Perficient

NOVEMBER 4, 2024

CFTC The Commodity Futures Trading Commission’s (“CFTC”) which regulates derivatives market activity, not particular technologies, issued in January 2024 a Request For Comment on current and potential uses and risks of AI in CFTC-regulated derivatives markets. However, in 2024 the FDIC reduced its public-facing role.

FDIC 170

FDIC Regulation Risk Management Compliance 170

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.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Perficient

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.

Resources 221

Resources Risk Management eBook Strategy 221

Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks.

New York 221

New York Compliance Regulation Analysis 221

Abrigo

NOVEMBER 22, 2024

This article covers these key topics: Benefits of FRAML for risk management Potential drawbacks of the FRAML approach Factors to consider in decision-making What is FRAML? At its core, FRAML is about taking a more holistic approach to financial crime risk management. Staying on top of fraud is a full-time job.

Fraud 195

Fraud Training Risk Management Compliance 195

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry.

Compliance 221

Compliance New York Regulation Analysis 221

Jeff For Banks

JULY 1, 2024

Financial Markets Update – Second Quarter 2024 A dream vacation! That and getting consumed by Euro 2024 and Copa America soccer and of course, the Phillies. In July 2024, we will mark two years of inversion between the 10-year Treasury and the 2-year Treasury yields. for 2024 and 2.0% It was so beautiful and lots of fun.

Marketing 119

Marketing Conference Policies Survey 119

South State Correspondent

JANUARY 30, 2024

In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. For perspective, 2023 and what we expect for 2024 can be characterized as keeping up with revenue. of total expenses; in 2024, this number is expected to be 11.2%.

Capital 195

Capital Operations Customer Experience Comparison 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For A proactive approach to risk management involves continuous monitoring and adjustment.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

DECEMBER 20, 2024

Managing the profitability of loans and deposits in a volatile interest rate environment will be a key focus for banks and credit unions, he said. Focusing on the economy, credit risk, and allowances Another rate-related issue that managers of credit portfolio risk management will face is economic uncertainty.

Management 195

Management Risk Management Trends Lending 195

Jeff For Banks

OCTOBER 2, 2024

Financial Markets Update – Third Quarter 2024 I had a fantastic September traveling to France and Luxembourg with my sisters. Between December, 2022 and March, 2024, M2 declined on a y-o-y basis, which was the first time that has happened since 1931 to 1933. trillion for fiscal 2024 compared to -$1.7 6 Money Stock report.

Marketing 119

Marketing North Carolina US Community 119

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis 195

Analysis Industry Risk Management Lending 195

Perficient

JUNE 25, 2024

Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI. Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach. On June 6, Acting Comptroller of the Currency, Michael J.

Case Study 221

Case Study Risk Management Analysis Innovation 221

South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. This first bank failure in 2024 is reported to cost the Deposit Insurance Fund $667mm. With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank.

Risk Management 195

Risk Management Security Management Groups 195

Abrigo

SEPTEMBER 17, 2024

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance."

Strategy 221

Strategy Risk Management Lending Management 221

Abrigo

NOVEMBER 13, 2024

Thousands of banks, credit unions, and accounting firms use our risk management and lending solutions, contributing to this cooperative data model for banking intelligence. Early 2024 figures show a dip in DSCR to 4.62x. Nearly all U.S. However, leverage continues to improve.

Lending 221

Lending Meeting Data Risk Management 221

Perficient

JANUARY 3, 2024

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. What’s New? Reduction in inspection frequency from annually to every three years. Contact us today!

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

FEBRUARY 16, 2024

Foster a collaborative environment where both parties can share insights and make informed decisions together, leading to more efficient scheduling and risk management. Collaborate effectively: Credit is a holistic process that requires collaboration between analysts and lenders.

Training 195

Training Risk Management Analysis Policies 195

American Banker

SEPTEMBER 24, 2024

trillion-asset megabank and is making progress on streamlining management layers and making investments in risk management. The Citi CEO has been focused on revamping the $2.4

Risk Management 78

Risk Management Management 78

Abrigo

JULY 20, 2024

Pruis Examining federal Call Report data from 2016 to Q1 2024 for banks with assets of $70 billion or less, Cornerstone found that only one in 10 institutions that started in 2016 with less than 18% of its portfolio in C&I was able to increase that percentage by 2023. However, most don’t measurably increase C&I from year to year.

