BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. Rachel Adeney and Amy Fraser.

Operations 87

Operations Policies System Regulation 87

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. A number of our financial institution customers are regulated by multiple, and different, regulatory bodies. The 2021 Updates in the Architecture, Infrastructure, and Operations book. Infrastructure Management.

Regulation 71

Regulation FDIC System Software 71

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? From crypto to cannabis.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

JUNE 17, 2015

And many of the risks associated with agriculture lending are out of borrowers’ control, according to the OCC: • weather • pricing • domestic and global supply and demand changes • disease • land values • government regulations • subsidy programs and • changes in consumers’ preferences.

How To 150

How To Kansas City Lending Analysis 150

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? Keep me informed.

Resources 195

Resources Risk Management Study Strategy 195

Independent Banker

OCTOBER 1, 2022

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. How to reassure customers that their data is protected. CCPA was modeled closely after the European Union’s General Data Protection Regulation (GDPR). By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

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

South State Correspondent

APRIL 30, 2024

A hedge should have a neutral outcome regardless of how the market moves (within defined bands). FDIC regulations afford QFCs certain rights and protections that will accrue to the hedge end-user (a community bank or a community bank borrower) if the hedge provider were to fail and the FDIC becomes the receiver.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

A hedge should have a neutral outcome regardless of how the market moves (within defined bands). FDIC regulations afford QFCs certain rights and protections that will accrue to the hedge end-user (a community bank or a community bank borrower) if the hedge provider were to fail and the FDIC becomes the receiver.

Community Bank 195

Community Bank FDIC Community National 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

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. Specifically, he said this means: • The bank understands the product and the risks it carries. • Collaborate with other regulators.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

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

Abrigo

SEPTEMBER 21, 2021

In addition, Cooley says, “You have to be technically sound so that when you’re walking into these rooms and talking with loan officers, other credit analysts, as well as perhaps presenting to the board of directors, you want to be able to explain to your end consumer your thought processes and how you arrived at your conclusions.”.

Video 195

Video Analysis Risk Management Training 195

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

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. Yet maturation is low.

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. More importantly, BaaS banks will need an I.T.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

Abrigo

NOVEMBER 17, 2023

This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

JUNE 5, 2015

In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations. Stress testing is one such area where many smaller banks are feeling the weight of regulation.

Risk Management 150

Risk Management Community Bank Regulation Survey 150

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

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.

Management 195

Management Meeting Risk Management Operations 195

Abrigo

JUNE 7, 2021

A closer look at each type of risk and the interplay among them reveals why ALM is more than a report required by regulators. Asset/liability management is a process – it’s how do I put loans and investments and borrowings together,” Koch says. It’s about how to make decisions inside the bank to manage risk.

Management 195

Management Risk Management Capital Regulation 195

Abrigo

MAY 2, 2022

Confident Risk Management Begins with Sound Loan Policy A risk-based approach to loan policy can effectively improve your institution's profitability. Takeaway 1 Loan policy is the foundation of a risk-focused financial institution, and it requires regular updates and monitoring to be effective. Starting Points.

Policies 195

Policies Lending Regulation Examples 195

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. We have found a way to service that and get the regulators comfortable.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. financial institutions, the FFIEC released new guidance and a Cybersecurity Assessment Tool for institutions to self assess their risks and determine their cybersecurity maturity.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. That’s one of the biggest areas where we see friction,” he told PYMNTS.

Cards 140

Cards Apple Data Innovation 140

Gonzobanker

MARCH 22, 2023

If running the capital plan numbers indicates that growth needs to slow, banks will need new tactics to drive profitability, and a major focus will return around operating efficiencies. Enterprise Risk Management – Bankers should expect that the regulatory pendulum will swing quickly to a highly strident tone.

social media 78

social media Capital Risk Management Strategy 78

PYMNTS

JUNE 27, 2016

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. Caldera cites the example of Operation Choke Point — an initiative by the DOJ that investigates U.S.

Regulation 101

Regulation Guidelines Risk Management Operations 101

PYMNTS

OCTOBER 30, 2019

Ingo Money EVP and CPO Lisa McFarland told Karen Webster for the latest edition of the PYMNTS How To Instant Series that the conversation Ingo Money is having with potential partners, across all kinds of verticals, is not about pushing the merits of instant payments, and why organizations should be adopting them, because firms know that already.

Payments 104

Payments Risk Management Security Fraud 104

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. As Lopez explained, recent regulatory changes have shifted the responsibility of chassis management from steamship lines to chassis pool companies. Customers are always struggling with how to automate things and reduce costs.”

Industry 158

Industry Tools Regulation Management 158

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s TMS providers have great platforms, and we have a great position in risk management as it relates to FX.”. FX management today has a more prominent role in the treasury department than in the past. But it’s not just enterprise treasurers in need of solutions like these.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

APRIL 11, 2018

Machine learning may not be the first thing people think about when considering how to improve the lending business, but Merrill is more than ready to contend otherwise in an upcoming webinar with PYMNTS titled, “ How to Apply Machine Learning in your Lending Business (and Explain the Outcomes to Your Regulator).”.

Lending 100

Lending Regulation Google Risk Management 100

Insights on Business

FEBRUARY 15, 2018

Fortunately, for those financial institutions that understand how to take advantage, RegTech has ushered in a new era of optimism and transformed the path to success. New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

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

Abrigo

JANUARY 11, 2022

Takeaway 3 Some institutions use a management approach to ALM to assess risk/return trade-offs and make decisions that benefit them in the short and long term. . A second ALM goal is to manage risks. The idea of going into the marketplace and figuring out how to make more money is probably appealing to a lot of folks.

Management 195

Management Meeting Capital Strategy 195

Abrigo

NOVEMBER 13, 2023

Streamline your annual review process Which loans need them, what processes to avoid, and how to save time working with borrowers' complex credit needs. Regulators expect financial institutions to develop loan review or credit review systems tailored to their specific risks and circumstances. Profitability analysis.

Analysis 195

Analysis Lending System Survey 195