Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 222

Lending Risk Management Community Management 222

Abrigo

DECEMBER 22, 2023

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023. Be ready for AMLA-related changes.

Fraud 222

Fraud Training Compliance Trends 222

Abrigo

MAY 2, 2024

DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function. Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework.

Lending 222

Lending Strategy Analysis Policies 222

Abrigo

DECEMBER 22, 2023

Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. The FASB’s description of proposed changes can be found here.

Risk Management 222

Risk Management Regulation Management Lending 222

Abrigo

DECEMBER 28, 2022

Cybercrime, sanctions compliance, and cryptocurrency troubles are bound to be trends for anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud professionals to track in the coming months. Those read most often in the past year include several that offer practical advice for operating AML and fraud programs.

Fraud 195

Fraud Training Compliance Regulation 195

Perficient

JUNE 1, 2022

This includes implementing and operating computer systems that commence the trade reporting process at the time of execution without delay. I’ve created a guide, The What, Why, and How of TRACE Reporting Compliance , that outlines the intricacies, rules, and regulations surrounding TRACE. You can download it here.

Report 294

Report Security Regulation System 294

Abrigo

SEPTEMBER 7, 2023

Learn strong approaches to identifying, evaluating, and reporting suspicious activity in this BSA Guidebook Download now Takeaway 1 A credit union was recently found liable for fraudulent ACH transactions totaling $559,000. Often, those alerts mostly likely are routed to the operations area of the financial institution.

Fraud 222

Fraud Training System Trends 222

PYMNTS

JUNE 19, 2020

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. There are ways to effectively manage these logistical issues, however. For more information on these stories and other payments orchestration headlines, download the Playbook.

Payments 188

Payments Compliance Resources Fraud 188

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Safeguarding the integrity and effectiveness of a financial institution’s anti-money laundering (AML) program is paramount to ensuring regulatory compliance and detecting illicit activity.

Training 195

Training Fraud Leadership Resources 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. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. Does your staff have the bandwidth to manage a bigger or more complex organization?

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

JANUARY 6, 2023

Increasingly, recruiters and operators of walkers advertise their mules on underground Telegram channels. Instead, they interact directly with a walker operator who oversees the deposit attempts. Operators aim to make their walkers look like legitimate customers to avoid any hassle at a branch. Seeking mules. Keep me informed.

Fraud 195

Fraud Regulation Training Operations 195

Abrigo

JANUARY 24, 2024

The FDIC bid process is highly confidential and typically operates within a short window before the FDIC officially closes a bank and declares a successful acquirer. For example, adopting the current expected credit loss standard (CECL) required a well-planned strategy and ample time dedicated to the operational and technical transition.

FDIC 195

FDIC Regulation Strategy Data 195

PYMNTS

APRIL 10, 2020

In many realms of businesses, machine learning (ML) and artificial intelligence (AI) have yielded powerful tools to manage such complex matters. To learn more about AI’s promising applications in healthcare administration, download the Playbook. About the Playbook.

Fraud 362

Fraud Payments System United States 362

Abrigo

AUGUST 19, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." Just as not all independent ATM owner or operator customers pose the same level of risk, not all independent ATM owner or operator customers are automatically at higher risk.

ATM 195

ATM Regulation Fraud Policies 195

Perficient

JULY 6, 2021

If properly governed, it provides the foundation for decision making, regulatory compliance, competitive advantage, operational efficiency, customer satisfaction, and revenue generation. In the broadest sense, data democratization often appears at odds with the very concept of data governance: the management and control of data.

Data 294

Data Resources Tools Compliance 294

Abrigo

MAY 24, 2023

Many business owners rely on funds from friends and family instead of small business and bank loans because “they might go through all the cost and effort, only to be denied.” Since the legalization of marijuana in some form in most states, businesses operating in the marijuana industry have faced numerous hurdles due to current federal law.

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations.

Fraud 195

Fraud United States Training Policies 195

FICO

JANUARY 12, 2022

I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Should you centralize or converge fraud and financial crimes operations and technology? The Future of Enterprise Fraud Management. Video Discussion : 2:15-7:30).

Fraud 52

Fraud Technology Management Trends 52

PYMNTS

SEPTEMBER 10, 2019

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . This kind of alleged misbehavior demonstrates why strong know your business (KYB) practices are critical, explained Zac Cohen, general manager of global identification provider Trulioo in a recent PYMNTS interview.

