PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. The rest will go toward developing partnerships with governments and regulators “to raise the bar” when it comes to modern, unbiased lending.

Lending 345

Lending Software Compliance System 345

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam. SBA Lending.

Regulation 195

Regulation Fraud Compliance Lending 195

TheGuardian

NOVEMBER 30, 2022

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but that the system should be able to absorb the impact.

Lending 86

Lending Regulation Regional Industry 86

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. Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year. Popular articles about credit, lending. Top blog posts reflect bank, CU priorities.

Lending 150

Lending Community Bank Software System 150

PYMNTS

MAY 25, 2018

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a leader in financial inclusion. To ensure that lenders are fair to their customers, the country’s finance ministry has drafted a financial regulation bill that includes digital lenders.

Regulation 101

Regulation Lending Mobile Course 101

Abrigo

NOVEMBER 15, 2019

Key Takeaways Effective credit risk review promotes lending agility. Many of the objectives of a credit risk review system support business goals. Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. Identify problem loans early. learn more.

System 150

System Lending Compliance Risk Management 150

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

PYMNTS

DECEMBER 4, 2019

Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec. The regulators added that agencies choosing to tap into alternative data should do so judiciously.

Regulation 136

Regulation social media Study Data 136

Chris Skinner

SEPTEMBER 12, 2018

One other thing struck me as the discussions fired away in Shanghai at Lang Di … is China going to haemorrhage and bring down the world’s financial systems … or is that just what the Western media would like us to think?

Lending 310

Lending US System Case Study 310

PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. The agency regulates, supervises and charters national banks and is an independent bureau within the Treasury.

Lending 100

Lending Regulation Conference Study 100

Abrigo

AUGUST 19, 2020

How can your transaction monitoring system detect trending COVID-19 related fraud? Whether or not your monitoring system includes a separate fraud suite, your anti-money laundering (AML) system has always detected fraud, either in the form of elder financial exploitation or other fraud typologies. Lending & Credit Risk.

Fraud 195

Fraud System Trends Software 195

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

PYMNTS

DECEMBER 2, 2020

Are federal regulations putting a damper on bank lending amid the pandemic-driven downturn, or are bankers simply being too cautious? Banks are required by regulators to maintain specified levels of capital and liquidity to ensure that they are prepared for a financial market shock or an economic downturn. Those cushions?.?are

Lending 150

Lending Capital Regulation System 150

Abrigo

MAY 19, 2023

Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general. Let’s move on to another element of credit review systems—loan reviewer training. But what if the minimum expectations are set so high that it discourages wannabe loan reviewers?

Training 195

Training Lending Risk Management Guidelines 195

PYMNTS

DECEMBER 23, 2019

The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the allowable exposure of a lender to all of its borrowers should not go over Rs 50 lakh ($70,000) at any time on a peer-to-peer (P2P) platform, according to a report by Business Insider. “On

Lending 132

Lending Guidelines System ATM 132

PYMNTS

JUNE 10, 2019

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space. Some regulators aimed to mitigate that impact.

Lending 100

Lending Capital Regulation Survey 100

PYMNTS

APRIL 5, 2020

Financial regulators have made $500 billion in capital available for lenders around the world , which gives lenders the freedom for another $5 trillion of loans around the world to go toward cushioning the blow the coronavirus has dealt to the world’s economy. In the U.S., unemployment has soared to record highs.

Capital 150

Capital Lending Regulation Study 150

PYMNTS

FEBRUARY 14, 2019

A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. Alexander said the regulation would not only simplify the student loan system, but protect borrowers. In November, student loan debt in the U.S.

System 140

System Regulation Analysis Policies 140

PYMNTS

FEBRUARY 25, 2019

The panel, which traces its genesis back two years, is comprised of two groups, focused separately on lending and payments, and is in turn part of CSBS Vision 2020. “As We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

Regulation 147

Regulation Fintech Community Bank Community 147

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. Many people living paycheck to paycheck already make more than median income.”.

Puerto Rico 134

Puerto Rico Regulation New York South Dakota 134

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

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. WATCH Takeaway 1 Continuous monitoring for loan review helps create and support a system for independent credit risk review.

Lending 195

Lending Risk Management Software System 195

PYMNTS

SEPTEMBER 18, 2019

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. The company is able to offer low rates because it uses its own credit scoring system that utilizes alternative data.

Lending 140

Lending Fintech Capital System 140

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

Abrigo

MAY 15, 2020

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. Member Business Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

MARCH 19, 2019

The country’s regulators have gotten tough on the shadow banking market in recent years. However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. China’s $9.1 As a result, outstanding loans in the sector fell to ¥61.3 trillion ($9.1

Lending 100

Lending Regulation Maine Regional 100

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

PYMNTS

OCTOBER 31, 2019

Shanghai regulators are ordering more than 40 peer-to-peer (P2P) lenders to get ready to close shop, the Financial Times (FT) reported on Thursday (Oct. P2P lending fell under scrutiny when President Xi Jinping starting cracking down on financial risk. Scandals also turned a negative spotlight on the P2P sector.

Regulation 100

Regulation Lending Meeting Fraud 100

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. In any economy, but especially in the current one where borrowers’ financial situations are changing or highly uncertain, financial institution loan administration systems deserve a checkup and, in some cases, an overhaul.

System 195

System Lending Software Risk Management 195

Abrigo

MAY 19, 2017

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. Who is responsible for collecting key documents, and will a system be used to track tickler documents and member compliance?

Lending 150

Lending Analysis Knowledge Base System 150

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. In other CBIRC news , the organization recently released new guidelines aimed at getting banks to increase lending to small businesses.

Regulation 158

Regulation Lending Guidelines Maine 158

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. Integrating directly into core technology means even deeper automation, the companies noted. . Yes Bank Woes See API Disruption.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

AUGUST 30, 2018

29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100

Policies Lending Regulation Community 100

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. Every stakeholder should be on board. Have your board meetings and strategic planning sessions become predictable?

Lending 221

Lending Risk Management Meeting Survey 221

PYMNTS

MARCH 20, 2017

According to Yi Huiman, chairman of the world’s largest bank as measured by assets, the Industrial and Commercial Bank of China, the practice has become a top-level concern due to the increase in poorly regulated lending. Shadow banking “is not subject to full regulation, or any regulation at all,” Yi told the New York Times. “We

Lending 100

Lending New York Regulation System 100