Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. What will drive profit in 2022? Janet Silveria, Community Bank of Santa Maria.

Community Bank 144

Community Bank Community Lending Louisiana 144

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. 2022 Judges (Left to Right): Sidhartha Dash, Paul Deall, Senthil Erulappan, Armando Junior.

Meeting 52

Meeting Analytics Risk Management Management 52

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . The new requirements become effective on April 1, 2022, but compliance is not required until May 1, 2022.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. However, further reforms are needed.

Regional 108

Regional Taxes System Guidelines 108

Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. In 2004, the infamous Riggs Bank (Riggs) case brought political corruption to the top of compliance officers’ lists of reasons not to sleep at night. financial system.

Training 195

Training Regulation System National 195

PYMNTS

OCTOBER 19, 2020

Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. The following Deep Dive explores cross-border payments’ challenges, including time-consuming government inspections, lack of transparency and the potential for fraud.

Technology 193

Technology Payments Security Survey 193

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. A quarter of all losses to payment fraud is under £100. And what can banks do?

Fraud 52

Fraud social media Examples Regulation 52

FICO

JULY 31, 2019

These steps can help businesses in the US and other countries not only meet regulatory compliance requirements but ensure they understand and can manage the risk of their vendor and partner networks. Would there be compliance exposure in the event of a breach at the supplier? Obtain evidence of ongoing compliance with standards (e.g.,

Cyber Security 70

Cyber Security Management Security Risk Management 70

Abrigo

DECEMBER 20, 2021

Remember the purpose of BSA, to assist law enforcement in stopping money laundering, terrorist financing, fraud, and other illicit activity. . A strong culture of compliance was clearly lacking at CBOT, as evidenced by this consent order. Staffing Assessments: Why Financial Institutions Should Prepare for 2022 Staffing Needs Now.

Resources 195

Resources Texas Analysis System 195

Abrigo

JUNE 4, 2023

The consequences of noncompliance While pulling back on AML compliance spending is tempting, it is especially important today that financial institutions have a robust AML program. Takeaway 2 Recent cases have shown that now is not the time to let up the gas on AML compliance. BSA enforcement actions are on the rise. When the U.S.

Compliance 195

Compliance Training Resources Regulation 195

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. Monitor credit reports and bank account activity to timely identify and prevent fraud and identity theft.

Data 91

Data How To Community Bank California 91

South State Correspondent

OCTOBER 25, 2023

Over the last ten years, from 2012 to 2022, checks by volume have declined some 57%. This cost includes receiving checks, scanning, providing checks, check security, data verification, check data management, compliance, fraud management, customer service for transactions, handling complaints, dispute resolution, and exception handling.

Fraud 195

Fraud ATM Payments Management 195

FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. Tue, 11/08/2022 - 12:20. Fraud Attacks and Media Overload. by Matt Cox. expand_less Back To Top.

Fraud 52

Fraud Survey Security eBook 52

Gonzobanker

DECEMBER 17, 2021

Then right back to the impossible in 2022. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Congrats on a brave move and national recognition Jim! Chuck Snyder, chief executive of National Cooperative Bank (NCB).

Fintech 147

Fintech Strategy Leadership Lending 147

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. Mon, 07/25/2022 - 11:00. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud.

Fraud 52

Fraud Groups Analytics Compliance 52

Gonzobanker

DECEMBER 19, 2022

Who saw 2022 coming and accurately predicted the headlines? A few modest examples of the 2022 roller coaster ride: The Fed rate hikes in 2022 totaled 425 basis points. In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy.

Community 216

Community Fintech Industry Innovation 216

Abrigo

SEPTEMBER 13, 2022

In an economic and regulatory environment where compliance resources and budgets are stretched thin, financial institutions must carefully evaluate their priorities when it comes to their BSA/AML program. Get more BSA training on the latest fraud trends with this webinar. Risk-based approach. Watch Webinar. Sophisticated measures.

Software 195

Software Resources Training Compliance 195

FICO

OCTOBER 7, 2022

Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. Fri, 10/07/2022 - 14:10. As payments professionals well know, change creates opportunities for fraud.

Fraud 52

Fraud South Carolina San Francisco Regulation 52

Abrigo

APRIL 18, 2022

According to a White House statement , the executive order's goals are to: enhance consumer protection ensure financial stability increase national security reduce climate risk The White House describes the executive order as an attempt to balance innovation and U.S. National objectives in cryptocurrency policy. Priorities.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Abrigo

JUNE 15, 2023

national security and the integrity of the U.S. You might also like this Russian sanctions compliance checklist. The comment period for the proposed rule, Anti-Money Laundering Regulations for Real Estate Transactions , ended in February 2022, but a final rule has yet to be issued. real estate market alone. financial system.”

Training 195

Training Regulation Compliance System 195

Abrigo

JANUARY 31, 2023

register now Takeaway 1 While the AML/CFT industry seemed to have been in a holding pattern during 2022, regulatory movement is expected for 2023. Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. billion to fraud in 2021, a 70% increase over the prior year.

Fraud 195

Fraud Training Regulation Trends 195

Abrigo

JANUARY 30, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 The CRE market’s complex financing methods and unique ownership structures make it conducive to hiding money laundering schemes. Learn from the experts.

Marketing 195

Marketing Fraud Compliance Training 195

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Expect more deals to be announced in 2024. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp.

Fintech 195

Fintech Community Regional Technology 195

CB Insights

JULY 23, 2020

Companies will have to look to guidelines from local and national authorities for each office location. It can also be used to track worker compliance. Globally, the pandemic has heightened levels of depression, anxiety, and distress among individuals, and the United Nations has also described an imminent mental health crisis.

Meeting 101

Meeting Tools Survey Company 101

Abrigo

MARCH 4, 2022

You might also like this whitepaper, “New Account Fraud: A Behind-the-Scenes Look at Cyber Threat Actors” DOWNLOAD . He won’t sit still for it,” James Clapper, former Director of National Intelligence under President Obama, said of the trade and financial sanctions during an interview Sunday on CNN. Indeed, former top U.S.

Exercises 195

Exercises Leadership Fraud Resources 195

FICO

JANUARY 5, 2023

Leading up to 2022, the industry saw meteoric growth with transaction volume increasing fourfold , from $33 billion to $120 billion, between the years of 2019 and 2022. For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority. Several groups have also called for comprehensive industry regulation.

Policies 52

Policies Company Regulation Risk Management 52