Abrigo

DECEMBER 22, 2023

In this article, lending and credit risk expert Dev Strischek of Devon Risk Advisory Group outlined the keys to construction loan success. Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. Read the buyer's guide to lending solutions.

Lending 221

Lending Risk Management Community Management 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. Digitalization brings along risks like IT security, Cybersecurity, etc. For more information.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant? .”

Regulation 108

Regulation Compliance Capital Resources 108

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

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 June, the U.K.’s

Compliance 117

Compliance Risk Management Lending Regulation 117

CFPB Monitor

NOVEMBER 10, 2020

In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.” ” The statement highlighted the financial, legal, consumer protection, and operational risks that will result from LIBOR’s expected discontinuation.

Regulation 78

Regulation FDIC New York Lending 78

PYMNTS

JUNE 18, 2020

VMware Head of Cybersecurity Strategy Tom Kellermann said that extremist groups, beyond organized crime, are known to harness alternative payments infrastructure to fundraise and for “operational purposes.” This raises the necessity of increased regulation of digital money,” he said, per the outlet.

Bitcoin 141

Bitcoin blockchain Payments Risk Management 141

Bobsguide

OCTOBER 1, 2022

Prometeia and SIX have entered into a long-term collaboration that involves Prometeia providing SIX the calculation capabilities for a product risk indicator (PRI) for securities that do not fall into the scope of PRIIPs (Packaged Retail and Insurance-based Investment Products) regulation. billion and Group net profit of CHF 73.5

Analytics 97

Analytics Risk Management Management Regulation 97

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Equiniti Eyes APIs for Risk Management. Bectran Augments Cash Application With API.

Lending 194

Lending Risk Management Fintech Community 194

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business.

Community Bank 118

Community Bank Strategy Risk Management Fintech 118

Independent Banker

JANUARY 31, 2022

Those conversations, he says, centered around whether community banks could compete against this brash group of newcomers. Fraud and risk management. By quickly ushering in a new digital reality, banks have been forced to update their fraud and risk management practices, too. Digital account opening.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Abrigo

APRIL 21, 2023

Kirby “If you do it correctly, you can shrink your scope size and look at riskier portfolios,” said Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking: lending, loan review, back-room operations, credit policy, portfolio management, and portfolio analytics.

Lending 195

Lending Risk Management Software System 195

PYMNTS

NOVEMBER 25, 2019

To that end, in France a number of media enterprises — ranging from the APIG press alliance, which represents dozens of national and regional papers, to AFP and the union of magazine editors — have filed complaints with EU regulators over copyright laws. The latter firm operates 150 hospitals and 50 senior living facilities across the U.S.

Taxes 130

Taxes Google Data Regulation 130

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Massive volumes of regulations are being developed across global financial market segments. “How is IT risk different when IT services are outsourced?

Compliance 125

Compliance Risk Management Case Study Meeting 125

Abrigo

NOVEMBER 9, 2020

Prudential regulators have made it clear that while they will adjust supervisory strategies as appropriate to emerging risks of the pandemic, examiner scrutiny will continue assessing basic principles that ensure the safety and soundness of financial institutions. Credit Risk Management. Lending & Credit Risk.

System 195

System Lending Software Risk Management 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.

Regulation 70

Regulation Compliance Analytics System 70

CFPB Monitor

NOVEMBER 22, 2022

In particular, the report’s recommendations deserve attention because they are likely to influence future actions by the federal banking regulators and the CFPB. (The The report is also worthwhile reading for its discussion of the role of fintechs and other non-banks in providing consumer financial services and how that role has evolved.).

Fintech 78

Fintech Report Data Lending 78

PYMNTS

MARCH 20, 2020

But Michael Ellis, head of commercial at Equiniti Group’s EQ Riskfactor , said the market is also quickly discovering that lenders themselves can benefit from unlocking data to improve SMB financing operations, and the U.K.’s “Regulation around open banking has certainly been of great benefit to businesses in the U.K.,

Lending 233

Lending Data User Experience Fraud 233

Insights on Business

APRIL 29, 2019

As technology like IoT and AI continue to revolutionize the automotive industry, cyberattacks, natural disasters, changes in industry regulations, supply chain disruption, and product recalls all are just a small sample of the catalog of risks that can negatively impact an automotive company’s reputation, and affect its bottom line.

Technology 79

Technology Risk Management System Management 79

PYMNTS

OCTOBER 5, 2018

Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. Supreme Court for the spread of sports gambling if a particular state wants it.

New Jersey 148

New Jersey Payments Online Cards 148

Insights on Business

FEBRUARY 6, 2018

Banks around the world are continuing to be penalized heavily for their inability to meet with ever-changing and complex financial regulations. For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non compliance, the highest ever civil penalty in corporate Australian history.

