Abrigo

DECEMBER 19, 2022

Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant. But in between training activities, financial institutions can help keep AML and fraud staff up to speed on the latest trends by sharing AML/CFT and fraud resources with them. Keep me informed. Read the case study.

Resources 195

Resources Training Fraud Compliance 195

Perficient

FEBRUARY 26, 2021

However, developing an accessible site is the right thing to do to ensure all users can access the necessary information and make purchases to stay healthy and safe. For more information, check out WebAim’s Keyboard Guide. There is a graph with a lot of important information. Helpful Scenarios. Scenario 1: Medical Restrictions.

Online 420

Online Study Guidelines Customer Experience 420

Abrigo

MARCH 21, 2024

A thorough understanding of the to-be-acquired credit union’s enterprise value guides credit unions in making well-informed merger decisions. This in-depth due diligence uncovers critical information and potential red flags and clearly indicates fair value before entering into a transaction. Negotiation power. Stay compliant.

Lending 221

Lending Analysis Exercises Risk Management 221

Abrigo

JANUARY 6, 2023

Some walker services are quite organized, requiring advanced reservations and keeping tight schedules for their “walks.”. Keep me informed. Tellers should always validate the beneficiary account information with the person making the deposit. Be ready for AMLA-related changes. This checklist can help.

Fraud 195

Fraud Regulation Training Operations 195

Abrigo

FEBRUARY 10, 2023

register now Takeaway 1 The Corporate Transparency Act mandates the creation of a public database for obtaining and holding beneficial ownership information. Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Takeaway 3 Set the tone at the top.

Fraud 195

Fraud Training Regulation Compliance 195

Abrigo

MARCH 30, 2023

Takeaway 3 Stay informed on various trends and practices to prevent clients and peers from becoming victims of P2P fraud. A treasure trove of personal identification information can be gleaned from public sources or the dark web. Some banks are very cooperative in providing information when requested.

Fraud 195

Fraud Trends Payments Cards 195

Abrigo

JULY 10, 2023

Takeaway 3 Inform your customers of the latest AI fraud trends and give them best practices to avoid it. Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online. Keeping these specific can help prevent fraud.

Fraud 150

Fraud How To social media Security 150

Abrigo

DECEMBER 22, 2023

Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. keep me informed download How to create a sound credit risk rating system Banks and credit unions often use a standardized risk rating system for internal monitoring of credit risk.

Lending 221

Lending Risk Management Community Management 221

Abrigo

AUGUST 7, 2023

Here are several tips for keeping your AML program running smoothly when staffing needs arise. Create a business continuity plan A business continuity plan is a document or procedure that details the necessary information an institution or organization needs to continue operating during an unplanned event. We have your back.

Training 195

Training Fraud Leadership Resources 195

Abrigo

APRIL 1, 2022

Keep me informed. Data and Information Four weeks into Q2 of 2022, institutions should ideally have selected a consultant or solution , identified gaps in their data, and determined a need for peer or external information. keep me informed. Download a CECL implementation plan built for success.

Data 195

Data Analysis Strategy Resources 195

Abrigo

JANUARY 24, 2024

Acquisition process Navigating the FDIC bid process The FDIC bid process relies heavily on off-site due diligence, which involves leveraging virtual data rooms to share crucial information like loan portfolio tapes and other data. Outsourcing some or all of the ALM model or getting help with monthly ALM reporting can ease the burden.

FDIC 195

FDIC Regulation Strategy Data 195

Abrigo

OCTOBER 18, 2022

Rather than utilizing multiple lines of communication or a spreadsheet system for keeping track of updates, construction loan software creates one hub for storing documents, photos, signatures, and approvals. keep me informed. Stay up to date on credit risk. Watch Webinar. Whitepaper. Construction Lending. Learn More.

Software 195

Software Lending System Management 195

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. That’s where regtech for banks can help.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. That’s where regtech for banks can help.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JANUARY 3, 2024

New BOI requirements and how financial institutions can comply Here's what FinCEN's recent final rule for beneficial ownership information (BOI) reporting says and how anti-money laundering (AML) programs will access BOI information. It also creates safeguards to ensure that the information is protected. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

DECEMBER 5, 2023

Ethical Integrity: Handling sensitive information requires the highest integrity and ethical standards. A BSA Officer should be adaptable and committed to ongoing education to keep pace with new regulations, trends, and compliance challenges. Speaking with auditors and examiners with explicit knowledge and understanding is critical.

Training 221

Training Compliance Regulation Software 221

Abrigo

DECEMBER 4, 2020

The first rule in the NPR is the Recordkeeping Rule , which requires financial institutions to collect and retain information on certain funds transfers and transmittals. There is belief that the burden of requiring information collection and retention for these transactions in not significant. keep me informed.

Regulation 195

Regulation Lending Taxes Data 195

Abrigo

SEPTEMBER 28, 2022

In addition, automatic notifications decrease the number of emails and phone calls needed to keep up with a loan, freeing up more time for borrowers to complete other tasks. Real-time reporting, automatic alerts, and detailed audit trails keep financial institutions better informed and protected than the manual spreadsheet-based process.

Lending 195

Lending Software Risk Management Management 195

SWBC's LenderHub

SEPTEMBER 30, 2021

Data weaves the story that allows me to keep my pulse on the market and make informed business decisions. When it comes to understanding the auto lending industry, I’m a numbers guy. One of my go-to resources is CU Data’s quarterly statistics and trends report.

Trends 78

Trends Industry Resources Lending 78

Abrigo

OCTOBER 10, 2023

Perhaps they have a neighbor who only checks the mailbox once a month, leaving envelopes containing checks and other personal information unguarded. Phrases a person rationalizing fraud might say include: “They mistreated me first!" How did this person get your contact information? They won’t even notice it's gone.”

