Perficient

JUNE 25, 2024

In his speech, Hsu emphasized that the rapid adoption of technology during periods of change, without corresponding adjustment in controls, allows risks to grow undetected until they culminate in financial crises.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Perficient

AUGUST 16, 2023

He was promoted to President and CEO in 2008. Many of Perficient’s clients are now proactively utilizing a Risk and Control Self-Assessment (RCSA) approach to ensure their firms utilize an ounce of prevention to avoid a pound of regulatory cure, and avoid becoming headlines in the Wall Street Journal.

United States 221

United States Kansas FDIC Risk Management 221

Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis.

Guidelines 223

Guidelines Payments Lending Capital 223

Abrigo

MARCH 6, 2015

While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Abrigo

JULY 20, 2024

2004-2008: 82.6% Credit risk : In C&I lending, at least part of the collateral is intangible. The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. 2010-2023: 137.3% trillion, Pruis said.

Lending 195

Lending Risk Management Management Capital 195

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Effective stress testing can benefit many different facets of lending, from risk management and strategic decision-making to capital adequacy and liquidity management. Stress testing and risk management.

Lending 150

Lending Risk Management Analysis Capital 150

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. More than six months after the coronavirus reached the U.S.,

Management 195

Management Risk Management Trends Industry 195

PYMNTS

SEPTEMBER 18, 2018

The conversation also underscored the growing important of currency hedging, foreign exchange and risk management for businesses of all types. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? So, what is the state of the global economy these days?

Risk Management 155

Risk Management Strategy Software Management 155

PYMNTS

JUNE 20, 2017

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted.

Big Data 119

Big Data Data Risk Management Compliance 119

Abrigo

NOVEMBER 19, 2015

For banks that have not acquired or merged since 2008, the top reasons for not doing so were preference to grow organically (32 percent), target prices too high (16 percent) and compliance and/or regulatory issues (14 percent). • Respondents were asked which areas their bank has improved infrastructure in over the past three years. . •

Survey 150

Survey Risk Management Industry Compliance 150

Abrigo

JULY 28, 2021

Following the 2007-2008 financial crisis, the CECL model aimed to provide more timely adjustments of reserve levels than the existing incurred loss method. Our dedicated risk management experts are ready to help you transition to CECL with confidence. Portfolio Risk & CECL. Portfolio Risk & CECL.

Risk Management 195

Risk Management Operations Trends Data 195

PYMNTS

MAY 27, 2020

Newkirk has held multiple leadership roles at Capital One since 2008, most recently as president of Small Business, International & Walmart Partnership. The executive headed up a diverse tram of associates throughout six businesses, and he served on the Capital One Executive Committee as of 2016.

Strategy 131

Strategy Leadership United States Washington 131

Abrigo

AUGUST 30, 2022

Participation loans were given a bad name after the financial crisis of 2008, but with the proper due diligence, banks and credit unions can leverage them to help grow their loan portfolios, Newberry said. Risk management. Keys to mitigating risk. Credit Risk Management. Lending & Credit Risk.

Strategy 195

Strategy Lending Risk Management Analysis 195

Abrigo

APRIL 19, 2022

As the OCC’s Internal Guidance from April 9, 2008, explains: An analysis of the guarantor’s global cash flow should consider inflows, as well as both required and discretionary cash outflows from all activities. Different people calculating GCF in different ways will result in poor loan, pricing, and risk rating decisions.

Analysis 195

Analysis Taxes Lending Examples 195

PYMNTS

JUNE 26, 2018

The SBA and AICPA have been working together since 2008, the entities noted. The Small Business 7(a) Lending Oversight Reform Act would enhance the SBA’s credit risk management and lender oversight review process, while requiring the administration to detail its oversight budget and perform complete annual analysis of its program.

Groups 101

Groups National Compliance Lending 101

South State Correspondent

AUGUST 7, 2024

The question is interesting given that almost every bank is going after the high-balance commercial customer, and most do that by highlighting their analyzed transaction account product within treasury management. Background on Account Analysis After the 2008 financial crisis, the Dodd-Frank Act was passed in 2010.

Analysis 195

Analysis How To Strategy Management 195

BankInovation

MAY 24, 2021

While this practice has its merits, a vendor’s operational weaknesses, financial instability or inappropriate conduct can create significant third-party risk that threaten a bank’s institutional standing and market fundamentals. In the aftermath of the 2008 financial […].

Trends 98

Trends Operations Marketing Risk Management 98

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015.

Community Bank 150

Community Bank Community Regulation Survey 150

PYMNTS

AUGUST 30, 2018

Although Deutsche Bank says it knows it cannot return to the market domination it enjoyed before the 2008 financial crisis, according to Reuters reports on Wednesday (Aug. It would be “too risky” to allow non-European banks to lead the way of financing and risk management in Europe, Sewing added.

