BankInovation

JUNE 2, 2021

Banks are slow to automate risk management, but a majority of those that have done so report benefits such as reduced costs, greater accuracy, increased speed and improved compliance.

Risk Management 59

Risk Management Analytics Compliance Survey 59

Abrigo

APRIL 21, 2023

Kirby “If you do it correctly, you can shrink your scope size and look at riskier portfolios,” said Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking: lending, loan review, back-room operations, credit policy, portfolio management, and portfolio analytics.

Lending 195

Lending Risk Management Software System 195

PYMNTS

DECEMBER 6, 2018

In its survey of 419 corporate finance professionals, Gartner found that most finance departments have plans to implement more than one of the top-nine emerging technologies by 2020. Integration of external data is also a key focus, cited by 27 percent of survey respondents to tie with AI and machine learning deployment plans.

North Carolina 124

North Carolina Survey Analytics Analysis 124

Abrigo

APRIL 25, 2024

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. Indeed, most small businesses require external financing to survive and grow. 1 appeared first on Abrigo.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

SEPTEMBER 25, 2018

Enhanced data security and analytics are at the top of chief financial officers’ priority lists among both private and public companies, according to new data from auditing and advisory service provider Protiviti. The results are not surprising, he said.

Data 168

Data Analytics blockchain Survey 168

Abrigo

MAY 18, 2023

The guidance expects the credit risk review function to consider industry standards consistent with the institution’s size, complexity, loan types, risk profile, and risk management practices. As our annual loan review survey pointed out, loan review units have a severe workforce shortage at the junior and senior levels.

Lending 195

Lending Training Guidelines Policies 195

PYMNTS

JANUARY 23, 2020

It is a completely new way of thinking about payments,” said MUFG Managing Director and Head of Product, Innovation and Risk Management, Transaction Banking Americas Ray Fattell. .

Payments 141

Payments Fraud United States Analytics 141

PYMNTS

SEPTEMBER 6, 2017

The company’s latest 2017 Global Corporate Treasury Survey was recently published, and it’s not surprising that, since its 2015 report, Deloitte found that treasurers continue to face new pressure from their executive committees and boards to become a strategic, value-added role within the enterprise.

Risk Management 108

Risk Management Survey Management System 108

PYMNTS

JULY 23, 2019

Vendor risk is becoming an increasingly integral part of the supply chain management process, according to analysts. Earlier this year, SAP Ariba struck a partnership with American Express to strengthen its payment services.

Data 119

Data Risk Management Analytics Survey 119

PYMNTS

OCTOBER 29, 2018

This is especially true in finance-related functions like accounting, procurement, payroll and treasury, and a new survey from Workday suggests chief financial officers are recognizing the opportunities in a more collaborative approach to their positions.

Analytics 145

Analytics Resources Risk Management Data 145

PYMNTS

SEPTEMBER 29, 2017

However, interest rates, FX, commodity and derivatives risk, as well as operational risk, should not be disregarded.”. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks. Risk management, he continued, isn’t just about responding to threats.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

JANUARY 2, 2019

Their December 2018 survey found “digital readiness” to be the c-suite’s top priority for 2019, with executives also reflecting their concern that the biggest risks their companies face are intensifying. “The Moreover, half the respondents expect to deploy predictive analytics in the same period.”.

blockchain 201

blockchain North Carolina Survey Analysis 201

PYMNTS

DECEMBER 11, 2018

In its 2019 Executive Perspectives on Top Risks survey, published last week, Protiviti surveyed 825 board members across industries and across geographic markets to understand how corporations today are preparing for the year ahead. On the whole, researchers noted, the c-suite perceives 2019 risks as greater than in years past.

North Carolina 163

North Carolina Survey America Big Data 163

PYMNTS

MARCH 30, 2017

Grant Thornton released its 2017 CFO Survey this week to find that most of these executives said strategic planning is their top priority within the enterprise, surpassing other priorities like performance management or even increased cash flow. One of the largest ways it can do so is for risk management.

Analytics 100

Analytics Risk Management Management Data 100

Gonzobanker

JULY 6, 2021

Only one in five bank executives surveyed for What’s Going On In Banking think their core vendors have made significant contributions to their digital transformation efforts. Topping their list of complaints: speed to market/pace of new improvements (or lack thereof) and integration challenges. Transformation Strategy.

Strategy 156

Strategy System Risk Management Technology 156

PYMNTS

OCTOBER 10, 2016

203 billion to be spent on Big Data analytics solutions by 2020 , said IDC, highlighting banking and manufacturing as the industries that will fuel this spend. That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions.

Big Data 100

Big Data Analytics Data Survey 100

PYMNTS

APRIL 27, 2016

The conversation about exposure to FX risk continues to mount alongside the strengthening U.S. More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges.

Analytics 100

Analytics Risk Management System Survey 100

PYMNTS

OCTOBER 24, 2018

Huang pointed to a 2017 Merchant Risk Council Global Fraud Survey that found 68 percent of the council’s members rated improving fraud analytics as among their top priorities. However, businesses need to know about fraud trends at a granular level, a level of insight that is frequently lacking.

Fraud 159

Fraud Risk Management Customer Experience Trends 159

Abrigo

NOVEMBER 11, 2019

Bankers since the financial crisis have become accustomed to seeing language like the following: “The FDIC is re-emphasizing the importance of prudent interest rate risk oversight and risk management processes to ensure FDIC-supervised institutions are prepared for a period of rising interest rates.” Lending & Credit Risk.

