Abrigo

OCTOBER 10, 2023

Use the fraud triangle to prevent fraud at your institution The concept of the fraud triangle is frequently used in business, accounting, and criminology. How can you put it to use at your financial institution? Would you like other articles like this in your inbox? The FTC received fraud reports from 2.4 But why exactly is that the case?

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Fraud How To Training Trends 195

Independent Banker

DECEMBER 31, 2021

But as community bankers, we rise to the challenge by taking the next step forward. But as community bankers, we rise to the challenge by taking the next step forward. We are a community of community bankers, and we lean on one another. This is not just another year. What you need to know. What you need to know.

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Innovation Community Bank Community US 197

Gonzobanker

FEBRUARY 1, 2024

Turn up “Whole Lotta Love” and let the pure adrenalin rush of Jimmy Page’s intro accompany this year’s Acquire or Be Acquired recap … In the ever-evolving world of banking, Bank Director’s Acquire or Be Acquired Conference remains a constant. Old Ways Won’t Open New Doors While we can’t predict the future, we sure can prepare for it.

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Conference FDIC Arizona Industry 88

Gonzobanker

FEBRUARY 22, 2024

The right talent and tools can equip bankers to take advantage of opportunities in the small business market. As bankers continue to fight the deposit wars, they must move past the polite talk and build a true go-to-market plan to capture the lucrative U.S. No two markets are created equal.

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Lending Community Bank Community Strategy 78

Independent Banker

FEBRUARY 28, 2022

That’s why we’ve spent the past three years educating community bankers on the why of innovation: why bankers should be thinking about innovation, why innovation is a top priority in a digital-first environment and why now is the time to act. Finding the right marketing partner.

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Community Bank Community Innovation Tools 148

Independent Banker

DECEMBER 31, 2021

As prudent lenders, community bankers make every effort to mitigate risk. As prudent lenders, community bankers make every effort to mitigate risk. At ICBA, we already see movement on this front as community bankers embrace a willingness to explore different perspectives and cultural change. By Charles Potts, ICBA.

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Community Bank Community Innovation Leadership 91

Gonzobanker

MARCH 7, 2024

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The experience felt akin to entering a mosh pit but instead of musicians, you are in it with bankers and entrepreneurs and there are chairs. He likened it to regression testing.

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Las Vegas Fintech Conference San Francisco 158

Accenture

AUGUST 24, 2016

Many long-time commercial bankers are getting the same feeling Dorothy had in the Wizard of Oz—that they’re not in Kansas anymore. For example, extrapolation from publically available data suggests that in its quest to sign up new drivers, Uber may. Read more.

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Kansas Examples Data Digital Banking 150

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

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Customer Experience Training Strategy social media 195

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

Customer Experience 195

Customer Experience Training Strategy social media 195

TheGuardian

FEBRUARY 17, 2022

Payout for 2021 up 38% despite bank setting out plans to cut annual expenses by $1.5bn Bankers at Standard Chartered have shared a $1.37bn bonus pot for 2021, up 38%, even as it said it was trying to cut fixed costs, in a sign of how banks were returning to bumper payouts after weathering the Covid-19 pandemic in better shape than expected.

Marketing 90

Marketing 90

Independent Banker

JANUARY 31, 2023

Digital media gives community bankers a platform for advocacy, and ICBA’s Virtual Advocacy Primer details how you can put it to work. How can a community banker best connect with a member of Congress? Wait a week for a response and then follow up if necessary by phone, Facebook message and/or Twitter direct message.

social media 103

social media Meeting Community Community Bank 103

PYMNTS

SEPTEMBER 24, 2020

Small- to medium-sized businesses (SMBs) are reporting difficulty with the forgiveness aspect of the Paycheck Protection Program (PPP) as that feature opens up, according to CNBC. Trade groups have asked Congress for legislation to simplify the forgiveness process for loans under $150,000, which make up the majority.

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Guidelines Policies Report Groups 137

PYMNTS

DECEMBER 3, 2020

The year-end acceleration of mergers and acquisitions (M&A) worldwide will keep bankers busy until the close of 2020, with deals emerging in most regions and industries, Bloomberg reported. . “It It clearly won’t be a long Christmas break for M&A bankers,” Dirk Albersmeier , co-head of M&A, J.P. for targets,” he said.

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Regional Trends Data Fintech 147

PYMNTS

APRIL 2, 2020

The application for those loans went online in less than 48 hours, he noted, a short five days after the legislation that enabled it was signed into law by the president. trillion CARES Act , a massive stimulus effort meant to keep citizens and businesses whole and afloat while the world rides out the outbreak. has ever seen or offered.

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Regulation Lending Fraud US 248

Abrigo

FEBRUARY 23, 2023

You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits. Balance runoff is picking up speed, according to financial consulting firm Curinos.

Community Bank 195

Community Bank Kansas City Community Lending 195

Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. You want change, make some.”

Innovation 103

Innovation Trends Community Bank Community 103

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

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Fraud Report Security Company 290

PYMNTS

OCTOBER 7, 2020

EMQ , a provider of global financial settlement services, has begun letting businesses around the world transfer up to roughly $280,000 directly into banks in Japan, the company announced in a news release. EMQ already operates in Japan.

Regional 218

Regional System Operations Community 218

South State Correspondent

MARCH 7, 2022

As the pace of banking innovation speeds up, the OODA Loop, and its supporting concepts, can help a bank’s management team have a common framework to make decisions faster and more effectively. He is regarded as one of the best military strategists the world has known up there with Sun Tzu, Genghis Khan, and Napoleon.

