Abrigo

MARCH 21, 2023

You might also like this video on managing interest rate risk. Takeaway 3 Diving deeper into depositor pricing and evaluating loan pricing to ensure compensation for the risk are among strategies to manage interest rate risk. Stay up to date with Abrigo advisors' ideas for managing interest rate risk.

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . What are model risk management and model validation? SR 11-7, issued by the Federal Reserve and OCC in 2011, is the supervisory guidance on model risk management.

Risk Management 195

Risk Management Management Regulation Analysis 195

Abrigo

FEBRUARY 24, 2022

Takeaway 1 Interest rate risk for financial institutions is the risk that earnings and market value may decline as market interest rates change. . As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance. As we track transactions, it will be very telling how these challenges will impact organizations’ due diligence processes.

Compliance 144

Compliance Survey Analytics Regulation 144

PYMNTS

JUNE 10, 2019

Oracle has announced new enhancements for its Retail Brand Compliance Management Cloud Service , which will enable retailers to monitor the integrity of their materials and end products. The biggest names in grocery rely on Oracle Retail Brand Compliance to meet these expectations, while protecting their customers and brands.”

Compliance 115

Compliance Retail Branding Analytics 115

Insights on Business

MAY 1, 2019

Whether policy makers are encouraging deregulation, or increasing regulatory requirements, regulatory change has been a constant. A recently published Thomson Reuters study titled “ Fintech, Regtech and the Role of Compliance in 2019 ” found that a new regulatory alert is issued every seven minutes. Read the report here.

Compliance 141

Compliance United States Regulation Study 141

PYMNTS

FEBRUARY 8, 2018

Being a program manager isn’t easy. If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy.

Management 167

Management Compliance Maine Policies 167

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. Clearly defined policies and procedures can help avoid confusion and streamline credit operations. Reduce exceptions : Too many credit exceptions can lead to confusion and inefficiency.

Training 195

Training Risk Management Analysis Policies 195

PYMNTS

AUGUST 31, 2018

To take on apps that don’t give users information on the use of their personal data, Apple is introducing a new requirement: At the beginning of October, apps will have to have a privacy policy – even those that are in testing, according to reports. Starting Oct. Starting Oct. The app will still be available on Android devices.

Policies 101

Policies Apple Guidelines social media 101

PYMNTS

JUNE 29, 2017

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. But understanding what can be a dizzying array of policies is only part of the battle.

Policies 123

Policies Compliance Regulation Innovation 123

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

Perficient

NOVEMBER 30, 2021

Using what could be described as “agile policy-making,” the agencies conducted a series of interagency “policy sprints” focused on crypto assets. Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Activities involving payments, including stablecoins.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

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. In a perfect merger, both banks are compliant, risk-based, and consistent with each other’s policies and procedures. Consolidation Trends. Mergers & acquisitions are on the rise. A Good Match?

Compliance 195

Compliance Policies Fraud Analysis 195

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. With this in mind, the July 2018 Bulletin focuses on a wide-range of consumer protection issues, including: Redlining.

Compliance 68

Compliance Risk Management Lending Training 68

Abrigo

DECEMBER 22, 2023

Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. They’ve also focused on managing interest rate risk in a rising rate environment. Reduce operating cost while ensuring loan policy consistency.

Lending 221

Lending Risk Management Community Management 221

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.” ”

Management 115

Management Compliance Company Data 115

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

MAY 1, 2018

As the impact of demonetization continues to reverberate in the market, investors want to benefit from this shift. One of the nation’s most recent B2B FinTechs to land funding is Fyle, a small business expense management company that landed $1.1 Expense management [in India] has been manual for a really, really long time.

Management 100

Management Fintech Policies Data 100

PYMNTS

NOVEMBER 1, 2020

Suplari , which works in spend agility, has debuted the next version of its Spend Industry Cloud, which has 175 different automated insights to help predict and manage costs, cash flow and investments, a press release says.

Tools 213

Tools Analytics Data Policies 213

Abrigo

AUGUST 8, 2021

Takeaway 3 Timely risk ratings and a written review policy are critical components of effective loan review and credit review. An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL.

