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? Learn more. Keep me informed.

Resources 195

Resources Risk Management Study Strategy 195

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Clear introduced its reusable identity from its Sora ID acquisition and presented it at the conference for the first time to financial services companies.

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Perficient

FEBRUARY 10, 2021

The pandemic has presented a variety of industries with new challenges in the digital realm, but the healthcare industry is experiencing the most urgent need for rapid digital reinvention. Nearshore software development presents a cost-effective solution to this accelerated need for innovation in healthcare.

Software 294

Software Innovation Company America 294

Abrigo

APRIL 12, 2016

Directors overseeing a bank’s operations are important partners in supervisory efforts, the FDIC noted in the article (“A Community Bank Director’s Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.”). Risk management culture What exactly is a risk management culture?

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Massive volumes of regulations are being developed across global financial market segments. “How is IT risk different when IT services are outsourced? .

Compliance 125

Compliance Risk Management Case Study Meeting 125

PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Can risk sandboxes become a proving ground for a firm’s competitive edge? Some companies view risk management and compliance as roadblocks to innovation. What about the trepidation that seems entrenched in corporate approaches to risk?

Compliance 125

Compliance Innovation Management Risk Management 125

PYMNTS

OCTOBER 2, 2017

Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. Business services companies present the greatest cyber risk to their financial service partners. Last week, the company published its latest report, “ The Buck Stops Where?

Risk Management 129

Risk Management Security System Software 129

PYMNTS

DECEMBER 9, 2020

The crisis strained businesses worldwide, especially startups and small companies with less cash flow and resources, but video-based know your customer (KYC) presents an opportunity to reduce the number of potential customers who abort application processes they may see as lengthy and complicated.

Video 175

Video Capital Lending Security 175

PYMNTS

MARCH 17, 2017

Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space. Financial service providers must balance “process complexity with funding and risk management,” the executive said. “In For one, he explained, current relationships between corporates and their banks are sub-par.

Fintech 195

Fintech Innovation Lending Management 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

PYMNTS

JULY 5, 2018

The complications — and opportunities — of turning that ruling into actual online commerce was the topic of a recent interview Karen Webster conducted with Zac Cohen, general manager at Canada-based consumer verification firm Trulioo. Proper checks of clients also help those betting providers avoid money laundering risks. Market Size.

United States 103

United States Compliance Risk Management Online 103

PYMNTS

SEPTEMBER 9, 2019

Settling the tens of thousands of claims and paying out those funds to all the consumers and businesses who need them will present a series of operational challenges over the next several weeks and even months, Ingo Money EVP and CPO Lisa McFarland told PYMNTS in a recent conversation. Overcoming the Challenges.

Payments 171

Payments Industry Cards United States 171

CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. President’s Working Group on Financial Markets, which delineated perceived risks associated with the increased use of stablecoins and highlighted three concerns: risks to rules governing anti-money laundering (“AML”) compliance, risks to market integrity, and general prudential risks.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

CFPB Monitor

MAY 18, 2021

The rest of the principles each begin with broad initial statements, including that a Reserve Bank’s decision to permit access should not create undue credit, operational, settlement, cyber or other risks to the Reserve Bank or the overall payment system; create undue risk to the stability of the U.S.

Fintech 78

Fintech Guidelines Policies System 78

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

JULY 3, 2017

So-called “cheap flight” operators were once notorious for drip pricing, with the Office of Fair Trading (OFT) estimating that the airline industry alone was charging consumers £300 million a year (that’s $379,672,500 USD) in card surcharges at its peak. Consumer Demand and the Globalization of Travel.

Online 112

Online Payments Fraud Cards 112

Insights on Business

FEBRUARY 15, 2018

In addition to hearing from prominent speakers like Ginny Rometty (IBM), Sal Khan (Khan Academy), and Lisa Ling (CNN), IBM Watson Financial Services GM Alistair Rennie will lead a presentation entitled: AI, Regtech and the Future of Financial Services: From Jeopardy to Wall Street (Session 8780A).

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Abrigo

NOVEMBER 13, 2023

The 2020 Interagency Guidance on Credit Risk Review Systems recommends that loan review should occur "typically annually, on renewal, or more frequently when internal or external factors indicate a potential for deteriorating credit quality or the existence of one or more other risk factors.” You don’t want to be in that situation.”

Analysis 195

Analysis Lending System Survey 195

FICO

SEPTEMBER 7, 2022

With a cost-of-living crisis and soaring energy costs across Europe and other countries, it's important to re-evaluate debt collections and customer risk management strategies. IFRS9, Collections Strategy, Delinquency and Risk. Read more background to the IFRS 9 learnings on models and operations. Bruce Curry.