Strategy 221

Strategy System Training Examples 221

Abrigo

JANUARY 27, 2015

Given pending changes to the ALLL as a result of the FASB’s CECL model, continued challenges within the allowance and increasing focus on stress testing , the Summit is designed to give bankers actionable insights from industry experts and a chance to ask questions about how other institutions tackle some of these challenges.

Risk Management 150

Risk Management Chicago Management Michigan 150

Gonzobanker

JANUARY 18, 2024

That adds up to opportunity for larger banks (>$100 billion in assets) to get into the space more aggressively. A sneak peek into Cornerstone Advisors’ forthcoming What’s Going On In Banking study shows that the percentage of banks looking to get into the banking as a service (BaaS) space is down from previous years. Big surprise, eh?

Fintech 88

Fintech Customer Experience Tools Payments 88

South State Correspondent

AUGUST 31, 2022

For example, not only are payee and payor matched up correctly, but the name string is consistently in the format: Title, First Name, Middle Name/Initial, Last Name, and suffix. The challenge is that most of the data in documents are “dark data” or unstructured data that is hard to find, analyze and manipulate.

Training 448

Training Data Examples Taxes 448

Perficient

DECEMBER 2, 2020

The other is a credit union that I signed up with because they offered a particular lending product. While some companies offer unique products and experiences that are tough to avoid, most organizations have a massive cross-sell/up-sell opportunity. Open accounts digitally without the need to sign papers in person.

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Data Customer Experience Case Study Branding 294

South State Correspondent

MAY 23, 2023

In 2021, we published articles warning bankers against higher rates (for example, HERE ) and the resulting impact on credit. We have seen the higher rates, and now bankers should brace for a credit shock. Lending is getting riskier. Once again, it is time to play more defense. When you write a blog, your work is there for all to see.

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Trends Minnesota North Dakota Arizona 195

Abrigo

DECEMBER 22, 2023

Why banking technology makes sense – recession or not Seventy percent of leaders from banks, credit unions, and fintechs in late 2022 planned to increase their tech spending in 2023, according to a survey by American Banker parent Arizent. Abrigo's blog covered these and other subjects in 35 credit and lending-specific posts this year.

Lending 221

Lending Risk Management Community Management 221

Abrigo

NOVEMBER 2, 2022

3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD . Reduce manual processes.

Software 195

Software Lending Training Mobile 195

Abrigo

MAY 24, 2023

If signed into law, the SAFE Act would allow banks to provide services to cannabis-related businesses (CRBs) in states that have passed the legalization of marijuana in some form. According to a letter from the American Bankers Association (ABA) to the Senate Banking Committee, only about 11 percent of all U.S.

Lending 195

Lending Fraud Operations Ohio 195

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. By Katie Kuehner-Hebert.

Fintech 136

Fintech Marketing Community Bank Community 136

Independent Banker

MAY 31, 2020

That approach doesn’t line up at all with the reality of true leadership. I’ll be continuing to connect with community bankers nationwide and champion their leadership via digital channels. But we do know it will continue to assemble ambitious, results-oriented community bankers as they expand their leadership journeys.

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Leadership Community Community Bank US 174

PYMNTS

AUGUST 9, 2020

Many credit unions and smaller banks said their interests will be ignored and have declined to sign with up for the giant bank-owned system. While having the Fed facilitate payments adds competition and provides choice, that choice will likely slow adoption,” Sarah Grotta , an analyst at Mercator Advisory Group, told American Banker.

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System Payments Operations Fraud 181

PYMNTS

JANUARY 14, 2021

Despite carrying out their own analyses, “[t]here were no signs of accounting discrepancies,” said Chromik, Reuters reports. Chromik was one of several senior bankers to take questions on Thursday by parliament. Top executives and auditors assured this, according to Reuters.

Fraud 146

Fraud Regulation Operations Report 146

PYMNTS

MARCH 13, 2020

With the acquisition of Apply Financial, Accuity wants to speed up payments for customers, it said in a statement Thursday (March 12). The company has a portfolio called Bankers Almanac for Payments, which works to deliver reliable information on bank and routing data. Terms of the deal were not released.

Payments 150

Payments Maine Industry Trends 150

PYMNTS

DECEMBER 14, 2016

Elizabeth Warren (D-MA) sent a letter to the chief executive of Prudential Financial requesting a briefing and documents having to do with press reports that Wells Fargo branch bankers signed up customers for life insurance policies without their knowledge or permission. Cummings and Sen. Warren said in the letter. “We

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Policies California Fraud Retail 100

TheGuardian

OCTOBER 2, 2023

Right around the time the gales of the financial crisis were tearing up Wall Street in 2009, Meredith Whitney started her own financial research firm. But all these former heads of investment banks, all these current bankers – they ran, not walked, to the office, just to meet him,” Whitney said. Michael signed them all.”

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Meeting US Management Marketing 110

PYMNTS

JULY 8, 2020

Homebuyer mortgage applications surged as June turned into July, in yet another sign of the housing market ’s surprisingly strong rebound after the coronavirus-triggered shutdown this spring. The number of purchase applications also jumped 5 percent over the previous week in June, the MBA said. The 30-year fixed rate slipped to 3.26

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Marketing United States Survey Industry 155

PYMNTS

NOVEMBER 1, 2016

Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg , smooth-talking fraudster Avery Stone and his partners at GMF convinced bankers from prominent international banks to invest in the business to the tune of $32.5 million).

Strategy 100

Strategy Cards Company Fraud 100