Abrigo

FEBRUARY 16, 2024

Credit administration staff are responsible for managing the entire credit process, including the approval of credit to borrowers, assessment of the creditworthiness of potential customers, and credit review of existing borrowers. It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? 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. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? 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. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Abrigo

MAY 19, 2023

WATCH Takeaway 1 Loan review officers must figure out how to adhere to the FDIC’s guidance on loan review and credit risk review systems. Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance.

System 195

System Regulation How To Lending 195

Abrigo

MAY 19, 2023

For smaller institutions especially, loan review software makes tracking productivity among teams, geographies, and other factors easier and more efficient. But while software can certainly help, it can't solve the talent shortage. How can banks and credit unions build up strong loan reviewers?

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Risk Management Software System 195

Abrigo

MAY 10, 2021

Providers of loan origination software representing good partners for a financial institution also have specific features. Basic functions of a loan origination system When evaluating a loan origination system, lenders are rightly concerned with three major areas: the customer or member experience sound lending practices efficiency.

System 195

System Lending Analysis Software 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

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. Loan administration is a basic and yet far-reaching process of lending. Is the financial institution’s loan administration software or system prompting action to be taken where warranted and documenting that action?

System 195

System Lending Software Risk Management 195

Chris Skinner

APRIL 18, 2017

He gave me the classic view: “A bank is there to take people’s money and lend it out at a profit, whilst ensuring the risk of non-payment is minimised” No it isn’t, I said. The lending part is now no longer important, as that can be done through alternative media such as peer-to-peer lenders.

Risk Management 321

Risk Management Analytics Lending Software 321

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. The solution ensures compliance with the second payment services directive (PSD2).

Lending 134

Lending Fintech Guidelines Meeting 134

Abrigo

MAY 18, 2023

The guidance expects the credit risk review function to consider industry standards consistent with the institution’s size, complexity, loan types, risk profile, and risk management practices.

Lending 195

Lending Training Guidelines Policies 195

Gonzobanker

SEPTEMBER 21, 2023

Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. MeridianLink acquired mortgage software provider OpenClose.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. In fact, software solutions are often key to both profitability and regulatory approval.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

DECEMBER 17, 2021

Learn top best practices for leading a successful software implementation. Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . Abrigo is more like a partner to us than a vendor or software provider.”? . Lending & Credit Risk.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

DECEMBER 21, 2020

We're seeing it gain momentum in the restaurant space with Compeat, a restaurant management software company, and in the hospitality market with BirchStreet Systems, a procure-to-pay software for hotels, casinos and clubs.”. For example, our portfolio company, GDS Link, provides credit risk management solutions to lenders.

Capital 199

Capital Payments Software Fintech 199

The Paypers

JUNE 4, 2021

ENACOMM has selected REDi Enterprise Development , a risk management software provider, to integrate its lending, compliance, and fraud prevention solutions to ENACOMM’s omnichannel offerings.

Fraud 46

Fraud Risk Management Compliance Lending 46

Abrigo

APRIL 19, 2022

Credit and Lending Software Overcome Common Lending Problems Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Leveraging software to gain efficiency.

Lending 195

Lending Software Management Handbook 195

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! asokolowski.

Report 52

Report Risk Management Compliance Analytics 52

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Such entities in India were granted relief on Jan. Reliance on such solutions will be a win-win for both the customer and the business,” he said.

Video 175

Video Capital Lending Security 175

Abrigo

JANUARY 22, 2016

.” – Albert Einstein Banks generate most of their revenue by lending money, and lending money, by definition, involves a certain amount of risk. Safe lending starts at the origination of the loan, because the most effective way to avoid a troubled loan is to never make the loan in the first place.

Resources 150

Resources Lending Risk Management Compliance 150

Bobsguide

JUNE 14, 2022

Users will benefit from advanced treasury and risk management capabilities. Integrating the capabilities of Lozenge Analytics will allow Fusion KTP users to perform complex statistical risk calculations. Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customers. About Finastra.

Analytics 60

Analytics Risk Management Compliance Regional 60

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. Those poker deposits, like all others at the bank, go through anti-money laundering screening by software linked to the bank’s core system. Photo by Sammy Tillery. Assets: $237.6

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Abrigo

DECEMBER 7, 2021

Without supporting documents, the analysis of the institution's risk cannot be adequately supported. Documenting the assessment process may be as simple as creating a Microsoft Word or Excel file, or an institution can use more sophisticated software that automates creating the risk assessment detail.

How To 195

How To Fraud Analysis Compliance 195

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

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. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.

Resources 221

Resources Lending Risk Management Policies 221

Bobsguide

AUGUST 7, 2022

“Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank. The Co-operative Bank also uses Fusion Risk for treasury credit risk management and Finastra’s banking technology for payments services. “By

Operations 68

Operations Strategy Innovation Policies 68

Abrigo

AUGUST 22, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." Together with our leading BSA/AML software, fraud solutions work to look for patterns through transactions that raise fraud red flags, including check fraud. Lending & Credit Risk. Learn More.

Fraud 195

Fraud Trends Survey Technology 195

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. a community bank operating and software services firm in Wilmington, N.C. By Jonathan Rowe.

Community Bank 70

Community Bank Community Lending FDIC 70

Insights on Business

OCTOBER 11, 2018

More broadly, the Banking Industry Architecture Network (BIAN), a global consortium of banks, technology companies and academic institutions, is developing a standard whereby a bank can be modeled as a collection of capabilities, such as payments, risk management, deposits and lending, with a well-defined services interface.

Meeting 111

Meeting Customer Experience System Guidelines 111

PYMNTS

JUNE 21, 2019

Aptible plans to use the investment to launch its Aptible Comply platform, a security management solution that provides companies and SMBs with automated security and compliance tools. Growth Street. ’s Growth Street is on a mission to reshape the small business overdraft with its line of credit solutions for SMBs.

Marketing 109

Marketing Capital San Francisco Management 109

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. Takeaway 1 The lending landscape is increasingly competitive and the process is frustrating. A loan origination system automates, manages. Compliance. Definition of LOS.

System 338

System Lending Software Analysis 338

CB Insights

NOVEMBER 21, 2019

Companies here range from alternative trading systems to financial modeling and analysis software. Companies in this subcategory provide (1) white-labeled technology infrastructure to banking players, or (2) leverage technology to provide financial infrastructure and banking software (e.g. APIs) directly to end-users. Real estate.

Fintech 93

Fintech Marketing US Technology 93

Gonzobanker

DECEMBER 17, 2021

Honorable mention goes to MVB Financial’s acquisition of Trabian where MVB expands upon its focus on serving fintech through Trabian, a firm well known for the software development work that connects and develops from existing apps while also acting as acqui-hire picking up Trabian leader Matt Dean for to help MVB’s ventures. Has it worked?

Fintech 147

Fintech Strategy Leadership Lending 147