Strategy 52

Strategy Risk Management Management Operations 52

FICO

MAY 18, 2020

Just as organisations were getting to grips with IFRS 9 and its implications, the impact of COVID-19 has created the “perfect storm” for collections as regulators, organisations and customers scramble to understand the economic and financial impact of this pandemic. Regulator Help and Expectations. This is a unique time.

Regulation 52

Regulation Operations Management Data 52

FICO

MARCH 18, 2021

All businesses are obliged to re-evaluate key assumptions underpinning their existing impairment analysis and ensure they continue to incorporate data into IFRS 9 models in a rational, reliable, reasonable manner that meets the expectations of ever-vigilant regulators. It’s crucial to keep pace. .

Management 52

Management Analysis Meeting Regulation 52

Abrigo

AUGUST 19, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." Takeaway 1 Regulators recently reminded financial institutions to have risk-based customer due diligence ( CDD ). No customer type presents a sing ular , uniform level of risk.

ATM 195

ATM Regulation Fraud Policies 195

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Open banking-facilitated apps can offer tailored support, reducing the need for in-person services.

Security 174

Security Fintech Data Fraud 174

Independent Banker

JULY 28, 2016

The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. What agency is our prudential federal regulator? Do we also have a state regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

BankUnderground

APRIL 13, 2023

This will ensure that insurers continue to accurately assess and manage risks in line with their risk appetite, and that capital for solvency purposes remains appropriate. Thus, in line with climate and weather-related risk more widely, we argue for capability building in both regulators and the wider industry.

Capital 84

Capital Policies Risk Management Maine 84

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. They are finding ways to compromise bank employees, third-party vendors and system credentials, and operate inside bank systems without detection. Curry, U.S.

Community Bank 70

Community Bank Community Regulation Compliance 70

Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Siphoning customers. These insights emulate relationship banking.

Community Bank 70

Community Bank Community Analytics Lending 70

FICO

FEBRUARY 22, 2021

Explainable AI ensures that we know how the model operates, and we can provide reasons and explanations as to why a decision was made at an individual level. How much awareness of the need for these two employees is already present in financial institutions? by Nikhil Behl.

Analytics 52

Analytics Data Software Digital Strategies 52

Jeff For Banks

OCTOBER 29, 2016

In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year. billion, and the operating cost per business checking account is $710. In 2016, the median sized financial institution is $1.1 We should start with ourselves.

Training 60

Training FDIC Community Resources 60

FICO

JUNE 30, 2016

The primary goal was to ensure that global systematically important banks (G-SIBS) strengthen their risk data aggregation capabilities and internal risk reporting practices. In doing so, these institutions would enhance their risk management and decision-making processes.

Compliance 45

Compliance Management Data Risk Management 45

Bobsguide

OCTOBER 11, 2022

The Prometeia Banking & Insurance Day , organized in Istanbul on 5 October in cooperation with the Risk Managers Association and CFA Society Istanbul, provided an excellent opportunity for debate. The risks are growing, yet hope must not be lost in light of the opportunities presented by new paradigms.

Risk Management 97

Risk Management Analytics Regulation Technology 97

FICO

SEPTEMBER 20, 2022

I recently sat down with Scott to talk about how fraud operations groups can benefit from Responsible AI technology and why they should care. How Does Responsible AI Fit into Fraud Operations? When thinking about day-to-day operations, how does Responsible AI actually apply to the fraud world right now?

Fraud 52

Fraud Analytics Strategy System 52

Fintech Labs Insights

JANUARY 12, 2017

James by CrowdProcess allows financial institutions to create highly predictive models for credit risk management through state of the art machine learning algorithms and techniques. Operational cost reduction. This allows lenders to grow without taking additional risks. Presenters. NPL avoidance.

Risk Management 12

Risk Management Regulation Data Operations 12

FICO

JANUARY 19, 2023

At the same time, regulators are doubling down on their expectations of financial organisations and lenders to ensure they provide continued support to those who are deemed to be vulnerable or in financial difficulty. Here are my three predictions for risk management and customer treatment in 2023.

Lending 52

Lending Strategy Analytics Data 52

FICO

MARCH 25, 2020

increase in unemployment and a faster return to prosperity, compared to a 3% increase in unemployment for other Organisation for Economic Co-operation and Development (OECD) countries. Most C&R operations have high volumes of staff across tightly knit teams. Business Continuity Planning.

Operations 40

Operations Exercises Security Data 40