Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Takeaway 2 In 2023, KYC should both strengthen your AML program and personalize services to support clients' individuality and value.

Compliance 195

Compliance Community System Training 195

Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns. Some credit unions discussed the expected effects of CECL adoption in 2023 in a separate section of their plans.

Risk Management 195

Risk Management Policies Capital Maine 195

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. No fraud decrease likely for 2023. Current economic indicators do not bode well for fraud stabilization in 2023.

Trends 195

Trends Fraud cryptocurrency Software 195

Abrigo

DECEMBER 26, 2024

Regulators are paying attention to whether or not financial institutions are properly staffed on a risk basis," said Abrigo Senior Financial Crime Investigator Joann Millard. Financial crime fighters also often describe a struggle to find and retain experienced employees who truly understand AML and compliance.

Fraud 195

Fraud Compliance South Dakota Resources 195

Abrigo

JANUARY 24, 2025

Issuance of commercial mortgage-backed securities (CMBS) rebounded sharply in 2024, with volume jumping 155% year-over-year to more than $100 billion. However, office properties struggled to attract lenders, with their share of CMBS issuance shrinking to under 8% by late 2024, compared to 20% in early 2023.

Lending 221

Lending Trends Risk Management Management 221

Abrigo

FEBRUARY 28, 2025

Phishing scams Phishing scams involve fraudsters impersonating legitimate entitiessuch as banks, government agencies, well-known companies, or business contactsto trick individuals into providing sensitive information like login credentials, Social Security numbers, or financial details. Start or enhance a customer fraud prevention plan.

Fraud 221

Fraud social media Training Community 221

Perficient

AUGUST 26, 2022

With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators. Agency debt securities. Asset-backed securities (ABS). Agency pass-through mortgage-backed securities (MBS). Current Time Requirements.

Report 275

Report DC Security System 275

Abrigo

JANUARY 31, 2025

The Federal Trade Commission (FTC) reports a staggering $10 billion in consumer losses to fraud in 2023, up from $3.5 Loose government regulation : The lack of regulation in the crypto space can create opportunities for fraudulent schemes. billion in 2020. Global targeting: The U.S. Never pay a fee to get a job.

Fraud 195

Fraud social media cryptocurrency Software 195

PYMNTS

AUGUST 10, 2018

A new report has found that over 33 billion records will be stolen by cybercriminals in 2023 alone. That is because the country has a great deal of national and international consumer and corporate data in a disparate range of institutions and regulations, making it easier to find and exploit weaknesses. by 2023.

Analysis 108

Analysis Data Analytics National 108

Perficient

OCTOBER 1, 2024

Just before Christmas in 2023, December 23, 2023, to be precise, the Federal Deposit Insurance Corporation (“FDIC”) Board of Directors gave a Christmas gift that was the equivalent of coal in their stocking. Contact us to discuss your specific risk and regulatory challenges.

FDIC 193

FDIC User Experience Mobile Meeting 193

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. 1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. Finalization is expected as early as 2023. Quick Stat.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

Tools 195

Tools Regulation Data Resources 195

Gonzobanker

AUGUST 24, 2023

Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however.

Innovation 148

Innovation United States Technology Industry 148

Bank Innovation

APRIL 3, 2019

Regulations such as PSD2 and GDPR (General Data Protection Regulation) have put regtech companies at the front and center of the global fintech ecosystem. billion by 2023. In fact, a recent report shows that the global regtech market is expected to grow from $4.3 billion last year to $12.3

Regulation 170

Regulation Fintech Data Marketing 170

Perficient

NOVEMBER 21, 2024

The compliance deadline, however, depends on the firm’s total receipts from calendar years 2023 and 2024. The ruling demands action from all non-depository firms (e.g., April 1, 20 26 : $250B+ total assets April 1, 20 27 : $10B to <$250B total assets April 1, 20 28 : $3B to <$10B total assets April 1, 20 29 : $1.5B

Compliance 221

Compliance Data Cards Meeting 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

BankUnderground

FEBRUARY 27, 2025

Carlos Can Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. How much do financial regulators care about growth? What happens when several regulators have a growth objective?

Regulation 52

Regulation Strategy Mobile Analysis 52

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam 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 30 risk management articles on its industry-focused blog in 2023.

