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The top lending & credit risk blogs of the year

Abrigo

As 2023 winds down, community banks and credit unions have worked hard to attract new customers and members and retain existing ones by streamlining processes and improving the end-user experience. They’ve also focused on managing interest rate risk in a rising rate environment.

Lending 221
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How Opening Bank Data Can Transform SMB Lending

PYMNTS

with open banking now more than 2 years old, the financial services industry has discovered that unlocking data can have a significant impact on the satisfaction of SMB borrowers, even facilitating easier bank switching for SMBs in search of a better user experience. In the U.K.,

Lending 233
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Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

“So it’s important for industry to support them aligned with the obligations they face under the Bank Secrecy Act,” he said. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270
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Reimagining the first line of defense with next-gen GRC

Insights on Business

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

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Innovating in the open: How the changing GRC landscape inspired IBM GRC’s latest releases in 2018

Insights on Business

Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. Stories of improper conduct, and new regulations on data protection and privacy such as GDPR, continued to dominate the business headlines, moving from water-cooler conversation to “what about us?”

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To Improve Treasury Tech, Target The Developers

PYMNTS

The financial services industry’s sudden support for application programming interfaces (APIs) has people talking about the power of data sharing. Certainly regulations like PSD2 and the U.K.’s I think financial institutions have been better at this than other industries in the past,” Remlinger recently told PYMNTS.

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A Guide to Fortify Your Institution Against Senior-Level Embezzlement Risks

Perficient

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?