Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." Read the buyer's guide to lending solutions.

Lending 221

Lending Risk Management Community Management 221

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. You might also like this video, "A look at credit risk in a rising-rate environment." Regulators foster prudent loan modifications.

Management 195

Management Risk Management Policies Lending 195

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. Good BSA Officer can be hard to find.

Training 221

Training Compliance Regulation Software 221

South State Correspondent

APRIL 30, 2024

FDIC regulations afford QFCs certain rights and protections that will accrue to the hedge end-user (a community bank or a community bank borrower) if the hedge provider were to fail and the FDIC becomes the receiver. A hedge should have a neutral outcome regardless of how the market moves (within defined bands).

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

FDIC regulations afford QFCs certain rights and protections that will accrue to the hedge end-user (a community bank or a community bank borrower) if the hedge provider were to fail and the FDIC becomes the receiver. A hedge should have a neutral outcome regardless of how the market moves (within defined bands).

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant? .”

Regulation 108

Regulation Compliance Capital Resources 108

Abrigo

OCTOBER 23, 2014

Community banks certainly want to remain conservative with risks and follow regulations. ” Banks understand the need to regularly specify and quantify portfolio risk, and remain cognizant of the impact new loan commitments have on the balance sheet. The regulatory compliance aspect is critical, CEIS notes.

Risk Management 186

Risk Management Management Lending Resources 186

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JANUARY 24, 2024

Find out what auditors and regulators will be looking for as it relates to CECL. Abrigo’s loan valuation process not only furnishes comprehensive life-of-loan cash flow results at the loan level but also aids acquirers in comprehending potential CECL impacts and fair value assessments.

FDIC 195

FDIC Regulation Strategy Data 195

Abrigo

MAY 9, 2022

Takeaway 1 Staffing issues are increasingly named in regulatory consent orders, and inadequate resources can lead to criticism during exams. Considering these new threats, a lack of human or technical resources to combat crime is unacceptable regardless of budget constraints—yet financial institutions report staffing issues and shortages.

Compliance 195

Compliance Fraud Regulation Resources 195

Abrigo

MAY 19, 2023

Part of the reason for the lack of training may be the absence of any formal loan reviewer training resources, so why don’t we start thinking about what a loan review curriculum might look like? In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Training Guidelines Policies 195

Abrigo

SEPTEMBER 7, 2023

Separate and unconnected sources of lending and credit data, lack of technical resources, and simply overwhelming amounts of information are common barriers to creating lender dashboards or credit overviews. Credit union and bank advisory services are excellent resources on this front. Learn more about Abrigo Connect.

Report 195

Report Lending Trends Data 195

Perficient

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands. Using generative AI for such purposes gives human resources more bandwidth to thoroughly investigate suspicious incidents.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Independent Banker

OCTOBER 1, 2022

We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. The price of cyber insurance premiums varies depending on a bank’s credit risk, coverage and policy limits that might range from $1 million to hundreds of millions of dollars in aggregate limits. By Beth Mattson-Teig.

Montana 152

Montana Policies Resources FDIC 152

Abrigo

MARCH 16, 2017

A robust Risk ratings system is a crucial component of any financial institution's credit risk management process. Risk ratings are multi-purpose, useful in pricing loans, stress testing the portfolio or individual customers, and determining appropriate reserve for the allowance. Resource: 3 Risk rating best practices 3.

Case Study 150

Case Study Resources Risk Management Study 150

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. 7 Objectives of credit risk review.

System 195

System Lending Policies Regulation 195

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

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

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. A CFPB 1071 resource page for lenders , content, and educational webinars will walk lenders through requirements and preparations.

Data 195

Data Lending Compliance Resources 195

PYMNTS

APRIL 23, 2020

Hypur Chief Revenue Officer Tyler Beuerlein said in the announcement, “ Cannabis businesses rely on accessible and modern financial and banking resources to help their businesses grow. The company’s technology cuts down on cash handling and physical contact at checkout, and eliminates the need to stop at an ATM to get cash to pay for items.

Payments 181

Payments Risk Management ATM Resources 181

Abrigo

NOVEMBER 17, 2023

The second pillar concerns the cost of technical and human resources dedicated to fraud prevention, detection, and remediation. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. It is a critical aspect of maintaining the integrity and sustainability of the U.S.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

FEBRUARY 25, 2022

Codified risk-based approach The AMLA codified the risk-based approach for the first time, and a thorough risk assessment is necessary to justify businesses to your regulators. ?As While FinCEN has provided no specific, written regulations yet, more clarification is expected soon.?

Regulation 195

Regulation Policies Compliance Washington 195

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. in Kent, Ohio.

Compliance 101

Compliance Regulation Community Bank Community 101

Gonzobanker

FEBRUARY 23, 2022

To do this, banks can leverage their competencies in payments, lending, operations, and risk management while using the earnings generated from BaaS to transform their core business. The winners in BaaS will be outstanding risk managers – not risk eliminators. capacity for integrations to scale with growth.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

Independent Banker

JANUARY 31, 2022

Fintechs help us address shortcomings that we don’t have the resources to address internally,” Gallman says. A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%).

Community Bank 159

Community Bank Community Fintech Risk Management 159

Abrigo

SEPTEMBER 16, 2019

This is not a new philosophy and has long been stated in the FFIEC Exam Manual but the Statement refocuses the Agencies to use more resources where there is higher risk among the financial institutions and fewer resources for the lower-risk institutions. This means that exam scoping for each institution will vary.

Resources 150

Resources Regulation Software Risk Management 150

Abrigo

OCTOBER 8, 2014

Risk management. Of those asking for regulatory relief, many argued that banking regulations are hurting the economy. Jeff Plage , chairman of the American Bankers Association (ABA), argued that regulations hurt the economy through less credit in local communities. Managing Risk. Risk analysis.

Community Bank 191

Community Bank Community Strategy Risk Management 191

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

SEPTEMBER 10, 2021

The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations. BSA Rules and Regulation. BSA Rules and Regulation. Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

APRIL 21, 2023

Regulators have highlighted the importance of credit risk review to provide ongoing feedback on lending processes and support accurate estimates for the allowance for credit losses (ACL) or the allowance for loan and lease losses (ALLL). Watch a video on how loan review helps financial institutions achieve growth goals.

Lending 195

Lending Risk Management Software System 195

Abrigo

JUNE 23, 2017

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach. It could compromise institutions’ risk management effectiveness and ultimately hurt the institution.

Policies 150

Policies Risk Management Survey FDIC 150

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. You might also like this resource: "BSA/AML risk assessment checklist." READ Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment.

Fraud 195

Fraud Compliance Examples Analysis 195

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. The timing will undoubtedly put pressure on regulators to push through strong regulation. Access controls and identity management.

Cyber Security 100

Cyber Security Regulation Security New York 100

PYMNTS

SEPTEMBER 29, 2017

However, interest rates, FX, commodity and derivatives risk, as well as operational risk, should not be disregarded.”. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks. Risk management, he continued, isn’t just about responding to threats.

Fintech 141

Fintech Risk Management Compliance Management 141

Abrigo

JULY 6, 2017

The Examiner’s Guide outlines the NCUA’s expectations of credit union commercial lending programs, and the regulator recommended credit unions understand how their own commercial lending programs may vary from those expectations. Having extensive, well-documented risk management procedures is key.

Risk Management 170

Risk Management Lending Policies Management 170