Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

Perficient

JANUARY 19, 2021

There are seven phases in total, but we will only consider the following five: Starting with a booked order, any change will need to be documented. The order management/customer service team are the ones that make revisions. The overarching question for the approach is based on operational efficiency. These are revisions.

Management 360

Management Leadership System Operations 360

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Reduce exceptions : Too many credit exceptions can lead to confusion and inefficiency.

Training 195

Training Risk Management Analysis Policies 195

Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Monica Gernert, a project manager, and insurance expert at Perficient, provided a critical perspective around genAI that’s quoted in the report.

Technology 221

Technology Report social media Industry 221

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. These fees are often unclear and fluctuating, creating significant administrative burdens for firms managing multiple funds. A centralized platform for invoice processing and case management.

Training 221

Training Strategy Exercises Data 221

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. These fees are often unclear and fluctuating, creating significant administrative burdens for firms managing multiple funds. A centralized platform for invoice processing and case management.

Training 221

Training Strategy Exercises Data 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. ALM 101: Introduction to Asset/Liability Management. This is the fourth post in a series.

Management 195

Management Meeting Risk Management Operations 195

Abrigo

FEBRUARY 14, 2024

WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents. Include HR to add steps for replacing staff Submit plans to AML program executive management for approval. What tasks are required per regulations? Who performs those tasks?

Training 195

Training Fraud Compliance Regulation 195

PYMNTS

JANUARY 27, 2020

The solution uses automated technology to categorize and codify relevant data from these documents in real time, thereby trimming the time employees and expense managers need to sort through them. Why Deft Spend Management Is Crucial To Successful Event Planning. About The Playbook.

Management 160

Management Taxes Tools Metro 160

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

Perficient

JUNE 22, 2020

Oracle’s EPM Cloud Operations Guide is a must-have document for Oracle cloud EPM customers. Managing User Accounts. Understanding Oracle’s Change Management Process. Have a question about the Operations Guide? Whether it’s performance enhancements, security settings, compatibility questions, etc.

Data 354

Data Management Operations Examples 354

Perficient

JULY 11, 2023

Every company needs documents for its processes, information, contracts, proposals, quotes, reports, non-disclosure agreements, service agreements, and for various other purposes. Document creation and management is a crucial part of their operations. What is Industries Document Generation?

Industry 346

Industry Data Management Meeting 346

Abrigo

JUNE 7, 2017

A Sageworks whitepaper MBL landscape: Managing Risk & Opportunity notes that ultimately, it is the responsibility of the credit union board to protect the financial institution and its members, so directors should outline the goals behind increasing business lending and the related risks. for various staffing levels.

Lending 150

Lending Management Analysis Policies 150

PYMNTS

DECEMBER 26, 2019

Businesses of all sizes are slowly phasing manual expense tools out of spend management strategies. The latest Workforce Spend Playbook analyzes how expense management tools are shifting to provide quicker and more convenient services to small and medium-sized businesses (SMBs) in all markets. The L atest Workforce Spend News.

Management 132

Management Cards Tools Software 132

PYMNTS

APRIL 17, 2018

Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). The technology conglomerate, which is the world’s largest smartphone and semiconductor maker, is exploring a blockchain-based ledger system to manage its international supply chain.

Samsung 139

Samsung blockchain Management Technology 139

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 93

Operations System Groups Technology 93

Abrigo

MARCH 13, 2024

Takeaway 3 To triage a CRE loan in workout, first re-engage the deal team and conduct a comprehensive review of the loan documents. Here’s how banks and credit unions with strong CRE risk management can identify weakening property loans, assess them, triage them, and assist with their prognosis and treatment.

Strategy 221

Strategy Course Meeting Taxes 221

Independent Banker

NOVEMBER 30, 2022

And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today. If a community bank has just a handful of vendors, managing those vendors is fairly straightforward. based cybersecurity technology firm.

Management 91

Management Community Bank Community Data 91

PYMNTS

SEPTEMBER 28, 2020

Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment. Buyers must acquire documents , such as W-8 or W-9 tax forms and information like taxpayer identification numbers (TINs) from vendors, then validate their details to meet tax obligations.