Fraud 195

Fraud How To Training Trends 195

Perficient

FEBRUARY 8, 2021

Okay, that’s great information, but what should I do? Hear me out. What I will say is whatever you decide, always make sure to put your core customers’ best interests first, as they are the ones that keep the lights on. So, I know what you’re going to ask. Well, to answer that: You could create your own marketplace.

Strategy 539

Strategy Maine Software Trends 539

Perficient

JUNE 30, 2020

Before we get to that, let me remind you what a Cycle Count is. In cases of a discrepancy in the count, a supervisor must review the information and approve the changes. Instead, the worker is going to inform the system where they are and what they are counting. Opportunistic Counts validate the information captured.

How To 371

How To System Management Operations 371

Abrigo

MAY 19, 2023

Responsibilities may include assigning initial credit grades, ensuring grade changes are made when needed, or compiling the information necessary to assess the appropriateness of the ALLL. Learn more helpful information in this on-demand webinar, "Create and maintain a successful loan review function."

System 195

System Regulation How To Lending 195

Abrigo

OCTOBER 18, 2022

Construction draw software allows lenders to keep draw documents in one place where all parties can see the material that has been submitted or requested. Developers, inspectors, and borrowers can all submit draw request information to the lender securely and instantly from anywhere, even from the construction site. keep me informed.

Software 195

Software How To Lending Management 195

Abrigo

SEPTEMBER 21, 2022

Years ago, lenders used spreadsheets and manually entered calculations in order to keep up with the complex and tedious details of each and every construction loan they managed. Automated inspections also accelerate the draw approval process by instantly providing bankers with the information they need to fund a draw request quickly.

Risk Management 195

Risk Management Software Management Lending 195

Abrigo

DECEMBER 27, 2022

Ransomware is a form of malware targeting both human and technical weaknesses to access critical data and extort money in exchange for not sharing proprietary information. If the victim responds to the email or clicks on an embedded link, confidential account information could be leaked, or malware could infiltrate your company network.

Fraud 195

Fraud Trends cryptocurrency Software 195

Abrigo

SEPTEMBER 7, 2023

WATCH NOW Takeaway 1 Financial institutions create a competitive advantage when they are informed about critical factors affecting loan growth. Natural language search capabilities powered by AI and GPT-3 help bankers find the information they need by using the words they speak every day. Explore Abrigo Connect. and by loan officer.

Report 195

Report Lending Trends Data 195

Abrigo

SEPTEMBER 29, 2022

Construction loan software is a type of software that banks or other financial institutions use to manage their loans and keep track of all documents and transactions. Construction loan management software can help keep a financial institution organized, streamlined, and prepared for anything, including audits. keep me informed.

Software 195

Software Lending Management Strategy 195

Abrigo

FEBRUARY 10, 2022

Takeaway 3 Proposed changes will further define beneficial ownership and outline procedures for disclosing information. The proposed rule makes new distinctions regarding who must file a BOI report, what information must be reported, and when a report is due. Keep Me Informed. Need to Know. Future Changes.

Training 195

Training Regulation Report Compliance 195

Abrigo

MAY 19, 2023

Keep in mind that the junior reviewer pool has been shallow because banks have generally preferred to recruit more experienced loan reviewers from other banks rather than try to build a junior layer to give senior loan reviewers more time to work on more challenging credit exposures.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

MARCH 4, 2020

Here are the top 6 things to consider if CRBs fit in your institution's risk profile: KNOW THE LAW Keep up to date with all federal and state laws surrounding cannabis, both marijuana and hemp, for states that your financial institution does business in as well as those states bordering your footprint. yes, can you help me? learn more.

Resources 195

Resources Policies Regulation Taxes 195

PYMNTS

JULY 7, 2019

A new report has found that Google is still keeping a record of a user’s purchase history indefinitely. If you have a receipt from Macy’s, Google keeps it. Still, Haselton decided to delete everything in his Gmail inbox — more than a decade of information. Google continues to show me purchases I’ve made recently, too.

Google 131

Google Report Data 131

Abrigo

FEBRUARY 28, 2023

Smishing uses social engineering to get personal information via text messaging. Be cautious with clickbait: If a sender tries to get you to reply to a text with information, click on a link, or call a number, it could be a scam. Be sure to only send banking information through secured and verified means.

Fraud 195

Fraud How To Training Trends 195

Abrigo

FEBRUARY 25, 2022

Takeaway 3 Keep an eye on updates to changing markets, including cannabis and antiquit ies trading . clarifying the circumstances under which financial institutions can share information under Section 314(b) of the USA Patriot Act. Takeaway 1 Now is the time to create a project plan for future BSA/AML regulatory guidance .

Regulation 195

Regulation Policies Compliance Washington 195

Abrigo

APRIL 12, 2023

Keep me informed Download a whitepaper Blog Lending & Credit Risk Loan Review and Due Diligence Credit review systems: Does yours make the grade? well, I have others.”

System 195

System Lending Risk Management Management 195

Abrigo

AUGUST 31, 2023

Informing clients that KYC practices are in place for their protection can help alleviate the tension. KYC questions may provoke skepticism or confusion, but assurance that disclosing the required information is in the client’s best interest often eases concerns. Miss” and thus alienating nonbinary customers.

Compliance 195

Compliance Community Training System 195

Abrigo

OCTOBER 16, 2023

As a Bank Secrecy Act (BSA) Officer, navigating Anti-Money Laundering (AML) concerns has exposed me to the intricacies of safeguarding these institutions. De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities.

Training 221

Training Compliance Fraud Policies 221