liabilities.

Management 195

Management Security Risk Management social media 195

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

System 195

System Lending Analysis Software 195

CB Insights

JANUARY 27, 2022

Creditas , a digital lending platform, has raised $260M in a Series F round that drew participation from SoftBank Group, VEF, Fidelity Investments, Lightrock, and Wellington Management, among others. The company expects that its annualized revenue for 2021 will come in at $200M. HOW’S THE COMPANY PERFORMING?

America 60

America Lending Security Fintech 60

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . A tricky year for farmers, ag lending. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

PYMNTS

DECEMBER 17, 2020

a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021. Kakao Bank Corp. , billion).

Samsung 243

Samsung Digital Banking Security Fintech 243

Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Institutions secure financial instruments at a certain rate based on the market rates as of a specific point in time. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

CFPB Monitor

OCTOBER 4, 2022

The DOJ’s lawsuit against Lakeland, filed in a New Jersey federal district court, is part of the DOJ’s nationwide “ Combating Redlining Initiative ” launched in October 2021. In the majority-white neighborhoods in the Newark Lending Area, residential mortgage services were available at branches to walk-in customers.

New Jersey 147

New Jersey Lending Community National 147

South State Correspondent

APRIL 12, 2022

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. The bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. Total 2021 bank revenue was $122B, and loans outstanding were just over $1T. Despite JPM enormous size ($3.7T

Community 195

Community Community Bank Leadership Lending 195

CFPB Monitor

JULY 6, 2021

The CFPB has released the Summer 2021 edition of its Supervisory Highlights. Not complying with the FCRA 3-business day requirement for placing a security freeze on a consumer’s credit report after receiving the consumer’s freeze request. Fair lending. Payday lending.

Lending 78

Lending Report Regulation Analysis 78

Independent Banker

OCTOBER 1, 2022

Consider, for example, its commercial lending approach. In fiscal year 2021, Clear Mountain provided about $8 million in total funding for 31 small businesses in its state through the SBA’s guaranteed loan program. The SBA West Virginia District Office named it the West Virginia Community Lender of the Year for 2021. Quick Stat.

West Virginia 91

West Virginia Virginia Community Bank Community 91

MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. percent) of a tax refund for the 2021 tax season. So, we recommend putting the tax refund for tax year 2020 toward increased financial security. Here are the other highlights of the survey: Highlights.

Taxes 52

Taxes Survey Study United States 52

South State Correspondent

JULY 10, 2023

BDs use interest rate hedging to mitigate risk on their own bank’s balance sheet related to assets and liabilities, but more importantly, BDs take market orders to enter into derivative positions to help their clients manage risk. Currently, 23% of banks use interest rate hedges to manage some risk, up from 2% in 1985.

Community Bank 195

Community Bank Community Tools Management 195

Abrigo

MARCH 15, 2022

By early 2021, a small survey of C-suite executives by CCG Catalyst Consulting found all but 6% saying they provided some form of consumer account opening online. Convenient access to free, local ATMs, security concerns, and being nervous about putting all of their funds in a digital bank were among the reasons provided. CRE Lending.

Online 195

Online Lending Survey Digital Banking 195

Qudos Bank

JANUARY 7, 2021

In fact, the start of 2021 is a great opportunity to change your money habits, set financial goals and make workable plans to achieve them. Here are a few ideas to get you started and make 2021 your best money year yet. . For some, money is all about having security no matter what happens. Published January 2021.

US 40

US Security Examples Cards 40

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

DECEMBER 23, 2020

The 6-year-old who get his hands on Mom’s iPad and manages to rack up $16,000 worth of credit charges for online gaming. The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. 2021 And Beyond. We’ve all heard the horror stories.

Fintech 322

Fintech Cards FDIC Lending 322

Abrigo

OCTOBER 4, 2022

Several factors make this rising-rate environment different, so strong asset/liability management is critical for increased earnings. Takeaway 1 Banks and credit unions can increase earnings in a rising-rate environment with careful asset/liability management. DOWNLOAD . 5 rate hikes. Secondly, where can cash be reinvested?

Strategy 195

Strategy eBook Security Management 195

PYMNTS

APRIL 22, 2020

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. The technology holding company also has member businesses in gaming, security and financial services. . Gapo teamed up with Sony Music Entertainment to feature music content, and aims to reach 20 million by January 2021.

Payments 154

Payments social media Groups Taxes 154

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress.

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

JULY 12, 2021

and Germany which was released June 30, 2021. This new guidance will assist countries and the private sector in understanding and documenting these risks and prepare accordingly for this serious threat to international peace and security. The second 12-month review was published July 5, 2021. Lending & Credit Risk.

Training 195

Training Policies United States Report 195

Abrigo

NOVEMBER 1, 2021

You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters". Takeaway 3 Cyberattacks are also on the rise, lending even more importance to communication and collaboration among the BSA, fraud, and IT functions. DOWNLOAD. . Financial Crime (FinCrime) experts are not IT experts.

Fraud 195

Fraud Video Training Compliance 195

PYMNTS

JULY 10, 2019

Japanese company SoftBank is leading a $231 million funding round for a Brazilian lending startup called Creditas, in a bid to shake up competition in the traditional financial market, according to a report by Reuters. . Furio said he envisions Creditas’ revenues to jump 30-fold by 2021, but he didn’t provide any specifics.

Lending 108

Lending Capital America Marketing 108

Independent Banker

JULY 31, 2022

In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture. Featured offerings include commercial banking, commercial real estate lending for both owner-occupied and investment, SBA lending, and deposit and business treasury services.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. billion by 2021. billion in 2021 and on the Internet of Things at 14 percent a year from $772.5 Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

CFPB Monitor

NOVEMBER 10, 2020

LIBOR, which many creditors currently use as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products, is expected to be discontinued sometime after 2021. In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.”

Regulation 78

Regulation FDIC New York Lending 78

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system and national security. Lending & Credit Risk.

Community 195

Community Regulation Training Policies 195

PYMNTS

SEPTEMBER 24, 2018

In the latest research of small business lending trends, researchers have found evidence to be optimistic. The research also offers a glimpse into the struggle for alternative lending players to prove their worth as an important source of financing for small businesses that can’t access a bank loan. Across the U.S.

Data 158

Data Lending Survey Community 158

Bank Activities

JUNE 28, 2022

Allice Bank has experienced a lending growth to more than £500 million, while deposits grew to more than £800 million during the first two years of its operations. It anticipates it will achieve £3 billion in lending to established SMEs in the upcoming years. By Zoran Temelkov June, 2022.

Capital 34

Capital Lending Security Fintech 34

BankUnderground

MARCH 6, 2024

Paul and Zhou (2018) define refinancing risk as the potential inability of a borrower to secure new financing to replace existing debt coming due. This is in part because the pre-GFC period was characterised by relaxed lending standards, and excessive leverage levels. What is refinancing risk? in 2013 ( Bank Rate of 0.5%

Policies 71

Policies Lending Data Marketing 71

Bobsguide

OCTOBER 11, 2022

The integration brings together banks and corporates globally through a common digital network ecosystem, increasing access to trade finance while enabling seamless and secure transactions. Finastra connects to Contour, offering an enhanced digital trade finance network. www.contour.network. About Finastra.

Innovation 68

Innovation Software Capital Lending 68

CFPB Monitor

APRIL 14, 2021

The law contains exemptions and carve-outs for, among other things, depository institutions, financings of more than $500,000, closed-end loans with a principal amount of less than $5,000, and transactions secured by real property. Comments on the modifications must be submitted to the DFPI by April 26, 2021. Signature requirements.

CA 78

CA Regulation California New York 78