Data 166

Data Management Taxes Meeting 166

PYMNTS

DECEMBER 27, 2019

Manual expense management tools had their time in the spotlight, largely because they were the only options available for employee reimbursements and cash flows. Today’s corporations are happy to bid goodbye to these time-consuming, paper-based processes and turn to online, automated expense tracking products for their spend management needs.

Management 132

Management Cards Policies Compliance 132

South State Correspondent

MAY 18, 2023

Tate ingests currently approved documents and provides natural language answers to our employees. Our current state is an intranet built on ServiceNow , allowing employees to search for various documents to answer questions. A banker’s job is attracting and managing customers, understanding risk, and pricing it appropriately.

US 195

US Training Examples Data 195

PYMNTS

MARCH 4, 2020

The paperwork and delays that employee expenses generate can strain any business’s operations. The firm is also deploying data analytics as well as fuel cards to improve its fleet management efforts. Such hazards may be especially consequential for companies that consumers rely on during and after crises.

Management 141

Management Technology Analytics Resources 141

PYMNTS

DECEMBER 6, 2018

Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years ago. Earlier this year, the bank was hit by another scandal involving its wealth management business , opening up more investigations by federal regulators. . million fake accounts.

Management 124

Management Retail Regulation Resources 124

PYMNTS

OCTOBER 19, 2020

Sudheera Vanguri , product manager lead at Google, said in a b log post on Monday (Oct. In this industry, borrowers and lenders have high expectations; they want a mortgage document processing solution catered to improving operational efficiency, while ensuring speed and data accuracy.

Google 264

Google Tools Lending Industry 264

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

Perficient

JUNE 1, 2023

Use Cases Writer is the most customizable generative AI platform for banking, asset and wealth management, and insurance companies with implementation at many large financial service organizations including Charles Schwab, Vanguard, Intuit, and many more. Perficient can help deliver solutions to transform your organization.

Compliance 251

Compliance Industry Regulation Data 251

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

FICO

JANUARY 25, 2021

Customer identity management is a term that is subject to a number of definitions. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage risk—all while making it simple for customers to transact. Customer identity management operates today in an unpredictable environment.

Management 98

Management Fraud Customer Experience Compliance 98

PYMNTS

DECEMBER 24, 2020

Care providers charge patients bill portions, and then submit claims and supporting documentation to insurance providers for the remaining amounts. Inefficiencies surrounding these processes can cause serious pains, said Arthur Schoen , vice president of insurance operations and revenue cycle management at Aspen Dental Management.

Payments 255

Payments Operations Management Tools 255

South State Correspondent

AUGUST 21, 2022

The first decision a community bank must make in choosing a hedging program is if they will subject their commercial customers to ISDA documents. Most community banks do not have a large universe of customers and prospects that would embrace complex and esoteric documentation.

How To 195

How To Community Bank Community FDIC 195

Abrigo

NOVEMBER 9, 2020

A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books. Similarly, documents may be coming into the institution from many outside parties. stay informed.

System 195

System Lending Software Risk Management 195

PYMNTS

DECEMBER 3, 2020

Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems. The new solutions will go further toward transforming AP processes with automation.

Resources 173

Resources Compliance Management Innovation 173

PYMNTS

FEBRUARY 1, 2017

In an interview with PYMNTS, Neopost SME Digital Solutions Director Erwan Kernevez said that pain points among smaller firms include the management of inventory spend and time spent dealing with manual processes. Lost communications, the firm said, can lead to lost sales. and the U.K.) And though the U.S. is catching up.

Operations 100

Operations Management Examples Technology 100

Perficient

NOVEMBER 20, 2020

I am just echoing Oracle’s document. To be precise more on the SDM / Close Manager side of FCC – you have new commands to clear region / copy region by profile. Business Benefit: These commands facilitate the scheduling and automation of some Tax Reporting and Financial Consolidation and Close operations.

Taxes 322

Taxes Regional Examples Report 322