Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Takeaway 2 In 2023, KYC should both strengthen your AML program and personalize services to support clients' individuality and value.

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BankUnderground

DECEMBER 21, 2023

Rebecca Freeman As another year draws to an end and the blog prepares for some downtime over the festive period, we wanted to take a look back at the blog in 2023. How UK housing preferences shifted during the pandemic We hope you enjoyed the blog in 2023. Rebecca Freeman, Managing Editor

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Abrigo

FEBRUARY 10, 2023

Now that FinCEN is tasked with developing a federal beneficial ownership registry, financial institutions can expect more rulemaking around BOI in 2023. Recap and forecast Beneficial ownership registry rule The following two rules regarding the beneficial ownership registry were published in 2022, and a third is planned for 2023.

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Fraud Training Regulation Compliance 195

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Indeed, traditional bank CRE financing in September 2023 was labeled “scarce” by the Federal Advisory Council , which expected continued slowing in lending this year.

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South State Correspondent

AUGUST 16, 2023

These are cash flow management tools that send a signal of future problems. Volume is not expected to pick up in the second half of 2023. Banks are currently reducing indirect auto financing growth and are managed by greater holdback and fewer exceptions. Banks should put management plans in place now.

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Trends Cards Capital Data 195

FICO

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Let’s dig in a little deeper. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

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South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. In the past, you have seen us rank customer relevance and total experience as a top priority for banks – not in 2023. Financial pressure will be greater, and bank margins will be higher.

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Community Bank Capital Training Lending 195

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . As we head into 2023, the international ISO 20022 data standard will serve as the backbone of various new payment services that will enable real-time payments in the U.S.

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Fraud Management Payments New York City 275

CFPB Monitor

DECEMBER 7, 2023

The Office of the Comptroller of the Currency (OCC) has issued a bulletin (2023-37) that provides guidance on managing risks associated with “buy now, pay later” (BNPL) lending. The BNPL loans addressed in the bulletin are loans that are payable in four or fewer installments and carry no finance charges.

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FICO

FEBRUARY 27, 2023

Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! In 2023, we have 15 winners across 10 award categories representing companies from every corner of the globe. There was plenty of creativity and moxy in the approaches, business models and technologies deployed by the class of 2023.

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Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. The new federal risk guidance for banks does not remove the need for sound risk management. Introduction It’s not you. It’s the guidance. The complete 60+ page guidance is available to readers here.

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Management Risk Management Regulation Compliance 221

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.

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South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. Maybe a topic for next year?

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Conference Las Vegas Fraud Case Study 221

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. 1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. Finalization is expected as early as 2023. Quick Stat.

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BankInovation

MARCH 27, 2023

As business reconsiders their budgets this year, many are already taking extra cuts in 2023. We’ve already seen some layoffs at major banking and financial institutions, and if a recession happens, as firms such as BlackRock and JP Morgan have predicted, this will likely continue.

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Risk Management Management Marketing Security 52

Jeff For Banks

JANUARY 20, 2024

In fact, the most read of 2023 was from 2013, ten years prior. Here were the top three most read articles of 2023: Loan Pricing: Must It Be So Complicated URL: Jeff For Banks: Loan Pricing: Must It Be So Complicated? But the number of clicks is directionally correct on what most interests readers. One can dream. Or It Will End You.

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New Jersey Lending Florida Strategy 102

South State Correspondent

JUNE 13, 2023

When interest rates rise, lenders struggle to manage revenue and economic capital; when rates fall, borrowers can commonly refinance the debt at lower rates. This allows management to better manage credit, interest rate, and operational risk in business units. Better products create win/win outcomes for lenders and borrowers.

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Marketing Examples Capital Management 195

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

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Lending Risk Management Community Management 221

Abrigo

MARCH 21, 2023

You might also like this video on managing interest rate risk. Takeaway 3 Diving deeper into depositor pricing and evaluating loan pricing to ensure compensation for the risk are among strategies to manage interest rate risk. 4.75% over the course of 2022 and 2023. 4.75% over the course of 2022 and 2023. billion – a 39.7%

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Risk Management Management Strategy Lending 195

Jeff For Banks

DECEMBER 10, 2023

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 7, 2023 was 23.32%. It had $447 million of assets and $121 million of equity at September 30, 2023. For the third quarter 2023, net interest margin was 4.10%, ROA was 1.42%, and ROE was 14.95%. Congratulations!

