American Banker

JANUARY 19, 2024

Bank regulators Friday said the existing laws governing safety and soundness and fair lending are adequate to address risks posed by artificial intelligence, noting that while AI may be used to inform lending decisions, banks are ultimately responsible for compliance.

Regulation 82

Regulation Tools Compliance Lending 82

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

OCTOBER 19, 2023

On the loan origination side, Abrigo’s Sageworks Lending product was lauded for its ease of use. “We have been using the Sageworks Lending software for over three years,” said one reviewer. “It We use a lot of the lending modules and love how everything integrates, creating efficiency and ease of use.”

Software 221

Software Lending Resources Community 221

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Also, in China, analysts at Yingcan Group pointed to the government’s P2P and marketplace lending crackdown as being likely to shrink the industry by as much as 70 percent this year. In the U.S., In June, the U.K.’s

Compliance 117

Compliance Risk Management Lending Regulation 117

CFPB Monitor

JUNE 17, 2021

In another action demonstrating that a “new CFPB” is in place under the Biden Administration, the CFPB has issued an interpretive rule setting forth the basis for its determination that it has authority to examine institutions that it supervises for Military Loan Act (MLA) compliance.

Compliance 78

Compliance Lending Leadership Analysis 78

Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. Systems may include components that are independent of the lending function or may place some reliance on loan officers.

System 195

System Regulation How To Lending 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

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Abrigo

SEPTEMBER 29, 2022

Essential technology for modern lending and credit departments. Instead, they are a specific program for lending institutions and their needs. An essential function of this software is that it helps in identifying potential risks and threats related to construction lending. Smart Return on Investment.

Software 195

Software Lending Management Strategy 195

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

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. For others, it is a magical tool that leads to growth and improved borrower experience.

System 338

System Lending Software Analysis 338

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. BNL Goes Live With Tink. Absa Group Collabs With Surecomp.

Fintech 341

Fintech National Groups Tools 341

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters. Compliance and reporting : Mandate implementing robust AML and CTF programs by money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

Banking Exchange

OCTOBER 12, 2020

Not only does technology provide a better customer experience, but it is proven to create a more efficient and less risky lending process from beginning to end Mortgage Credit Mortgage Mortgage Compliance Mortgage/CRE Residential Commercial Technology Feature3 Feature.

Examples 88

Examples Tools Customer Experience Compliance 88

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184

Fintech Lending Software Compliance 184

Abrigo

MAY 24, 2024

Compliance measures: Ensuring adherence to Reg CC and FedNow operating procedures. To support these needs, Abrigo is enhancing its fraud detection software and AML/CFT solutions to include FedNow transactions, providing financial institutions with the tools they need to protect their customers and their institutions.

How To 243

How To Fraud Resources Georgia 243

Abrigo

MAY 8, 2024

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

JUNE 9, 2020

Eliminating manual data entry, and, thus, data entry errors, is key to efficient and compliant lending. Compliance is at the center of the lending process at financial institutions. Without the right tools and processes in place, however, compliance can be monotonous and inefficient. Learn more.

Technology 195

Technology Lending Compliance Data 195

PYMNTS

NOVEMBER 5, 2019

Such tools are being used to automate the development of risk profiles, identity verification and data analysis — areas that are key to ensuring quick and secure verification before funds are disbursed. Instant Payment Challenges In Online Lending. The Digital Lending Approach And Real-Time Payments.

Lending 102

Lending Payments Security Fintech 102

FICO

MAY 2, 2023

I sat down with UK lenders in two roundtable discussions in March to explore the different approaches being taken to Consumer Duty compliance. How to Facilitate the Best Outcomes Due to the breadth of its scope and challenges, the Consumer Duty requires a number of tools to help facilitate good outcomes for customers.

Compliance 52

Compliance How To Tools Strategy 52

CFPB Monitor

MAY 7, 2020

The CFPB’s annual fair lending report covering its 2019 activities is scheduled to be published in tomorrow’s Federal Register. The Bureau states that an area of innovation that it is monitoring for fair lending and credit access issues is “artificial intelligence (AI), and more specifically, machine learning (ML), a subset of AI.”

Lending 78

Lending Report FDIC Policies 78

PYMNTS

JANUARY 11, 2021

The pandemic's impacts on the financial and lending spaces are stretching into the new year, with both borrowers and lenders having adjusted how they approach loans in a world where virtual interactions have become the norm. Lenders Race To Meet Pandemic-Driven Expectations. The faster we can do that, the quicker the entire process goes.”.

