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The top lending & credit risk blogs of the year

Abrigo

The most-read lending & credit 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. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

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7 Fraud and AML compliance reports for bank boards and credit unions

Abrigo

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. DOWNLOAD Takeaway 1 Board members have a responsibility to maintain a safe and sound financial institution, and they rely on the BSA Officer's reports to help.

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Compliance burdens: Reducing bank products and services

Abrigo

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens. A recent Forbes commentary, Dodd-Frank, Community Bank Decline, And The Effect On U.S.

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3 ways for community banks to capitalize on the “buy local” movement

Abrigo

Today’s youth and others across all age groups are placing a significant importance on consuming local food, developing local relationships and improving local communities. This is great news for community banks. A recent American Banker article discussed why the local food movement is good for community banking.

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Why banking technology makes sense – recession or not

Abrigo

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. When making decisions about new banking technology, remember the following lessons from Southwest’s experience. Experts say that would be a mistake.

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Budget Surplus? 5 Ways to Invest in Your Financial Institution with This Year’s Excess Budget

Abrigo

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them.

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How to Establish Quality Fintech Partnerships

Abrigo

DOWNLOAD WHITEPAPER . For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Download Guide. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Asset/Liability.

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