Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool."

Risk Management 222

Risk Management Regulation Management Lending 222

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. However, there is a range of other areas of noncompliance risk for these businesses. Which brought Wales to the final major challenge industry players face in the compliance realm: data management.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

MAY 16, 2019

Product compliance and risk management technology firm Decernis is collaborating with Viaware , an IT company in the food contact materials space, to promote compliance in the supply chain. Compliance in the food and food packaging space can be complex , the companies noted.

Compliance 115

Compliance Regulation Risk Management Software 115

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. These tips can help ensure compliance while improving your offerings. This step sets the foundation for effectiv e risk management by understanding the unique challenges associated with the product.

Fraud 222

Fraud Training Risk Management Software 222

Abrigo

DECEMBER 29, 2023

You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals. Here are the top resources.

Resources 222

Resources Lending Risk Management Policies 222

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Member firms are responsible for ensuring surveillance and technology tools are suitable for remote locations. Member firms are responsible for conducting and documenting a risk assessment for remote locations.

Compliance 221

Compliance Risk Management Regulation Industry 221

Insights on Business

JULY 17, 2019

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. Source: Gartner, Magic Quadrant for IT Risk Management, Khushbu Pratap, Brian Reed, 03 July 2019.

Risk Management 110

Risk Management Management Report Compliance 110

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

PYMNTS

OCTOBER 16, 2019

The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. Most financial institutions know that emerging tech and new tools can help fight fraud and money laundering, but many are still held back.

Compliance 123

Compliance Fraud Study Digital Banking 123

Independent Banker

DECEMBER 31, 2022

The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. On May 5, 2022, the federal bank regulators jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

AUGUST 21, 2019

ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo , a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. The software will track chemical use and manage compliance.

Compliance 108

Compliance Innovation Software Risk Management 108

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. 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. GenAI is seeing varied use cases in banking.

Examples 222

Examples Fraud Resources Risk Management 222

Perficient

FEBRUARY 23, 2021

The financial crisis of 2008 and 2009 highlighted the need for timely data to identify and monitor liquidity risks at individual firms, as well as in aggregate across the financial system, especially with respect to intra-company flows and exposures within a consolidated institution. banking institutions.

Report 309

Report Risk Management Data System 309

Abrigo

FEBRUARY 16, 2024

Ensure regulatory compliance: Stay ahead of regulatory requirements by ensuring accurate credit risk ratings, robust global cash flow analysis, and proactive rate-risk Regular portfolio monitoring is key to identifying potential issues and addressing them promptly. Talk to a specialist to learn more.

Training 195

Training Risk Management Analysis Policies 195

PYMNTS

SEPTEMBER 15, 2020

In such a complex payments ecosystem, merchants have identified the value in diversifying their risk through embracing multiple solution providers partners, including multiple banking services providers. Diversifying Risk. Merchants didn’t realize how important it was to have a backup. All parties in the payment ecosystem.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

APRIL 18, 2017

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. It’s satisfying key regulatory requirements, but at the end of the day it’s not providing the insight around managing your risks that it should.”.

Compliance 111

Compliance Data Austin Management 111

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. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

PYMNTS

JANUARY 30, 2019

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. 29) said Opus is rolling out its Clarity KYC solution to automate KYC workflows and enhance risk analysis. A press release on Tuesday (Jan.

Compliance 115

Compliance Risk Management Analysis User Experience 115

Insights on Business

JULY 1, 2019

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe. There didn’t seem to be a need to connect this area, governed by rules and regulations, with the “front office” customer experience. Seeing customer feedback as a data source.

Compliance 96

Compliance Customer Experience Analysis Data 96

Insights on Business

MAY 23, 2016

It’s no secret that the volume and depth of regulations have positioned regulators as the top “customer segment” for many global financial services organizations, that’s why financial services risk management is so important.

Compliance 70

Compliance Risk Management Regulation Data 70

Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Importance of Compliance. A Framework for OFAC Compliance Commitments. OFAC sanctions can have real world impact.

Compliance 195

Compliance Software Case Study Payments 195

Insights on Business

MARCH 11, 2019

However, until recently, these advancements had been only marginally utilized within the risk and compliance groups. Whether due to lack of specific use cases, or limited visibility into the challenges analysts, compliance officers and risk managers face. Gauging AI by asking the experts.

Compliance 140

Compliance Risk Management Tools Survey 140

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. As a licensed exchange, BitBay has to follow the market standards.

Bitcoin 141

Bitcoin ATM Risk Management Compliance 141

PYMNTS

JANUARY 10, 2018

Oversight’s own analysis found 10 percent of corporate travelers commit high-risk spending, which includes fraudulent and out-of-policy spending. The solutions help companies remain compliant with regulations like the U.S. Foreign Corrupt Practices Act, Oversight added.

Fraud 100

Fraud Tools Policies Risk Management 100

Insights on Business

MAY 23, 2016

It’s no secret that the volume and depth of regulations have positioned regulators as the top “customer segment” for many global financial services organizations. Instilling compliance into an organization from a cultural, functional, and infrastructure perspective is no easy feat.

Compliance 79

Compliance Regulation Risk Management Data 79

PYMNTS

JULY 5, 2018

Maintaining compliance and security , though, must be at the top of the priority list, according to Stemmle and Kull. While additiv provides the wealth management technology via its Digital Finance Suite of solutions, Orange enables financial institutions to implement and “plug-in” to the technology via the cloud. .”

Compliance 109

Compliance Fintech Marketing Security 109

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

SEPTEMBER 10, 2021

The role of BSA staff was typical compliance and very task-oriented. The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) was signed into law on October 26, 2001, just over a month after the attacks. BSA Rules and Regulation. Learn More.

Training 195

Training Risk Management Pennsylvania Resources 195

Insights on Business

JUNE 20, 2018

In today’s global marketplace, financial services firms must grapple with competition, increasing regulation and market volatility while also maintaining profitability and growth in a world disrupted by emerging technologies and fintechs. One significant challenge lies in how firms manage risk. OpenPages 8.0

Regulation 70

Regulation Compliance Analytics System 70

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Training Guidelines Policies 195

Insights on Business

JUNE 27, 2018

Regulators are no longer willing to accept ALM and LR metrics once a month. Banks know they must be ready to provide regulators with a quick response to regulatory stress tests. They have a critical need for technology that can provide insight into risks embedded in their banking books.

Big Data 151

Big Data Data Risk Management Analytics 151

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. In Europe, financial services regulation is especially disruptive.

Policies 123

Policies Compliance Regulation Innovation 123

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Compliance Risk – The banking industry is highly regulated.

Risk Management 40

Risk Management Management Operations Meeting 40

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

OCTOBER 28, 2020

The Oracle Financial Crime and Compliance Management Cloud Service delivers extensive cybersecurity capabilities to financial institutions (FIs) of all sizes. Last June, Oracle advanced its Retail Brand Compliance Management Cloud Service with the latest innovations.

Compliance 154

Compliance Security Management Analysis 154

PYMNTS

JUNE 26, 2018

In a press release issued on Monday (June 25), the SBA announced a strategic alliance with the American Institute of Certified Public Accountants (AICPA) to help small businesses (SMBs) facing regulatory compliance and enforcement issues.

Groups 101

Groups National Compliance Lending 101