PYMNTS

DECEMBER 16, 2020

The havoc the pandemic has wreaked on the global economy continues to have trickle-down impacts on an array of industries, not least of all the housing and property management space. According to Pay Ready CEO and Founder Lynn Musil , the current climate is not a rosy one for property managers. A Sudden Shift.

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Management Strategy Payments Fintech 181

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

Perficient

MAY 12, 2023

PRIVACY Conduct highly regulated transactions with data integrity and privacy: Digital assets empower business domain experts across the supply chain to rapidly create interoperable multi-party workflows across multiple applications and infrastructures, extracting and connecting data that can be used in repeatable workflows.

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Management Industry Innovation Operations 275

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

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Resources Risk Management eBook Strategy 221

Abrigo

JANUARY 10, 2020

Strapped for time to implement these strategies? If the primary goal of your asset/liability management (ALM) process is centered on meeting interest rate risk reporting requirements, then it’s likely that your institution views ALM as a cost center. Find value beyond regulation. Consider leveraging valuable resources to help.

Strategy 195

Strategy Resources Management Capital 195

PYMNTS

JUNE 25, 2018

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. He noted that in the financial services realm, firms are already heavily regulated and they struggle with the looming threat of consequences, should shortcomings arise, when it comes to risk management.

Risk Management 167

Risk Management Strategy Management Compliance 167

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

MAY 1, 2023

Keep me informed Download Strategies to destress Decrease stress during your AML/CFT workday Mental health in the workplace is essential and a topic worth discussing without fear. We can help you navigate changing AML/CFT and fraud regulations. Visit the National Suicide Prevention Lifeline or simply dial 988 to reach them.

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Strategy Training Fraud Software 195

PYMNTS

JUNE 1, 2020

The new hires are part of an initiative to add five new chief risk officers (CRO), one each for the specific fields of Commercial Banking, Consumer & Small Business Banking, Corporate & Investment Banking, and Wealth & Investment Management businesses, a press release states.

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Risk Management Management Strategy Operations 130

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. .

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Management Meeting Capital Strategy 195

Abrigo

FEBRUARY 6, 2024

Register Takeaway 1 Credit unions developing or tightening up an existing MBL strategy should start by engaging the board of directors to outline goals. In this blog post, we will delve into the strategies and policies credit unions can adopt to ensure the success and profitability of their MBL programs. Takeaway 2 Start slow.

Lending 221

Lending How To Risk Management Policies 221

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. Wonderful” O’ Leary, and of course Tom and Gisele. What’s Next?

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Regulation blockchain Marketing Strategy 174

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

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Fraud Management Payments New York City 275

Abrigo

JUNE 7, 2021

Risks ALM Addresses Will Affect Performance and Strategy Asset/liability management models and processes address credit risk, liquidity risk, and interest rate risk. . Good asset/liability management, he says, “is knowing how much risk do we take.” It’s about how to make decisions inside the bank to manage risk.

Management 195

Management Risk Management Capital Regulation 195

Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

Abrigo

MARCH 25, 2022

Takeaway 3 Financial institutions use VAR/EVE analysis to weed out "quick fixes," or strategies that look attractive but can be harmful in the long run. ALM 101: Introduction to Asset/Liability Management. It also allows management to assess whether strategies implemented have significant long-term risks. Value at Risk.

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Management Analysis Examples Strategy 195

South State Correspondent

JANUARY 3, 2024

To do this, we teamed up with Jack Hubbard, Managing Partner of the Modern Banker , to bring you our collective favorites. Each book applies to any banker in a management position who faces a customer in the branch or field or any banker thinking about improving organizational performance.

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Leadership Management Strategy How To 370

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. In its survey, Wolters Kluwer found that approximately 90 percent of banks say they have major concerns about data management. Regulatory Headaches.

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Regulation Management Data Survey 100

Abrigo

JUNE 18, 2020

“The pandemic almost turbo-charges the transition that credit unions need to take away from a CRE-only focused model,” Jim Hanson, Principal at JDH Consulting, noted on a recent Abrigo webinar, Crisis Business Membership Strategy in 2020: Adapting Technology and Executing in the New Normal. BSA Rules and Regulation. Fraud Prevention.

