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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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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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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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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South State Correspondent

OCTOBER 26, 2023

Identity management, ID proofing, preventing account takeovers, limiting card-not-present risk, the rise of social engineering on remote workers, and more cyber-crime-as-a-service offerings had most of the buzz. The post Recap of Money 20/20 USA 2023 and 10 Banking Thoughts appeared first on SouthState Correspondent Division.

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Banking Exchange

JANUARY 16, 2023

Chief risk officers say they are seeing cybersecurity risks everywhere, new survey shows Risk Management Feature3 Feature Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Security

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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. Until June 6 of this year, each of the federal bank regulators had provided the different organizations of that same firm with slightly different versions of their risk guidance. It’s the guidance.

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American Banker

MARCH 22, 2024

The FDIC Office of Inspector General attributed the downfall of Citizens Bank in November 2023 to lax lending practices and risk mismanagement by the Lange family, causing a $14.8 million loss to the regulator's Deposit Insurance Fund. The OIG saw no grounds for a more extensive review.

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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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FICO

NOVEMBER 21, 2022

FICO Ranks Top 5 in the 2023 Chartis RiskTech100® Report. FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. Innovation – AI and Decision Management Platform (*New category win for FICO). asokolowski.

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CFPB Monitor

DECEMBER 18, 2023

In its Fall 2023 Semiannual Risk Perspective , published on December 7, the Office of the Comptroller of the Currency (“OCC”) reported on key issues facing the federal banking system. Continue Reading

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Perficient

NOVEMBER 17, 2023

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period.

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FICO

MARCH 21, 2023

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. recession in 2023. More than 75% of respondents said a recession was likely or very likely in 2023, and only 7% said it was unlikely.

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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.

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Alex Jimenez

NOVEMBER 4, 2023

Risk Management and Fraud Prevention: The continued increase in fraud and the growth of real-time payments drove many discussions about how to improve risk management. A version of this post was published on LinkedIn, November 1, 2023. The application of AI was highlighted many times.

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Banking Exchange

JANUARY 3, 2023

Aside from rising interest rates, experts are siting other factors when it comes to the real estate Mortgage Credit Feature Human Resources Mortgage Mortgage/CRE Feature3 Risk Management Customers.

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Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

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Risk Management Handbook Analysis Management 195

Perficient

FEBRUARY 27, 2023

These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion. Workflow timings may now be altered due to the immediacy of transactions, which can have a domino effect on operational, risk management, and reporting teams.

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Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. In the first quarter of 2023, these balances plunged over 40% due to reported U.S.

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Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Watch this webinar, "Understanding audit and regulatory expectations for CECL."

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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

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Gonzobanker

JANUARY 4, 2023

Risk plan – Operational risk management is a company-wide discipline that has become the focus of regulators, boards, and the “C” level. The post The Horizontal, Embedded 2023 Technology Plan appeared first on Gonzobanker. The CIO is in the middle of these plans, but very likely is not leading them. Christian Lange.

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Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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Compliance New York Regulation Analysis 221

BankInovation

SEPTEMBER 20, 2023

1 risk management concern, according to a poll taken Monday during a risk-management session at the Sibos 2023 event this week. “Our Our ability to succeed in payments over the long haul is fundamentally rooted in this concept of embracing uncertainty while managing risk,” […]

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Risk Management Management Payments Security 68

BankInovation

JANUARY 18, 2024

Discover Financial Services invested in its integrated digital banking model, risk management, analytics and compliance initiatives in 2023 and expects to continue those efforts this year.

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Digital Banking Analytics Risk Management Compliance 63

BankInovation

JANUARY 17, 2024

In 2023, financial institutions continued to look to third-party vendors for innovative solutions to enhance their offerings. banks are most eager to partner in the following three areas: Payments and money movement; Fraud and risk management; and Mobile […] A December report by Scottdale, Ariz.-based

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Banking Exchange

JANUARY 6, 2023

Regulators have started 2023 with warnings surrounding investment in crypto for banks Risk Management Feature Feature3 Blockchain Bitcoin Cryptocurrency Digital Compliance Compliance/Regulatory.

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FICO

JANUARY 19, 2023

While UK support will continue through 2023, and possibly into 2024, we can expect to see it provided on a more targeted basis as governments face rising debt burdens as a proportion of GDP. Here are my three predictions for risk management and customer treatment in 2023.

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Gonzobanker

MAY 23, 2023

Taking a step back and looking into reported financial data for Q1 2023, a few key insights appear: The banking industry lost a remarkable $1.1 of total deposits from March 31, 2022, to March 31, 2023 – obviously, a pace that is dangerous to liquidity if it continues. trillion or 5.5% Where did the money go?

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Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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American Banker

SEPTEMBER 8, 2023

Regulators and the public are still concerned about the condition of the banking system. Bankers can't afford to look away.

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Abrigo

APRIL 25, 2024

Data in this report is current as of Q2 2023 and is representative of market trends and conditions at the time of publication. The negative correlation of funded business loans to the Fed funds rate is a staggering 86% as businesses weigh their needs for capital against expensive debt and lenders aim to limit risk.

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FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Vice President, Product Management. As I look back on 2022, I’m reluctant to lean too far into predictions for 2023. But I’ll still weigh in with prognostications for 2023. Be Mindful with Payments in 2023. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

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Perficient

JANUARY 30, 2024

Every voice within our organization holds significance, none more so than Carolyn Lee , a Project Manager (PM) in our Financial Services business unit and a leader in Perficient’s Risk and Regulatory Center of Excellence (CoE). Perficient promises to challenge, champion , and celebrate our people.

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Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices.

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