Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Risk Management 150

Risk Management Management Analysis Resources 150

South State Correspondent

APRIL 4, 2024

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model.

Risk Management 195

Risk Management Community Bank Policies Community 195

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Control Testing and Gap Analysis: Evaluate controls to gauge their effectiveness in mitigating risks.

Compliance 221

Compliance New York Regulation Analysis 221

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis 195

Analysis Industry Risk Management Lending 195

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws. Change that is not fully managed can lead to vulnerabilities.

Risk Management 40

Risk Management Management Security Guidelines 40

PYMNTS

JUNE 8, 2020

There’s work being done securing APIs , but businesses are using them confidently, not just to field new products and CX, but also as a data cyber shield found only in the clouds. Cloud platforms are also helping firms secure APIs with built-in capabilities that apply security policies through nonintrusive policy enforcement.

Security 130

Security Policies Fraud System 130

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

PYMNTS

OCTOBER 19, 2020

Other benefits, the release says, include extended pre-approvals for card spend, better security when paying with virtual card technology and using the card payment cycle to better management working capital for buyers. Now, every transactional step in the business spend management process can be done smarter and simpler.".

Cards 319

Cards Risk Management Tools Policies 319

Abrigo

APRIL 25, 2024

It is essential for banks and credit unions to adjust lending and underwriting strategies to secure profitable new or expanded business loans with acceptable risk. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates.

Lending 221

Lending Trends Capital Strategy 221

Jack Henry

JUNE 1, 2020

Governance, Risk, and Compliance (GRC) is a strategy to effectively manage enterprise risk in order to achieve compliance with policies, laws, and regulations.

Compliance 149

Compliance Risk Management Strategy Policies 149

Independent Banker

OCTOBER 1, 2022

Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. Liability policies respond to lawsuits or any regulatory action and fines that result from a cyber event.

Montana 152

Montana Policies Resources FDIC 152

Abrigo

MAY 11, 2020

Security breaches involving cloud computing highlight the importance of sound security controls and a clear understanding of cloud service providers’ risk management policies. Keep your data secure and up-to-date using our datacenter. How can financial institutions mitigate the risk? Learn more.

Data 195

Data Training Risk Management Software 195

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Cyber Security 70

Cyber Security Management Security Risk Management 70

Abrigo

AUGUST 8, 2021

Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives. Takeaway 3 Timely risk ratings and a written review policy are critical components of effective loan review and credit review. This article is substantially updated from a 2013 blog post.

System 195

System Lending Policies Regulation 195

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

System 195

System Lending Analysis Software 195

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. Compliance Risk – The banking industry is highly regulated.

Risk Management 40

Risk Management Management Operations Meeting 40

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Consider what compliance and risk functions your organization would use as a starting point when integrating technology. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Consider what compliance and risk functions your organization would use as a starting point when integrating technology. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Jack Henry

JUNE 1, 2020

Governance, Risk, and Compliance (GRC) is a strategy to effectively manage enterprise risk in order to achieve compliance with policies, laws, and regulations.

Compliance 78

Compliance Risk Management Strategy Policies 78

CFPB Monitor

SEPTEMBER 8, 2022

In remarks yesterday to The Clearing House and Bank Policy Institute Annual Conference, Acting Comptroller Hsu discussed the growth “of banking-as-a-service (BaaS),” meaning arrangements in which a nonbank offers banking services to its customers as a way of adding value to its products and services.

Fintech 146

Fintech Risk Management Conference Lending 146

Celent Banking

JANUARY 19, 2016

Many large financial institutions spent in excess of $25 million on rolling out failed enterprise risk management frameworks during the 2000’s. Well for many obvious reasons, the most notable of which has been the large scale failure of institutions to manage their risks and the well-editorialized consequences of those failures.

Risk Management 100

Risk Management Management Regulation Policies 100

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. Automated risk management solutions can be helpful in theory.

Compliance 191

Compliance Risk Management Training Analysis 191

Abrigo

AUGUST 30, 2022

Retention strategies like matching rates or terms and proactively managing customers can effectively keep customers at your institution, and, in some cases, help to grow their commercial loans with you. Risk management. Keys to mitigating risk. Learn more about effective loan policy with this guide. CRE Lending.

Strategy 195

Strategy Lending Risk Management Analysis 195

PYMNTS

JUNE 30, 2019

The office is said to be comprised of the sales practice consent order office; the regulatory consent order and risk framework execution office; the business process management and operational design team; and regulatory relations. Morgan Securities. She previously worked at Bank of America, Pricewaterhouse Coopers and J.P.

Regulation 122

Regulation Risk Management America Operations 122

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Sweeping in scope, the AIO guide is very detailed on guidance for different technologies. In Summary.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

JULY 10, 2019

Cross-border commercial payments and FX management firm Cambridge Global Payments said in a press release Tuesday (July 9) that its Invoice Automation Solution is now available as an integrated tool that streamlines the invoice-to-pay process for cross-border transactions. “Our

Payments 161

Payments Risk Management Analysis Management 161

CFPB Monitor

AUGUST 4, 2022

The FDIC indicates that FDIC deposit insurance covers deposit products offered by insured banks but does not apply to non-deposit products, such as stocks, bonds, money market mutual funds, securities, commodities, or crypto assets. The second portion of the advisory addresses risk management and governance considerations.

FDIC 78

FDIC Risk Management Policies Regulation 78

PYMNTS

MARCH 1, 2020

We have rigorous, multilayered monitoring and independent risk-management processes in place, which we continuously review and enhance to ensure that all sales activities conform with our values, internal policies and regulatory requirements,” the spokesman said. “We

Report 151

Report Cards Policies Risk Management 151

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. In addition, the company has strengthened its hiring, with several veterans of finance, policy and regulatory affairs joining the team.

Report 247

Report Fraud Risk Management America 247

PYMNTS

JUNE 30, 2019

The office is said to be comprised of the sales practice consent order office; the regulatory consent order and risk framework execution office; the business process management and operational design team; and regulatory relations. Morgan Securities. She previously worked at Bank of America, Pricewaterhouse Coopers and J.P.

Regulation 100

Regulation Risk Management America Operations 100

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Access controls and identity management.

Cyber Security 100

Cyber Security Regulation Security New York 100

Celent Banking

MARCH 2, 2017

When it comes time to choose a business partner, banks will favor those who help them execute their third party risk management (TPRM) responsibilities over those who begrudgingly comply. OCC 1 TPRM regulations alone require the bank to evaluate 16 risk dimensions when engaging with a third party.

How To 100

How To Risk Management Management Regulation 100

CB Insights

MARCH 4, 2021

However, companies have spent far less on cyber insurance than on cybersecurity as a form of cyber risk management. The policies will initially be offered to US companies with annual revenue between $500M and $5B, and cover up to $50M in losses. First name. Company name. Phone number.

Google 74

Google Security Risk Management Trends 74

Abrigo

JULY 25, 2023

Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others.” - Russ Chacon, VP of Product Management, Abrigo Here are some fast facts about FedNow instant payments to help financial crime professionals get up to speed: Not mandatory; no implementation deadline.

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Managing Risk. Managing liquidity and credit risk are definitely of main concern to FIs.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

JUNE 18, 2020

The IAMAI intends to work together with policymakers as well as regulators on a “sustainable policy framework” for digital assets in India to foster innovation in addition to the necessary procedures for risk management and security.

Bitcoin 141

Bitcoin blockchain Payments Risk Management 141