Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Abrigo

FEBRUARY 6, 2024

In this blog post, we will delve into the strategies and policies credit unions can adopt to ensure the success and profitability of their MBL programs. How robust is your compliance program? Get ready for the next credit cycle with credit department housekeeping tips from this webinar.

Lending 221

Lending How To Risk Management Policies 221

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time.

Risk Management 221

Risk Management United States FDIC Compliance 221

Perficient

APRIL 11, 2023

In the second blog, Client Remediation – Running the Program (Part 2 of 3) , we looked at ways of shortening the length of client remediation programs. The Result of the Workshops can be Summarized per Process/Business Line: What risks are present? All data from the Workshops should be stored in the Risk Management Tool.

Risk Management 275

Risk Management Tools Exercises United States 275

Perficient

SEPTEMBER 16, 2022

Financial stability – Certain types of crypto-assets, such as stablecoins, if adopted at large scale, could also pose risks to financial stability, potentially through destabilizing runs and disruptions in the payment systems. The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act.

Compliance 275

Compliance Risk Management System Regulation 275

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Risk Management 150

Risk Management Management Analysis Resources 150

Abrigo

MAY 2, 2024

In this blog, we will explore best practices and strategies for small business lending. By the end of this blog, you'll have a comprehensive understanding of how to optimize small business lending within your financial institution. This structure ensures that the lending process is efficient and follows a standardized approach.

Lending 221

Lending Strategy Analysis Policies 221

Insights on Business

JULY 30, 2019

In this series of blogs , we focus on four high-growth transformative technologies with emerging risk applications which can help banks and financial institutions complete and protect the enterprise. Explore these ideas in more depth in the IBM white paper A new era of technology-enabled financial risk management.

Risk Management 70

Risk Management Analytics Technology Management 70

Abrigo

OCTOBER 23, 2014

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. The regulatory compliance aspect is critical, CEIS notes. Blog Bank Credit Union'

Risk Management 186

Risk Management Management Lending Resources 186

Perficient

NOVEMBER 27, 2023

This blog was co-authored by Carl Aridas and Joel Thimsen. This comparison enables your teams to assess process effectiveness and identify deviations that require attention due to inefficiencies and/or non-compliance. Build a reliable risk management strategy using accurate estimations and predictions.

Industry 221

Industry Regulation Compliance Data 221

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

ABA Community Banking

DECEMBER 31, 2014

Compliance Risk Management Blogs Common Sense Compliance BSA/AML Compliance/Regulatory. 1Common Sense Compliance' Chilling effect? Or extreme performance incentive?

Compliance 69

Compliance Risk Management Management 69

Abrigo

SEPTEMBER 7, 2023

However, AML system optimization , or parameter tuning, is critical for monitoring to be risk-based and the most effective for your FI’s market, products, and customer or member base. A robust model validation program to independently review these settings should be part of the compliance program and your institution’s model risk management.

Fraud 221

Fraud Training System Trends 221

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. as discussed in my previous blog. Gartner, Magic Quadrant for Integrated Risk Management Solutions, July 2019, Magic Quadrant for IT Risk Management, July 2019.

Risk Management 125

Risk Management Compliance Management Policies 125

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. Importance of Compliance. A Framework for OFAC Compliance Commitments. OFAC sanctions can have real world impact.

Compliance 195

Compliance Software Case Study Payments 195

Abrigo

JANUARY 24, 2024

Realistically assess your organization before taking on another institution with the following questions: Does your staff have the bandwidth to manage a bigger or more complex organization? Watch this webinar, "Understanding audit and regulatory expectations for CECL."

FDIC 195

FDIC Regulation Strategy Data 195

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. Conducting a staffing assessment can strengthen an institution's overall culture of compliance. Get the latest on sanctions compliance in 2022. Keep me informed.

Compliance 195

Compliance Fraud Regulation Resources 195

ABA Community Banking

JANUARY 22, 2016

Silence, stonewalling, and silos can all lead to compliance problems Compliance Risk Management Blogs Common Sense Compliance Compliance Management Compliance/Regulatory.

