Abrigo

MAY 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. They lead to inefficiencies and roadblocks to small business lending.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Top down and bottom up analysis can inform capital assessments. Stress testing can put a burden on smaller financial institutions, but today's technology "levels the playing field.".

Lending 150

Lending Risk Management Analysis Capital 150

Gonzobanker

AUGUST 14, 2019

When most financial executives read the headline “Capital One Data Breach,” they had two thoughts: How is this going to impact the financial sector? In this case, information about Capital One ’s customers. Aren’t both AWS and Capital One both responsible? What does the Capital One breach mean?

Capital 94

Capital Data Security Guidelines 94

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alogent acquired document imaging and tracking solution provider AccuSystems.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

SEPTEMBER 1, 2020

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability. PPP drove major technology upgrades. Practice makes perfect.

Lending 195

Lending Risk Management Technology Survey 195

Abrigo

JANUARY 7, 2021

Borrowers of less than $150,000 don’t have to provide documentation of this when they apply, but they must either provide it during the application, during the forgiveness application, or on SBA’s request. Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. March 31 deadline.

Taxes 195

Taxes Lending Connecticut Capital 195

Abrigo

SEPTEMBER 2, 2020

Technology can create efficiencies that allow them to reimagine customer interactions moving forward. Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. Capitalizing on PPP innovations for a better experience.

Lending 259

Lending Community San Antonio Survey 259

Abrigo

FEBRUARY 23, 2022

How we manage the flow of documents is a huge piece of loan ops; how we store those documents appropriately; how we’re getting them to and from our lenders or appraisers or the third-party vendors that we use—all that stuff really opens itself up to process improvement. Lending & Credit Risk. Credit Risk Management.

How To 195

How To Lending Software Survey 195

Abrigo

SEPTEMBER 2, 2020

Technology can create efficiencies that allow them to reimagine customer interactions moving forward. Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. Capitalizing on PPP innovations for a better experience.

Lending 195

Lending Community San Antonio Survey 195

Abrigo

SEPTEMBER 1, 2020

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability. PPP drove major technology upgrades. Practice makes perfect.

Lending 195

Lending Training Technology Survey 195

Gonzobanker

NOVEMBER 2, 2023

Smarter Bank leaders have an eye for designing and building new systems that align people, processes and technology and that leverage data and intellectual capital. Credit officers don’t approve every loan – rather they build credit models and portfolio management systems.

Leadership 154

Leadership Industry Management Resources 154

Abrigo

FEBRUARY 27, 2020

Digital technology standardizes and automates many of the tasks causing the biggest headaches and delays for lenders and credit analysts. They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management.

Lending 243

Lending Survey Data System 243

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Many financial institutions implemented or upgraded technology to help them offer PPP loans during the pandemic. Lenders use their own credit decision process and loan documentation, allowing a streamlined method for approval.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Many financial institutions implemented or upgraded technology to help them offer PPP loans during the pandemic. Lenders use their own credit decision process and loan documentation, allowing a streamlined method for approval.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

JUNE 17, 2020

There is also performance risk, he explained, which takes into account the threat of a vendor failing to deliver goods as reflected on a purchase order — whether they be non-compliant or damaged, for example. Finally, there is transaction risk, which addresses the threat of false documentation of shipping fraud. ”

Fraud 171

Fraud Capital Data Payments 171

Abrigo

JULY 28, 2021

Takeaway 3 Beginning CECL adoption earlier provides time needed for backtesting, documentation, and developing disclosures. The later CECL deadline was also expected to help later adopters avoid a last-minute scramble for audit, technology, and other assistance when implementation resources are in peak demand. Start Now’. Learn More.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

NOVEMBER 7, 2018

CEO Scott Sanborn said that results benefited partly as the firm was and has been able to serve broad range of investors across the company’s platform, marked by varying cost of capital and risk appetites.

Taxes 159

Taxes Management Risk Management Capital 159

Insights on Business

JUNE 28, 2018

So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. Think about the large numbers of documents and repetitive processes, mainly in automating legal, that soaks up the time of many compliance and risk departments.

Compliance 70

Compliance Case Study Analysis Analytics 70

Abrigo

DECEMBER 5, 2016

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. For many companies, top executives or boards are involved in IT only insofar as approving capital spending on technology. Make the topic ubiquitous.

