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Citi Fined $400M Over Faulty Risk Management Systems

PYMNTS

bank to fix the "significant ongoing deficiencies" in its risk management systems, The Wall Street Journal (WSJ) reported. In a consent order which Citi's board agreed to, the bank was chastised for failing in various areas of risk management and internal controls.

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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

It’s about supporting the people who safeguard banks and credit unions from the growing threats of financial crime and who keep capital flowing to small businesses and families. Our intelligent fraud detection software and risk management tools help fraud professionals in their fight against financial crime.

Security 221
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Effective model risk management and model validation in banking

Abrigo

What are model risk management and model validation? Model risk management (MRM) is a framework of systemic oversight of the models a financial institution or organization relies on for financial reporting, decision-making, and other critical purposes. Model governance overview. Federal guidance. Validation teams.

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Investment accounting compliance: How technology helps

Abrigo

Meeting investment accounting and reporting requirements The right technology tools can help institutions manage investment accounting compliance and risk exposure across various investment types. Investment accounting compliance not only minimizes operational risks but also reduces regulatory scrutiny. banking regulations.

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Writing Effective Credit Memos Efficiently

Abrigo

The lender needs to put forth an accurate and complete picture of the borrowernot only for the borrowers sake, but also for the financial institutions risk management. Focus on relevant repayment and credit risk information Whats relevant in a credit memo? But they shouldnt be an exercise in verbosity or regulatory appeasement.

Analysis 195
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Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. That was followed on Dec.

Capital 199