Abrigo

OCTOBER 10, 2023

Examining these areas is a good starting point for your financial institution to optimize its processes and maximize existing resources. While not a solution for the talent shortage, automation can optimize processes, often at a fraction of the cost of additional resources. Stay up to date on loan review best practices.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Examining these areas is a good starting point for your financial institution to optimize its processes and maximize existing resources. While not a solution for the talent shortage, automation can optimize processes, often at a fraction of the cost of additional resources. Stay up to date on loan review best practices.

Training 195

Training Survey Resources Software 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Looking to Increase Loans through the SBA? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. Survey respondents reported an average ag loan approval rate of 75.1%

Lending 195

Lending How To FDIC Survey 195

Abrigo

JUNE 13, 2019

And few credit unions are involved in lending programs backed by the U.S. This is the case, despite the fact that SBA lending has gained momentum among small businesses in the past five years. “Why They just don’t,” says Rob Ashbaugh, Abrigo Executive Risk Management Consultant. More room for business lending.

Lending 150

Lending Resources Survey Risk Management 150

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance."

Compliance 222

Compliance Community Bank Community Conference 222

Jack Henry

JANUARY 10, 2020

The financial services industry seems to be transitioning into a new phase of technological advancement. The last 10 years have seen the beginning of a technological renaissance in many areas of the industry, affecting the way that both consumers and businesses interact with financial institutions.

Technology 78

Technology User Experience Risk Management Resources 78

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. A CFPB 1071 resource page for lenders , content, and educational webinars will walk lenders through requirements and preparations.

Data 195

Data Lending Compliance Resources 195

Abrigo

JUNE 7, 2017

It’s been five months since the new member business lending (MBL) rule from the NCUA went into effect in January, providing greater flexibility to credit unions offering member business loans. Credit unions should determine the focus of their business lending program and identify what is needed to achieve those goals.

Lending 150

Lending Management Analysis Policies 150

Abrigo

MARCH 24, 2021

Takeaway 1 Financial institutions that invested in technology in 2020 are using it to increase the loan portfolio in 2021. Takeaway 2 Use this time to optimize technology investments to increase profitability and improve customer experiences. Technology sets up future lending success. Here's what they're doing.

Lending 221

Lending Technology Survey Examples 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. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Risk Management Software System 195

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . New technology is not a silver bullet. One of the most integral pieces to the success of new technology is garnering buy-in across the institution.

Fintech 195

Fintech How To Innovation System 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Looking to Increase SBA Loan Origination? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. We have webinars , whitepapers , and other resources to make your job easier. or largely focused on the domestic banking market.

Community 195

Community Lending Maine Resources 195

Abrigo

DECEMBER 5, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer.

Training 222

Training Compliance Regulation Software 222

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Fintechs help us address shortcomings that we don’t have the resources to address internally,” Gallman says. Fraud and risk management. By Elizabeth Judd.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Executives should embrace technology partners as a means of growing and enhancing their customer value proposition.

Community Bank 117

Community Bank Strategy Risk Management Fintech 117

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Merely adopting digital technologies does not solve for efficiency problems, Prasad noted. Such entities in India were granted relief on Jan.

Video 175

Video Capital Lending Security 175

South State Correspondent

MARCH 14, 2024

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground.

Innovation 195

Innovation Strategy Capital Comparison 195

Insights on Business

AUGUST 28, 2019

While fundamentally an architectural paradigm, technology designed as microservices has the potential to change both the way clients use the tools at their disposal and shift the way they do their jobs. We’ve been quite vocal about our own transition to a risk management microservices architecture. What is a microservice?

Management 87

Management Risk Management Resources Analytics 87

Gonzobanker

OCTOBER 30, 2014

There is a lot of promise in technology that can help predict where and how employees will succeed, but there is a need to balance this against the myriad potential compliance and other legal issues that are always looming. Human Resource Information System (HRIS) systems go to the cloud! Stay tuned on this one. HR & Training'

Resources 96

Resources Training Tools Analytics 96

Gonzobanker

NOVEMBER 2, 2023

Smarter Bank leaders have an eye for designing and building new systems that align people, processes and technology and that leverage data and intellectual capital. Credit officers don’t approve every loan – rather they build credit models and portfolio management systems.

Leadership 154

Leadership Industry Management Resources 154

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Reputational Risk – In any industry, perception is reality.

Risk Management 40

Risk Management Management Operations Meeting 40

Insights on Business

AUGUST 28, 2019

While fundamentally an architectural paradigm, technology designed as microservices has the potential to change both the way clients use the tools at their disposal and shift the way they do their jobs. We’ve been quite vocal about our own transition to a risk management microservices architecture. What is a microservice?

Management 70

Management Risk Management Resources Analytics 70

Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. Risk mitigants tend to lag growth, especially fast growth.

Lending 60

Lending Regulation Community Community Bank 60

CFPB Monitor

APRIL 1, 2021

Improving customer experience and gaining efficiencies in the allocation of financial institution resources, such as through the use of voice recognition, natural language processing (NLP), and chatbots. Augmenting risk management and control practices. Fair lending. Overfitting (i.e. Cybersecurity. Dynamic updating.

Risk Management 78

Risk Management Training Lending FDIC 78

PYMNTS

JANUARY 11, 2018

Talking with Karen Webster shortly before the news was announced, Burnside noted that the two firms stepped into the alt lending arena at about the same time. Lending Hero’s focus: prime customers acquired through physical channels, such as doctor’s offices and dental practices, to name a few. Breaking New Ground. .

Lending 108

Lending Risk Management Management ATM 108

Abrigo

JANUARY 7, 2021

But among the types of other expenses now included in those considered covered by PPP loans: Operations expenditures: Business software; cloud computing services; product or service delivery; payroll expense processing, payment, or tracking; human resources, sales, and billing functions; accounting or tracking of supplies and inventory.

Taxes 195

Taxes Lending Connecticut Capital 195

Abrigo

DECEMBER 30, 2019

This is a must-have risk management concept. Enforcement actions can lead to cease and desist of any mergers or acquisitions, new branches, and in some cases no lending or other growth avenues. These actions are public, so the reputational and strategic risks are real. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

Conference 195

Conference Payments Fraud Data 195

South State Correspondent

JANUARY 4, 2023

In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. Lending Focus – Interest Rate Sensitivity and Credit Accuracy. on the dollar due to higher credit risk. Remember all those five-year fixed-rate loans you booked at 4%?

Community Bank 195

Community Bank Capital Lending Training 195

Gonzobanker

APRIL 11, 2023

A financial institution can change its lending system. Finally, verify whether your institution’s core technology can handle the load of your users logging into their accounts. The caliber of resources involved in an implementation and the level of attention they devote to the project can truly make it a success.

Digital Banking 146

Digital Banking social media System Customer Experience 146

FICO

DECEMBER 8, 2022

Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management. Figure 1: Early-stage collections contact options and illustration of treatment prioritization by risk. See all Posts.

Risk Management 52

Risk Management Comparison Strategy Management 52

FICO

MAY 19, 2023

As a result, the Prosper Card has offered people access to affordable credit when they need it, including after challenging life events such as job loss, bankruptcy, and divorce, as well as financial tools and resources to help them get back and stay on track,” said Kimball.

United States 52

United States Lending social media Tools 52

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. He has an MBA from the Indian Institute of Management.

Meeting 52

Meeting Analytics Risk Management Management 52