Lending 195

Lending Risk Management Management Capital 195

Jeff For Banks

MARCH 21, 2024

2024 could exceed -$2.0 DLJ 03/15/24 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis. It is mismanagement of the worst kind as budget deficits explode; the fiscal year 2023 deficit was -$1.7

Marketing 111

Marketing Policies Report Atlanta 111

Abrigo

OCTOBER 17, 2023

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. As the industry continues to evolve, change management remains a cornerstone, enabling financial institutions to innovate, adapt, and deliver exceptional value to their stakeholders.

Management 195

Management Lending Risk Management Strategy 195

South State Correspondent

JUNE 18, 2024

Many banks that believed they had a conservative and properly matched mix of funding and assets in 2020 and 2021, were negatively surprised in 2023 and 2024 when deposits migrated from demand deposit accounts to interest-bearing accounts, placing pressure on cost of funding and NIM. This hardly makes sense.

Community Bank 195

Community Bank Community Risk Management Management 195

Abrigo

OCTOBER 15, 2024

See data related to staffing and challenges from Abrigo's 2024 Loan Review Survey keep me informed Get loan review benchmarks Webinar How to confidently navigate AI: 5 Ways to leverage at your financial institution Read More Webinar Crafting an effective Q factor framework for CECL Read More Webinar Effective risk management: Controlling liquidity (..)

System 243

System Operations Risk Management Marketing 243

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., This effort carries out the personal financial data rights established by the Consumer Financial Protection Act of 2010 (CFPA).

Compliance 221

Compliance Data Cards Meeting 221

BankInovation

JANUARY 18, 2024

Discover Financial Services invested in its integrated digital banking model, risk management, analytics and compliance initiatives in 2023 and expects to continue those efforts this year.

Digital Banking 72

Digital Banking Analytics Risk Management Compliance 72

Abrigo

FEBRUARY 6, 2024

According to fraud strategists , check fraud is projected to soar to $24 billion in 2024. Controlling fraud risks should be an important part of it. At the same time, check fraud is increasing dramatically. which lost $135 million to check fraud in 2023 through Sept ember 30.

Fraud 221

Fraud Training Trends Regional 221

Abrigo

DECEMBER 10, 2024

The increasing threat of elder fraud On December 4, 2024, FinCEN, along with the supervisory agencies, issued a s tatement on e lder f inancial e xploitatio n, or elder fraud. The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime.

Fraud 195

Fraud Training Software social media 195

Perficient

APRIL 18, 2024

Without open banking, consumers struggle to switch between bank deposit and lending offerings.

Cards 221

Cards Data Regulation Apple 221

Abrigo

SEPTEMBER 6, 2024

FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." Here is what you need to know.

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

APRIL 25, 2024

The negative correlation of funded business loans to the Fed funds rate is a staggering 86% as businesses weigh their needs for capital against expensive debt and lenders aim to limit risk. Indeed, most small businesses require external financing to survive and grow. 1 appeared first on Abrigo.

Lending 221

Lending Trends Capital Strategy 221

Gonzobanker

JUNE 6, 2024

The hacker group ShinyHunters allegedly breached Ticketmaster’s data in late May 2024, including credit and debit card information for over 560 million consumers worldwide. Account takeover fraud accounts for 12% of losses according to Alloy’s 2024 State of Fraud Benchmark Report. That’s more than 2.5 So, what will happen to U.S.

Fraud 158

Fraud Data Cards Software 158

South State Correspondent

APRIL 30, 2024

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. More sophisticated entities can handle a higher ratio because they possess system and managerial sophistication to manage the risk. Community banks do this profitably by turning transactional accounts into relationships.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. More sophisticated entities can handle a higher ratio because they possess system and managerial sophistication to manage the risk. Community banks do this profitably by turning transactional accounts into relationships.

Community Bank 195

Community Bank FDIC Community National 195

Abrigo

APRIL 22, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Between 1994 and 2020, nearly a third of new employer establishments didn’t last more than two years, and the 15-year survival rate was 26%.

Lending 243

Lending St. Louis Community Marketing 243

American Banker

MARCH 20, 2024

How the FDIC, the Federal Reserve and other regulators are working to keep banks in compliance through 2024.

FDIC 83

FDIC Compliance Regulation Risk Management 83