Management 150

Management FDIC Community Risk Management 150

Abrigo

AUGUST 1, 2017

In the recent CECL Webinar: Data Quality for Credit Unions , Sageworks Risk Management Consultant Danny Sharman discusses the three different types of methodologies for data collection. According to a recent Sageworks poll, 46 percent of credit unions surveyed intend to use a dynamic method in collecting data to prepare for CECL.

Data 150

Data Resources System Risk Management 150

PYMNTS

DECEMBER 30, 2016

Half of companies surveyed, however, are depending on outdated technologies and solutions to stay secure. For today’s sophisticated threat environment, technologies that combine real-time behavioral monitoring, predictive analytics and alert and case management capabilities are leading the way. Simply put: Crooks love checks.

Fraud 145

Fraud Security Survey Technology 145

Insights on Business

AUGUST 2, 2018

The report draws primarily on the results of two surveys, respectively completed by Basel Committee member authorities and by banks (54 respondent banks from across 24 countries, including 20 global systemically important banks). Learn more about IBM financial risk technology here.

Risk Management 70

Risk Management Data Analytics Resources 70

Abrigo

DECEMBER 19, 2022

Whether it’s tied to the need for better technology and analytics or the desire to divest non-core bank assets, banks and credit unions will be looking to buy and sell in 2023. Over two-thirds of institutions responding to a recent Abrigo survey of FinCrime professionals said their BSA department also covers fraud.

Resources 195

Resources Training Fraud Compliance 195

CFPB Monitor

SEPTEMBER 9, 2019

Since 2017, issuers have lowered their daily limits on debt collection phone calls for delinquent credit cards and no surveyed issuer allowed calls to continue within a given day once “right party contact” was made. Risk management. Fraud risk management.

Cards 60

Cards Report Marketing Leadership 60

FICO

DECEMBER 10, 2020

More than 100 C-level analytic and data executives were interviewed for the report, to understand how organizations are developing and deploying AI capabilities. This is despite one-half of survey respondents reporting having strong model governance and management rules in place to support ethical AI usage.

Analytics 98

Analytics Fraud Data Software 98

FICO

JUNE 15, 2023

FICO’s latest 2023 Global Scams Survey reported that 90% of all consumers worldwide have sent a real-time payment, 62% use real-time payments more than 5 times per month, and 52% plan to use them even more. Is Sending Money Too Simple? The main reason behind this is nearly 80% of consumers like how easy real-time payments are to use.

Fraud 52

Fraud South Carolina Survey Management 52

PYMNTS

MARCH 17, 2017

Financial service providers must balance “process complexity with funding and risk management,” the executive said. “In Today, the technology, integration, analytics and increasingly open banking principles make nirvana possible.”. For one, he explained, current relationships between corporates and their banks are sub-par.

Fintech 195

Fintech Innovation Lending Management 195

PYMNTS

SEPTEMBER 14, 2016

Strong risk assessment necessitates segmenting and isolating the vulnerabilities in each channel’s customer touchpoint and implementing controls that integrate new data feeds, plus adding the ability to deploy third-party tools as needed for more robust detection (for example, in terms of device integrity and malware identification) and prevention.

Fraud 100

Fraud Payments Customer Experience Exercises 100

Gonzobanker

JULY 8, 2022

CIOs are expected to be able to leverage and deploy myriad state-of-the art digital solutions, including digital banking, cash management, online deposit and loan account opening, next-gen payments experiences, and remote employee access to critical systems. 2: Talent Shortage. A national unemployment rate of 3.6% and a shocking 1.3%

Resources 139

Resources Leadership Technology Management 139

FICO

JUNE 23, 2022

She continued, “Data goes hand-in-hand with this assessment because the underlying analytics infrastructures need to be able to support fraud organizations. I don’t think any institution really thought that they had that level of data analytics infrastructure.”. Go to lunch,” I said. TJ Horan. TJ holds a B.S.

Fraud 52

Fraud Management Data Compliance 52

PYMNTS

SEPTEMBER 26, 2016

Last fall, Capgemini released a report, “ Privacy Please: Why Retailers Need to Rethink Personalization ,” which showed that 93 percent of more than 220,000 consumers surveyed expressed serious doubts over retailers’ abilities to protect consumer data in the event of a cyberattack.

Report 100

Report Payments blockchain Security 100

PYMNTS

DECEMBER 13, 2018

and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. Trade tensions between the U.S.

Management 155

Management Trends Data Analytics 155

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast.

Risk Management 136

Risk Management Management Compliance Regulation 136

FICO

FEBRUARY 2, 2022

Analytics-powered digital solutions enable intelligent personalization based on context (i.e., Ensure that your fraud and risk management processes aren’t forcing them to visit. A recent survey by Future of Money found that they want better communication, more financial advice, better service, and tools to help build wealth.

Customer Experience 52

Customer Experience Digital Banking Video eBook 52

NCR

AUGUST 10, 2017

A Visa survey of Australian consumers found that more than a quarter (29 percent) of respondents felt ready to use an IoT device – such as a connected fridge or smart home virtual assistant – to make payments on their behalf.

Industry 75

Industry Retail Innovation Payments 75

PYMNTS

JANUARY 10, 2019

The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate.

Risk Management 185

Risk Management Strategy Management Analytics 185

FICO

MARCH 30, 2023

And data from the latest US FICO 2023 Scams Survey shows that 72% of Americans have gotten an unsolicited text, email, phone call or other outreach they thought was part of a scam, further highlighting the pervasive and persistent nature of scammers. billion in losses to investment scams alone in 2022, more than double the losses from 2021.

Fraud 52

Fraud ATM South Carolina Management 52