Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 195

Training Compliance Fraud Policies 195

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks.

Community Bank 134

Community Bank Community Fraud Texas 134

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. Currently, the accompanying regulations have not been written, so what should community financial institutions take away from these priorities now? BSA Training. BSA Training. financial system.

Community 195

Community Regulation Training Policies 195

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

Abrigo

JANUARY 30, 2024

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. The Fighting Financial Crime track will focus on BSA compliance, anti-money-laundering (AML), and fraud detection topics. Don’t take our word for it, though.

Conference 195

Conference Arizona Phoenix Fraud 195

FICO

JULY 15, 2021

The challenge for financial institutions of fighting fraud and tackling financial crime has never been greater. Fraud experts need to be armed with the most up-to-date information about the latest industry trends and developments. The new community is driven by some of the finest minds in fraud detection. by TJ Horan.

Community 52

Community Fraud Online Trends 52

Abrigo

MAY 1, 2023

I can’t forget about scheduling the annual training. Utilize an online community such as a user group to see what other tips and tricks other AML professionals can offer. Find their strengths and use them to help yourself while providing them with excellent training to further their careers. Was the SDN list updated again?

Strategy 195

Strategy Training Fraud Software 195

Abrigo

JUNE 8, 2022

Takeaway 3 Anti-Money Laundering and Fraud monitoring software can help combat this serious crime. Elder abuse and elder financial exploitation (EFE) are growing concerns in our families and communities, especially as the baby boomer generation hits their senior years. BSA Training. Fraud Prevention. Fraud Trends.

Training 195

Training Fraud National Resources 195

Abrigo

FEBRUARY 8, 2022

However, this is rapidly changing as FinCEN envelops more businesses, such as antiquities dealers and those related to cryptocurrencies, under the umbrella of financial-related companies subject to BSA requirements, Consent orders among NBFI for non-compliance of BSA are becoming more common and should be understood by all NBFI management.

Compliance 195

Compliance Training Regulation Fraud 195

Independent Banker

DECEMBER 31, 2022

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. We’ve seen an amazing uptick in fraud,” she adds. “So, By Roshan McArthur.

Training 98

Training Community Bank Community Knowledge Base 98

Abrigo

SEPTEMBER 7, 2023

Having dashboards or banking management reports that show the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, and other factors affecting loan growth can help a bank or credit union stay on top of and adapt quickly to trends. Learn how to tap your data to generate management insights. Explore Abrigo Connect.

Report 195

Report Lending Trends Data 195

Abrigo

AUGUST 31, 2023

Critical KYC Asking uncomfortable questions: the personal touch Senior management may view KYC as a regulatory obligation that burdens the client experience, thus affecting the relationship. From a community perspective, forcing individuals into culture-specific naming conventions strips customers of their identity.

Compliance 195

Compliance Community Training System 195

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S.

Community 195

Community Lending Maine Resources 195

Gonzobanker

MAY 4, 2022

Every year, Cornerstone Advisors conducts a survey of community-based financial institution CEOs that asks what their top concerns are. The only thing worse than training your employees and having them leave, is not training them and having them stay. The 2022 survey produced the biggest one-year change we have ever seen.

Training 154

Training Survey System Data 154

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

Abrigo

JUNE 23, 2020

Learn from your peers and hear what problems they are dealing with in our Abrigo Community, exclusive to our customers. Community financial institutions are often tasked with doing more with less. We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success.

Software 195

Software Community Fraud Resources 195

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Trends Compliance Technology 195

Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines. By Charles Potts, ICBA. ICBA sees things differently.

Innovation 91

Innovation Community Bank New York City Community 91

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

Abrigo

NOVEMBER 2, 2021

See Part I: Implications for Community Financial Institutions. These enhanced penalties confirm the continued importance of the FinCEN culture of compliance guidance and should be stressed during your board of director's training. Stay up-to-date on the latest FinCEN Priorities. Learn More.

