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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Treasury and financial market, among other responsibilities.

Security 112
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Colleagues Come Together to Donate Over $20,000 to Support Those in Hunger Around the World

Perficient

Coming Together to Support Food Security. As we empowered our colleagues to give back in their own individual way, it became evident food security was an important cause to our people around the world. Giving Back To Food Security Organizations. Submission by Amelie von Fluegge, senior project manager. Hunger Task Force.

St. Louis 443
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Top News In Payments: Brex Unveils Management Account; Saga Teams With Marcus For Savings Accounts

PYMNTS

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Brex is rolling out a business cash management account to take the place of traditional business bank accounts. Brex Launches Brex Cash To Replace Biz Bank Accounts.

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Corporates See Loan Fraud By Insiders As Growing Threat

PYMNTS

21 percent of business leaders say payment authorization and authentication are requirements when choosing a treasury management platform , a report by Citizens Commercial Banking found. According to the report, business leaders are more concerned about data security than ever before, citing the pandemic as one factor behind the fears.

Fraud 241
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Luckin Coffee Execs Fired After Fraud Probe

PYMNTS

In a filing with the Securities Exchange Commission (SEC), the board said the agency should not rely on the company’s recent financial statements, which are believed to be inaccurate. A special committee at Luckin hired Chicago-based law firm Kirkland & Ellis as counsel and FTI Consulting of Washington, D.C.

Fraud 185
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Signature Bank Taps Tech For Simplified AP

PYMNTS

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Illinois 167