Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 2 Planning now and informing executive management of expected changes will enable NBFIs to move forward with anticipated rules and guidance.

Regulation 195

Regulation cryptocurrency Policies Management 195

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Cisco

MAY 10, 2022

We’re ALL IN at Cisco Live 2022. We’re excited for the in-person creative experiences, impactful speakers, and thought-provoking sessions June 12-16, 2022 in Las Vegas. Dan Nadir, Chief Product Officer at Theta Lake, discusses solving the security and compliance challenges of hybrid work. Cisco Live 2019 FSI booth.

Las Vegas 165

Las Vegas Industry Technology Leadership 165

Abrigo

MARCH 21, 2023

You might also like this video on managing interest rate risk. Takeaway 3 Diving deeper into depositor pricing and evaluating loan pricing to ensure compensation for the risk are among strategies to manage interest rate risk. 4.75% over the course of 2022 and 2023. 4.75% over the course of 2022 and 2023. billion – a 39.7%

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Bobsguide

MAY 14, 2022

May 2022 – Prometeia has been included by the European Central Bank in the panel of the highly qualified consulting companies that will be involved in the assistance to On-Site Inspections (OSIs) and Internal Model Investigations (IMIs) of Significant Institutions under the direct supervision of the Single Supervisory Mechanism (SSM).

Compliance 145

Compliance Risk Management Analysis Maine 145

PYMNTS

APRIL 29, 2019

To manage their complex payment operations, digital platforms have teams averaging six to 10 employees to support the three processing relationships. 67 percent : the share of platforms that rely on outside vendors to ensure transactional compliance. They estimated the cost of supporting these payment operations at an average of 2.7

Payments 170

Payments Survey America Study 170

Perficient

OCTOBER 15, 2024

In the banking sector, data governance is more than just a compliance checkbox. Banks process an astronomical amount of sensitive information daily—think trillions of transactions annually—and they need to manage that data efficiently and securely. million on average, according to a 2022 IBM report.

Tools 221

Tools Data Compliance Regulation 221

Perficient

SEPTEMBER 16, 2022

The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. These systems, risk management, and controls must cover: Operational risk , including: the risks of new, evolving technologies, the risk of hacking, fraud, theft, the risk of third-party relationships). Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. What will drive profit in 2022? Janet Silveria, Community Bank of Santa Maria.

Community Bank 144

Community Bank Community Lending Louisiana 144

Perficient

MARCH 3, 2021

The Covid-19 pandemic has accelerated multicloud adoption and research predicts that workloads primarily executed in cloud-based external environments will increase from 36% in 2020 to 63% in 2022. But a multicloud environment can create silos and expose a need to manage all that data. API management. Master data. Data privacy.

Data 309

Data Exercises Management Risk Management 309

CFPB Monitor

MAY 3, 2022

On April 28, 2022 the New York Department of Financial Services (“NYDFS”) issued its Guidance on Use of Blockchain Analytics , a document directed to all virtual currency business entities that either have a NYDFS Bitlicense or are chartered as a limited purpose trust company under the New York Banking Law.

Analytics 147

Analytics blockchain Compliance Policies 147

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

Management 147

Management Report Regulation Data 147

Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

Perficient

NOVEMBER 30, 2021

As always, the regulators’ main concern was to promote safety and soundness, consumer protection, and compliance with applicable laws and regulations, including anti-money laundering (AML) and illicit finance statutes and rules. 2022 Planned Roadmap.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. They’ve also focused on managing interest rate risk in a rising rate environment.

Lending 221

Lending Risk Management Community Management 221

Perficient

FEBRUARY 2, 2023

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. billion in 2021, a year-on-year growth of 65%.

Industry 471

Industry Trends social media Payments 471

Perficient

NOVEMBER 1, 2024

In November 2022, the Treasury Department explored opportunities and risks related to the use of AI in its report assessing the impact of new entrant non-bank firms on competition in consumer finance markets, for which the department conducted extensive outreach.

Regulation 221

Regulation US Community National 221

Abrigo

DECEMBER 2, 2021

Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022. Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Streamline and systematize loan review for 2022.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Abrigo, a leading technology provider of software solutions for financial institutions, published more than 85 unique articles on its industry-focused blog in 2022.