Compliance 195

Compliance Regulation Resources Policies 195

Abrigo

SEPTEMBER 5, 2019

When a community financial institution spends a lot of money on technology, the last thing management wants is to be disappointed. There are training videos, user groups – there’s a community out there for best practices ,” Martin said. Community banks are often resource-starved,” he said. “In Fraud Prevention.

Software 150

Software Resources Training Community 150

PYMNTS

FEBRUARY 28, 2019

In the new Payments And The Platform Economy Playbook series, powered by Yapstone , PYMNTS examines the latest developments in the platform economy, and seeks to offer a roadmap for managing risks, optimizing rewards and creating a trusted business environment. Around the Payments and Platform Economy World. About the Playbook.

Payments 183

Payments User Experience Training Case Study 183

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors. Fintechs know how to reach and work with the community. By Katie Kuehner-Hebert.

Fintech 136

Fintech Marketing Community Bank Community 136

Abrigo

SEPTEMBER 11, 2023

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

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

APRIL 7, 2022

Takeaway 3 Short-term benefits are alluring, but a merger or acquisition is a long-term investment that requires careful management. Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings.

Compliance 195

Compliance Policies Fraud Analysis 195

ABA Community Banking

FEBRUARY 11, 2019

37% said the ability to adapt to processing faster electronic payments is an obstacle Human Resources Feature Technology Risk Management Security Operational Risk Cyberfraud/ID Theft Feature3 Survival Strategies Blockchain Business of Blockchains.

Training 53

Training Survey Risk Management blockchain 53

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. Mistakes, system glitches and fraud happen. Fraud and unauthorized use happen. By Mary Thorson Wright. Quick Stat.

Community Bank 91

Community Bank Regulation Community Training 91

ABA Community Banking

APRIL 22, 2019

Enables key decision makers to effectively manage organizational risk and streamline annual planning Compliance Compliance Management Feature3 Feature Duties Management AML & Fraud Cyberfraud/ID Theft Human Resources.

Compliance 40

Compliance Training Resources Fraud 40

South State Correspondent

OCTOBER 4, 2023

You will also end up cannibalizing existing balances, training customers to be rate-sensitive, and training employees, and you will be forced to spend more to keep those customers from walking out the door. Maybe technology and maybe fraud, but other than that, it is hard to duplicate that success rate. Marketing can.

Marketing 195

Marketing Taxes Training Management 195

PYMNTS

MAY 27, 2020

To that end, said Matt Good , senior vice president and general manager of Elan Advisory Services , the shift to contactless payments is well underway — and the stage is being set for mobile wallets to gain a much wider embrace. And that is something that merchants, as well as community banks and credit unions, must be prepared for.”.

Mobile 280

Mobile Community Bank Cards Community 280

Gonzobanker

JULY 13, 2023

Supervised machine learning is when a model is trained to predict outcomes from a dataset. Whether or not banks and credit unions know it, they are using unsupervised machine learning in many of their anti-money laundering and fraud software applications. and Scienaptic signed more than 80 new credit unions in the past year.

Technology 78

Technology Software social media Fraud 78

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 221

Fraud Training Risk Management Software 221

Abrigo

JUNE 18, 2020

Key Takeaways The Paycheck Protection Program (PPP) has been a critical foothold for community financial institutions seeking to obtain and diversify business lending relationships. Credit unions, on the other hand, embraced the opportunity to gain traction with small businesses, reinforcing their commitments to supporting local communities.

Lending 195

Lending Strategy Resources Community 195

PYMNTS

APRIL 8, 2020

Bottomline will deploy its account opening, on-boarding and fraud capabilities to ensure lenders comply with PPP loan requirements and accelerate their Know Your Customer (KYC) needs to provide funding to both new and existing SMB customers. Computer Services, Inc. Computer Services, Inc., Biz2Credit.

Lending 245

Lending Fintech America Technology 245

Independent Banker

NOVEMBER 24, 2015

Current best practices in fighting wire fraud. With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Wire fraud incidents nearly doubled to 27 percent in 2014, from 14 percent a year earlier, according to the 2015 AFP Payments Fraud and Control Survey.

Community Bank 70

Community Bank Fraud Atlanta Community 70