Perficient

APRIL 8, 2024

To bolster its capabilities and ensure compliance, the bank sought assistance from Perficient in delivering exceptional project and program management services to tackle their significant hurdles. Supporting the change management team in building a robust governance structure for program PMO activities.

Compliance 221

Compliance Management Guidelines Risk Management 221

Abrigo

MAY 20, 2022

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. .

Risk Management 195

Risk Management Management FDIC Meeting 195

Perficient

MARCH 17, 2025

Additionally, the emergence of embedded finance and an increased focus on regulatory compliance are compelling financial institutions to continuously adapt and innovate. Our experts have identified the most impactful trends across banking , wealth and asset management , and payments.

Trends 221

Trends Analytics Compliance Strategy 221

Perficient

MARCH 7, 2022

Risk-reporting practices. Risk management reports should be accurate and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should cover all material risk areas within the organization. Data lineage can help banks achieve BCBS 239 compliance. Data Governance.

Compliance 294

Compliance Data Risk Management System 294

PYMNTS

JUNE 25, 2018

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. Not only is regulatory oversight on the rise, but social media has emerged as a strong watchdog, too, keeping financial institutions (FIs) mindful of unchartered territory, where risks to reputation and revenues abound.

Risk Management 167

Risk Management Management Strategy Compliance 167

Payments Dive

JUNE 8, 2023

The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.

Risk Management 243

Risk Management FDIC Management Compliance 243

Perficient

AUGUST 4, 2024

Improved Security and Compliance With stringent regulatory requirements in the financial sector, security and compliance are paramount. For example, a bank can integrate its transaction processing system with Azure Machine Learning to instantly identify and flag suspicious activities, reducing fraud risk.

Industry 467

Industry Compliance Examples Risk Management 467

Perficient

FEBRUARY 27, 2025

Recommended Approach: Navigating constant changes in risk and regulatory environments is crucial for banks in 2025. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities. They need to align AI initiatives with the bank’s overall business goals.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . What are model risk management and model validation? It establishes three elements that comprise an appropriate model risk management framework: 1.

Risk Management 195

Risk Management Management Regulation Analysis 195

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." keep me informed. Know your limits.

Risk Management 195

Risk Management Management Policies Lending 195

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

PYMNTS

NOVEMBER 30, 2018

Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. On one level, risk itself has not fundamentally changed in the last few decades,” Aberman explained. “We

Risk Management 162

Risk Management Management Payments Fraud 162

Abrigo

OCTOBER 9, 2024

Today, Q factors offer a way to adjust for risks that aren't fully captured in historical data or quantitative models. In this blog, we explore how banks and credit unions have adapted their approach to Q factors under CECL and share insights from an Abrigo advisory webinar on managing this critical part of the ACL process.

Risk Management 195

Risk Management Management Compliance Data 195

South State Correspondent

MARCH 24, 2025

In this challenging environment, bankers have an unparalleled opportunity to step forward as trusted advisors, providing valuable guidance, innovative financial structures, and prudent risk management to support both their bank and commercial customers. Appointing someone in Credit might be a workable idea.

Risk Management 195

Risk Management Resources Management Marketing 195

Abrigo

DECEMBER 26, 2024

With so many BSA/AML enforcement actions, it is clear that the regulatory environment is tightening up its expectations and is actively pursuing action when needed," said Abrigo Senior Risk Management Consultant Elissa Brewer. This is a pretty big change in many areas," said Abrigo Compliance and Engagement Director Terri Luttrell.

Fraud 195

Fraud Compliance South Dakota Resources 195

Perficient

FEBRUARY 12, 2025

This transformation will require a delicate balance between innovation and compliance, ensuring that advancements in AI contribute to a secure and efficient payments landscape. By focusing on these key areas, companies can effectively manage the challenges and opportunities presented by the widespread adoption of real-time payments.

Trends 221

Trends Payments Compliance blockchain 221

Abrigo

MARCH 21, 2023

You might also like this video on managing interest rate risk. WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio. Stay up to date with Abrigo advisors' ideas for managing interest rate risk.

Risk Management 195

Risk Management Management Strategy Lending 195

Perficient

MAY 30, 2024

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. Comey as well as topical discussions spanning regulatory risk, market abuse, and leveraging technology in automation (RPA), data analytics and ML/AI.

