Abrigo

MARCH 2, 2023

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. But a community financial institution often has different needs related to origination than those of a giant lender. Experts say that would be a mistake.

Technology 195

Technology Lending Community Software 195

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

DECEMBER 17, 2021

DOWNLOAD WHITEPAPER . Takeaway 3 Many FIs will price-compare vendors, but neglect to consider potential hidden costs , especially when managing multiple vendors. The foundation of a solid culture of innovation should begin with the financial institution’s senior management. Will it make their jobs easier?

Fintech 195

Fintech How To Innovation System 195

Abrigo

JUNE 28, 2023

You might also be interested in this AML/CFT risk assessment checklist. 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. They wear many hats, especially in smaller community banks and credit unions.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. Specifically, he said this means: • The bank understands the product and the risks it carries. • Collaborate with other regulators.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Abrigo

MARCH 6, 2015

While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Abrigo

APRIL 1, 2015

While the larger banks are receiving the bulk of attention, boards at smaller, community banks are realizing that they’re not immune to this heightened attention. Lynn McKenzie and Edmund Green of KMPG recently contributed an article to Bank Director on how boards can challenge their banks’ management on risk. Audit committee?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

OCTOBER 28, 2020

A storm of events that have defined 2020 leaves many community financial institutions today in the position where balance sheets are awash with liquidity and competitive markets are squeezing rates on good quality loans to lower-than- comfortable levels. To download the complimentary Liquidity Decision Guide, click here. CRE Lending.

Lending 195

Lending Risk Management Management Community 195

Abrigo

DECEMBER 2, 2021

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. You can also incorporate the results into the asset/liability management model and develop stress testing scenarios down the road. Asset/Liability.

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

MARCH 6, 2019

EncoreFX and Motor City Community Credit Union (MCCCU) of Ontario are also fueling up their fraud fights related to cross-border payments. The two partnered to enable MCCCU member access to EncoreFX’s FinTech platform and risk management strategy solutions. To read the full Deep Dive, download the Tracker.

Fraud 134

Fraud Security Resources Florida 134

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

Abrigo

MAY 22, 2015

The Community Developments Investment s spring newsletter includes an array of data on the small multifamily rental housing market and provides an overview of some of the risk management issues related to commercial real estate lending and small multifamily property lending. Image credit: Rob Young via Flickr CC.

Marketing 150

Marketing Community United States Guidelines 150

Abrigo

JANUARY 28, 2016

million and two employees), financial institutions understand the importance of customer and community service. At the same time, top executives and managers at banks and credit unions know that customers cannot be served well if the financial institution is struggling to survive. Competing and conflicting interests: growth vs. risk 2.

Capital 150

Capital Texas Risk Management Management 150

Abrigo

SEPTEMBER 21, 2016

Particularly for community banks and credit unions , many of which find themselves in a very competitive environment, growing a loan portfolio can be challenging. Across the banking industry a current strategic focus is loan growth – increasing the portfolio by both acquiring new customers and expanding services offered to existing customers.

Software 150

Software System Risk Management Community Bank 150

Abrigo

AUGUST 9, 2017

Avert Risk The OCC’s October 2012 Supervisory Guidance notes that financial institutions that perform stress testing “have the ability to minimize the impact of negative market developments more effectively” than those that do not have a stress testing process in place.

Columbus 150

Columbus Ohio FDIC Strategy 150

Abrigo

FEBRUARY 14, 2023

You might also like this checklist for preparing for the CFPB 1071 rule DOWNLOAD Takeaway 1 Bank and credit union executives are worried about complying with the CFPB's upcoming final rule on small business loan application data. Which entities must collect small business loan application data? Talk to a specialist to learn more.

Data 195

Data Lending Compliance Resources 195

Abrigo

FEBRUARY 9, 2016

Given the many differences between a community institution and a bank with $100 billion in assets, the challenges facing back executives and their financial institutions may differ dramatically at various times. Internal challenges Top management will be familiar with many of the internal challenges.

Compliance 150

Compliance Lending System Data 150

Abrigo

JULY 25, 2022

When the pandemic hit and the federal government rolled out the Paycheck Protection Program (PPP), demand from small businesses was so great that many financial institutions had to scramble and ended up working around the clock to help their communities. Develop and manage relationships with ag borrowers. download whitepaper.

Lending 195

Lending Kansas City Kansas Resources 195

Abrigo

SEPTEMBER 26, 2014

What’s been mostly out of the mainstream news cycle, though, is the effects of regulation following the financial crisis on the community banks– specifically, credit unions. Regardless of this particular rule’s implementation or not, those in credit union management should see stress testing in their crystal balls.

Capital 191

Capital National Regulation Risk Management 191

Jeff For Banks

DECEMBER 9, 2020

Start integrating the financial risks from climate change into governance frameworks, risk management processes, and business strategies. I visited the Task Force for Climate-related Financial disclosures website and downloaded their report to see what Superintendent Lacewell was talking about (see picture).

