Abrigo

AUGUST 28, 2022

In Abrigo’s 2021 Business Lending Process Survey , two-thirds of respondents said their financial institution re-entered the same data point for a loan in another field or system up to five times. Inconsistencies in the application of institutional lending policies are a recipe for risk management challenges.

Lending 195

Lending System Analysis Data 195

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls. If so, how is this monitored?

Fraud 195

Fraud Compliance Examples Analysis 195

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Darryl Knopp wrote: For banks with their own BNPL offering, a multi-layered approach to risk management and fraud protection is critical. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Jeff For Banks

JULY 1, 2024

Lower GDP means lower inflation but it may also mean lower tax receipts. Maybe everyone will forgive the Fed and people like myself in 2021 for initially thinking inflation would be “transitory” because of supply shocks. Debt service payments for the government are accelerating at an unsustainable pace. Thanks for reading!

Marketing 119

Marketing Conference Policies Survey 119

FICO

JUNE 1, 2023

Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 Rates typically peak after holiday shopping then come down as consumers receive their tax refunds and use it to pay down debt. year-over-year, respectively).

Trends 52

Trends Industry US Cards 52

Jeff For Banks

MARCH 21, 2024

No one will forget the inflation that followed in 2021 to 2023, started first by supply chain issues, but then fueled by the Fed’s purchases and the obscene amount of cash handed out by the federal government. No one will forget how quickly stocks plunged and recovered. M2 growth was out of control at over 20%. Real GDP was +3.2%

Marketing 111

Marketing Policies Report Atlanta 111

Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 138

Fintech Strategy Leadership Lending 138

Jeff For Banks

JUNE 2, 2023

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. The Fed Funds rate was zero in December 2021. The Y2K scare also had companies pouring money into tech firms. Good times.

FDIC 60

FDIC Community Bank Regulation Lending 60

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. The latest guidance from 2021 is clear on the use of MFA.

Conference 195

Conference Payments Fraud Data 195

Fintech Labs Insights

AUGUST 22, 2024

Stratyfy: Raised $12M, decision intelligence technology gaining traction, particularly in risk management. Spring 2022 (San Francisco): Array: Credit and identity management platform, seeing increased adoption due to robust features and user-friendly interface.

San Francisco 15

San Francisco New York San Jose Tools 15

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. 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.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

FEBRUARY 15, 2023

Introduction Incorporating the AML/CFT priorities into a risk assessment Not all risks to a financial institution are equal. Since the AML/CFT priorities are still relatively new, the residual risk is most likely considered low to moderate when solid mitigating processes are in place. Be ready for AMLA-related changes.

Fraud 195

Fraud United States Training Trends 195

Jeff For Banks

NOVEMBER 16, 2020

The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. Projections for 2021 are at about +7.0% The markets are taking it all in stride, rallying strongly for most of this week and they seem more grateful for the prospect of a divided Congress, i.e, year-over-year.

Marketing 60

Marketing National New York City Taxes 60

Jeff For Banks

DECEMBER 19, 2024

People are feeling the effects of cumulative inflation, up 20% since early 2021, and high prices and they need strong wage growth (on a real basis above inflation) to catch up. Stocks rallied wildly during November at the promise of lower taxes and an improved business environment. Inflation was a critical issue this election cycle.

Marketing 119

Marketing New Jersey Trends Report 119