Fraud 195

Fraud Training Compliance Regulation 195

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. 1, 2024, is the earliest compliance deadline. Below are details on important dates for 1071 compliance and what the changes involve.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

MAY 9, 2022

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Conducting a staffing assessment can strengthen an institution's overall culture of compliance. Be sure to share these results and any findings with management.

Compliance 195

Compliance Fraud Regulation Resources 195

Perficient

NOVEMBER 10, 2023

However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. In table form, transaction account balances declined by almost 30% in the second quarter of 2022 as interest rates began to rise, later moderating in the latter half of the year.

Risk Management 221

Risk Management United States FDIC Compliance 221

Cisco

SEPTEMBER 20, 2022

2022 has been a bloodbath on Wall Street. Through it all, Bank, Insurance and Wealth Management decision-makers have face increased pressure to focus on three fundamental strategic priorities – Business Growth, Cost Reduction, and Risk Reduction – to accelerate digital transformation. Bear traps are everywhere. Threat of a recession.

America 118

America Video Compliance User Experience 118

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Without action, this temporary relief would have expired on June 30, 2024, and would have significantly impacted the industry due to an estimated 75% increase in residential non-branch locations between December 2019 and December 2022.

Compliance 221

Compliance Risk Management Regulation Industry 221

Perficient

NOVEMBER 17, 2023

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period. Contact us today!

Retail 221

Retail FDIC Risk Management Management 221

Abrigo

DECEMBER 22, 2023

Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023. Others explain common and emerging fraud trends that compliance staff are working to prevent. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. Hsu highlighted that each phase requires different risk management strategies and controls.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Teaching people about wise money management is a key part of the Credit Builder Account program, Bynum says. “We By Ed Avis. Methodology. Photo by Steve Puppe.

Community Bank 172

Community Bank Community National Philadelphia 172

Perficient

JANUARY 25, 2023

According to the Federal Deposit Insurance Corporation (FDIC), in 2000, there were 8,000 commercial banks in the United States, but as of March 2022, that number had dwindled to 4,194 operating physical bank branches.

Banking Trends 474

Banking Trends Trends United States FDIC 474

Perficient

JANUARY 4, 2022

As of January 3, 2022, one Bitcoin is valued at $46,920.48 – this recent dip in value comes alongside the panic over yet another new mutated variant of the COVID-19 virus. In 2019, Bank of America’s chief executive, Brian Moynihan, prohibited the company’s wealth managers from putting any client money into cryptocurrency-related investments.

cryptocurrency 309

cryptocurrency Marketing Bitcoin America 309

Independent Banker

DECEMBER 31, 2022

The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. CFPB issued Circular 2022-06 about two fee practices that it considers unfair and unlawful under existing law. Quick Stat. Source: FDIC. Multiple re-presentment fees.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

FEBRUARY 10, 2023

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. One critical aspect of the AMLA did make progress toward the end of 2022: the Corporate Transparency Act (CTA). The Final Rule for Beneficial Ownership Reporting was issued in September 2022.

Fraud 195

Fraud Training Regulation Compliance 195

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. And the data from January 2023 is already trending at nearly 10x increase over 2022. One striking fact about the increase in POCs was that 75% of the total compromise sites were new in 2022 (sites that had not been compromised before).

Cards 98

Cards US Data Fraud 98

Cisco

JANUARY 24, 2023

The purpose of this blog is to discuss a few ways in which tooling and automation capabilities can be used to satisfy the asset management requirements of the FFIEC Operations Guide. Financial institutions are regulated to be able to manage, secure, and audit their IT assets. Or the load balancers. Or virtual machines.

Meeting 118

Meeting Regulation Management Technology 118

Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices.

System 195

System Regulation How To Lending 195

Bobsguide

APRIL 27, 2022

Bank will accelerate its cloud strategy with Finastra’s Fusion KTP in the cloud, enabling faster access to innovation and a proactive approach to global treasury management. London, UK – April 27, 2022 – Finastra announced today that Orange Bank in France has selected Finastra’s corporate treasury management solution, Fusion KTP in the cloud.

Management 113

Management Innovation Operations Strategy 113