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.

Risk Management 88

Risk Management Trends Security Management 88

CB Insights

OCTOBER 29, 2021

Hyperproof , an enterprise governance, compliance, and risk management technology provider, has raised $16.5M Seattle-based Hyperproof provides compliance solutions for continuous risk management across key industries, such as security tech, enterprise software, fintech, healthcare tech, and data communications.

Risk Management 63

Risk Management Compliance Management Technology 63

Perficient

APRIL 2, 2021

Risk Management. AI may be used to augment risk management and control practices. AI can assist internal audit and independent risk management to increase sample size (such as for testing), evaluate risk, and refer higher-risk issues to human analysts. Email: 2021-RFI-AI@cfpb.gov.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

APRIL 25, 2024

Generally, small business loans benefit business owners, they also benefit communities, according to 2021 research for the SBA. Starting with loans originated in January 2021, delinquency rates begin to fall and even dip below historical averages. At the same time, 59% pursued credit to meet operating expenses.

Lending 221

Lending Trends Capital Strategy 221

FICO

DECEMBER 10, 2020

In 2021 I believe AI will cross the chasm, becoming a reliable and safe, mainstream business technology — but maybe not how, or for reasons why, you might expect. In 2021, organizations will stop their handwringing over AI and get down to brass tacks. Prediction #3: Consumers Will Actively Manage Their Data.

Analytics 98

Analytics Fraud Data Software 98

FICO

DECEMBER 2, 2020

New dates have been announced for FICO World 2021 , the Decisions Conference. . FICO World 2021. November 8-11, 2021. The world’s economy has changed, consumer behavior has changed and your operations have changed — at FICO World 2021, we’ll explore best practices and ideas for the new normal. Orlando, FL.

Risk Management 52

Risk Management Conference Strategy Analytics 52

Banking Exchange

NOVEMBER 29, 2021

Fed flags cybersecurity and operational resilience as priorities for large banks Risk Management Feature3 Feature Financial Research Lines of Business The Economy Cyberfraud/ID Theft Security Online Operational Risk.

System 78

System Risk Management Operations Security 78

Banking Exchange

JANUARY 27, 2021

Data indicates that global crises like COVID-19 present a ripe environment for spikes in financial crime Compliance Risk Management Compliance Management Compliance/Regulatory AML & Fraud BSA/AML Security Feature3 Feature Covid19.

Risk Management 78

Risk Management Compliance Fraud Security 78

Perficient

SEPTEMBER 16, 2022

The Federal Reserve will require a firm, prior to engaging in crypto-asset-related activities, to have in place adequate systems, risk management, and controls so the new activities are practiced in a safe and sound manner that is compliant with applicable consumer protection statutes and regulations. Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

Abrigo

SEPTEMBER 13, 2021

Here are seven highlights from the quarter ended June 30, 2021: . Bank numbers While the number of FDIC-insured and -supervised institutions continues to dwindle, the assets that they manage does not and continues the upward trend, ending at $22.8 trillion as of June 2021. billion, or 10.8%, lower than in March 2021.

FDIC 195

FDIC Lending Capital Trends 195

Banking Exchange

MARCH 22, 2021

The proliferation of COVID-19 related threats has made cybersecurity a top concern for financial institutions in 2021 Risk Management Technology Security Outsourcing/Cloud Cyberfraud/ID Theft Feature3 Fintech Feature.

Industry 97

Industry How To Risk Management Fintech 97

FICO

MAY 27, 2021

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. Decision Management Innovation. eDriving , a leading global provider of digital driver risk management programs, partnered with FICO to create a score based on telematic driving data.

Analytics 52

Analytics Fraud Management America 52

BankInovation

FEBRUARY 10, 2022

Digital is a low-risk, high-reward environment for cyberattacks, Andy Renshaw, senior vice president at fraud and risk management company Feedzai, told Bank Automation News. Account takeovers increased threefold between 2019 and 2021, according to […].

Fraud 98

Fraud Mobile Risk Management Management 98

PYMNTS

DECEMBER 9, 2020

Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults.

How To 245

How To Management Report Strategy 245

Independent Banker

JANUARY 31, 2022

Source: Cornerstone Advisors, “What’s Going on in Banking 2021: Rebounding from the Pandemic,” 2021. A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%).

Community Bank 159

Community Bank Community Fintech Risk Management 159

Abrigo

JUNE 11, 2021

Measuring Interest Rate Risk Can Vary by Institution Interest rate risk measurement plays a key role in ensuring an institution's safety and soundness. Would you like other articles on asset/liability management in your inbox? FDIC) noted in its 2021 Risk Review. FDIC) noted in its 2021 Risk Review.

How To 195

How To Risk Management Analysis Kansas City 195

Abrigo

OCTOBER 10, 2023

Please see the graph below from the 2021 Loan Review Survey for reference. The survey found that many organizations seek a more efficient way to manage the due diligence process, as it can significantly impact team productivity and internal portfolio coverage.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Please see the graph below from the 2021 Loan Review Survey for reference. The survey found that many organizations seek a more efficient way to manage the due diligence process, as it can significantly impact team productivity and internal portfolio coverage.

Training 195

Training Survey Resources Software 195

FICO

DECEMBER 15, 2020

It is true that the pandemic has accelerated the majority of digital trends and challenges this past year; I believe the “COVID effect” will persist strongly into 2021, which brings me to three broad predictions: Consumer spending patterns will remain in flux, requiring financial institutions to keep their guard up as fraud patterns change quickly.

