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. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 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 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

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. financial s ystem.

Fraud 195

Fraud Training Trends Compliance 195

ABA Community Banking

MARCH 20, 2019

49 percent of the global companies interviewed had been victims of fraud or economic crime Compliance Risk Management Tech Management Security Feature3 Fintech Technology Online Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud Feature BSA/AML.

Meeting 72

Meeting Regulation Risk Management Compliance 72

Perficient

FEBRUARY 4, 2021

Being able to order groceries, prescriptions, and other essential products online can be a challenge for people with disabilities in the best of times. The COVID-19 pandemic demonstrated the need to engage, communicate, and support customers who cannot visit a physical store, which made the need for an accessible presence more critical.

UX 531

UX Guidelines Compliance Study 531

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 164

Compliance Software Risk Management Management 164

Abrigo

JULY 21, 2021

See Part I: Implications for Community Financial Institutions. If you are a member of a professional association or group, regularly check in on available webinars and online training. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Stay up-to-date on the latest FinCEN priorities.

Training 195

Training National Strategy Regulation 195

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. 14) @News_CUInsight – CUInsight is an independent source of news on the credit union community.

social media 150

social media Lending Community Community Bank 150

Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Top blog posts reflect bank, CU priorities.

Lending 150

Lending Community Bank Software System 150

Gonzobanker

APRIL 28, 2016

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. The best banks aren’t just compliant with new regulations.

Regulation 60

Regulation Management Community Bank System 60

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. The "what," "who" and "why" Common questions about the 1071 rule What is the 1071 rule? Section 1071 section amended Reg B.

Data 195

Data Lending Compliance Resources 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

PYMNTS

APRIL 16, 2020

Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies. open banking regulations. Funding Options Unlocks Data Across 20 Lenders.

Data 167

Data Lending Regional Fintech 167

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. Federal and state standards exist for providing this clarity in an online signature, just as standards exist for an ink-based signature.

Community Bank 70

Community Bank Minneapolis Community Online 70

Independent Banker

OCTOBER 14, 2014

According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. It is apparent everywhere you turn that social media is one of the hottest new communications tools in our society.

social media 88

social media Risk Management Compliance Community Bank 88

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

Celent Banking

JANUARY 22, 2015

Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions. Perhaps the P2P lending company that has best understood and dealt with this issue so far is Afluenta; working with regulators in each country to adapt its model and operate under authorization of the financial regulator.

Maine 100

Maine Lending Regulation Risk Management 100

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Risk levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Risk levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

FICO

FEBRUARY 12, 2018

Much of this is covered by credit and debit cards, and we have seen upwards of 86% of car sales funded through finance schemes and upwards of 40% of online shopping being done through credit instruments. Most ecommerce is in some form of credit for a large number of the online shoppers. Are you one of them?

Retail 63

Retail Management Analytics Compliance 63

Independent Banker

FEBRUARY 24, 2016

Welcome to the Crescent City, where the largest educational gathering of community bankers convenes this month. It’s Community Banking LIVE 2016 in New Orleans. Independent Community Bankers of America. Former Major League Baseball player and manager, chief baseball officer for the Arizona Diamondbacks. romerorainey.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

PYMNTS

DECEMBER 16, 2019

The demand for those smartphones (and the competition for lowering their prices) will increase as access to faster internet comes online, as developing markets move from 2G/3G to 4G, and as developed markets move from 4G to 5G. That’s not just because consumers can shop and buy online without leaving the house.

Payments 180

Payments Innovation Cards Google 180

PYMNTS

JANUARY 1, 2020

The demand for those smartphones (and the competition for lowering their prices) will increase as access to faster internet comes online, as developing markets move from 2G/3G to 4G, and as developed markets move from 4G to 5G. That’s not just because consumers can shop and buy online without leaving the house.

Innovation 174

Innovation Cards Google Payments 174

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior.

Fraud 195

Fraud Resources social media Software 195

Jeff For Banks

JULY 8, 2017

I believe that we are in this era of weak growth, now eight years old, for the long haul unless changes are made to regulation and we stop adding debt at break-neck speed. Someday, we will all simply shop online at Amazon and Walmart. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 60

Marketing Community Bank Security Data 60

Jeff For Banks

APRIL 16, 2011

So often I hear commentary on ERM by advocates that think it is the next best thing to, say, online banking. As community FIs, regulators force us to throw enough money down a black hole without us volunteering to do so. But managing risk across organizational silos is highly fragmented in FIs. Well, no it isn''t.

Risk Management 78

Risk Management Management Fraud Resources 78

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. Those implementing regulations were coming. in-person, phone, mail, online) Application recipient (e.g.,

Lending 195

Lending Data Regulation Community 195

Fintech Labs Insights

SEPTEMBER 25, 2015

The biggest pure-equity round went to Finovate alum, CoverHound , an insurance portal gaining favor with the VC community. Risk management. Online investment advisory. Online invoice marketplace. Tags: Consumer, wealth management, investing, asset management. Source: Crunchbase. Gold trading platform.

San Francisco 12

San Francisco Company Fintech San Jose 12

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. Online loan applications , for example, are no longer just for online-only banks. Learn More.

Lending 195

Lending Fraud Community FDIC 195

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. billion of assets under management. It was always clear how much Jones loves his credit union, his team and his community.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. Community bank marketing resources. Two very strong and focused community banks unite to combine big bank reach with community bank style and make the bet that it can scale to $15 billion and beyond. Regulator Award.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 195

Fintech Community Regional Technology 195

William Mills

SEPTEMBER 12, 2017

Digital banking solutions for community banks and credit unions. Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior. Offer small and medium businesses daily information for management, with a special focus on cashflow projects and management.

Samsung 69

Samsung Mobile User Experience Google 69