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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.

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The resilience of small businesses: Insights for lenders

Abrigo

Thousands of banks, credit unions, and accounting firms use our risk management and lending solutions, contributing to this cooperative data model for banking intelligence. Nearly all U.S. Privately held companies are showing adaptability in today’s economic climate.

Lending 221
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Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

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. .

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

FinCrime fighters aren’t just checking boxes for compliance. Our intelligent fraud detection software and risk management tools help fraud professionals in their fight against financial crime. financial institutions manage risk and drive growth in a rapidly changing world.

Security 221
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What Bank CEOs Should Tell Their Boards About Third-Party Vendor Risk

Gonzobanker

The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. Leadership should divulge to the board if it has concerns about any vendor hitting its promises. A vendor’s “say:do” ratio should be close to 1:1.

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Interest rate risk management in a rising rate environment

Abrigo

If an institution wasn’t fully prepared, however, it can nevertheless meet its goals using tailored asset/liability management (ALM) strategies. There are typically two schools of thought around regulatory compliance among financial institutions and their leaders. Have an ALM model validation completed with the goal of strategic gains.

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Federal Reserve Issues Supervisory Letter on Crypto Activities for Banks

Perficient

To counteract and minimize such risks, the Fed’s Supervisory Letter required that prior to engaging in any crypto-asset-related activity, a supervised banking organization must first ensure such activity is legally permissible and determine whether any filings are required under applicable federal or state laws. Financial risk.