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 259

Lending Community San Antonio Survey 259

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

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

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 79

Risk Management Management Fraud Resources 79

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

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.

Technology 195

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

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

Jack Henry

OCTOBER 22, 2014

This helps me understand the FI’s products/services, business culture, and face to the community. I also like to check for staff pictures on the chance that I can put a face with a name for the particular employee that I am working with on IT regulatory compliance and risk management efforts.

Community 83

Community Meeting Compliance social media 83

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

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.

Fraud 195

Fraud Training Trends Compliance 195

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

PYMNTS

MAY 22, 2019

The press release also pointed to March 2017 research that revealed 82 percent of business failures can be attributed to poor cash flow management skills, or a poor understanding of how to manage cash flow. Small business clients of the SBDC can be connected to a six-month subscription of CashFlowTool to manage and forecast cash flows.

Resources 100

Resources Analytics Risk Management Community 100

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. Questions directed at Ms.

Policies 60

Policies Lending Data Online 60

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

Independent Banker

OCTOBER 1, 2022

We look at community banks’ options for fighting this type of crime. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. By Katie Kuehner-Hebert. Reports about fraud losses: Millennials vs. people 40+. Brandon Koeser, RSM US LLP.

Fraud 133

Fraud social media Millennials Examples 133

South State Correspondent

APRIL 3, 2023

Utilizing this straightforward linear regression and decay analysis, you get something close to the profile below for the average community bank in the U.S.: Failing to understand and account for these options can lead to ineffective modeling and risk management. This reduces the duration of these non-maturity deposits.

social media 195

social media Community Bank Analysis Training 195

Abrigo

FEBRUARY 27, 2020

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. That’s scale.” 21, 2019 – Jan.

Lending 243

Lending Survey Data System 243

PYMNTS

DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question. Not All Bad.

Google 192

Google Security Washington Risk Management 192

ABA Community Banking

MAY 5, 2015

FS-ISAC details malware attack Payments Risk Management Online Cyberfraud/ID Theft.

Online 40

Online Risk Management Management Payments 40

Independent Banker

MAY 25, 2016

Yes, you can monetize your community bank’s data. Community banks store much more customer data today than in past years. Everything from transactions to inquiries, text messages to online reviews serve as the basis for a virtual treasure-trove of consumer insights and applications. Suchit Shah. By Suchit Shah.

Community Bank 84

Community Bank Community Big Data Data 84

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Photo by Linkes Photography.

Community Bank 172

Community Bank Community National Philadelphia 172

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. FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions. Stay up-to-date on the latest FinCEN priorities.

Training 195

Training National Strategy Regulation 195

Abrigo

FEBRUARY 23, 2022

The ABA stated in its October 2021 State of Digital Lending report that “baby boomers, who until 2020 lagged in digital adoption, upped their online game, with 68 percent skipping human interaction to make a decision about banking products, up from 55 percent before the pandemic.” Lending & Credit Risk. Portfolio Risk & CECL.

How To 195

How To Lending Software Survey 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

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. Develop a more innovative process. Conclusion.

Community Bank 195

Community Bank Capital Training Lending 195

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

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. Deloitte, Unqork, Plaid Debut Lending-as-a-Service Tool.

Data 167

Data Lending Regional Fintech 167

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

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

ABA Community Banking

JANUARY 5, 2016

Consumers worry, but don’t take many precautions themselves Risk Management Cyberfraud/ID Theft.

Online 40

Online Security Risk Management Management 40

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

Abrigo

FEBRUARY 14, 2023

The primary purpose of reporting the information is to: Provide tracking of small business credits to enforce fair lending laws and Enable creditors to identify and support the business needs of small businesses owned by women and other minorities within the community. Which entities must collect small business loan application data?

Data 195

Data Lending Compliance Resources 195

PYMNTS

FEBRUARY 8, 2019

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year.

Fintech 188

Fintech Capital New York City Analysis 188

ABA Community Banking

MARCH 11, 2017

State of the art isn’t artful enough for payments merchant service providers Payments Compliance Risk Management Online BSA/AML Cyberfraud/ID Theft.

Risk Management 58

Risk Management Compliance Online Management 58

ABA Community Banking

APRIL 17, 2019

Today, thousands of botnets can perform what used to require hundreds of hours of work in just a few seconds Risk Management Technology Feature3 Cyberfraud/ID Theft Security Feature Online Outsourcing/Cloud Big Data.

Big Data 40

Big Data Risk Management Security Management 40

ABA Community Banking

MARCH 18, 2019

Account takeover schemes are rarely limited to physical address alone Feature Duties Compliance Risk Management AML & Fraud Risk Adjusted People Customers Online Cards Security BSA/AML Operational Risk Compliance Management Cyberfraud/ID Theft Compliance/Regulatory Feature3.

Risk Management 40

Risk Management Compliance Fraud Security 40