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Own Your Program Management, Own Your Destiny

PYMNTS

Being a program manager isn’t easy. If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy.

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ALM 101: Intro to Asset/Liability Management-Part 5: Non-Maturity Deposits

Abrigo

Takeaway 3 Information from core deposit studies allows management to fund assets appropriately with non-maturity deposits. As noted throughout this “ Introduction to ALM ” blog series, a key aspect of asset/liability management (ALM) is managing assets and liabilities appropriately to generate and sustain margin.

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Effective model risk management and model validation in banking

Abrigo

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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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts. SoFi was valued at $4.8

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24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

A so-called “scheme manager” will be the central governing body, the online news service reported. In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system. This is not the first time that European banks have tried such a model.

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Construction loan and delinquency trends in 2023

Abrigo

You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH Takeaway 1 An S&P Global Market Intelligence report shows delinquencies leveling off and loans growing in the construction sector. Learn 10 ways construction loan management software can save you valuable time.

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Prescription Drug Discounter GoodRx Launches IPO

PYMNTS

If approved, GoodRx will be listed on the NASDAQ Global Select Market, under the ticker symbol “GDRX.”. Founded in 2011, GoodRx gathers drug prices on more than 70,000 U.S. It makes money by charging fees to pharmacy benefits managers who partner with it. Morgan and Barclays will act as IPO managers. Seelaus & Co.,

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