Security 185

Security Fintech Fraud Compliance 185

Insights on Business

JULY 17, 2019

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

User Experience 79

User Experience Tools Survey Risk Management 79

Perficient

DECEMBER 28, 2020

Today, with several mobile apps out there, the app ratings and reviews conjointly play a very important role for an end user in downloading the mobile apps. A notification is reached out to every tester concerning updates and you’re able to manage your team with simply a couple of clicks.

Tools 309

Tools Mobile Resources Management 309

PYMNTS

AUGUST 5, 2020

What Thrasio is doing better than anyone else right now is making a business out of buying Amazon businesses, which it then onboards, optimizes and operates. After an acquisition, Thrasio likes to keep the founders in place to help them onboard and download their intimate knowledge of the company.

America 336

America Marketing Operations Retail 336

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. It isn’t just a compliance program problem or a data management problem. Credit Risk Management.

Lending 195

Lending Data Regulation Community 195

Abrigo

JANUARY 24, 2024

DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve. Despite the potential benefits for members and credit unions, the nature of the payment rail creates several important fraud-management considerations. million stolen.

Fraud 222

Fraud Payments Software Policies 222

Abrigo

SEPTEMBER 20, 2021

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. You might also like this whitepaper: "Beyond PPP: Propel Growth and Profitability with Technology.".

Lending 195

Lending Data Compliance Regulation 195

PYMNTS

DECEMBER 26, 2019

This month’s Next-Gen Sales Tax Tracker examines these compliance complexities and their impact, as well as ongoing efforts to streamline how retailers can fulfill their obligations. Easing tax compliance helps governments and retailers alike. Deep Dive : Holiday Gift Baskets, Software Bundles And A New Arena Of Tax Compliance.

Taxes 130

Taxes South Carolina Compliance Alaska 130

PYMNTS

NOVEMBER 11, 2019

System integration provider NEC XON is also looking into biometric KYC for mobile network operators and financial institutions (FIs). Other companies are turning to management and workflow automation tools to improve their KYC and AML efforts. To read the full story, download the Tracker. How Zillow Co mbats Real Estate Fraud.

Video 161

Video Fraud Compliance Security 161

PYMNTS

APRIL 9, 2019

Verizon Connect, the fleet management unit of telecommunications firm Verizon, is integrating its telematics and mobile workforce management software into the commercial vehicles manufactured by U.K.-based ” Verizon Communications acquired Fleetmatics , a fleet management and technology company, for $2.4 based Iveco.

Management 115

Management Compliance Mobile Software 115

Abrigo

FEBRUARY 9, 2016

Internal challenges Top management will be familiar with many of the internal challenges. As the market has shifted from 2009, almost every bank wants to grow, and they are receiving pressure to do that,” says Peter Brown, director of strategy and operations for the financial institutions division at Sageworks. “At

Compliance 150

Compliance Lending System Data 150

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.

Fraud 195

Fraud Compliance Community Trends 195

Bobsguide

JUNE 10, 2022

EMIR Refit: 69% of firms expect serious challenges when building up matching, reconciliation and exception management capabilities. Furthermore, companies have often found themselves operating with a lack of clarity on how the new framework will impact their reporting processes.

Regulation 88

Regulation Resources Study Compliance 88

Abrigo

DECEMBER 13, 2023

Testing process Calibrate your program with above-the-line/below-the-line testing One of the best ways to address dynamic and emerging risks is conducting above-the-line/below-the-line (ATL/BTL) testing to ensure your software operates at its peak efficiency.

Training 222

Training Fraud Software Regulation 222

Abrigo

APRIL 12, 2021

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. You might also like this report on commercial loan automation systems DOWNLOAD. A loan origination system automates, manages. Compliance. Here's what a loan origination system is.

System 338

System Lending Software Analysis 338

Abrigo

NOVEMBER 9, 2022

You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. How has CECL implementation impacted their operations and reserves for credit losses? CECL's impact on operations. With just weeks left to complete CECL implementation, how are banks and credit unions doing? With months to deadline.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

APRIL 29, 2019

They estimated the cost of supporting these payment operations at an average of 2.7 To manage their complex payment operations, digital platforms have teams averaging six to 10 employees to support the three processing relationships. All of this is proving costly for digital platforms. percent of sales.

Payments 170

Payments Survey America Study 170

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. To read the Case Study, download the Playbook. About the Playbook.

Payments 183

Payments User Experience Training Case Study 183

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. Experts say that would be a mistake. Viewing technology as a near-term cost ultimately hurts the enterprise.

Technology 195

Technology Lending Community Software 195