Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Build a reliable risk management strategy using accurate estimations and predictions. This blog was co-authored by Carl Aridas and Joel Thimsen.

Industry 221

Industry Regulation Compliance Data 221

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

Celent Banking

DECEMBER 13, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

Abrigo

FEBRUARY 6, 2024

Where to begin Develop a member business lending strategy Developing a sound MBL strategy, or tightening an existing one, can help credit unions achieve long-term success in managing member business lending risks. Get ready for the next credit cycle with credit department housekeeping tips from this webinar.

Lending 221

Lending How To Risk Management Policies 221

Celent Banking

DECEMBER 12, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. ” www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

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

SWBC's LenderHub

AUGUST 18, 2022

Nacha does not require a specific method to be used for account validation but has provided examples of acceptable forms of validation. WEB debit entries, by definition, are debits to consumers’ accounts where authorization is communicated via the internet or a wireless network.

Risk Management 78

Risk Management Fraud Management Examples 78

Abrigo

AUGUST 2, 2023

Takeaway 2 Financial institutions have been taking a three-pronged approach to identifying and quantifying risks associated with their CRE segments. Takeaway 3 Financial institution management can focus on mitigating risk and understanding portfolio dynamics when the analysis is streamlined. Truist Financial Corp.

Report 195

Report Risk Management Lending Analysis 195

Insights on Business

JULY 30, 2019

An example is the IBM Workspace Analyzer for the Enterprise solution. The offering is built on the IBM Workspace Analyzer platform, an in-memory platform that aggregates and manages data across multiple sources in real-time. Also see our related blog post, A new era of technology enabled financial risk management.

Risk Management 70

Risk Management Analytics Technology Management 70

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? Community banks certainly want to remain conservative with risks and follow regulations. But whether outsourced or not, senior management needs to have “high quality, timely portfolio information” so they can make better loan decisions over time.

Risk Management 186

Risk Management Management Lending Resources 186

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

Perficient

SEPTEMBER 16, 2022

Legal status – There is some question regarding the legal status of many crypto-assets – is it a security, is it fungible, is it a derivative – as well as the very limited legal precedent regarding how crypto-assets would be treated in varying contexts, including, for example, in bankruptcy court. The Home Owners’ Loan Act.

Compliance 275

Compliance Risk Management System Regulation 275

Abrigo

JANUARY 11, 2022

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring, and Controlling Interest Rate Risk" WATCH. The ALM Basics.

Management 195

Management Meeting Capital Strategy 195

Abrigo

DECEMBER 14, 2023

In a banking landscape that is constantly changing with new regulations, increasing competition, and other new challenges, it is critical to maximize your strategic plan's effectiveness. Learn how to tap your data to generate management insights. Every stakeholder should be on board. Explore Abrigo Connect.

Lending 221

Lending Risk Management Meeting Survey 221

Abrigo

AUGUST 5, 2020

Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. Therefore, it’s essential that the credit memo captures the complete picture of the borrower to ensure proper risk management. Improving loan grading in a recession.

Management 195

Management Risk Management Trends Industry 195

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance.

Management 150

Management FDIC Community Risk Management 150

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. However, these reputational risk management (RRM) frameworks are still widely underdeveloped.

social media 170

social media Risk Management Analysis Industry 170

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements.

Technology 195

Technology Fraud Compliance Regulation 195

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

PYMNTS

MAY 11, 2018

Can risk sandboxes become a proving ground for a firm’s competitive edge? Some companies view risk management and compliance as roadblocks to innovation. After all, so much time is spent making sure regulations are satisfied that there might be less-than-optimal time and money to spend on the actual crafting of new offerings.

Compliance 125

Compliance Innovation Management Risk Management 125

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. 2020 Interagency Guidance.

System 195

System Lending Policies Regulation 195

Perficient

MARCH 23, 2021

2052A Regulatory Calculations are available from Oracle FS Liquidity Risk Management. Federal Reserve Calculation of LCR, Modified LCR, FR 2052a (5G) Template, Regulation YY LCR, and pre-configured LCR scenario. 2052a validation checks are provided in the Oracle FSA-Lombard Risk Integration Pack. The system includes U.S.

Report 294

Report Tools Risk Management Data 294

Abrigo

DECEMBER 1, 2021

Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. . There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions.

Risk Management 195

Risk Management Lending Policies Management 195

Abrigo

JANUARY 24, 2024

Realistically assess your organization before taking on another institution with the following questions: Does your staff have the bandwidth to manage a bigger or more complex organization? Find out what auditors and regulators will be looking for as it relates to CECL.

FDIC 195

FDIC Regulation Strategy Data 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. Through offering a single interface to manage all banking relationships, merchants can optimize management of finances and payments.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

OCTOBER 23, 2020

It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. But third-party risk is complex and multifaceted, demanding a juggling act of coordination, collaboration and research. Diversifying The Vendor Base.

Management 144

Management Strategy Data Risk Management 144

Abrigo

SEPTEMBER 5, 2023

Examples of "except"-ional problems I have seen cases where something is an exception even though there is a policy or guidance specifically allowing instances for what is being cited as an exception. Portfolio segments should be monitored and managed, not get buried in exception counts. This tends to be how we treat exceptions.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Good hedging partners will pass on taking trades that generate revenue for the vendor but create more unforeseen risk.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Good hedging partners will pass on taking trades that generate revenue for the vendor but create more unforeseen risk.

Community Bank 195

Community Bank FDIC Community National 195

Abrigo

SEPTEMBER 7, 2023

Takeaway 3 Consider five examples of lender dashboards to improve workflow efficiency and monitor credit risks. Learn how to tap your data to generate management insights. They can initially set up reports to meet a specific institution’s needs and provide credit and lending dashboard examples. Explore Abrigo Connect.

Report 195

Report Lending Trends Data 195

Perficient

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands. Using generative AI for such purposes gives human resources more bandwidth to thoroughly investigate suspicious incidents.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Abrigo

SEPTEMBER 21, 2021

Emotional intelligence, or the ability to monitor and manage your own emotions as well as recognize and respond to the emotions of others, is used very frequently on the job as a loan reviewer, particularly when presenting the results of a review. “You Credit Risk Management. Credit Risk Regulation. Risk Ratings.

Video 195

Video Analysis Risk Management Training 195

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

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