Lending 157

Lending Tools Meeting Industry 157

Abrigo

MAY 18, 2023

Takeaway 3 Use these tools to consider how much their resources can support while meeting regulatory expectations. WATCH Takeaway 1 Scope and depth are useful evaluation benchmarks for your financial institution's loan review process. Scope and depth Why use scope and depth to discuss loan review?

Lending 195

Lending Training Guidelines Policies 195

CFPB Monitor

JUNE 14, 2021

Two leaders of the CFPB’s Fair Lending Office – Patrick Ficklin, Fair Lending Director, and Charles Nier, Senior Fair Lending Counsel – recently published an article advocating for broader use of special purpose credit programs (“SPCPs”) by creditors.

Lending 78

Lending Regulation Study Washington 78

Perficient

DECEMBER 1, 2022

How can firms give their advisors more liberty to be personalized and tailored in communicating with their clients and prospects while still ensuring utmost regulatory compliance? Here is an example scenario in which a financial advisor equipped with Salesforce was able to better target a client while maintaining regulatory compliance.

Taxes 294

Taxes Customer Experience Marketing Compliance 294

Abrigo

JUNE 23, 2023

“Since users actively and consistently use these tools, the underlying data will naturally be more reliable and accurate without any additional effort required for financial institutions." Stay up to date on the CFPB 1071 data collection rule and other lending compliance topics. Talk to a specialist to learn more.

Data 195

Data Lending System Management 195

Abrigo

DECEMBER 2, 2021

This strategic tool evaluates changes in deposit accounts, broken down by the institution’s sectors or sub-sectors. 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. Streamline loan review.

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., Deloitte, Unqork, Plaid Debut Lending-as-a-Service Tool. ” Plaid Unlocks Payroll Data to Support PPP Lending. Funding Options Unlocks Data Across 20 Lenders.

Data 167

Data Lending Regional Fintech 167

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Utilize these tools to track renewals, annual reviews, and other key dates, ensuring that nothing falls through the cracks. Talk to a specialist to learn more.

Training 195

Training Risk Management Analysis Policies 195

South State Correspondent

JULY 19, 2023

Of the largest 250 banks, 90% are using interest rate swaps, and because these largest 250 banks hold 83% of all loans, interest rate hedging tools are widely used in approximately 75% of the loan marketplace. Regulatory compliance and reporting can be complex and confusing. There are no ongoing or upfront costs.

Community Bank 195

Community Bank Community Compliance Marketing 195

Abrigo

DECEMBER 22, 2023

You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Now that it’s implemented, it’s crucial to ensure ongoing compliance and efficient management of the allowance for credit losses (ACL).

Risk Management 221

Risk Management Regulation Management Lending 221

American Banker

NOVEMBER 8, 2023

Developers of lending and other banking tools powered by artificial intelligence say their firms are well positioned to weather regulatory changes, but remain mindful of how government agencies might respond.

Fintech 88

Fintech Lending Tools Compliance 88

CFPB Monitor

MARCH 28, 2022

Clyburn sought information from the nation’s largest lenders on their PPP lending policies and compliance efforts, including Anti-Money Laundering (“AML”) and know-your-customer (“KYC”) policies. Any compliance failures could lead to sanctions under the Bank Secrecy Act or, if systemic, potential liability under the False Claims Act.

Fraud 146

Fraud Compliance Lending Policies 146

Bank Innovation

JUNE 12, 2018

PREMIUM - Facebook built a bot called a "classifier" in order to identify credit, housing, and employment ads, in order to exclude them from the social network's "multicultural affinity" targeting tools, but the bot failed, and the result is that Facebook may have violated multiple federal laws concerning fair lending.

Lending 191

Lending Tools Compliance 191

PYMNTS

MAY 22, 2020

While alternative and digital lending FinTechs can be a more agile option for borrowers, the way these FinTechs manage their own loan portfolios can become a particularly burdensome process that Diehl said threatens to take these companies’ focus away from their goal of enhancing borrower experiences, and toward back-office logistics.

Fintech 261

Fintech Lending Tools Risk Management 261

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

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. Merely adopting digital technologies does not solve for efficiency problems, Prasad noted.

Video 175

Video Capital Lending Security 175