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Managing your credit union’s loan data

Abrigo

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. These data silos make it all the harder for credit unions to begin data archiving.

Data 150
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The way we bank is radically changing too

Chris Skinner

Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017. These changes have empowered customers in the way they choose to manage their finances.

Mobile 286
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CECL is a hot topic at Sageworks Risk Management Summit

Abrigo

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Some meeting participants, however, expressed skepticism that this timing would hold true.

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Forbearance lending as a crisis management tool

BankUnderground

Firms that received payment deferrals experienced a period of subsidised credit before returning to higher interest rates (potentially higher than before the policy).

Lending 52
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Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

Intuit , maker of QuickBooks, has inked a deal to purchase inventory and order management technology provider TradeGecko. TradeGecko, which is located in Singapore and works with clients in over 100 nations, was started in 2012 by CEO Cameron Priest and CTO Bradley Priest.

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Coinbase Files With SEC For 2021 IPO

PYMNTS

The IPO filing marks the endpoint of Coinbase's years of development, coming a long way from its 2012 debut to now host around 35 million users. All of this has helped bitcoin become one of the best-performing assets this year. In August, Coinbase debuted a new feature to offer bitcoin-backed cash loans, PYMNTS reported.

Bitcoin 271
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Bank Managers Tied To AML Investigation In Brazil

PYMNTS

Police in Brazil have raided the residences of managers of Banco do Brasil in connection to their part in a money-laundering scam worth $48 million. Police are looking into accusations that the managers were a part of laundering the money between 2011 and 2014. .