Abrigo

Stopping PPP Fraud

Abrigo

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox?

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Human Trafficking: Closer to Home Than You Think

Abrigo

Human trafficking is a global problem that affects us all. Often times people think human trafficking only happens in third world countries. This $150 billion industry is closer to home than you might think, but together we can prevent it. .

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SBA Uses Do Not Pay List to Thwart Further PPP Fraud

Abrigo

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) Business Center. . Would you like other articles like this in your inbox?

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CDFIs Kick Off PPP Loan Submissions

Abrigo

Plus what waiting lenders can do The latest round of the Paycheck Protection Program began with a head start for institutions aiding low-income areas.

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.

Trepp’s Review and Outlook on Commercial Real Estate Market

Abrigo

Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. The overall CMBS delinquency rate in September declined from a near peak rate earlier this year.

The Pandemic May Not be Derailing CECL Plans – But Many Institutions Still Risk Serious Delays

Abrigo

2023 CECL adopters vary in transition progress Financial institutions face considerable questions and obstacles in regard to their transition to CECL. You might also like this webinar on CECL in economic downturns. WATCH NOW.

Possible Changes in BSA Requirements – Agencies Issue Notice of Proposed Rulemaking

Abrigo

Notice of proposed rulemaking (NPR). Proposed amendments would modify two. BSA rules. The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) (the Agencies) jointly issued a notice of proposed rulemaking (NPR).

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PPP Instructions for SBA Forms 3509, 3510 Released on Forgiveness Platform

Abrigo

Key Takeaways The SBA released Paycheck Protection Program (PPP) lender instructions for the Form 3509/3510 Loan Necessity Questionnaire. Lenders will need to manually enter each borrower’s responses to the questionnaire on the SBA Forgiveness Platform.

Ag Lenders: Cultivate Growth with Effective Pricing, Structure

Abrigo

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . You might also like this webinar watch.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world.

PPP Lenders Starting to See Payments from SBA

Abrigo

Key Takeaways SBA payments to lenders for forgiven Paycheck Protection Program (PPP) loans are starting to flow.

FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

Key Takeaways FinCEN reissued their Geographic Targeting Orders (GTO) that were originally issued in May 2020. The purchase price of residential real estate under this GTO remains at $300,000. Real estate lending BSA training should include GTO guidance.

Loan Admin 101 – Effective Loan Administration Crucial in Pandemic Era

Abrigo

Key Takeaways Effective loan administration will protect margins and balance sheets at banks and credit unions as they handle the effects of the pandemic-induced economic crisis. Sound loan administration software or systems will generate accurate, timely information in a secure environment.

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

Putting excess liquidity to work in today’s low-rate environment

Abrigo

Key Takeaways Financial institutions are currently awash with liquidity and competitive markets are squeezing rates.

Celebrating BSA/AML Day 2020

Abrigo

BSA/AML Day was created by Abrigo in 2017 to honor the hard work BSA/AML professionals do each and every day to protect our financial industry and country. It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny.

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Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos

Abrigo

Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead.

From CRE to Corporate Culture – BIG Ideas from 2020 ThinkBIG: Manage Risk. Drive Growth.

Abrigo

Key Takeaways Gain an understanding of the current state of banking and future expectations. Learn how to support company culture and hiring long-term talent. Plan for new technology and innovations.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

BSA and AML Day National 2020 Celebration

Abrigo

Honor BSA/AML Professionals on October 26th Professionals across the nation are encouraged to celebrate National Financial Crime Fighter Day. . Share your story! Read More. History of BSA/AML Day Learn why BSA/AML Day was created and the significance of the day.

Managing Loan Workouts: 10 Lender Action Items

Abrigo

Key Takeaways Managing a large volume of loan workouts is the next challenge facing many financial institutions. Managing loan workouts requires tackling numerous process-related decisions concerning selecting, analyzing, and tracking loans.

Cost Adjustments: Why Living in the 1990s Might Be Depressing Your Financial Institution’s Market Value Premium

Abrigo

Key Takeaways Financial institution executives wondering about changes in their market value premiums might need to look at the assumption used for modeling deposit servicing costs. Some ALM models rely on cost of servicing assumptions that haven't been updated in years.

Red Flags for COVID-19 Related Fraud – What You Need to Know

Abrigo

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Imposter scams, money mule scams, and cybercrime are all increasing due to a growing vulnerable population.

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

How Your Asset/Liability Management Model Makes Budgeting and Forecasting Easier

Abrigo

Key Takeaways A good asset/liability management (ALM) model has a wealth of information and tools that can be used in the budgeting process. An ALM model can help budgeters consider the impacts of the pandemic on balance sheets and strategies.

How Your Asset/Liability Management Model Makes Budgeting and Forecasting Easier

Abrigo

Key Takeaways A good asset/liability management (ALM) model has a wealth of information and tools that can be used in the budgeting process. An ALM model can help budgeters consider the impacts of the pandemic on balance sheets and strategies.

7 Reports Your ALM Model Can Provide to Manage Changes Ahead

Abrigo

Key Takeaways ALM professionals often inquire about reports they can run using their ALM models to help manage their financial institutions. It's a good question, because the impact of changes are often hard to discern in the short term -- the focus of our typical reports.

7 Reports Your ALM Model Can Provide to Manage Changes Ahead

Abrigo

Key Takeaways ALM professionals often inquire about reports they can run using their ALM models to help manage their financial institutions. It's a good question, because the impact of changes are often hard to discern in the short term -- the focus of our typical reports.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world.

3 Ways SBA Lending After PPP Can Help Banks, Credit Unions Grow, Mitigate Risk

Abrigo

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability.

3 Ways SBA Lending After PPP Can Help Banks, Credit Unions Grow, Mitigate Risk

Abrigo

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability.

Top 5 Regulator Hot Topics During COVID-19 and Beyond

Abrigo

Key Takeaways FinCEN and federal regulatory agencies have been increasingly transparent in the first three quarters of 2020. Regulatory agencies understand that these are different times and are prepared to be more flexible in their examination.

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.