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." Are there many regulatory requirements?

Analysis 195

Analysis Industry Risk Management Lending 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 download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 221

Fraud Risk Management Training Software 221

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

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

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New? Reduction in inspection frequency from annually to every three years.

Compliance 221

Compliance Risk Management Regulation Industry 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 195

Lending Meeting Data Risk Management 195

Abrigo

JULY 20, 2024

Takeaway 3 To fully capitalize on the forthcoming C&I wave, institutions need the right products, systems, people, and technology. Credit risk : In C&I lending, at least part of the collateral is intangible. Takeaway 2 Cornerstone Advisors sees the potential for a $1.7

Lending 195

Lending Risk Management Management Capital 195

Abrigo

OCTOBER 17, 2023

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. Why change management helps banks and credit unions: Enhanced adaptability : Financial institutions are subject to numerous regulatory changes, technological advancements, and market fluctuations.

Management 195

Management Lending Risk Management Strategy 195

Abrigo

FEBRUARY 16, 2024

Embrace technology: Unlike in the past, today's banks have access to advanced systems that can streamline scheduling processes, such as loan administration software. Foster a collaborative environment where both parties can share insights and make informed decisions together, leading to more efficient scheduling and risk management.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

FEBRUARY 6, 2024

Yet despite warnings about the high prevalence and high costs of check fraud, many banks and credit unions operate without systematic fraud prevention programs or lack the technology to combat check fraud. According to fraud strategists , check fraud is projected to soar to $24 billion in 2024.

Fraud 221

Fraud Training Trends Regional 221

Abrigo

SEPTEMBER 30, 2024

Takeaway 2 When insights from fraud and AML teams are combined, the institution can connect the dots faster and with more accuracy, resulting in quicker resolutions and reduced risk. Takeaway 3 Modernizing AML/CFT programs with shared case management aligns with FinCEN's emphasis on innovation and streamlining processes.

Management 195

Management Fraud Software Compliance 195

South State Correspondent

NOVEMBER 6, 2024

The conference is all about sales, partnerships, and deal-making, with 2024 being right at the baseline. The fintechs were all looking to acquire a more diverse set of bank partners while the traditional BaaS banks (now fewer) were working on a combination of client retention and improved risk management.

Conference 195

Conference Payments Fraud Apple 195

Abrigo

FEBRUARY 8, 2024

Fraud schemes, evolving with technology, are more sophisticated and more complex to detect. Check fraud alone, the most significant current fraud threat, is projected to create losses of $24 billion in 2024. Fraudsters have adjusted their tactics as technology has changed. The Federal Trade Commission (FTC) reports that U.S.

Fraud 195

Fraud Resources social media Software 195

American Banker

JUNE 21, 2024

Ross helped build your favorite company's favorite risk management solution — Fraud.net.

Fraud 68

Fraud Risk Management Management Company 68

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 190

Fintech Community Regional Technology 190

Abrigo

APRIL 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. 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.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

MAY 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. 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.

Lending 195

Lending St. Louis Community Marketing 195

PYMNTS

JUNE 27, 2018

Industries of all shapes and sizes are looking to use the insights and capabilities offered by the emerging and evolving technology, and it’s now making an impact in the financial services space, too. That’s for good reason, too, according to Chris Ward, executive vice president and head of product management for PNC Treasury Management.

Digital Banking 148

Digital Banking Technology Management Risk Management 148

Abrigo

FEBRUARY 14, 2023

That timeline would put the compliance deadline around October 2024. In addition to automation, which is vital for efficiently using staff and reducing errors, financial institutions should consider whether a third-party resource, such as dedicated risk management consultants or advisors, would benefit them.

Data 195

Data Lending Compliance Resources 195

Fintech Labs Insights

AUGUST 22, 2024

Europe 2024 (London): Corsound AI: AI company advancing in sound recognition technologies, expanding market reach, receiving favorable industry reviews and increasing investment interest. Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe.

San Francisco 15

San Francisco New York San Jose Tools 15

FICO

JANUARY 8, 2020

Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM). billion in 2024, at a CAGR of 15.9%. At long last, fraud and compliance infrastructures are starting to converge. I’m not the only one who foresees big growth in TPRM.

Compliance 52

Compliance Fraud New York City Analytics 52

FICO

JUNE 16, 2023

Major Trends & Themes for Customer Experience/Management Customer expectations have changed dramatically during the last few years, and skyrocketing demand for streamlined digital experiences has led to the rapid adoption of technologies. We hope to see you at FICO World 2024 : April 15-19 in San Diego, California!

Trends 52

Trends Management Customer Experience Resources 52

FICO

JANUARY 19, 2023

While UK support will continue through 2023, and possibly into 2024, we can expect to see it provided on a more targeted basis as governments face rising debt burdens as a proportion of GDP. Here are my three predictions for risk management and customer treatment in 2023.

Lending 52

Lending Strategy Analytics Data 52

FICO

JUNE 14, 2021

of North American e-commerce payments by 2024, up from 1.6% For banks with their own BNPL offering, a multi-layered approach to risk management and fraud protection is critical. Banks can deploy additional sophisticated technology measures to reduce card fraud. BNPL saw significant growth in the U.S. during the pandemic.

Fraud 52

Fraud Cards Millennials Utah 52

Jeff For Banks

MARCH 5, 2022

Investors have seen this movie before and are fearful of recession in 2023 or 2024. Productivity has been on the rise, with capital investment in technology and machines, and may serve to keep unit labor costs in check and profit margins stable. Credit spreads have begun to widen. Enjoy and thanks for reading!

Marketing 78

Marketing Policies Community Bank Community 78

FICO

JANUARY 5, 2023

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. Meanwhile, the National Institute of Standard and Technology is expected to release its AI Risk Management Framework in 2023.

Policies 52

Policies Company Regulation Risk Management 52