Fraud 221

Fraud Training Compliance Trends 221

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

MARCH 8, 2019

Consumers in the European Union (EU) are adjusting to Payments Service Directive 2 (PSD2) and General Data Protection Regulation (GDPR), even though these regulations focus on bringing greater trust through transparency. 579 million: The number of biometric cards that will be in use by 2023. All this, Today in Data.

ATM 189

ATM Regulation Fraud Data 189

PYMNTS

JUNE 24, 2020

The B2B firm said it works with “leading money transfer operators, mobile wallet operators and financial institutions to facilitate digital transactions without borders,” and is regulated in more than 45 countries around the world. That’s up from $601 billion in 2016.

Payments 243

Payments Fintech Course Operations 243

Abrigo

MAY 30, 2023

DOWNLOAD Takeaway 1 The effective date of the CFPB's new rule based on Section 1071 of the Dodd-Frank Act is June 28, 2023. 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. But compliance deadlines are tiered.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Find out what auditors and regulators will be looking for as it relates to CECL.

FDIC 195

FDIC Regulation Strategy Data 195

Abrigo

MARCH 12, 2021

Board updates are vital for CECL 2023 adopters. CECL updates for directors are critical for financial institutions transitioning to the current expected credit loss (CECL) standard in 2023. It's also beneficial for helping management secure buy-in from key operations involved in the transition. Communicating CECL. WATCH WEBINAR.

Resources 195

Resources Management Capital Meeting 195

BankBazaar

JANUARY 14, 2025

Year Of Secured Loans Retail lending grew by 16% to 5.2 Secured loans led the way: home loans, the largest retail lending category, rose by 18% (up from 14% last year) and gold loans surged 56%, marking the fastest growth across all categories. Loan against securities which had shrunk by 6% last year also grew by 16% year on year.

Report 78

Report Trends Cards Metro 78

PYMNTS

FEBRUARY 4, 2020

Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general consumers is rapidly rising. Security Concerns Mount . SCA Questions Stall Innovation. Many EU countries have decided upon Dec.

Fraud 144

Fraud Regulation Compliance Innovation 144

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

Abrigo

JANUARY 27, 2020

The National Credit Union Administration (NCUA) has been working on their share of goal setting, as they have released their 2020 supervisory priorities for credit unions, regulation updates, and the agency’s modernization programs. “We Don’t wait for examinations, or even worse, a breach in security to begin focusing on cyber threats.

Risk Management 195

Risk Management Regulation Report Management 195

Perficient

JANUARY 23, 2024

However, as remote work has become the new norm, the Securities Exchange Commission (SEC) has provided its approval to revise Rule 3110, easing the requirements for brokers choosing to work from home. Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations.

Compliance 221

Compliance Regulation Industry Maine 221

Perficient

JANUARY 3, 2024

However, as remote work has become the new norm, the Securities Exchange Commission (SEC) has provided its approval to revise Rule 3110, easing the requirements for brokers choosing to work from home. Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations.

Compliance 221

Compliance Risk Management Regulation Industry 221

Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. By the time people started speaking of Y2K , regulators were accepting documents from the bank prior to starting the onsite examination.

Compliance 221

Compliance FDIC Tools Leadership 221

American Banker

DECEMBER 26, 2023

The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission. JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change.

Regulation 90

Regulation Security Operations Report 90

PYMNTS

OCTOBER 29, 2020

trillion by 2023. Customers expect payments to be as fast and friction-free as any other part of their digital lives, and providers are faced with the challenge of meeting this expectation while also ensuring that payments are secure and compliant with regulatory requirements. How Cloud Innovations Augment Business Payments.

Payments 213

Payments Fraud Meeting Security 213

PYMNTS

DECEMBER 18, 2019

UK Regulator Looks To Expand Open Banking Beyond Banking. Apple Expected To See Booming Wearables Demand Through 2023. The International Data Corporation forecasted the worldwide “earwear” market to nearly double by 2023. Marijuana companies are hurting from a looming cash crunch and restrictive regulations in the U.S.

Apple 130

Apple Fraud Payments Regulation 130

FICO

DECEMBER 1, 2022

4 AI Predictions for 2023: From the Great Correction to Practical AI. A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. Here are my predictions for Practical AI in 2023: 1. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11.

Analytics 98

Analytics Phoenix San Diego Tools 98

Abrigo

FEBRUARY 8, 2024

consumers lost billions of dollars due to fraud during 2023. Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. billion was lost to fraud through social media between January 2021 and June 2023.

Fraud 195

Fraud Resources social media Software 195