Abrigo

DECEMBER 29, 2023

Takeaway 2 Readers in 2023 were most interested in learning how the 1071 rule will impact banks and credit unions and about how automation improves processes. Takeaway 3 Insights related to risk rating processes, ag lending, and signs of contractor failure were also popular.

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Resources Lending Risk Management Policies 221

PYMNTS

MARCH 6, 2020

But for financial institutions (FIs), some of which have been around for decades, understanding how to take the first steps in the digitization process can be an overwhelming task. That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts.

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Community Bank Community How To Lending 173

South State Correspondent

APRIL 24, 2023

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. Tell it to text your customers as one of its goals, and it will sign up for a messaging app and send out a text.

social media 195

social media Data Marketing Technology 195

Gonzobanker

MARCH 7, 2024

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The experience felt akin to entering a mosh pit but instead of musicians, you are in it with bankers and entrepreneurs and there are chairs. He likened it to regression testing.

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Las Vegas Fintech Conference San Francisco 156

Abrigo

DECEMBER 28, 2023

Takeaway 2 Readers in 2023 were most interested in getting information about preparing for exams, learning about stress testing, and seeing how peers manage loan review. Here are Abrigo’s top banker resources related to managing ALM and portfolio risks: Click the header next to each number to visit the corresponding top banking risk resource.

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Resources Risk Management eBook Strategy 221

PYMNTS

SEPTEMBER 24, 2020

Small- to medium-sized businesses (SMBs) are reporting difficulty with the forgiveness aspect of the Paycheck Protection Program (PPP) as that feature opens up, according to CNBC. Trade groups have asked Congress for legislation to simplify the forgiveness process for loans under $150,000, which make up the majority.

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Guidelines Policies Report Groups 137

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

Customer Experience 195

Customer Experience Training Strategy social media 195

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

Customer Experience 195

Customer Experience Training Strategy social media 195

South State Correspondent

OCTOBER 28, 2022

Most of the conversations at the conferences were around how to architect, execute, and attract/retain the required talent to pull these solutions off. Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Small Idea – It’s Our Kid’s Technology. cyber, infrastructure, and regulation.

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Conference Technology Las Vegas Trends 195

Independent Banker

JULY 31, 2022

How can they counteract these effects and maximize financial efficiency? Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. Illustration by Jill DeHaan. By Elizabeth Judd.

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Strategy Community Bank Louisville Community 135

Gonzobanker

DECEMBER 14, 2023

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

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Fintech Community Regional Technology 195

Abrigo

DECEMBER 22, 2023

Why banking technology makes sense – recession or not Seventy percent of leaders from banks, credit unions, and fintechs in late 2022 planned to increase their tech spending in 2023, according to a survey by American Banker parent Arizent. Abrigo's blog covered these and other subjects in 35 credit and lending-specific posts this year.

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Lending Risk Management Community Management 221

Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? Complimentary AML info.

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Resources Training Fraud Compliance 195

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Fintechs know how to reach and work with the community. By Katie Kuehner-Hebert. Their ability to market and add banking functionality … is a natural fit.”.

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Fintech Marketing Community Bank Community 136

Independent Banker

JUNE 30, 2022

Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate. If you’ve carved a niche in a sector that is struggling, be sure you’re alert to the warning signs. “We By Judith Sears.

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Management Community Bank Community Regulation 103

South State Correspondent

MAY 2, 2022

As a result, bankers love the idea of a sales funnel – put enough prospects at the top of the funnel, and a certain number of customers will fall out the bottom. Here is a fun exercise – Ask a bank product team, “How do you grow customers?” Most banks think in terms of linear growth. Add more resources, and you get more customers.

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social media Management Marketing Resources 195

Abrigo

SEPTEMBER 28, 2022

You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 3 Manage construction loan risk better with more accurate and up-to-date data. How do I get rid of my construction loan spreadsheet? Construction loan spreadsheets are slowing you down. Leveraging software to work smarter.

Lending 195

Lending Software Risk Management Management 195

Abrigo

APRIL 19, 2022

Learn how to analyze and approve loans more quickly. Loan application software can speed up the process by creating a digital experience that makes document management and processing easier. Lending and Credit Software. Leveraging software to gain efficiency. Learn more.

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Lending Software Management Handbook 195

Abrigo

DECEMBER 22, 2023

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. This blog covers the ramifications of the legislation and tips for bankers looking to explore the marijuana-related business space. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

OCTOBER 21, 2015

That call [Ask the Fed] is designed for bankers and we already have received lots of good questions from many of you,” the Fed said in its notification. Sign up for the FedPerspectives session here. To learn more about CECL, download the whitepaper, “ FASB’s CECL: How to Prepare Now.”. 30 from 1 p.m. to 2:30 p.m.