Lending 78

Lending Regulation Community National 78

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.

Resources 221

Resources Risk Management eBook Strategy 221

Insights on Business

NOVEMBER 19, 2018

Both fintech firms and traditional enterprises are on the brink of significant disruption as companies leverage the rapid insights generated by AI in banking to drive demonstrable outcomes in customer experience, risk management and cost efficiency. First are API-based models that integrate partner, client and peer communities.

Compliance 177

Compliance Regional blockchain Technology 177

Filene

JANUARY 26, 2016

Everyone with a network connection -- you, your employees, and your members -- is at risk, and credit unionsare tempting targets. FS-ISAC on Cyber Community Defense: The Importance of Information Sharing. Theran Colwell, CUNA Mutual Group, Director, Risk Management Commercial Products. DOWNLOAD EVENT DETAILS AND AGENDA.

NJ 48

NJ Risk Management Seattle Groups 48

Abrigo

MARCH 13, 2020

Key Takeaways In today's uncertain economic climate, community financial institutions must resolve to manage risk and drive growth. Due to its potential adverse effects and risks to the economy, the Fed issued an emergency 50 bp interest rate cut. Download Whitepaper. Wrangling documents. Watch Webinar.

Community 195

Community Lending Analytics Survey 195

Abrigo

AUGUST 1, 2016

Eight in 10 business owners report that a major, regional or community bank is their main financing partner for capital. And perhaps unsurprisingly given their youth, they are more likely to say they are willing to take financial risks in order to grow (67 percent) than are older small business owners (54 percent).

Millennials 150

Millennials Survey Risk Management Groups 150

Abrigo

APRIL 22, 2024

DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. You might also like this guide for smarter, faster small business lending.

Lending 243

Lending St. Louis Community Marketing 243

Gonzobanker

DECEMBER 22, 2014

It’s been a busy year integrating recent acquisitions, purchasing $1 billion+ in Banco Popular deposits, hiring former Los Angeles Mayor Antonio Villaraigosa to advise on community relations, and having former President Bill Clinton speak at a major financial literacy event. Nice community bank culture fit between the two as well.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Jeff For Banks

MARCH 14, 2020

As the spread of coronavirus, known as COVID-19, continues to be a growing concern across the country, we’re taking extra precautions to protect you, our teammates and the communities we serve. Contact Information: BBT.com Find up-to-date branch hours and other information to manage your accounts 800.BANK.BBT

ATM 78

ATM Policies US Management 78

Abrigo

JANUARY 22, 2024

download NOW Takeaway 1 Fraud losses totaled $485.6 Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. This step sets the foundation for effectiv e risk management by understanding the unique challenges associated with the product.

Fraud 221

Fraud Training Risk Management Software 221

FICO

AUGUST 3, 2022

One customer told how they had been able to deploy user defined variables in FICO Falcon Fraud Manager to track and understand payment velocities. The Role of Data in Managing Fraud and Financial Crime Today was a session I had the pleasure to chair. Access and download FICO World 2022 presentations. TJ holds a B.S.

Fraud 52

Fraud Analytics Trends Innovation 52

Abrigo

DECEMBER 22, 2023

Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog. Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

CB Insights

FEBRUARY 20, 2020

Download the free report for all the details. Since January 2019, Citi has announced partnerships with capital markets tech companies Capitolis and Kantox and treasury risk management software Kyriba. Wealthfront is also working on launching a debit card to move from passive to active financial management. First name.

Fintech 80

Fintech US Lending Cards 80

Abrigo

SEPTEMBER 15, 2022

You might also like this webinar, "How to manage a high-performing construction loan portfolio." The paper, “ Bank Monitoring with On-Site Inspections," will be presented later this month at the Community Banking in the 21st Century Research and Policy Conference.

Study 195

Study FDIC Lending Risk Management 195

Abrigo

MARCH 17, 2022

However, community financial institutions can incorporate the new scenarios for their own stress tests to help determine how their capital levels will fare in severe economic situations. Prudent stress testing as a risk management tool helps the enterprise see where the potential pitfalls are in their plans.

Capital 195

Capital Regulation Risk Management Community 195

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Lawmakers and the regulatory community have taken notice of the increase in bank service charges and fee income and have responded, specifically regarding overdraft fees. Community banks target growth.

Community Bank 195

Community Bank Community FDIC Trends 195

Abrigo

FEBRUARY 8, 2024

DOWNLOAD Takeaway 1 U.S. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center. Fraud education is key.

Fraud 195

Fraud Resources social media Software 195

FICO

APRIL 5, 2017

This allows us to apply AI to improve risk prediction without creating “black box” models that don’t give risk managers, customers and regulators the required insights into why individuals score the way they do. By contrast, FICO analyzes new data sets along five lines to see if they will add value to credit risk scoring.

How To 52

How To Analytics social media Data 52