Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” While the final guidance clearly applies to larger financial institutions, community banks should still take note.

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Community Bank Community Guidelines Risk Management 207

Jack Henry

SEPTEMBER 18, 2019

Partnerships with fintechs offer expertise you may not otherwise have the resources to acquire. On the other side of the reward equation is risk inherent with third-party relationships. Thus, the reward for engaging with trusted providers.

Risk Management 68

Risk Management Fintech Management Resources 68

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

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Community Bank Community Fraud Texas 134

Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. Risk management. These are all phrases that resonate with community bankers. Community bankers are not keeping these concerns to themselves. Managing Risk. Risk analysis. Loan growth.

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Community Bank Community Strategy Risk Management 191

South State Correspondent

MARCH 19, 2024

In a future article we will discuss how community bankers may structure their commercial loan products to maximize cross-selling and upsell opportunities. With proper tools and strategies, community bankers can upsell and cross-sell their products to maximize profitability. In banking, those numbers are markedly different.

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Community Bank Community Industry Cards 195

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.

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Report Lending Trends Data 195

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. Nevertheless, the Supervisory Insights publication “incorporates more recent guidance and technical resources, including significant bank-governance insights and experiences that have been gained since 1988.”

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Management FDIC Risk Management Community Bank 150

FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws. Change that is not fully managed can lead to vulnerabilities.

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Risk Management Management Security Guidelines 40

South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

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How To Community Bank Community FDIC 195

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. However, the regulatory landscape continues to evolve, leaving resource-constrained community banks to cope with new demands. The second idea is community bank exemption from the Volcker Rule.

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Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business. The winners in BaaS will be outstanding risk managers – not risk eliminators.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

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

Independent Banker

OCTOBER 1, 2022

We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. Resources provide added value. By Beth Mattson-Teig.

Montana 152

Montana Policies Resources FDIC 152

Gonzobanker

JUNE 28, 2023

Deep expertise in sound business lending has value , which showed up in the market both directly helping community banks and through partnerships. Two talent resources the industry needs more of are in integration and partnership execution. He produces the Fintech Hustle podcast. Follow Sam on LinkedIn.

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Fintech Risk Management Lending Software 147

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Reputational Risk – In any industry, perception is reality.

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Risk Management Management Operations Meeting 40

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.

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Community Lending Maine Resources 195

PYMNTS

MAY 22, 2019

Moody’s Corporation is partnering with the Foundation for Small Business Development (FFSBD) to connect small businesses with cash flow forecasting solutions and other financial resources. Small business clients of the SBDC can be connected to a six-month subscription of CashFlowTool to manage and forecast cash flows.

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Resources Analytics Risk Management Community 100

ABA Community Banking

NOVEMBER 7, 2014

Part 2: Supply, demand, and industry shifts repaint pay and employee bases Human Resources Management CSuite. 1Management'

Risk Management 63

Risk Management Management Retail Resources 63

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

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Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

Technology 195

Technology Fraud Compliance Regulation 195

Gonzobanker

NOVEMBER 2, 2023

In the throes of managing balance sheets and loan portfolios and at the same time executing daily “run the bank” operations, bankers are faced with the need to continuously develop new customer experiences and scale enterprise capabilities. And, quite frankly, they’re struggling.

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Leadership Industry Management Resources 158

Abrigo

JUNE 28, 2023

Takeaway 3 Recommended reports on AML and fraud metrics for the board include those on high-risk customers and trends on types of fraud and suspicious activity seen. They wear many hats, especially in smaller community banks and credit unions. It also provides justification for more resources when needed. Top of the funnel CTA.

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Compliance Fraud Report Trends 195

Abrigo

NOVEMBER 10, 2014

According to CB Insight , community bankers felt Q3 was a light one in terms of regulatory compliance. As a result, banks are having to spend more time and resources on complying with regulations instead of profitable activities such as booking new loans. However, community banks are well equipped to solve this issue.

Risk Management 170

Risk Management Community Bank Compliance Community 170

Abrigo

SEPTEMBER 10, 2021

See Part I: Implications for Community Financial Institutions. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations. Stay up-to-date on the latest FinCEN Priorities. Criminalizing Terroism Financing. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

FEBRUARY 14, 2023

In addition, Abrigo has and will continue to update resources to help banks and credit unions understand and prepare for what is expected to represent the most significant effort of small business lending data collection and reporting for financial institutions in nearly 50 years. Keep an eye out for potential changes in the final rule.

Data 195

Data Lending Compliance Resources 195

Abrigo

DECEMBER 17, 2021

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. Having a cohesive vision from the top down is critical to a culture of innovation.

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Fintech How To Innovation System 195

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. According to PWC , rising prices can have substantial implications on fraud risks. The downturn in the economy has undoubtedly affected fraud statistics as well.

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Fraud Training Trends Compliance 195

Abrigo

MARCH 23, 2015

It is only natural for community banks to have loan concentrations that result from the market(s) they serve and the markets they pursue. In today’s times, a high commercial real estate (CRE) concentration is often the result of community banks pursuing opportunity in the market. Blog Bank Credit Union'

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Community Bank Risk Management Community Analysis 150

Abrigo

JUNE 8, 2022

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. EFE frequently occurs without the explicit knowledge or consent of a senior or disabled adult, and can deprive them of vital financial resources for their future needs.

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Training Fraud National Resources 195

ABA Community Banking

JUNE 1, 2015

And the vital role a comprehensive set of risk categories plays in safeguarding your institution White Paper Industry Resources.

Risk Management 40

Risk Management Management Resources Industry 40

Abrigo

JULY 25, 2022

Designing ag lending and credit operations for growth help meet customers’ or members’ needs more efficiently, with less stress on institutional resources, and most importantly, with the best experience for farmers and ranchers. Line up resources. Line up resources to prepare for ag lending growth.

Lending 195

Lending Kansas City Kansas Resources 195

Abrigo

DECEMBER 4, 2015

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

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North Carolina Ohio DC Regional 150

South State Correspondent

JANUARY 4, 2023

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Now is that period. Develop a more innovative process. Conclusion.

Community Bank 195

Community Bank Capital Training Lending 195

ABA Community Banking

APRIL 15, 2015

Agency emphasizes preparation Risk Management Cyberfraud/ID Theft. 1Risk Management'

Resources 40

Resources Risk Management Management 40

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 story, download the Tracker. About the Tracker.

Fraud 134

Fraud Security Resources Florida 134

CFPB Monitor

APRIL 1, 2021

Improving customer experience and gaining efficiencies in the allocation of financial institution resources, such as through the use of voice recognition, natural language processing (NLP), and chatbots. Augmenting risk management and control practices. AI use by community institutions. Uses of AI. Overfitting (i.e.

Risk Management 78

Risk Management Training Lending FDIC 78

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.

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Data How To Community Bank California 91