Abrigo

AUGUST 31, 2023

DOWNLOAD Takeaway 1 Front-line teams are the eyes and ears of the financial institution and must update their KYC procedures for the times. From a community perspective, forcing individuals into culture-specific naming conventions strips customers of their identity. You might also like this resource, "Customer due diligence checklist."

Compliance 195

Compliance Community Training System 195

Abrigo

JANUARY 22, 2024

download NOW Takeaway 1 Fraud losses totaled $485.6 An informed and vigilant community is a powerful deterrent against fraud. These tips can help ensure compliance while improving your offerings. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball."

Fraud 221

Fraud Training Risk Management Software 221

PYMNTS

AUGUST 18, 2020

The news comes as the rollout of 5G, a network that showcases download speeds reportedly 100 times quicker than 4G, may speed up even amid economic headwinds. In a show of how sheltering in place and staying at home is having an effect on providers, Verizon estimated there was a 75 percent jump in bandwidth demand between March 8 and 15.

Google 349

Google Video Technology Security 349

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. The 2022 stress test scenarios provide a blueprint for community banks and credit unions to get started on their own stress tests.

Capital 195

Capital Regulation Risk Management Community 195

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The apps has been popular with consumers, with 10 million downloads thus far in the six years it has been on the market. About half of those were in the last year.

Regulation 100

Regulation New York Lending Capital 100

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. As regulators focus on interest rate forecasts used for interest rate risk management, remember that flattening, steepening, or inverting yield curves can influence your projections.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. keep me informed Download infographic Fraud prevention increases confidence in your organization As fraud operations become more sophisticated, banks need to invest in the proper technology for check fraud detection. “The

Fraud 221

Fraud Training Trends Regional 221

Abrigo

JULY 13, 2023

Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams. The goodwill your institution will gain in the community will be invaluable. Do not download or use suspicious-looking apps as a tool for investing unless you can verify the app’s legitimacy.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

DECEMBER 1, 2022

DOWNLOAD . The fact that this market has been loosely regulated in the United States leaves the industry open to illegal actors in the dark market and open trade, such as auction houses and the internet. Stay up to date on trends in money laundering and AML/CFT regulation. Download this checklist. Keep me informed.

Regulation 195

Regulation Study Training Resources 195

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 14, 2022

2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses. Those implementing regulations were coming. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving.

Lending 195

Lending Data Regulation Community 195

PYMNTS

NOVEMBER 15, 2019

The App Store has never allowed the direct sale of tobacco or vaping cartridges, but the ban applies to apps that offered vaping-related games, social communities and other content. “We take great care to curate the App Store as a trusted place for customers, particularly youth, to download apps.

Apple 155

Apple Guidelines Regulation Community 155

Abrigo

FEBRUARY 8, 2022

You might also like this downloadable Customer Due Diligence Checklist. DOWNLOAD . Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Regulations & Guidance Forthcoming.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

APRIL 28, 2017

Stress testing, especially for community banks, can be challenging because of the lack of specific methodologies and practices recommended by regulators. Regulators are encouraging banks to look at their commercial real estate (CRE) portfolios in greater detail. But banks need to take that first step.

Community Bank 150

Community Bank Regulation Community Regional 150

Abrigo

MARCH 29, 2023

Takeaway 3 Following the use of funds can lead to fraud detection, and regulators will expect enhanced due diligence on PPP fraud. The COVID-19 pandemic challenged communities and businesses nationwide, and financial institutions were no exception. Researchers estimate that $76 billion in PPP loan money was taken illegally.

Fraud 195

Fraud Trends Taxes Training 195

Abrigo

JUNE 28, 2023

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. Here are several types of reports that provide vital information. Top of the funnel CTA.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

JULY 19, 2021

Community financial institutions have become targets for these illicit transactions, as larger banks have more sophisticated monitoring systems for detecting and reporting. See Part I: Implications for Community Financial Institutions. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training National Community Policies 195

PYMNTS

DECEMBER 2, 2019

Facebook told European Union (EU) regulators that it shouldn’t be forced to share the large amount of data it has with other companies, as that could have unintended potential liability and privacy risks, according to a report by Reuters. We will not proceed unless regulators are satisfied, particularly U.S.