Compliance 40

Compliance Risk Management Management 40

Abrigo

OCTOBER 8, 2014

Regulatory compliance. Risk management. Regulatory Compliance. The greatest business concerns for the banks were regulatory compliance, growing loans and managing risk, with regulatory compliance topping the list by a wide margin. Managing Risk. Risk analysis. Blog Bank'

Community Bank 191

Community Bank Community Strategy Risk Management 191

ABA Community Banking

APRIL 27, 2016

Some parting words from a veteran Compliance Risk Management Blogs Common Sense Compliance Compliance Management Compliance/Regulatory.

Compliance 40

Compliance How To Risk Management Management 40

Abrigo

SEPTEMBER 7, 2023

This blog post explores examples of five key reports to provide financial institutions with insight into their credit and lending processes and their portfolios. They can initially set up reports to meet a specific institution’s needs and provide credit and lending dashboard examples. Learn more about Abrigo Connect.

Report 195

Report Lending Trends Data 195

Chris Skinner

APRIL 18, 2017

The banker took exception to purely being a store of value, and felt that the risk management aspect of banking was a critical part of their function. I argued that the bank’s risk management function is being eaten by software. He scoffed, and said that my discussion was too far out.

Risk Management 321

Risk Management Analytics Lending Software 321

Abrigo

NOVEMBER 17, 2023

As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. This is the first-time fraud has been addressed at a high level as part of AML compliance, but it makes sense. Proceeds from fraudulent activity must be laundered, so there is a direct correlation.

Fraud 195

Fraud Training Trends Compliance 195

ABA Community Banking

OCTOBER 24, 2014

Compliance Risk Management Blogs Common Sense Compliance Compliance Management. 1Common Sense Compliance' Dumb errors surface. But is the joke on us?

Compliance 40

Compliance Risk Management US Management 40

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! asokolowski.

Report 52

Report Risk Management Compliance Analytics 52

Abrigo

SEPTEMBER 10, 2021

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. Gain confidence in your BSA pogram. Learn More. Learn More. BSA Rules and Regulation. Learn More.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

NOVEMBER 10, 2014

According to CB Insight , community bankers felt Q3 was a light one in terms of regulatory compliance. However, the Q3 2014 Banking Compliance Index (BCI), shows otherwise. Many banks are beginning to hire a Chief Risk Officer (CRO) to manage regulatory compliance. Blog Bank Credit Union' Involve the Board.

Risk Management 170

Risk Management Community Bank Compliance Community 170

ABA Community Banking

SEPTEMBER 29, 2015

Large banks spend megabucks on compliance. They can get more for their money than a good rating Risk Management Blogs UNconventional Wisdom Operational Risk.

Compliance 40

Compliance Risk Management Operations Management 40

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. as discussed in my previous blog GRC is everyone’s business. 2019 Gartner Magic Quadrant for IT Risk Management.**. What is OpenPages with Watson?

Risk Management 70

Risk Management Compliance Management Policies 70

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

Accenture

APRIL 7, 2022

The post The 6 common mistakes banks make in SWIFT CSP appeared first on Accenture Banking Blog. SWIFT’s Customer Security Programme (CSP) is designed to ensure that financial institutions keep up with the controls they need to address cyber threats. With 23 mandatory controls and 9 advisories in….

Security 335

Security Risk Management Compliance Management 335

Abrigo

JUNE 4, 2020

15 due to compliance with requirements or guidance from the U.S. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Risk Ratings. Loan Origination System. SBA Lending.

Lending 195

Lending Risk Management Management Community 195

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. Maintaining a service provider oversight program to address risks to service provider relationships. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Abrigo

DECEMBER 2, 2021

It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. Retaining and recruiting compliance staff has also been an issue for a few years, leaving professionals overworked and stressed. Lending & Credit Risk. Portfolio Risk & CECL. Credit Risk Management.

Conference 195

Conference San Antonio Lending Fraud 195