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Fresno North Carolina Raleigh FDIC 107

CFPB Monitor

JUNE 20, 2023

On June 13, 2023, the Department of Justice (“DOJ”) announced that it had settled an action against a multi-family residential property management company for alleged violations of the Servicemembers Civil Relief Act (“SCRA”) prohibition on imposing early termination charges when a servicemember lawfully terminates a residential lease after receiving (..)

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Management Company 148

Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. By Beth Mattson-Teig.

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Community Bank Community Tampa North Carolina 91

PYMNTS

OCTOBER 12, 2020

The Fed has publicly stated that it has committed to a 2023/2024 timeframe for FedNow, and added that “as we look at the delivery of the service, we’re going to be very transparent. Core clearing and settlement functions will be delivered in that initial 2023/2024 timeframe. The Timeframe . Digital Dollars, Too? .

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Payments Boston System Operations 244

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." Cultivate talent. keep me informed. Know your limits.

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Risk Management Management Policies Lending 195

PYMNTS

OCTOBER 15, 2018

A new study is predicting that Internet of Things (IoT) technologies will see a major boost in investment over the next five years, mostly due to projects in inventory and supply chain management. billion annually to design, plan, build, and run IoT solutions by 2023, an increase from $186.1 billion by 2023. billion by 2023.

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Management Software Study Data 171

Gonzobanker

AUGUST 24, 2023

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. The crisis the WSJ is alluding to is the short-term “crisis of 2023.” Every management fad has a life cycle, and the innovation fad is on its last legs.

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Innovation United States Industry Technology 148

Perficient

NOVEMBER 22, 2023

However, in October 2023, loan payments resumed, presenting new financial challenges. While the temporary pause was beneficial, it left numerous individuals still grappling with the task of managing their additional financial obligations. In the second quarter of 2023, the average credit card balance soared to a 15-year peak.

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United States Cards US Operations 221

FICO

JUNE 1, 2023

2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts, many economists were predicting a mild recession to begin in the first quarter of 2023. The numbers: First quarter 2023 GDP released by the U.S. by the end of 2023. from February 2023 to March 2023.

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Trends Industry US Cards 52

Javelin Strategy & Research

NOVEMBER 15, 2022

Banner Section Home Rss.xml 2023 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

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Trends Fraud cryptocurrency Banking Trends 40

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. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

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Management Risk Management Policies Lending 195

BankInovation

JANUARY 18, 2023

Discover Financial Services’ Joe Mills, director of transformation strategy and automation, and Dan Ireland, senior manager of automation and businesses strategy, have joined Bank Automation Summit U.S. 2023 to speak on robotic process automation and automation operations. View the full agenda for Bank Automation Summit U.S.

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US Strategy Operations Management 52

FICO

JUNE 27, 2023

As a consequence of these increases in transactions and spend, the average active credit card balance for both March and April 2023, is 8.2 percent compared to February 2023; the percentage of accounts missing one credit card payment was up 22.8 percent higher than last year. In March, spend was down 6.1 percent and 9.4

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Cards Trends Management Data 52

FICO

AUGUST 8, 2022

2023 FICO Decisions Awards Now Open. I am excited to announce that our 2023 FICO Decisions Awards are now open! We are calling on our customers who are achieving outstanding success using analytics and decision management solutions from FICO to submit nominations for the awards. . Customer Onboarding and Management.

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Conference social media Analytics Fraud 52

Independent Banker

JANUARY 31, 2023

3 ways ICBA LIVE will support your community bank’s 2023 plans Register today To see the full ICBA LIVE agenda, including education sessions, or to register, visit icba.org/live Each year, ICBA LIVE delivers a wide range of education and networking opportunities for community banks. “If New connections. What does that entail, exactly?

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Honolulu Community Community Bank Leadership 91

FICO

SEPTEMBER 30, 2022

Meet Our 2023 FICO Decisions Awards Judges. FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Saxon Shirley. by Nikhil Behl.

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