Compliance 87

Compliance Analytics Boston Regulation 87

Gonzobanker

JANUARY 4, 2023

Rather than lines of business being chapters in a technology plan, technology is a piece of the strategic plan that can encompass multiple business groups. Technology is at the center of it, and the IT group is a major enabler and player. The CIO is in the middle of these plans, but very likely is not leading them. digital banking).

Technology 78

Technology System Software Groups 78

PYMNTS

JUNE 27, 2016

Their motivations range from stealing money for themselves or laundering funds for terrorist groups and other criminal organizations, he explains. As a result, he says, regulators are on “high alert” and can impose harsh penalties when financial institutions don’t follow proper risk management strategies.

Regulation 101

Regulation Guidelines Risk Management Operations 101

Abrigo

MAY 8, 2015

There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations. He commented that regulations are likely to generate at least somewhat of a burden, but many provide public benefits that offset any burden imposed on community banks.

Community Bank 150

Community Bank Community How To Meeting 150

Insights on Business

NOVEMBER 20, 2018

In many cases, one of the most significant operational risks organizations face today doesn’t come from fraudsters or cybercriminals—it comes from their own employees. While the 2008 foreclosure crisis highlighted conduct risk issues, the problem didn’t end there. Watch the video. Compliance and customer trust.

Analytics 79

Analytics Compliance Risk Management social media 79

BankUnderground

JUNE 25, 2020

Broadly, the Bank of England receives two main types of quantitative data from regulated firms. Second, and separately, regulators also have access to more granular data on specific types of financial agreements and transactions. Central banking is also becoming more data intensive. This has been driven by three factors.

Data 111

Data Big Data Regulation Risk Management 111

PYMNTS

JUNE 29, 2016

According to reports, Shawbrook Group Chief Financial Officer Tom Wood announced his resignation as the bank revealed plans to book an impairment charge of about $12 million as a result of the breach in the second quarter. having launched in 2011 as the industry and regulators look to increase competition in the sector.

Lending 100

Lending Risk Management Meeting National 100

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. President’s Working Group on Financial Markets, which delineated perceived risks associated with the increased use of stablecoins and highlighted three concerns: risks to rules governing anti-money laundering (“AML”) compliance, risks to market integrity, and general prudential risks.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

Gonzobanker

DECEMBER 14, 2023

and Summit Financial Group, Inc. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. The Lifelong Learning Award – goes to NCUA board member Rodney Hood for enrolling in a Wharton graduate program on fintech to be a more informed and effective regulator.

Fintech 194

Fintech Community Regional Technology 194

Fintech Labs Insights

MAY 18, 2016

In the case of Scalable Capital, what’s new and noteworthy about their effort to make investing easier is its proprietary risk management technology. Give average investors the same level of risk management as wealthier investors and watch the investment returns for individual investors improve. Stefan Mittnik.

Risk Management 20

Risk Management Capital Management Retail 20

Insights on Business

JUNE 19, 2019

Our ability to use multiple strategies to help improve accuracy and operations can mean financial institutions have a reduced number of false positives they need to deal with, as well as respond to fraud and insider trading threats in real time. Your trusted partner in risk and compliance. But technology is only half the story.

Innovation 116

Innovation Compliance Fraud Strategy 116

Independent Banker

MAY 31, 2022

“We have absolutely seen a rise in fraud of all types in recent months and years,” says Scottie Luke, senior vice president and chief risk officer for the community bank’s risk management department. The fraudsters are more knowledgeable of the processes, and, therefore, their schemes are harder to detect.

Community Bank 134

Community Bank Community Fraud Texas 134

Insights on Business

FEBRUARY 15, 2018

Financial institutions are under pressure to rethink, restructure, and retool their risk and compliance functions to operate in an environment of constant regulatory change and zero tolerance for non-compliant, non-conforming, and illegal business practices. Continental AG – BPM for OpenPages Round Table (2677A).

Las Vegas 87

Las Vegas Compliance NV Meeting 87

FICO

SEPTEMBER 7, 2022

With a cost-of-living crisis and soaring energy costs across Europe and other countries, it's important to re-evaluate debt collections and customer risk management strategies. IFRS9, Collections Strategy, Delinquency and Risk. More importantly, the gap between low-income and high-income groups has widened — and is increasing.

Strategy 52

Strategy Risk Management Management Operations 52

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Welcome to the ‘Scampocalypse’. People stayed (and worked) at home. TJ holds a B.S.

Fraud 52

Fraud Trends South Carolina Risk Management 52

Gonzobanker

NOVEMBER 1, 2016

Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Regulators, meanwhile, have historically not given such specific direction and with such a prescriptive approach as they’ve done with the CAT. (Not that I’ve ever done that, mind you. It was the soccer field.)

Risk Management 60

Risk Management Security Management Tools 60