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. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 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. Operational risks transcend all departments of a bank.

Risk Management 40

Risk Management Management Operations Meeting 40

Abrigo

APRIL 21, 2023

Understanding the topic and current industry trends can help institutions meet regulatory requirements for credit risk review systems consistent with safe and sound lending practices. Limited reviews used in this process can be a means to determine where to do targeted, more comprehensive exams.

Lending 195

Lending Risk Management Software System 195

CFPB Monitor

MARCH 9, 2020

On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

Risk Management 78

Risk Management Data Management Compliance 78

CFPB Monitor

JUNE 30, 2022

The SRP warns that “lack of access to subject matter expertise,” funding cutbacks, over-reliance on third parties to assist in these critical functions, and telework are exacerbating compliance risk. Cybersecurity Risks. The OCC has long been concerned with operational risks posed to banks from cyber attacks.

Compliance 78

Compliance Fraud Technology Operations 78

CFPB Monitor

NOVEMBER 24, 2020

The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Analysis Industry Policies 78

Abrigo

JANUARY 24, 2021

In addition, even though those who long sought a streamlined process for loans of $150,000 or less loans often referred to it as “blanket forgiveness” or “automatic forgiveness,” Form 3508S has important requirements for the loan to be fully forgiven. Credit Risk Management. Lending & Credit Risk. CRE Lending.

Lending 195

Lending Risk Management Management Payments 195

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

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

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships.

Fintech 147

Fintech Strategy Leadership Lending 147

Banking 2020

DECEMBER 16, 2014

Though necessary, the common ways of evaluating job candidates – via resumes, interviews and references – provides only a small piece of the puzzle. A big part of this is moving from reactive to proactive talent management. Take Smart Risks: Managers generally hire people who walk and talk like everyone else on the team.

Leadership 52

Leadership Regional America Industry 52

CFPB Monitor

NOVEMBER 22, 2022

In particular, the report’s recommendations deserve attention because they are likely to influence future actions by the federal banking regulators and the CFPB. (The The report is also worthwhile reading for its discussion of the role of fintechs and other non-banks in providing consumer financial services and how that role has evolved.).

Fintech 78

Fintech Report Data Lending 78

PYMNTS

NOVEMBER 30, 2018

HSBC , one of the largest banks in the world, wants to launch its new cloud-based anti-money laundering risk management system by next year, according to Reuters. The bank has also reached out to regulators, which were supportive of the endeavor. Those with an appropriate score would be singled out for closer scrutiny.

Google 179

Google System Data Risk Management 179

PYMNTS

MARCH 6, 2019

For instance, the ability to transfer data and various assets can help firms keep track of, and improve, operations. One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. PYMNTS raised the question about regulatory concerns.

blockchain 189

blockchain Management Data User Experience 189

Abrigo

MAY 11, 2021

Not only has the pandemic impacted businesses by shortening operating hours or closing businesses altogether, but it has introduced stimulus money that those same businesses have come to rely on as part of their cash flow, creating new challenges to testing the creditworthiness of prospective borrowers. Lending & Credit Risk.

Analysis 195

Analysis Lending Taxes Comparison 195

Lex Sokolin

DECEMBER 25, 2019

I realize this because several blockchain industry analysts have put out absolutely fantastic work that should be your reference for the coming year. If you raised money from SoftBank, you have to take on large risk, while the banks will take another 5 years to touch real DeFi. (2) Who is your counterparty?

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

APRIL 9, 2020

But while Speight agreed that sounds like a terrific way to manage the program — the reality is a bit different — at least right now since the guidance on this topic for bankers has been vague. For Speight and Planters First Bancorp, they’ve hit capacity already and are now referring SMBs to others.

Lending 285

Lending Capital Washington Risk Management 285

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. The CECL standard is non-prescriptive.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

JANUARY 20, 2020

Visa’s culture that risk management is everyone’s responsibility, Fabara said, is a competitive advantage and a strategic weapon in the payment ecosystem’s fight against an ever-more sophisticated fraudster. When Risk Management Is a Mindset and Not a Business Unit. But everyone knows the job has to be done. “At

Security 168

Security Fraud Risk Management Payments 168

Abrigo

FEBRUARY 15, 2023

A coordinated approach between the institution’s risk and information security departments is essential to an effective cybercrime prevention program. Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations. Many TCOs currently operate in the U.S.,

Fraud 195

Fraud United States Training Policies 195

CB Insights

OCTOBER 4, 2018

In the last year, Chinese regulators have clamped down on China’s burgeoning fintech sector. This summer, Reuters reported that in 5 years, tech services (including online risk management and fraud prevention for financial institutions) will make up 65% of Ant’s revenue, compared to 34% in 2017. Wealth management.

US 78

US Fintech Mobile Regulation 78

PYMNTS

APRIL 11, 2018

Awaiting consideration by the House of Representatives is banking regulation — or rather, deregulation. Now the House is, at some point, poised to take up its own consideration of that regulation. Lower capital thresholds, he said, should lower operating costs associated with regulatory compliance. And what lies on the horizon?

Regulation 108

Regulation Capital Leadership Maine 108

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The big bang project is over.” No response. No apology.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The big bang project is over.” No response. No apology.

Utah 60

Utah System Community Marketing 60

CFPB Monitor

MAY 3, 2021

Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements. Democrats have launched an effort to invalidate the True Lender rule by means of Congressional action under the Congressional Review Act (CRA). Dr. Charles W.

North Carolina 60

North Carolina Lending National District of Columbia 60