Abrigo

JULY 13, 2023

Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams. The goodwill your institution will gain in the community will be invaluable. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.

Community Bank 150

Community Bank Community How To Meeting 150

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

JANUARY 22, 2021

“Loon has been chasing the hardest problem of all in connectivity — the last billion users,” Loon CEO Alastair Westgarth said in a blog post on Medium. . The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology. Loon was originally part of Alphabet’s X division.

New York 181

New York Regional Community Software 181

Abrigo

JULY 10, 2023

As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant. Your financial institution can help build awareness and encourage best practices for protecting personal information by providing educational materials to your community.

Fraud 150

Fraud How To social media Security 150

Abrigo

JUNE 23, 2020

Learn from your peers and hear what problems they are dealing with in our Abrigo Community, exclusive to our customers. Community financial institutions are often tasked with doing more with less. The ADC is a highly resilient environment with risk monitoring levels not currently sustainable by typical community financial institutions.

Software 195

Software Community Fraud Resources 195

Abrigo

NOVEMBER 18, 2019

Key Takeaways Cannabis-related businesses operate in high cash volumes, creating a public safety concern. CRBs operate with high levels of cash, with many of them currently cash-only businesses. The SAFE Banking Act looks to create a safe harbor for institutions looking to bank legitimate CRBs. Why is the SAFE Banking Act important?

Regulation 150

Regulation Community National Operations 150

Abrigo

MARCH 22, 2023

See Part I: Implications for Community Financial Institutions. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Transnational criminal organizations will use anything of value, which can be turned quickly into funds. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

Abrigo

AUGUST 20, 2021

The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.” Read our blog series on the FinCEN's priorities. Start with Part 1: Implications for Community Financial Institutions. BSA Rules and Regulation. BSA Training.

Training 195

Training Strategy Fraud National 195

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. For CECL, Schroeder explained, the board looked at a range of solutions, from ignoring losses to fair value, and examined each solution to determine if it was operable, understandable, and auditable. How to lessen the impact of CECL on smaller community banks.

Community Bank 150

Community Bank Community Lending Analysis 150

Abrigo

JULY 30, 2020

Regulators will have elevated interest in credit risk and the resulting impact in the months ahead. Meanwhile, recognizing that other financial institutions are vital to their own communities, regulators also have a long history of requiring various stress tests on individual risk areas of other institutions. Asset/Liability.

Capital 248

Capital Analysis Resources Management 248

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. What events could jeopardize our operational liquidity? This is the fourth post in a series. .

Management 195

Management Meeting Risk Management Operations 195

CFPB Monitor

JULY 15, 2020

When the OCC issued its final Community Reinvestment Act (“CRA”) rule on May 20, 2020, the agency acted alone without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued its proposed rule. This is the fourth in a series of five blog posts about the OCC’s CRA final rule.

FDIC 78

FDIC Community Bank Community Regulation 78

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. This includes static application structure, dynamic application behavior, third-party component patch/version levels, and overall deployment environment compliance with hardened operating systems.

Compliance 332

Compliance Security Software System 332

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers. Support responsible innovation.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Abrigo

OCTOBER 25, 2021

It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny. For this reason, I educate the elderly community as well as civic groups on scam activity and elder financial exploitation.” – Jacqueline Wells, The Farmers & Merchants State Bank. BSA Rules and Regulation. learn more.

System 195

System Training US Compliance 195

PYMNTS

AUGUST 3, 2020

. “Being the world’s reserve currency, naturally regulators are going to take more time. There are currently three community banks in the market that provide services to the digital asset arena: Signature Bank , Silvergate Bank and Metropolitan Commercial Bank. Things don’t change quickly in the banking industry.”

Payments 294

Payments blockchain System Bitcoin 294

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk 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. Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog.

Risk Management 221

Risk Management Regulation Management Lending 221

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.”). Poor operating results 10. Low capital levels or poor access to new capital 11.

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

OCTOBER 7, 2014

In a recent survey conducted in partnership by the Federal Reserve and the Conference of State Bank Supervisors ( CSBS ), over 1,000 community bankers weighed in on a range of hot button issues facing their organizations in 2014. Blog Bank Credit Union Industry Trends' This should come as no surprise.

Trends 230

Trends Capital Community Industry 230

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. In addition, several businesses have been flagged as “inactive” even though they have been operational throughout the pandemic. “The New Guidance Out. PPP fraud-prevention challenges arise. mail, Craig said.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

JUNE 5, 2015

In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations. Stress testing is one such area where many smaller banks are feeling the weight of regulation.

Risk Management 150

Risk Management Community Bank Regulation Survey 150

PYMNTS

AUGUST 7, 2020

But among mobile users, only gamers who use devices running Google’s Android operating system will be able to play. We’re staying focused on building communities for the more than 380 million people who play games on Facebook every month — whether Apple allows it in a standalone app or not.”.

Policies 166

Policies Apple Guidelines Google 166

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. This reflects a larger industry trend. For many, commercial real estate lending may be the ticket.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Lending 186

Lending Community Bank Community Analysis 186

PYMNTS

AUGUST 12, 2016

In a blog post , Mondo, which launched in Feb. 2015 to create a completely different kind of bank, said it is now authorized and regulated by the Financial Conduct Authority and Prudential Regulation Authority. While Mondo received its license, it is operating in a crowded space. Mondo , the U.K.

social media 100

social media Regulation Cards Course 100

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Environmental Protection Agency in which the Court struck down an EPA regulation pertaining to carbon dioxide emissions because it constituted a major change in the law which was not contemplated by Congress.

Groups 145

Groups West Virginia Policies Virginia 145

BankUnderground

MARCH 1, 2021

During these negotiations Catto lobbied for the Bank not to be given more powers to regulate banks. The negotiations went smoothly on the whole but, according to records in the Bank’s archives, Catto declared himself during one meeting at the Treasury to be ‘strongly against any legislation giving powers to regulate the banks’.

Policies 124

Policies Regulation Meeting Industry 124

Cisco

MAY 10, 2022

It is the premier destination for Cisco customers and partners to gain knowledge and to build a community. A modern digital infrastructure is needed to power this operational transformation milestone, however, managing the complexity of the IT estate requires a new approach and new solutions.

Las Vegas 129

Las Vegas Industry Leadership Technology 129

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Abrigo

NOVEMBER 11, 2021

Cashing Out Through Foreign CVC Exchanges : To launder and cash out their illicit proceeds, cybercriminals often use CVC exchanges that have lax compliance controls or that operate in jurisdictions with little regulatory oversight. This may include community financial institutions and credit unions. Learn More. Learn More.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Cashing Out Through Foreign CVC Exchanges : To launder and cash out their illicit proceeds, cybercriminals often use CVC exchanges that have lax compliance controls or that operate in jurisdictions with little regulatory oversight. This may include community financial institutions and credit unions. Learn More. Learn More.

Fraud 195

Fraud cryptocurrency System Trends 195

Cisco

OCTOBER 19, 2020

Various regulations, PIX, Open Banking and hundreds of innovations are completely changing the rules of the game in this industry. Successful business resilience: How it ensures employee safety, operational continuity, and excellence in customer service. The post The New Financial Paradigm appeared first on Cisco Blogs.

User Experience 71

User Experience America Security Digital Banking 71

FICO

OCTOBER 4, 2016

with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). Adopted in 1977, the CRA is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

Lending 74

Lending Data Community FDIC 74