Leadership 100

Leadership Risk Management Conference Report 100

PYMNTS

SEPTEMBER 14, 2016

’s Faster Payments initiative, which traces its genesis to 2008, has seen fraud losses around online banking grow from £22.6 million in 2008 and then to £59.7 million in 2007 to £52.5 million in 2009, before new and more sophisticated security measures took effect.

Fraud 100

Fraud Payments Customer Experience Exercises 100

Insights on Business

MARCH 19, 2018

The cost of not being compliant is astronomical – since 2008, more than $50 billion in fines have been paid. IBM Watson Regulatory Compliance is a cognitive cloud solution that streamlines compliance management, while improving risk management and reduces costs and complexity.

Compliance 135

Compliance Meeting Regulation Comparison 135

BankInovation

APRIL 28, 2023

Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked board effectiveness, risk management and internal audits within its operations, and had 31 outstanding supervisory warnings when the bank collapsed in March.

Management 52

Management Risk Management Regulation Operations 52

Abrigo

JUNE 19, 2020

The 2008 financial crisis exposed significant weaknesses of relying on incurred losses. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. SBA Lending. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies. Learn More. Learn More.

Lending 195

Lending Data Training Analysis 195

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Lending & Credit Risk. Portfolio Risk & CECL. Cyber Complications for Vendor Risk Management. Attain growth through M&A, new partners. In 2018, the number of banks declined by almost a third to 4,708 institutions. Learn More.

Lending 195

Lending Fraud Community FDIC 195

Perficient

MAY 17, 2022

And if all this wasn’t enough to keep a credit risk manager from sleeping well at night, consider this: A recent Consumer Reports study found that auto loan portfolios may be riskier than previously thought. In 2008, when the housing bubble burst, homeowners lost the houses they could no longer afford. It’s not pretty.

Strategy 294

Strategy Customer Experience Study Technology 294

ABA Community Banking

OCTOBER 8, 2018

Have we learned our lesson from the 2008 financial crisis? Technology Feature3 Management Risk Management Risk Adjusted Operational Risk Credit Risk. How do we ensure it doesn’t happen again?

Risk Management 45

Risk Management Operations Management Technology 45

Gonzobanker

JULY 10, 2020

Risk Management. Risk management was never out, but the level of investment and emphasis we saw during the early part of the 2008-2009 crisis lessened during the past four to five years. Regulators are now ramping that back up, and model risk management focused on portfolio risk is going to top the list.

Risk Management 88

Risk Management Capital Strategy social media 88

South State Correspondent

MARCH 14, 2024

Risk management also needs to change. Finding your bank tied to a rural area that is decreasing in size and profitable demographics is your bigger risk. Blockbuster produced near-record traffic at 3.5mm customers and revenue of around $5B in 2008 only to see both drop to near-zero by 2010 when it had to declare bankruptcy.

Innovation 195

Innovation Strategy Capital Comparison 195

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Risk Ratings. We know 2020 stunk,” he said. “As Learn More.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Risk Ratings. We know 2020 stunk,” he said. “As Learn More.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

JULY 25, 2016

The consumer loan used to be a safe bet for the big banks, until the financial quicksand of 2008 tore the rug out from under the rules as they were. Now, the pillars of Wall Street are bracing themselves for another long-awaited shockwave of the credit ratings bubble.

Capital 100

Capital Lending Groups Report 100

Insights on Business

FEBRUARY 6, 2018

According to Boston Consulting Group, banks across the world have paid nearly USD 321 billion in fines since the financial crisis of 2007 and 2008, as the regulators are more focused than ever on compliance. Financial crimes go beyond just the monetary fines; the risk of accompanying reputational damages are hazardous as well.

Compliance 87

Compliance Analytics Boston Regulation 87

TrustBank

APRIL 1, 2020

Although we began the year with a continuation of the long bull run up, before the quarter ended we witnessed the S&P 500 dropping over 35% from its peak and the first bear market since 2008. Absolute return, or our risk management strategies, helped to reduce the decline in portfolios.

Marketing 78

Marketing Washington Risk Management Strategy 78

PYMNTS

MAY 29, 2019

The ICC pointed to Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements that have also forced banks to reallocate resources and heighten risk management, similarly tightening banks’ trade financing capabilities.

Regulation 108

Regulation Compliance Capital Resources 108

BankUnderground

JUNE 25, 2020

There is a global market for these vendors, and a wide range of functions are provided, especially back-office functions such as HR and accounting services, as well as specialised risk management and product development activities. Third, financial services firms often need to transfer data globally to service customers.

Data 130

Data Big Data Regulation Risk Management 130

Celent Banking

DECEMBER 9, 2016

Eight years on from the 2008–2009 financial crises, global economic growth remains sluggish, hovering between 3.1% There are numerous examples of geopolitical events exacerbating volatility, uncertainty, and risks arising from the increasing interconnectedness of regions caused by globalization. since 2012.

Regional 100

Regional Management Fintech Strategy 100

Insights on Business

FEBRUARY 13, 2019

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

User Experience 79

User Experience Compliance Risk Management Training 79