Abrigo

JANUARY 18, 2017

In an increasingly competitive banking environment, many banks and credit unions are re-evaluating their lending portfolios to see where they might have strong opportunities for competitive growth. For many, that area is Small to Medium Business Lending and Commercial Real Estate. percent of a credit union’s assets.

Lending 150

Lending Risk Management Management Compliance 150

Abrigo

AUGUST 3, 2015

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens.

Compliance 150

Compliance Community Bank Community Survey 150

PYMNTS

JUNE 27, 2017

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 145

Innovation System Mobile Trends 145

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

Abrigo

NOVEMBER 1, 2021

DOWNLOAD. . Takeaway 1 BSA and fraud functions have historically been siloed, and IT has been external to compliance. Takeaway 3 Cyberattacks are also on the rise, lending even more importance to communication and collaboration among the BSA, fraud, and IT functions. Increased cybercrime requires all three to collaborate.

Fraud 195

Fraud Video Training Compliance 195

Abrigo

MARCH 2, 2023

You might also like this whitepaper, "Best practices for purchasing bank or credit union software" DOWNLOAD Takeaway 1 As Southwest Airlines learned, technology shortcomings create enormous costs in the short-term and in the future. A buyer’s guide for lending software for smaller financial institutions can be helpful.

Technology 195

Technology Lending Community Software 195

Abrigo

DECEMBER 2, 2021

In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. Lending & Credit Risk. Consumer Lending. Streamline loan review.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

MAY 24, 2023

The SAFE Banking Act could bridge the state and federal cannabis banking gap Read more for the legislation's history and how it benefits financial institutions looking to profitably bank CRBs. You might also like this whitepaper, "Cannabis and financial institutions: Providing services to cannabis-related businesses."

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

OCTOBER 14, 2022

Financial institutions should have an LOS system in place or other means to cover this new reporting task before the compliance date arrives. Lending & Credit Risk. Lending & Credit Risk. Construction Lending. CRE Lending. Lending & Credit Risk. keep me informed. Know your limits. Watch Webinar.

Risk Management 195

Risk Management Management Policies Lending 195

Abrigo

MARCH 14, 2022

In addition, leveraging lending correspondence software creates a better user experience and streamlines the internal processes. It’s also important to track these exceptions in aggregate across the portfolio, as they point out holes in underwriting standards or compliance problems. Workflow or audit trails for accountability.

Software 195

Software System Policies Data 195

Abrigo

AUGUST 8, 2021

Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions. It also monitors compliance with applicable regulations and laws. Reviewing lending staff’s risk ratings. Download a whitepaper. Identifying Credit Weaknesses. 7 Objectives of credit risk review.

System 195

System Lending Policies Regulation 195

Abrigo

APRIL 7, 2022

Not only are there in-house factors to consider, such as staffing proficiency, gaps in expertise, and niche markets to learn about, but if the institutions have dissimilar outlooks on security and compliance culture or widely different loan policies , due diligence requires you to assess potential concerns. Proactive Planning. Get organized.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

DECEMBER 29, 2023

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

DECEMBER 17, 2021

DOWNLOAD WHITEPAPER . For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Download Guide. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Asset/Liability. Learn More.

Fintech 195

Fintech How To Innovation System 195

Abrigo

JANUARY 14, 2021

There are other risk factors to consider with PPP loans In addition to possible hard dollar losses, financial institutions should consider other risk factors when allocating compliance resources to their PPP onboarding and portfolio due diligence: Bad Debt Risks - Loan amounts not forgivable may have a higher level of default. SBA Lending.

Fraud 195

Fraud Compliance Community Trends 195

PYMNTS

DECEMBER 23, 2019

Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. For more on these and other CU news items, download this month’s Tracker. percent and 4.1

Data 131

Data Lending Michigan Regulation 131

PYMNTS

APRIL 3, 2019

Cybersecurity is more important than ever for credit unions (CUs), but keeping up with compliance and the latest best practices can be a challenge. In another recent partnership, Canadian lending technology developer CU Direct joined with Georgia United Credit Union. To get the rest of the latest headlines, download the Tracker.

Wisconsin 116

Wisconsin Lending Georgia Resources 116

Abrigo

FEBRUARY 9, 2016

Competing interests of growing the institution and managing its risk are often manifest in the day-to-day actions of lending, credit and operations staff. Compliance staff may require certain operational processes that delay credit approval and impede competitiveness. Read more by downloading the free whitepaper from Sageworks.

Compliance 150

Compliance Lending System Data 150

Social Assurance

JULY 17, 2020

Compliance Deadlines for New CRA Regulations. The final rule will increase qualifying CRA-related activities in an effort to help better meet the need for access to credit, more responsible lending, and greater access to banking services. Compliance deadline for small and intermediate banks. Download Timeline. March 2020.

Compliance 15

Compliance Community Regulation Branding 15

Abrigo

NOVEMBER 9, 2022

You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. Lending & Credit Risk.

