Perficient

MAY 5, 2022

While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

Lending 354

Lending Strategy Marketing Big Data 354

Abrigo

AUGUST 2, 2023

Takeaway 3 Financial institution management can focus on mitigating risk and understanding portfolio dynamics when the analysis is streamlined. This article outlines a structured approach to ensuring management can confidently answer inquiries about the health of their CRE segments and related credit performance.

Report 195

Report Risk Management Lending Analysis 195

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

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.

Report 195

Report Risk Management Capital Data 195

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

Abrigo

JANUARY 17, 2023

Automating SMB and commercial lending elevates your customer's experience From making it easier to apply to speeding up loan closings, automation can helps make business lending customers and staff happier. APIs and digital doc prep ease the workload on your SMB and commercial lending staff, too. . Digital lending.

Lending 195

Lending System Customer Experience Case Study 195

Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending.

Lending 195

Lending Community Bank Community Analysis 195

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting. Model governance overview.

Risk Management 195

Risk Management Management Regulation Analysis 195

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

Regulation 158

Regulation Groups Operations Lending 158

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. in Information Technology Management from the University of Virginia, according to Santander. Giancarlo Marchesi was named head of Consumer Lending, a new role at Santander.

Lending 160

Lending New York Virginia Boston 160

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. It seems there is no end to the bizarre events being reported from the pandemic to wildfires and murder hornets. 5 Things Regulators Will Look For In Your Next Exam. Lending & Credit Risk. SBA Lending.

Regulation 195

Regulation Fraud Compliance Lending 195

PYMNTS

JANUARY 11, 2021

Ant Group , Tencent and JD.com are facing a crackdown by Beijing over concerns of over-lending to consumers through their platforms, a major cash cow for the Chinese tech giants. They have heavily relied on Ant’s data to underwrite loans and manage risks,” one senior regulator told Reuters.

Lending 132

Lending Regulation Data Groups 132

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

Lending 78

Lending Community Bank Community Strategy 78

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Here are several types of reports that provide vital information. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities.

Compliance 195

Compliance Fraud Report Trends 195

PYMNTS

JULY 31, 2018

The P2P lending market is big business in the U.K. Peer-to-Peer Finance Association (P2PFA), a self-regulating P2P industry group that includes most of the biggest names in U.K. marketplace lending, the country’s P2P lending industry had hit £9 billion in loan originations from the group’s members as of Q1 2018.

Lending 100

Lending Regulation Industry Report 100

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. Macy’s closing 125 stores signals ‘more pain’ for retailers,” ABC News reported Feb.

Lending 195

Lending Trends FDIC Survey 195

Abrigo

APRIL 12, 2023

The initial credit grade may change as it moves through the approval process, but many organizations hold the account officer, relationship manager, or the lender responsible for the initial rating. Reviews may be performed by peers, superiors, loan committee(s), or other internal or external credit review specialists. well, I have others.”

System 195

System Lending Risk Management Management 195

Abrigo

NOVEMBER 2, 2022

Draws are often requested via email or phone and managed manually on a spreadsheet, and user errors or miscommunications can lead to overfunded or underfunded clients. And reporting means aggregating spreadsheets by hand. And reporting means aggregating spreadsheets by hand.

Software 195

Software Lending Training Mobile 195

Abrigo

DECEMBER 31, 2019

The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. They’ve also focused on growing loans while managing risk. Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year.

Lending 150

Lending Community Bank Software System 150

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Cyber Due Diligence. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Lending Fraud 150

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Alternative Lending. That, experts say, would be a massive headache for these players. MarketInvoice.

Lending 100

Lending Regulation Big Data Risk Management 100

Abrigo

MAY 19, 2023

The policy generally addresses the following items: Qualifications of loan review personnel Independence of loan review personnel Frequency of reviews Scope of reviews Depth of reviews Review of findings and follow-up Workpaper and report distribution.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased.

Risk Management 150

Risk Management Management Security Lending 150

Abrigo

DECEMBER 14, 2023

In a banking landscape that is constantly changing with new regulations, increasing competition, and other new challenges, it is critical to maximize your strategic plan's effectiveness. Learn how to tap your data to generate management insights. Every stakeholder should be on board. Explore Abrigo Connect.

Lending 221

Lending Risk Management Meeting Survey 221

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Reduce exceptions : Too many credit exceptions can lead to confusion and inefficiency.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. Takeaway 3 Reporting on the results of targeted loan reviews will be more detailed than reporting on results related to continuous reviews.

Lending 195

Lending Risk Management Software System 195

Abrigo

MAY 30, 2023

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. 1, 2024, and report for the first time by June 1, 2025. But compliance deadlines are tiered.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

MAY 15, 2020

Manage PPP loans through forgiveness. Customer due diligence (CDD) steps that should be taken by the lending institution includes: If the loan is being made to an existing customer and the Customer Identification Program (CIP) information was previously verified, there is no need to re-verify the information. Lending & Credit Risk.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

JANUARY 11, 2022

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. .

Management 195

Management Meeting Capital Strategy 195

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

Capital 109

Capital Lending Regulation Operations 109

South State Correspondent

MAY 9, 2023

The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely. After the recent bank failures, the FDIC will soon publish a report detailing how they plan to replenish their fund. economy needs.

FDIC 195

FDIC Regulation Capital Management 195

CFPB Monitor

NOVEMBER 21, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022. Consumer reporting.

Report 78

Report Cards Lending Management 78

PYMNTS

AUGUST 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. The Financial Times and Sky News reported in February that the online bank was in the works and would focus largely on savings and lending services, but Sky News added more details with the latest report.

Report 173

Report Digital Banking Lending Technology 173

Abrigo

NOVEMBER 16, 2016

Bank regulators for many quarters have expressed concern about easing underwriting standards in commercial real estate lending, especially as examiners have noticed increased concentrations of CRE loans in financial institutions’ portfolios. 17 at 2 p.m.

Lending 150

Lending Survey Risk Management Regulation 150

PYMNTS

AUGUST 6, 2018

Australian money managers are finding an opportunity in enterprise and small business lending as regulators crack down on the country’s traditional banking industry. Reports in Bloomberg Friday (Aug. Reports in Bloomberg Friday (Aug. Regulators are putting pressure on the banks,” he said.

Management 100

Management Lending Regulation Industry 100

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations.

Data 195

Data Lending Compliance Resources 195