Abrigo

JANUARY 17, 2024

Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. One issue that hurts people and communities everywhere is human trafficking, and January is Human Trafficking Awareness Month.

Training 261

Training Community Software Texas 261

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Perficient

JANUARY 9, 2021

In today’s blog, we’ll cover some of the biggest updates around meetings, calling, management, and even security and compliance released in late December/early January! . Yammer communities and conversations in Teams. If you’re unfamiliar with the Communities app, you can learn more about it here.

Video 532

Video Meeting Community Compliance 532

Abrigo

JULY 29, 2021

Security and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts in the United States. For this reason, FinCEN included this as a priority and a core national security concern for the United States. See Part I: Implications for Community Financial Institutions.

United States 195

United States Training Community Policies 195

PYMNTS

MARCH 29, 2019

Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Gig work marketplaces must tackle these concerns on top of meeting various governments’ security and compliance regulations – and do so quickly, or they’ll turn their user base away. . Global Security .

Security 101

Security Video Fraud Tools 101

South State Correspondent

MARCH 7, 2024

The application spans across a bank so data in multiple calendars, emails, Teams’ messages and documents can be accessed. The banker can then refine the document from there, modifying and customizing as necessary. You can instantly create a five-slide PowerPoint presentation from email copy or an outline in a Word document.

Training 195

Training Data Tools Technology 195

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Alogent acquired document imaging and tracking solution provider AccuSystems. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. However, compliance deadlines for affected financial institutions are tiered so that small business lenders originating the most transactions begin reporting data earlier than less active small business lenders. 1, 2024, is the earliest compliance deadline.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. A coordinated approach between the institution’s risk and information security departments is essential to an effective cybercrime prevention program.

Fraud 195

Fraud United States Training Policies 195

Jack Henry

OCTOBER 22, 2014

I have developed a bit of a habit over the years in my role as a Compliance Analyst: I like to regularly check out my FI client’s website. This helps me understand the FI’s products/services, business culture, and face to the community. Metadata is the supporting detail for these types of documents.

Community 83

Community Meeting Compliance social media 83

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Fundamentals of BSA. CommunityBank of Texas' citations.

Resources 195

Resources Texas Analysis System 195

Gonzobanker

AUGUST 17, 2022

Engagement platform Personetics also secured $85M from Thoma Bravo Digital banking provider Apiture announced a fundraising round led by Live Oak Bank, Pinnacle Bank, and BHG Financial Digital banking provider Backbase raised $128.6M Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 182

Fintech Lending Software Compliance 182

Abrigo

JANUARY 13, 2021

As communities across the country continue to struggle with the effects of the COVID-19 pandemic, good news has surfaced as the Small Business Administration (SBA) announces the rollout of another round of Paycheck Protection Program (PPP) funding. Department of the Treasury Do Not Pay Business Center. Lessons Learned. Learn More. Learn More.

Fraud 195

Fraud Community Lending Analysis 195

PYMNTS

FEBRUARY 15, 2019

Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials. Those named in the initial document include the former chief executive and chief financial officers of BT, along with 23 others. The unit ultimately wrote off $685 million.

Compliance 122

Compliance Fraud United States FDIC 122

Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI use case for fostering relationship banking Abrigo client BAC Community Bank in Stockton, Calif.

Examples 222

Examples Fraud Resources Risk Management 222

Independent Banker

OCTOBER 31, 2021

Community bankers tell us why. In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. Community bankers are increasingly recognizing that the future of digital lending is here. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Abrigo

APRIL 8, 2020

On March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance for those affected by the coronavirus pandemic. BSA compliance remains crucial to protecting financial system. Provide a BSA refresher course to your lending staff.

Compliance 195

Compliance Lending Fraud Community 195

Abrigo

FEBRUARY 27, 2020

Mosier will oversee FinCEN’s work to protect the financial integrity and national security of the United States by advancing the agency’s engagement with new technologies within the financial industry. So, what exactly is machine learning in the context of AML compliance?

Innovation 195

Innovation Software United States Compliance 195

Independent Banker

AUGUST 31, 2016

E-signature is a hot technology now in the industry; many community banks are adopting the technology to keep pace with consumer demographic preferences. If your community bank hasn’t already looked into using e-signatures, now is a good time to start. in the required locations. in the required locations.