Cyber Security 150

Cyber Security Security Software Meeting 150

Insights on Business

AUGUST 2, 2018

Or in other words, a modern day financial institution generates massive amounts of data every day, but producing actionable intelligence from this information remains a challenge, mainly due to technology constraints. Learn more about IBM financial risk technology here.

Risk Management 70

Risk Management Data Analytics Resources 70

Insights on Business

APRIL 23, 2018

For over a generation, IBM and Citi have collaborated on a number of projects bridging the gap between technology and financial services among two long-established industry leaders. Technology moves fast. Right now, CIOs are struggling to keep up with developments in technology that impact and disrupt financial services.

Security 87

Security Data Analytics Industry 87

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. Notably, Utah’s definition expressly includes blockchain technology. The sponsor of Utah’s legislation, Rep.

Utah 60

Utah Arizona Regulation Innovation 60

CFPB Monitor

APRIL 25, 2022

The OCC’s actions send a clear message that regulated entities offering emerging technology financial services must adhere to the same BSA/AML monitoring and reporting requirements as more traditionally regulated entities. The January 2021 Operating Agreement . CDD and SARs.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Independent Banker

JANUARY 28, 2016

Here, these risks could involve pursuing a new lending business line such as commercial leasing, expanding into a new marketplace, or rolling out mobile banking or remote check deposit capture. Regulators issued a statement with reminders about prudent risk-practices related to concentrations in commercial real estate lending.

Community Bank 70

Community Bank Community Regulation Lending 70

PYMNTS

MARCH 11, 2016

GIACT Systems’ co-founder and Chief Technology Officer Merlin Bise says the use of smart data in real-time is key to overcoming the onboarding stumbling blocks many companies are facing. “In So how can companies strike the balance between ensuring customer acquisition processes are not just efficient, but also frictionless and secure?

Data 100

Data Customer Experience social media Fraud 100

CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. Key takeaways. Investments to regtech startups are on pace for a record year.

Compliance 72

Compliance Regulation blockchain Software 72

Independent Banker

DECEMBER 13, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Fintech Labs Insights

DECEMBER 7, 2016

Fiserv launches Prologue Risk Manager to streamline and simplify compliance. RAGE Frameworks unveils LiveSpread , an AI solution to aid in processing of financial documents for credit analysis. Scalable Capital launches Android App in the U.K. Around the web.

Austin 12

Austin Compliance Risk Management Taxes 12

PYMNTS

SEPTEMBER 3, 2018

million from Aston X, an ICO project building a platform to decentralize documents; $5.8 billion) for its investors in the biggest technology IPO Europe has seen as of this summer. The company won’t receive any proceeds from the IPO, which implies a market capitalization of 7.1 They also stole $13.8 billion euros.

Branding 100

Branding Cards Fraud Marketing 100

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

blockchain 12

blockchain Trends Fintech social media 12

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. “For us, it’s more about combining this with other payment, reporting and receipt management.

Compliance 135

Compliance Regulation Management Fintech 135

CB Insights

OCTOBER 6, 2017

And the next phase of technological evolution is already underway: advanced neural networks that learn, adapt, and respond to situations. 10 million US jobs at high risk of disruption. Khosla Ventures also backed Cafe X Technologies in Q1’17, alongside The Thiel Foundation, Felicis Ventures, and Social Capital.

Software 69

Software Industry Retail United States 69

Fintech Labs Insights

NOVEMBER 18, 2015

BankersLab’s Benchmarking is an addictive simulation game for fintech investors, regulators, and bank executives to predict which managers and lending institutions will make good decisions. IDscan Biometrics’ new algorithm helps financial institutions authenticate identities using game-changing neural network technologies.

Company 12

Company Comparison Customer Experience Management 12

CB Insights

APRIL 7, 2018

.” To imagine a world where robots do all the physical work, one simply needs to look at the most ambitious and technology-laden factories of today. For example, the Dongguan City, China-based phone part maker Changying Precision Technology Company has created an unmanned factory. So, what does the future of factories hold?

Technology 78

Technology blockchain Industry Software 78

Fintech Labs Insights

SEPTEMBER 1, 2015

ArcBit aims to lever Bitcoin and Blockchain technology to connect you to the global Internet economy. Using cutting edge technology, Auvenir is setting the new standard in compliance and assurance. Dealflow is building the largest channel for online capital formation. Auvenir is a smarter way to audit financial statements.

Company 12

Company Software Analytics Mobile 12