Abrigo

MAY 19, 2023

Does your loan review system meet regulatory expectations? Read more for specific objectives every loan review system should meet. WATCH Takeaway 1 Loan review officers must figure out how to adhere to the FDIC’s guidance on loan review and credit risk review systems.

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Perficient

OCTOBER 20, 2020

Investing in advanced supply chain automation and intelligent order management (OM) systems will not only improve how your organization fulfills against extreme demand but also serves your consumers more effectively in the end. The Business Impact of Outdated, Manual Systems. What Businesses Receive with Automated Systems.

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Perficient

NOVEMBER 24, 2020

How a Superior Inventory Control System can impact your Supply Chain. A top-notch inventory control system will deliver reduced overhead costs and increased throughput. You need to understand how managing the change that comes with a quality inventory control system is key to accomplishing the desired results in a shorter timeframe.

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South State Correspondent

AUGUST 10, 2023

When banks talk about a “sidecar,” they speak about a modern, lightweight, real-time core system alongside a traditional core. In this article, we argue why banks should consider a modern core system in the form of a sidecar as part of their long-term strategy. This information is then pushed out to each ancillary system.

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Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

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Accenture

FEBRUARY 16, 2021

In 2019, the California-based lender loanDepot made headlines when it managed to offer an end-to-end digital mortgage that closed in just 8 days, more than 80 percent faster than the 45-day industry average.1 1 Digital solutions enable this kind of agility at scale, but individual and societal risks can also scale in digital systems.

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The Paypers

JANUARY 12, 2024

Ecommerce fraud and risk intelligence company Riskified has announced the expansion of its chargeback management system to help merchants maximise revenue recovery.

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South State Correspondent

SEPTEMBER 20, 2023

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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Perficient

NOVEMBER 10, 2020

And now with the ongoing strain of dealing with the pandemic, many health systems are facing fatigue maintaining their strategic focus. They are joined by our very own Paul Griffiths , General Manager, Digital Health Solutions at Perficient, who shares the commitments that health systems should consider to build revenue resilience.

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PYMNTS

NOVEMBER 23, 2020

Banks, merchants, issuers, processors — they’re all locked in combat with shadowy fraudsters that gain system access via phishing emails as easily as mice sneak into old houses. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them.

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Abrigo

MAY 10, 2021

Features of a Commercial LOS What basic functions should a loan origination system complete? Takeaway 1 Know the features and functions of a loan origination system (LOS) if your financial institution is shopping for one or upgrading. LOS process management features. Lending process management is key to timely decisions.

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Abrigo

AUGUST 28, 2022

Develop a credit risk rating system. Having an internally developed risk rating system is common. For banks and credit unions, a popular tool to monitor credit risk is a standardized risk rating system, which can serve several purposes. Many institutions use a nine-grade system , though five to ten total ratings is acceptable.

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Payments Dive

APRIL 30, 2019

Retailers need to consider shedding their legacy POS systems to enable mobile payment acceptance, business analytics, EMV security and better inventory management.

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Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Would you like other articles on loan review in your inbox?

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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.

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PYMNTS

MAY 19, 2020

Payment collections software company Ontario Systems has acquired SwervePay to help bolster its electronic payment capabilities, according to a press release. Ontario Systems aims to sell RevQ+ software on the market, which works with managing the collection of fees for court-ordered debt payment, income taxes and property tax.

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Abrigo

JANUARY 25, 2022

Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . Takeaway 3 Seven steps of change management will jump-start the implementation and improve adoption and digital transformation. Not in all cases.

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South State Correspondent

JANUARY 10, 2024

Banks often don’t know who their most profitable customers are, and if they do, they ignore the basics of targeting those customers and prospects with marketing, sales, and product management. The same goes for higher-growth, well-managed companies. This equates to a 63% risk-adjusted return.

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Management Examples Marketing Millennials 195

Abrigo

SEPTEMBER 29, 2022

Construction loan management software Construction loan management softwares are a windfall of efficiency for financial institutions. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 2 Using construction loan management software is a good way to mitigate risk.

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Perficient

MAY 26, 2020

Oracle has introduced a new feature in Data Management where users can create customized connections to its ERP systems. For this example, we are going to schedule the BI Publisher report “Payables Trial Balance Report” which will be used to generate a template to import data from the Payables sub-ledger into Data Management.

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Perficient

JANUARY 19, 2021

The order management/customer service team are the ones that make revisions. Order Revision Action Plan: Customer Service (Order Management Group) cancels the Sales Order/Line or makes a change to a specific line. Cancel the open picking tasks in the system. Efficiently managing these revisions is paramount. Conclusion.

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Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. New York’s BitLicense requirement therefore applies to investment managers who issue digital coins or otherwise act as an exchange platform regardless of where the buyers are located.

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cryptocurrency Regulation Management Bitcoin 332

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

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Perficient

FEBRUARY 10, 2021

To learn more about the role of sales enablement in investment management and the success criteria for an effective sales enablement program, download our newest guide. With the right strategies and tools, firms can replace face-to-face interaction without forgoing the personal touch.

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PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Automating Capital Management. Factors Affecting Working Capital Needs.

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PYMNTS

JUNE 19, 2020

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities.

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PYMNTS

JULY 1, 2020

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? It’s true, but not for long. AI Poised for a “Profound Impact”.

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Perficient

AUGUST 14, 2020

OneStream’s Financial Task Management (UTM) solution is a web-based platform that provides customers with a central location for managing period closing activities for their entire organization. Task Manager is made up of activities called “Tasks”. For example, external system login page, external website, or hosted documents.

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Perficient

JUNE 24, 2020

Enterprise Performance Management (EPM) cloud roadmaps are expanding rapidly across organizations and industries. It’s becoming more and more common to see multiple cloud EPM applications being implemented; Oracle Planning, Oracle Financial Consolidation and Close, Oracle Profitability and Cost Management, etc.

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Abrigo

SEPTEMBER 21, 2022

Driving efficiency and reducing risk Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Construction loan risk management.

Risk Management 195

Risk Management Software Management Lending 195

PYMNTS

JULY 1, 2020

Dubbed the Pan European Payment System Initiative, or PEPSI, the group has the support of 20 French and German banks, and would handle all forms of cashless transactions. . A so-called “scheme manager” will be the central governing body, the online news service reported.

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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. . What are model risk management and model validation? SR 11-7, issued by the Federal Reserve and OCC in 2011, is the supervisory guidance on model risk management.

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Risk Management Management Regulation Analysis 195

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Many firms still have AR systems that require employees to juggle different software platforms and conduct procedures manually. .

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PYMNTS

MAY 18, 2020

Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). based Paystand for a B2B payments system. American Express uses blockchain for its rewards program.

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blockchain System Payments cryptocurrency 287

PYMNTS

JANUARY 8, 2021

Even though he thinks waves of the coronavirus will be around for at least another year or two, LeanTaaS CEO Mohan Giridharadas said that at least one side effect of the pandemic could affect the healthcare system forever. “I LeanTaas is a software company that uses predictive analytics and machine learning to manage hospital operations.

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