Data 130

Data Tools Regulation Video 130

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. Strategies for adopting AI at your financial institution Abrigo CTO Ravi Nemalikanti offers insights on how banks and credit unions can begin to utilize generative AI.

Risk Management 195

Risk Management Data Technology Fintech 195

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. keep me informed. What the ELE tool for CECL is.

Tools 195

Tools Regulation Data Resources 195

Abrigo

MAY 30, 2023

DOWNLOAD Takeaway 1 The effective date of the CFPB's new rule based on Section 1071 of the Dodd-Frank Act is June 28, 2023. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). You might also like this one-page summary of key dates and deadlines for complying with the 1071 rule.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

SEPTEMBER 3, 2021

Start with Part 1: Implications for Community Financial Institutions. Some operating systems offer free spyware protection, and inexpensive software is readily available for download on the Internet or at a local computer store. financial system, and our communities, is mission critical. BSA Rules and Regulation.

Training 195

Training Software Fraud Security 195

Abrigo

FEBRUARY 8, 2024

DOWNLOAD Takeaway 1 U.S. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center. These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent.

Fraud 195

Fraud Resources social media Software 195

Abrigo

JULY 10, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

Abrigo

JANUARY 17, 2023

In my experience, community banks only do what they have to do. Loan Review and regulators love this as well. Download report. Download case study. Then once PPP was over, some of us went back to our old manual processes and never looked back. However, there are five big reasons to automate SMB/Commercial Lending now.

Lending 195

Lending System Customer Experience Case Study 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. The product complies with laws and regulations, particularly those aimed at protecting consumers.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

DECEMBER 23, 2019

In the December Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new regulations in Ireland, charitable CU donations for the holiday season, and how emotional marketing is leveling the playing field between CUs and their competitors. CUs are working to build community ties, especially during the holiday season.

Data 131

Data Lending Michigan Regulation 131

PYMNTS

DECEMBER 2, 2019

Facebook told European Union (EU) regulators that it shouldn’t be forced to share the large amount of data it has with other companies, as that could have unintended potential liability and privacy risks, according to a report by Reuters. We will not proceed unless regulators are satisfied, particularly U.S.

Data 100

Data Tools Regulation Video 100

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. Another change to the freelancer community in the U.S. and other countries is the way consumers and regulators th ink about it.

Regulation 285

Regulation Examples United States National 285

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

MAY 1, 2023

Keep me informed Download Strategies to destress Decrease stress during your AML/CFT workday Mental health in the workplace is essential and a topic worth discussing without fear. Utilize an online community such as a user group to see what other tips and tricks other AML professionals can offer. Find a licensed counselor in your area.

Strategy 195

Strategy Training Fraud Software 195

Abrigo

APRIL 7, 2023

DOWNLOAD Takeaway 1 Loan review automation can help reduce or eliminate common efficiency problems that financial institutions face. If the system is not efficient and manual data entry contributes to increased risk, a greater headcount is not the solution. The benefits of a user community Businesses always pursue growth and improvement.

Software 195

Software Lending System Risk Management 195

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. Download this three-step AML checklist for mergers and acquisitions. BSA Rules and Regulation. BSA Rules and Regulation.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

AUGUST 3, 2015

The ABA’s 2015 Survey of Bank Compliance Officers , conducted February through March 2015, had participation from more than 450 financial institutions, with almost 80 percent being community banks. ABA president and CEO, Frank Keating, commented that Dodd-Frank has impacted banks, their customers and the communities they serve.

Compliance 150

Compliance Community Bank Community Survey 150

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Lending 186

Lending Community Bank Community Analysis 186

Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” This is to be issued no later than one year after the effective date of the BOI Reporting Rule (January 1, 2024).

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

NOVEMBER 15, 2017

The latest PYMNTS Credit Union Tracker™ , powered by CO-OP Financial Services, features news on the latest regulation changes facing the credit union market, along with recent partnerships and innovations that are changing how credit unions conduct their lending practices. News from the credit union market.

Trends 130

Trends New Hampshire Phoenix Millennials 130