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Lending Strategy Resources Community 195

Independent Banker

JULY 31, 2022

As we enter budgeting season, the answers might be found in a mix of strategies. Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. Regulators made no bones about the fact that a number of additional rate hikes are likely to happen this year. Consider your branch strategy.

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Strategy Community Bank Louisville Community 135

Abrigo

DECEMBER 22, 2023

Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. Wirecard Files For Insolvency, Seeks Court Protection.

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New York cryptocurrency Regulation Samsung 248

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Lithuania wants to become a global FinTech powerhouse. Resuming Operations.

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Compliance Regulation Fintech Resources 182

Abrigo

JANUARY 24, 2024

Realistically assess your organization before taking on another institution with the following questions: Does your staff have the bandwidth to manage a bigger or more complex organization? Find out what auditors and regulators will be looking for as it relates to CECL.

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FDIC Regulation Strategy Data 195

PYMNTS

OCTOBER 23, 2020

It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. You have to know who your suppliers are and what risk they're posing," said Todd Boehler , vice president of product strategy at ProcessUnity. Thinking Ahead.

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Management Strategy Data Risk Management 144

Abrigo

DECEMBER 5, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." BSA Officer Good vs. great Expertise in BSA/AML regulations: A deep and thorough understanding of the Bank Secrecy Act and other related regulations is non-negotiable. But what makes an exceptional BSA Officer?

Training 221

Training Compliance Regulation Software 221

Abrigo

NOVEMBER 25, 2019

Key Takeaways A dynamic asset/liability management (ALM) process can inform sound decision-making in both strategy and risk – but not many FIs approach ALM this way. Many financial institutions view asset/liability management (ALM) strictly as a regulatory requirement. Both have their pros and cons. learn more.

Management 195

Management Resources Tools Strategy 195

Abrigo

AUGUST 5, 2020

Many of the goals and strategies financial institutions had put in place earlier this year have been upended by the coronavirus pandemic. Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. Improving loan grading in a recession.

Management 195

Management Risk Management Trends Industry 195

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? For rookies and experts.

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Resources Risk Management Study Strategy 195

Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. Risk management. Data from Bank Director’s 2014 Growth Strategy Survey in August confirms that these are bankers’ greatest concerns. Source: 2014 Growth Strategy Survey. Managing Risk. Loan growth.

Community Bank 191

Community Bank Community Strategy Risk Management 191

PYMNTS

JULY 16, 2019

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem. Around the PSD2 and GDPR Worlds.

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Strategy social media Regulation Retail 188

Bank Innovation

APRIL 16, 2020

EST, Bank Innovation will host a Zoom meeting for subscribers titled “Regulators’ and Financial Institutions’ Pandemic Responses: What Do We Know, What Can We Know, and When Can We Know It?” On Tuesday at 12 p.m.

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Meeting Regulation Innovation Fintech 273

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Now, pressures from internal finance departments reacting to changing accounting standards are creating additional stress, and the implications for managing collection agencies and debt buyers are far-reaching.

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Regulation Management Analytics Meeting 63

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. Improve tickler management: Ticklers are often managed by committee, but accountability and follow-through are necessary to ensure these tasks are handled efficiently.

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Training Risk Management Analysis Policies 195

The Emmerich Group

MAY 1, 2024

If you feel weary of all the regulations and busy work and know that you and your people haven’t taken the time to question the way that you offer your products, this could transform your profitability. Great idea, but not a strategy. Instead, a strategy is what you would specifically do differently to get cross sales.

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Strategy Video System Management 36

PYMNTS

FEBRUARY 20, 2020

Indeed, the late payments epidemic is heightening awareness of the importance of cash flow management – but, according to Toni Dare, MD of Pulse Cashflow Finance , full understanding continues to lag, particularly among young businesses. However, many businesses fail because of poor cash flow management.” In the U.K., ”

Management 156

Management Payments Tools Strategy 156

PYMNTS

JULY 9, 2019

In a recent survey by Deloitte , half of companies said they lacked a defined ownership of intercompany processes, yielding a lack of visibility and management into key processes and activities. Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. The FX Opportunity.

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Management Regulation Data Innovation 150