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Regulation How To 150

South State Correspondent

MAY 31, 2023

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. Despite that increase in profitability, banks need to be mindful of how they manage their branch and customer base to increase profitability further.

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Data Branch Strategies Strategy Mobile 195

Abrigo

OCTOBER 2, 2015

A central difference between the existing incurred-loss model for estimating credit losses and the FASB’s proposal utilizing a current expected credit loss , or CECL, model is that financial institutions will need to estimate how much money they will lose on loans throughout the life of the loans. This question is a major one for U.S.

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How To Risk Management Analysis Management 150

South State Correspondent

JUNE 22, 2022

In this article, we explore the Innovation Matrix and how to use it to better drive your bank’s efforts. Many banks don’t think in terms of innovation and are not set up for innovation. Every bank, no matter the size, should think and train bankers on where, and how to look for improvements. Framing Innovation.

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Innovation Meeting Apple Maine 195

Abrigo

AUGUST 28, 2022

Develop better ag lending workflows before demand picks up. Efficient and profitable ag lending will be critical as ag loan demand and competition pick up. Forty-one percent use a tablet computer like an iPad that has mobile access to the Internet, up from 19% when the question was first asked in 2014. Efficient processes.

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Lending Analysis System Data 195

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. OK, show of hands. Pull ’em down. Nobody did.

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Community Fintech Industry Innovation 216

PYMNTS

JANUARY 25, 2021

The good news, Speight said, is the second round looks like it will be a much smoother process, as SMBs and bankers know what they’re doing and are better able to position themselves even as they sail into a future that remains uncertain in key spaces. Congress has allotted $284.5 Practice Makes Perfect.

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Los Angeles Georgia Atlanta New York 256

Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Download this infographic to see how construction loan management compares using a spreadsheet-based systems and a software solution. Learn where to find opportunities for improvement.

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Lending Software System Taxes 221

Abrigo

MARCH 21, 2023

With signs continuing to point toward additional rate hikes, albeit smaller, many financial institutions are uncertain how they can and should manage their balance sheets to effectively combat interest rate risk both in the present moment and to come in 2023 and beyond. You might also like this video on managing interest rate risk.

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Risk Management Management Strategy Lending 195

Abrigo

APRIL 23, 2020

During a webinar hosted by Abrigo, Walter Lara-Figueroa, a Lender Relations Specialist from the North Carolina District Office of the SBA, said lenders should plan to book loans very soon after President Donald Trump signs the bill approving new funding. My best estimate is that if he signs today, it will be available the next day,” he said.

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Lending Los Angeles North Carolina Community 221

Alex Jimenez

NOVEMBER 4, 2023

Money 20/20 USA has become the biggest FinTech gathering in the US. This year the conference did not disappoint, although, in many regards, it felt quite different from previous years. Observations As I mentioned, the show felt quite different from last year, which was the first full-attendance in-person session following the COVID-19 shutdown.

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Conference Meeting Trends Fintech 84

South State Correspondent

MAY 18, 2022

Ask almost any community banker, and they will tell you their value proposition around their bank revolves around service. They are local, they are close to the customer, and they have limited bureaucracy are all factors that get brought up as to why the bank can deliver on its promise. The Need To Improve Customer Problem Resolution.

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social media Training Customer Experience Community Bank 195

PYMNTS

APRIL 17, 2020

The Paycheck Protection Program (PPP) is a $350 billion segment of a $2 trillion federal stimulus package signed into law under the CARES Act earlier this month. On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic.

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Community Bank Community Maine Georgia 149

Independent Banker

NOVEMBER 30, 2022

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. You have a bank that was born out of COVID and could have gone the other direction but ended up thriving.”. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank. Assets: $237.6 Location: Las Vegas, Nev. A natural fit.

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Las Vegas Community Bank Community Wisconsin 129

Abrigo

JUNE 13, 2022

The NCOA estimates the cost of elder financial abuse to older Americans to be up to $36.5 billion annually. A recent American Bankers Association Foundation (ABA) research study found that older Americans hold 65% of the deposited wealth in the United States. How can your financial instiution prevent elder financial exploitation?

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Fraud Training United States Survey 195

Abrigo

DECEMBER 2, 2021

Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Two years ago, more bankers surveyed for that report named core deposit growth as their greatest challenge than any other issue. Beef up your loan pricing strategy.

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Conference San Antonio Lending Fraud 195

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. And how did community banks and credit unions respond to the COVID craziness? Even George Bailey would have given you the thumbs up. “I learned a long time ago that reality was much weirder than anyone’s imagination.”

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Idaho Community Industry Strategy 181

Independent Banker

FEBRUARY 28, 2023

It happens every time they open a checking account, apply for a mortgage, make a direct deposit, log into a bank’s website or chat with a banker, and more. Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. We can take that data and we can reach that person online,” Catalano says. “If

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Community Bank Community Marketing Data 129