Fraud 52

Fraud Compliance Management Software 52

FICO

DECEMBER 23, 2020

Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. Now compliance professionals will also need to concern themselves with mitigating ransomware sanctions risks (i.e., Machine Learning Will Play a Great Role in Fighting Money Laundering.

Compliance 52

Compliance Regulation Data Risk Management 52

CFPB Monitor

MAY 25, 2021

On May 26, 2021, the House Financial Services Committee’s Subcommittee on Oversight and Investigations will hold a hearing, “ Consumer Credit Reporting: Assessing Accuracy and Compliance.” The witnesses include representatives from the “big three” consumer reporting agencies and the National Consumer Law Center.

Report 78

Report Risk Management National Policies 78

FICO

MAY 10, 2021

Our analysis of UK card trends for March 2021 shows a big change in spending and financial management in the last 12 months. The average spend on UK credit cards increased by £13 to £560 in March 2021, with sales 9 percent lower than a year ago. It fell a further 6 percent in March 2021 and is now 60 percent lower year-on-year.

Report 52

Report Marketing Cards Trends 52

Abrigo

DECEMBER 23, 2022

It begins by outlining and answering   four of the most common questions   about asset/liability management  that Abrigo's  ALM consultants  hear and then moves on to goal - setting and ALM management approaches. For more analysis of core deposits for risk management and loan growth, stream this webinar.

Resources 195

Resources Risk Management Study Strategy 195

Abrigo

DECEMBER 2, 2021

But impulse buying – whether at home or in business – can result in waste, so think carefully about areas of your bank or credit union that could benefit next year from a small investment as 2021 draws to a close. 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. Credit Risk Management.

Conference 195

Conference San Antonio Lending Fraud 195

The Paypers

JULY 21, 2022

Fraugster , a Germany-based payment intelligence company which offers compliance, chargeback protection, risk management solutions, and credit scoring via one AI platform and one integration, has published its first Payment Intelligence Report 2022.

Risk Management 36

Risk Management Online Fraud Compliance 36

FICO

AUGUST 16, 2021

Our latest FICO UK Credit Market Report looking at UK card trends for June 2021 shows that average card spend continued to increase compared to 2020. The growth in the payments-to-balance ratio started to slow in June 2021, increasing by just 2.5% month on month.

Report 52

Report Marketing Cards Trends 52

FICO

DECEMBER 8, 2022

Credit risk management veterans who responsible for consumer loan portfolio risk management through the Great Recession can recall managing the challenge of responding to swiftly changing borrower payment behavior and the resulting portfolio delinquency and default rate volatility during that time. FICO Admin.

Risk Management 52

Risk Management Strategy Management Analytics 52

Abrigo

MARCH 3, 2021

Today, two other “C” essentials should be considered when assessing credit risk: cash position and coronavirus. “In In 2021, when you’re looking at a customer or a member applying for a loan, the question you need to ask yourself is, ‘How has the pandemic impact or changed the income or cash flow generated by this borrower,” Newberry said.

Analysis 195

Analysis Risk Management Lending Training 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

Gonzobanker

FEBRUARY 23, 2022

To do this, banks can leverage their competencies in payments, lending, operations, and risk management while using the earnings generated from BaaS to transform their core business. Or Hatch Bank, which, after partnering with HMBradley, saw deposits grow 300% in the first half of 2021. Now is the time to create a BaaS strategy.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

CB Insights

AUGUST 12, 2021

Moody’s , an integrated risk assessment firm, has acquired RMS , a risk management solutions provider, for $2B. RMS: California-based RMS is a provider of climate and natural disaster risk modeling and analytics. The company has over 400 risk models that cover 120 countries. Who are the parties to the deal?

Analytics 66

Analytics Data Risk Management New York 66

PYMNTS

NOVEMBER 2, 2020

The financial ministry expects to kick off phase two, regarding licensing requirements, in June 2021, the release stated. During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release. RBA expects to finish the project at the end of this year.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

Abrigo

MAY 11, 2020

According to the International Data Corporation (IDC), cloud computing spend is estimated to reach $277 billion in 2021, with an annual growth rate of approximately 22%. Cloud computing is an efficient and cost-effective way of housing data and is becoming a mainstay for data services and infrastructure across the globe. Learn more.

Data 195

Data Training Risk Management Software 195

CFPB Monitor

OCTOBER 21, 2021

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced that it would discontinue LIBOR sometime after 2021. The Joint Statement indicates that in March 2021, the FCA announced that the one-week and two-month U.S.

Regulation 78

Regulation Management FDIC Risk Management 78

Abrigo

APRIL 7, 2023

However, many clients evaluated an internally developed system before ultimately acquiring loan review automation.

Software 195

Software Lending System Risk Management 195

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. What's going on in cryptocurrency?

cryptocurrency 368

cryptocurrency Fraud Trends Training 368

CB Insights

OCTOBER 20, 2021

Here’s what they’ve achieved (as of October 2021): 2 of the winners have gone public. Bakkt announced a SPAC merger in January 2021 at a $2.1B The digital asset management platform completed the transaction and went public in October 2021. Crypto exchange and wallet Coinbase made its public debut in April 2021 at a $65.3B

blockchain 88

blockchain Company Management Risk Management 88