Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 96

Risk Management Management Compliance New York City 96

Insights on Business

OCTOBER 11, 2018

IBM OpenPages is again in the Leader’s quadrant of the new 2018 Gartner Magic Quadrant for Integrated Risk Management (IRM). In May 2018, IBM proudly accepted two distinguished RegTech Awards – for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution”.

Risk Management 70

Risk Management Management Compliance Innovation 70

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

OCTOBER 23, 2014

CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations. But shareholders also expect profitability and growth, while keeping costs, especially those related to regulatory compliance, down.

Risk Management 186

Risk Management Management Lending Resources 186

Perficient

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

FDIC 221

FDIC Risk Management Regulation Leadership 221

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.

Retail 221

Retail FDIC Risk Management Management 221

Abrigo

MAY 19, 2023

Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general. Loan review management needs to develop a basic loan review curriculum so that their senior loan reviewers are being given recruits acquainted with the basics.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

JULY 10, 2015

Compliance is often a loaded word for bankers. While regulations within the banking industry are, of course, a necessity, the ongoing conversation about striking a balance between mitigating risk and overregulation continues in government, media and financial institutions themselves. By nature, a bank is set up to withstand some risk.

Compliance 150

Compliance Risk Management Regulation Management 150

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. Regulatory compliance. Risk management. Regulatory Compliance. Managing Risk. Risk management typically involves the following steps: 1. Risk analysis. Loan growth.

Community Bank 191

Community Bank Community Strategy Risk Management 191

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Abrigo

DECEMBER 19, 2022

Would you like other articles like this in your inbox? Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering. Ongoing training is vital for an effective AML/CFT program.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Would you like others articles like this in your inbox? Importance of Compliance. Framework Document.

Compliance 195

Compliance Software Case Study Payments 195

Digital Growth Institute

AUGUST 1, 2023

And there’s an opportunity for us to transform compliance, often seen as a cost center, into a driver of future growth by protecting account holders from risks in the Age of AI. Emphasizing collaboration and open dialogue with risk and compliance teams can help create a supportive and innovative environment.

Compliance 15

Compliance Risk Management Branding Innovation 15

Abrigo

MAY 9, 2022

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Would you like other articles like this in your inbox? Conducting a staffing assessment can strengthen an institution's overall culture of compliance. Keep me informed.

Compliance 195

Compliance Fraud Regulation Resources 195

Insights on Business

JULY 18, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 70

Risk Management Compliance New York City Innovation 70

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. Learn more about the Sageworks Credit Risk Management Solution. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? This is the first-time fraud has been addressed at a high level as part of AML compliance, but it makes sense. Measuring the cost of fraud losses.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

SEPTEMBER 10, 2021

Would you like other articles like this in your inbox? The role of BSA staff was typical compliance and very task-oriented. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review in your inbox? Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution.

System 195

System Lending Policies Regulation 195

Abrigo

APRIL 12, 2016

Directors overseeing a bank’s operations are important partners in supervisory efforts, the FDIC noted in the article (“A Community Bank Director’s Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.”). Risk management culture What exactly is a risk management culture?

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

AUGUST 4, 2015

The most senior risk management executives at these institutions are under the spotlight, both in the industry and in the media. So when late last month Bank of America announced a management overhaul that directly impacted this important review, it left some in finance scratching their heads.

Resources 150

Resources America Compliance Michigan 150

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

Conference 221

Conference Las Vegas Fraud Case Study 221

Cisco

FEBRUARY 1, 2021

Especially after a year as transformative as 2020, so often, by the time an article is released, the industry has already pivoted its gaze elsewhere. Podcast #3: Security, compliance, & risk management. In the ever-changing financial services industry, we realize the importance of timely, relevant industry updates.

Risk Management 71

Risk Management Industry Compliance Management 71

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? How the institution wants to use FedNow.

Fraud 195

Fraud Payments Security Resources 195

South State Correspondent

MARCH 14, 2024

In this article, we want to go deeper to show how by increasing your planning horizon, you can increase your long-term performance. Risk management also needs to change. If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail.

Innovation 195

Innovation Strategy Capital Comparison 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Gonzobanker

SEPTEMBER 21, 2023

Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. Helix partnered with Unit21 for fraud and risk management solutions for fintechs.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

DECEMBER 7, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment.

How To 195

How To Fraud Analysis Compliance 195

Gonzobanker

JULY 6, 2021

It’s reimagining the financial institution’s processes from a customer, efficiency, and risk management perspective without being constrained by dated technology or the old way of doing things. As this article points out, a core system replacement may not be in the cards for every institution. At least, not right now.

Strategy 158

Strategy System Risk Management Technology 158

Perficient

JANUARY 16, 2024

This blog, the first in a series by Perficient’s Risk and Regulatory Center of Excellence (CoE), provides actionable measures your company can adopt to safeguard against senior-level embezzlement risks and maintain the integrity of your institution’s financial transactions.

Compliance 221

Compliance Guidelines Policies Risk Management 221

Abrigo

AUGUST 6, 2021

Would you like other articles like this in your inbox? Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. How can community financial institutions thrive in 2021?

Community Bank 195

Community Bank Community Kansas City Lending 195

South State Correspondent

APRIL 27, 2022

In this article, we walk through why banks should focus on total experience (TX) and give you the ten critical factors that can catapult your bank ahead of almost every bank in the industry. Risk management, credit, and compliance should not be paid to keep the bank safe; they should be paid to help produce a superior total experience safely.

Customer Experience 195

Customer Experience eBook User Experience Policies 195

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Jeff For Banks

MAY 16, 2015

High level risk management reports (because more granular risk reports are reviewed in Committee) and trends. Compliance and audit reports, not included in 5 above 7. Executive recruiter Alan Kaplan recently wrote an article for Bank Director magazine titled What Makes Great Boards Great. Budget variance reports 3.

Report 60

Report Policies Risk Management Meeting 60

FICO

SEPTEMBER 12, 2018

For more information on this topic, see our white paper on Advancing AML Compliance with Artificial Intelligence. This episode of Tomorrow’s World Today also included an interview with Gordon Cameron, EVP of Independent Risk Management at PNC, which uses the AI in FICO Falcon Fraud Manager to protect its customers.

Video 45

Video Fraud Risk Management Compliance 45