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 10, 2019

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space.

Lending 100

Lending Capital Regulation Survey 100

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. discussed how they use continuous monitoring in their efforts to ensure safe and sound lending practices.

Lending 195

Lending Risk Management Software System 195

Abrigo

MAY 18, 2023

As our annual loan review survey pointed out, loan review units have a severe workforce shortage at the junior and senior levels. Deep and wide A diagnostic checklist for loan reviewers One of the difficulties of loan review management is finding, training, and retaining this talent level.

Lending 195

Lending Training Guidelines Policies 195

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software. But the government has cracked down on some of these methods.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

Perficient

APRIL 20, 2023

The Landscape According to Forbes Advisor: 2022 Digital Banking Survey , as of 2022, 78% of adults in the U.S. blockchain​, digital wallets​, money center banks​, emerging payment solutions, digital lending​, economic turmoil​, and fintech disintermediation). prefer to bank via a mobile app or website.

Marketing 294

Marketing Marketing Strategies social media Strategy 294

Banking Exchange

DECEMBER 21, 2020

FICO survey finds lack of confidence in short-term finances, but satisfaction with bank support is high Community Banking Consumer Compliance Customers Feature3 Financial Research Feature Financial Trends Fair Lending PPP Covid19.

Study 88

Study Community Bank Compliance Survey 88

Abrigo

DECEMBER 2, 2021

Two years ago, more bankers surveyed for that report named core deposit growth as their greatest challenge than any other issue. In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. Lending & Credit Risk. Consumer Lending. Learn More.

Conference 195

Conference San Antonio Lending Fraud 195

CFPB Monitor

MARCH 4, 2016

The American Bankers Association (ABA) has released findings from its recent 2016 ABA TRID Survey focusing on the TILA/RESPA Integrated Disclosure (TRID) rule’s effect on the residential mortgage lending market. 50% of respondents have hired or plan to hire additional staff. 67% reported increased legal and regulatory costs.

Survey 60

Survey Compliance Training System 60

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

MAY 24, 2023

While it has encountered obstacles in the past, the current support and shifting attitudes toward marijuana legalization provide reasons for cautious optimism to banks interested in banking cannabis profitably while managing risk and maintaining regulatory compliance. appeared first on Abrigo.

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

FEBRUARY 2, 2015

Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions. The cost of compliance in these areas are also high for community bankers. One reason is that loan officers are under tighter restrictions in all areas of lending.

Community Bank 150

Community Bank Community Regulation Survey 150

BankInovation

JANUARY 22, 2021

Financial services are leading the adoption and use of Robotic Process Automation (RPA), driven largely by lending automation, compliance management and hardships program administration.

Compliance 64

Compliance Study Survey Lending 64

ABA Community Banking

SEPTEMBER 28, 2021

The post Bankers Viewpoints Shift as Pandemic Continues, CSBS Annual Survey Highlights appeared first on ABA Banking Journal. This year, the lingering effect of COVID-19 on local economies has created a new concern: historic levels of deposits and narrow net interest margins.

Survey 52

Survey Community Community Bank Lending 52

Abrigo

NOVEMBER 1, 2021

You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters". Takeaway 1 BSA and fraud functions have historically been siloed, and IT has been external to compliance. Meanwhile, the IT security function has historically been entirely out of financial institutions' compliance areas.

Fraud 195

Fraud Video Training Compliance 195

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE).

San Francisco 130

San Francisco Community Bank Video Capital 130

Abrigo

JUNE 5, 2023

This report requires (and therefore improves) communication between the credit and lending area of the bank or credit union and those responsible for liquidity management. Visualizing the institution’s lending footprint can lead to improved targeting of growth areas.

Report 195

Report Risk Management Capital Data 195

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. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023. Why “Growth” is Not on The List.

