Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . In many cases, financial institutions adopting CECL for the 2023 deadline are tracking ahead of where SEC registrants were as they faced a 2020 deadline.

Survey 195

Survey Software Resources Meeting 195

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 195

Training Compliance Fraud Policies 195

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Analytics Trends Innovation 52

Abrigo

MAY 24, 2023

Takeaway 2 Considering the urgent need for a legislative solution, the SAFE Banking Act of 2023 could bridge the gap between state and federal marijuana laws. The new 2023 version of the SAFE Banking Act was introduced in the House of Representatives ( HR2891 ) and the Senate ( S1323 ) in May 2023.

Lending 195

Lending Fraud Operations Ohio 195

FICO

JANUARY 5, 2023

Four 2023 U.S. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. Thu, 01/05/2023 - 15:45. For those in the financial services industry, 2023 will be the year when U.S. FICO Admin. Tue, 07/02/2019 - 02:45.

Policies 52

Policies Company Regulation Risk Management 52

CFPB Monitor

OCTOBER 5, 2022

Federal Reserve Governor Bowman voted against the rule stating: “During the public comment process, community banks raised substantial concerns with the proposal. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks. The final rule will be effective July 1.

Regulation 78

Regulation Cards Community Bank Community 78

Jeff For Banks

APRIL 4, 2024

Although shadow banking mostly serves larger corporations, think money market funds buying commercial paper, bankers fear the trend will continue going downstream to more traditional community bank customers. Vacancy reached a record high in the fourth quarter and surpassed previous peaks last reached in 1992.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics. “And

Community Bank 91

Community Bank Community Resources Fraud 91

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

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

Data 91

Data How To Community Bank California 91

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. The estimated amount of money banks will save by using AI applications by 2023. By Susan Springer. Quick Stat. Source: Business Insider.

Community Bank 91

Community Bank Community Customer Experience Data 91

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. 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

Accenture

AUGUST 26, 2019

And it will not take another decade to come about: SWIFT estimates that by 2023, 80 percent of high-value payments by volume and 90 percent by value will already have migrated to ISO 20022. Banks can now even leverage ISO 20022 and APIs as the standard for data exchange in payments within the applicable regulatory and compliance requirements.

Industry 174

Industry Payments System Guidelines 174

Social Assurance

APRIL 13, 2021

Don’t you remember when you were building your business case for implementing mobile deposit, and your Chief Risk Management Officer almost fell off her chair with the sheer thought of the amount of fraud that was going to occur? By 2023, the aggregate potential cost savings for banks from AI applications is estimated at $447B.

Branding 15

Branding Fraud Arizona Data 15