Survey 195

Survey Software Resources Meeting 195

Abrigo

AUGUST 19, 2015

Earlier this summer, the NCUA unanimously approved a series of proposed changes to their regulations on member business lending (MBL). These amendments, if adopted, would lessen current restrictions to make it easier for credit unions to lend to businesses. CUSOs hire professionals who are well-versed in commercial lending.

Lending 150

Lending Training Resources Analysis 150

Insights on Business

NOVEMBER 19, 2018

For one regional bank working with IBM, this means a focus on credibility that capitalizes on the bank’s credit risk and specialty lending services. Addressing Compliance: Artificial intelligence in banking must also address emerging compliance issues, such as those posed by HIPAA, GDPR and new California data privacy laws.

Compliance 177

Compliance Regional blockchain Technology 177

Abrigo

DECEMBER 10, 2021

Download Whitepaper . Particularly for internal loan review departments, personnel must have the skills to understand the loan portfolio and the overall credit culture of the institution, skills on par with their counterparts on the lending side. Learn how to strengthen your loan review process.

Training 195

Training Policies Data Guidelines 195

CB Insights

OCTOBER 21, 2018

Download the free report for a data-driven look. Business Lending & Financing. General Lending & Marketplaces. Mortgage Lending. Point-of-Sale & Personal Lending. Regulatory & Compliance. Business Lending. Business Lending. Business Lending. Business Lending.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

DECEMBER 27, 2016

Smart ACH was created not only to help meet NACHA compliance rules, but also to improve operational efficiency and the customer experience. With dedication to compliance and responsible lending practices, Enova’s online financial services use Smart ACH to keep return rates below 15 percent per NACHA requirements.

Analytics 110

Analytics Innovation Payments eBook 110

Abrigo

OCTOBER 1, 2014

” There is a real opportunity here for community banks to position themselves within this movement and capitalize on what the consumer sees as their strengths— relationship-based lending , tailored product offerings, and knowledge of the local community. Develop a relationship-based lending framework.

Community Bank 170

Community Bank Community Capital Lending 170

South State Correspondent

APRIL 27, 2022

You can download it HERE. Battle complacency – At no time should you roll out a bank product such as digital account opening, lending platform, or even a website and think you are done. We have prepared a free ebook that contains brainstorming questions to help you better understand total experience. Build from there.

Customer Experience 195

Customer Experience eBook User Experience Policies 195

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Considering combining your AML & fraud teams?

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

DECEMBER 14, 2017

While these companies will be doing the work of Santa Claus this holiday season, there is, unfortunately, no fleet of flying reindeer to lend a hand (or hoof) with the workload. To read the feature story, the data dive and the latest notable headlines on cross-border receivables, download the report. About The Report.

Trends 115

Trends Payments blockchain Report 115

Abrigo

OCTOBER 4, 2016

As discussed in a previous blog post, Part 1, one such metric is the loan application conversion rate, which measures the efficiency of the lending funnel. Also ensure that activities are pre-approved by the institution’s compliance officer to ensure strategies align with regulatory expectations.

Resources 236

Resources Marketing Strategies Strategy Community 236

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. They could choose to continue with business as usual and write off fintech or alternative lending as just another threat that could come and go.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Abrigo

DECEMBER 20, 2014

Given the task is often assigned to the Chief Credit Officer or other leaders within the credit department, developing a stress testing methodology may come at the risk of losing steam on other areas, even business development if the stress tester is also responsible for lending. Blog Bank Credit Union'

Analysis 170

Analysis Examples Data Capital 170

PYMNTS

JUNE 27, 2018

I think it’s going to allow us to make faster decisions for customers, it’s going to help increase compliance, and I think it’s also going to create new revenue opportunities and client experiences that we just don’t have today.”. Download this month’s edition of the Digital Banking Tracker, by filling out the form below: [contact-form-7]. .

Digital Banking 148

Digital Banking Technology Management Risk Management 148

Abrigo

FEBRUARY 24, 2022

The rule is effective for credit union examinations starting on or after April 1, 2022, and examiners will focus on compliance with this component in upcoming exams, according to the NCUA’s 2022 Supervisory Priorities. Get the latest on meeting ALM objectives , and download "3 Goals of ALM in Banks & Credit Unions". Whitepaper.

Management 195

Management Analysis Strategy Policies 195

Abrigo

SEPTEMBER 20, 2021

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposal Issued. securities credit.

Lending 195

Lending Data Compliance Regulation 195

PYMNTS

APRIL 23, 2018

To bring on such a robust fine, Wells was found guilty of violating the Consumer Financial Protection Act (CFPA) through the operation of an insurance program tied to its auto lending business. Google Pay’s 100 Million Downloads. Those customers did not ask for it, and in many cases did not want it.

Data 100

Data Google Cards Lending 100

Abrigo

DECEMBER 20, 2021

A strong culture of compliance was clearly lacking at CBOT, as evidenced by this consent order. Other resources can be downloaded at no cost at Abrigo.com: Staffing assessment Guide CDD checklist Don’t be remiss in addressing areas you feel need support, as you may have noticed, inaction can be costly. . You should take note.

Resources 195

Resources Texas Analysis System 195