Community Bank 195

Community Bank Capital Lending Training 195

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

Regulation 150

Regulation FDIC Survey Community Bank 150

PYMNTS

AUGUST 7, 2017

Meanwhile, Lloyd’s List Intelligence will lend its business intelligence capabilities as part of an ongoing relationship with the company, giving Traydstream clients access to Lloyd’s maritime data for real-time shipping vessel tracking, among other information.

Data 128

Data Compliance Resources Industry 128

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. With respect to research and policy development, the letter discusses the following initiatives: Auto survey. The survey could be a prelude to such rulemaking.).

Report 68

Report Big Data Lending Survey 68

Jack Henry

SEPTEMBER 4, 2014

The perception that credit markets among financial institutions remain tight has set the stage for an explosion of alternative lending sources. As risk-averse banks lend less money, cash-starved businesses seek out alternative sources of capital, regardless of the additional fees they may have to pay.

Lending 68

Lending Capital Meeting Groups 68

PYMNTS

AUGUST 20, 2018

Consider India, where EY estimates in a recent survey that in India, companies are finding it a challenge to navigate GDPR. As the research shows, 63 percent of respondents to the survey — those who were, in fact, aware of the mandates — were non-compliant. FinTech Firms Eye Bank Charters.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

JULY 12, 2018

Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. Our review shows that while online lending has grown in recent years, our banking industry still supports the overwhelming majority of lending in New York while being subject to strong safeguards and oversight.

Online 100

Online New York Lending Regulation 100

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Leading the challenges for bankers responding to this year’s survey are increasing loans (56.1%) and increasing earnings (54%). What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

AUGUST 22, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." According to the ABA’s 2019 Deposit Account Fraud Survey Report , banks identified $25.1 The 2021 AFP Payments Fraud and Control Survey reported 66% of fraud activity included check fraud in 2020. Lending & Credit Risk.

Fraud 195

Fraud Trends Survey Technology 195

PYMNTS

SEPTEMBER 19, 2017

The biggest opportunities exist in transaction banking and commercial lending, Finastra said, but there is also a real opportunity in working with FinTechs (and the tech they offer) to help banks land a larger slice of the combined $915 billion in revenues FIs are expected to see at the end of the decade.

Innovation 108

Innovation Survey blockchain Lending 108

PYMNTS

DECEMBER 11, 2020

Peter Hazlehurst, CEO of Synctera, tells Karen Webster that Synctera is a next-gen banking-services platform that facilitates FinTech scale by enabling banks to leverage their current compliance and account-servicing capabilities in new ways. The FinTech as a Service launched Tuesday (Dec. Report: Digital Lender SoFi Eyes IPO Via SPAC.

Trends 175

Trends Fraud Millennials Community Bank 175

Abrigo

DECEMBER 10, 2021

In Abrigo’s survey, getting data was cited most frequently by respondents (37%). 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. Invest in Staff.

Training 195

Training Policies Data Guidelines 195

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Increasing role of technology. 50% of consumers now interact with their bank through mobile apps or websites weekly – up from 32% two years ago.

Community Bank 91

Community Bank Community Fintech Guidelines 91

Abrigo

JUNE 30, 2020

For example, at financial institutions that continue to rely on paper-based BSA/AML systems, the need to send BSA staff home likely meant staffers had to drag files home with them, said Terri Luttrell, Compliance & Engagement Director at Abrigo.

Meeting 195

Meeting Training Conference Software 195

PopularBank

MAY 24, 2024

According to a recent USA Today survey, nearly half of all nursing home facilities can meet the RN care mandate (0.55 These discussions will lend a platform to share key insights and challenges that others may not be aware of such as transportation for workers, non-existent employee or candidate pool. 5 ways to prepare.

Operations 52

Operations Training Community Meeting 52

South State Correspondent

MARCH 14, 2024

If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. Banks need to evaluate new technology, new lending areas, and new cash management levels to name a few with a longer time horizon and with some process rigor. Risk management also needs to change.

Innovation 195

Innovation Strategy Capital Comparison 195

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