Community Bank 72

Community Bank Compliance Minneapolis Community 72

Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Securities and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts. Even at the community level, U.S.

Training 195

Training Regulation System National 195

Abrigo

APRIL 14, 2020

Internal plans should document credit concerns and assess current liquidity. What we have now is not a series of less secure banks being hit with losses, but rather strong banks and borrowers having to adapt to a sudden change in overall economic activity. Document plans for credit concerns. Managing through uncertainty.

Community 195

Community Lending Meeting Marketing 195

Abrigo

FEBRUARY 5, 2015

While the report recognizes that customer demands and competition from non-traditional banks will shape banking’s future, the report also recognizes that regulatory expectations and scrutiny will continue to increase, for both traditional community banks and non-bank entities that try to enter banking. Blog Bank Credit Union'

Compliance 150

Compliance Software Community Bank Policies 150

Abrigo

JUNE 19, 2022

And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance. They said it would not change examiner reviews of CECL allowance components. Relevant supervisory questions about CECL.

Tools 195

Tools Regulation Data Resources 195

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. What should a community bank do about erroneous, fraudulent or unauthorized transactions reported on a consumer’s deposit account?

Community Bank 91

Community Bank Regulation Community Training 91

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. If you carefully document all of this, you will be proactive and prepared for your exam.” . It’s going to be what are we going to do with the security and IT issues as we work from home? Asset/Liability. C&I Loans.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. If you carefully document all of this, you will be proactive and prepared for your exam.” . It’s going to be what are we going to do with the security and IT issues as we work from home? BSA Rules and Regulation. Card Fraud.

Fraud 195

Fraud Trends Compliance Technology 195

PYMNTS

JULY 15, 2019

Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. The company has focused tightly on security as it helps its user base purchase, sell and trade cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP.

cryptocurrency 193

cryptocurrency Fraud Security Bitcoin 193

Independent Banker

DECEMBER 28, 2015

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. First Security, a $180 million-asset community bank in New Salem, N.D., Fearful of mistakes.

North Dakota 70

North Dakota Community Bank Community Compliance 70

PYMNTS

JULY 2, 2018

Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa ‘s high interest rates, which caused the FinTech to scrap its initial public offering (IPO). ” The goal of this requirement is to provide a clear breakdown of costs for borrowers.

Lending 100

Lending Comparison Fintech Compliance 100

Abrigo

JUNE 13, 2022

The latest survey indicates that COVID-19 has impacted bank community engagement. However, banks continue their outreach to older customers, with 47% of respondents hosting community events. Banking Cannabis – Finding More ROI in Your Compliance Department. Common types of elder financial exploitation. Learn More. Learn More.

Fraud 195

Fraud Training United States Survey 195

CFPB Monitor

FEBRUARY 14, 2019

Among other things, the executive order also: directs the heads of all federal agencies to “review their Federal data and models to identify opportunities to increase access and use by the greater non-Federal AI research community in a manner that benefits that community, while protecting safety, security, privacy, and confidentiality.”

Lending 84

Lending Community National Leadership 84

Gonzobanker

OCTOBER 24, 2018

If bankers still feel a “family” affinity to Wells, let’s look at a timeline since 2016 well documented by Yahoo! That cost Wells an initial $185 million in fines and another $142 million in a class action suit, followed in May 2018 with another $480 million in settlements for related securities fraud. from customers?

San Francisco 142

San Francisco Industry America Compliance 142

Independent Banker

DECEMBER 28, 2015

The Office of the Comptroller of the Currency published its supervisory priority objectives for midsize and community banks for 2016. The document provides a general guidance of not only the supervisory priorities of the OCC but also a likely consensus of supervisory trends of other federal regulatory agencies. Compliance issues.

Community Bank 70

Community Bank Compliance Community Lending 70

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 107

Taxes Compliance Tools System 107

Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. Instead, remember that if your institution’s process is reasonable, defensible, and based on accurate and available data , compliance will not be an issue. Whitepaper.

Policies 195

Policies Data Examples Lending 195

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 101

Taxes Compliance Tools System 101

Independent Banker

SEPTEMBER 22, 2015

Security Officer and Appraisal Compliance Coordinator Manager. IB: What does your job as a security officer for The First National Bank and Trust entail? I am responsible for researching, developing, implementing, administering, documenting, testing and monitoring an effective, institution-wide security program.

Video 70

Video Security Policies Compliance 70