System 195

System Lending Policies Regulation 195

PYMNTS

JANUARY 26, 2021

Managing spend for organizations typically comes with a lot of paper, manual processes and headaches. At most, a manual approach to spend management can attempt to uncover potential patterns: an employee that is continually breaching internal spend policy, for instance.

Analytics 189

Analytics Compliance Management Data 189

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. Can we look at their overall compliance management program?”.

Security 116

Security Policies Conference Compliance 116

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021.

FDIC 78

FDIC Compliance Lending Regulation 78

PYMNTS

DECEMBER 23, 2018

The former senior vice president at Mastercard will oversee tZERO’s legal, regulatory, public policy and compliance functions. In other news, Coinbase CEO Brian Armstrong has officially signed the Giving Pledge, vowing to donate the majority of his wealth to charity.

Bitcoin 164

Bitcoin Compliance Regulation Security 164

FICO

DECEMBER 20, 2021

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. has lagged the EU and UK , where Open Banking policy and standards are firmly in place. However, 2022 should signal a change.

Policies 52

Policies DC Regulation Industry 52

PYMNTS

MARCH 14, 2019

Even well-meaning FIs and corporations can struggle to maintain proper compliance when working across various global markets, each with their own specific set of regulations. As businesses seek to expand their reach into new markets, they need to be sure they can handle due diligence for those new sets of consumers.

Compliance 182

Compliance Policies Regulation Software 182

PYMNTS

NOVEMBER 29, 2017

The business travel and expense (T&E) management space is one of the most active when it comes to new market entrants and innovations for businesses. Amid this ecosystem of accelerated activity is the travel management company (TMC), which is now tasked with guiding companies through a maze of new services and solutions.

Management 100

Management Company Analytics Policies 100

Abrigo

FEBRUARY 25, 2022

Takeaway 2 Enhance policies, procedures, and processes for areas that will gain regulatory scrutiny? . Takeaway 3 Keep an eye on updates to changing markets, including cannabis and antiquit ies trading . The current guidance for FinCrime models was written in 2011 and meant for credit and market risk. What to Watch.

Regulation 195

Regulation Policies Compliance Washington 195

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Long Lasting Ideas

AUGUST 7, 2014

The expansion of social media in the workplace and for personal use has made it vital for financial institutions to include a specific social media policy within its policies and procedures. Policies are needed to provide guidance to employees concerning appropriate use and for financial institution’s to manage risk assessment.

social media 69

social media Policies How To Handbook 69

Abrigo

MAY 18, 2023

The guidance expects the scope to consider current market conditions (soaring lumber and construction materials prices, the pandemic, cybercriminals shutting down oil pipelines) that may impact a borrower’s current or future ability to repay the loan. This certainly qualifies loan review as a high-scope activity.

Lending 195

Lending Training Guidelines Policies 195

FICO

JANUARY 13, 2020

It is safe to say that Las Vegas casinos will not soon be taking bets on the occurrence of future finance policy developments. The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970.

Policies 52

Policies Las Vegas FDIC Washington 52

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

PYMNTS

NOVEMBER 2, 2020

The ministry’s AML and CFT policies incorporate the suggested policies set by the Financial Action Task Force (FATF) and will be monitored by the Caribbean Financial Action Task Force (CFATF). During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

PYMNTS

JUNE 23, 2017

Now, said SAP Ariba GM of EMEA Operations Paul Devlin, the company will be running with the insights procurement executives offered at the event as SAP Ariba looks strengthen its position in Europe and other markets across the globe. “The reality is, it’s very labor-intensive,” the executive noted. ” Devlin asked.

Marketing 139

Marketing Policies Compliance Leadership 139

PYMNTS

AUGUST 23, 2019

So far the XPOS has been shipped to over 30 countries, with plans to send out 100,000 devices to the global retail market by 2021. It is the first compliance alerts solution available across 15 cryptocurrencies. Alert levels are based on factors such as category, service, direct versus indirect exposure, direction of funds, and amount.

blockchain 124

blockchain Analysis cryptocurrency Bitcoin 124