Compliance 221

Compliance Industry New York social media 221

Abrigo

NOVEMBER 13, 2024

Despite borrowing more and tapping credit lines, they're managing leverage and meeting debt obligations, according to Abrigo's proprietary data. As rates stay high, concerns about credit risk and borrower health are top of mind for bank and credit union leaders, especially as it relates to lending to small businesses. Nearly all U.S.

Lending 221

Lending Meeting Data Risk Management 221

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Unprecedented Risk. ” A Dramatic Shift. . ” A Dramatic Shift. The New Normal.

Risk Management 148

Risk Management Management Analysis Strategy 148

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. The new federal risk guidance for banks does not remove the need for sound risk management. Introduction It’s not you. It’s the guidance.

Management 221

Management Risk Management Regulation Compliance 221

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. New York’s BitLicense requirement therefore applies to investment managers who issue digital coins or otherwise act as an exchange platform regardless of where the buyers are located.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

SEPTEMBER 15, 2021

Standards the Federal Reserve Must Apply: (i) Risk-based Capital Requirements and Leverage Limits. (ii) iii) Overall Risk Management Requirements including the Formation of a Risk Committee. (iv) To learn how we can help support your compliance journey and transformation, please reach out to us.

Capital 90

Capital Risk Management Regulation Management 90

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. Automated risk management solutions can be helpful in theory.

Compliance 191

Compliance Risk Management Training Analysis 191

Abrigo

JANUARY 24, 2025

They also share tips for managing risk and pricing. As a result, financial institutions with CRE concentrations find it increasingly important to strategically manage the competitive pressures and risks related to origination, refinancing, and loan performance. Managing their current risk is vital, too.

Lending 221

Lending Trends Risk Management Management 221

Gonzobanker

OCTOBER 31, 2024

Vendor management is risky business. 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. Does a relationship manager check in regularly with the institution—and not a month or two before renewal?

Risk Management 154

Risk Management Management FDIC Software 154

Abrigo

FEBRUARY 12, 2025

M anaging, not avoiding, small business lending A common reason banks hesitate to expand small business lending is the fear of risk. While its true that nearly half of small businesses fail within five years, risk avoidance isnt the solution. Kirby pointed out that fintech lenders frequently use these models to approve loans quickly.

Lending 195

Lending Risk Management Community Fintech 195

Abrigo

MAY 14, 2021

How can financial risk models within the bank or credit union benefit from using the same sheet music? Check out this webinar on Enterprise Risk Management. Takeaway 1 Enterprise Risk Management is a priority for financial institution leaders but still maturing. Compliance and Decision-making. ERM Today.

Management 195

Management Risk Management Lending System 195

PYMNTS

JUNE 17, 2020

Esker , which specializes in artificial intelligence (AI)-driven process automation software, has launched a new supplier management solution in its procure-to-pay automation suite, which will help businesses manage and automate their supply chains, according to a press release.

Risk Management 141

Risk Management Management Policies Compliance 141

Abrigo

OCTOBER 22, 2024

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

Security Fraud Community National 221

Abrigo

JUNE 28, 2024

Navigating interest rate management in today's environment As regulators focus on interest rate risk management, read about what financial institutions can do to be ready for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance."

Community Bank 195

Community Bank Strategy Community Management 195

Abrigo

FEBRUARY 25, 2025

It can automatically access credit scores and run loan details and borrower information against the financial institutions risk management policies. Improved risk management Standardized risk assessments minimize subjectivity and enhance compliance. You might like this webinar on credit presentations.

Lending 195

Lending FDIC Policies Analysis 195

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 164

Compliance Software Risk Management Management 164

Abrigo

SEPTEMBER 6, 2024

Updated AML/CFT programs: If their financial institution is involved in any part of the covered transaction, such as providing escrow services, AML/CFT professionals must ensure that real estate professionals and advisers are fully integrated into their institution’s compliance framework.

Compliance 195

Compliance Training Fraud Regulation 195

Perficient

OCTOBER 12, 2020

We are excited to announce our partnership with Kyriba and dedicated practice to provide our Oracle clients with a robust cloud-based treasury management solution. New compliance standards from SWIFT now require internal SWIFT domain expertise with annual certifications and annual documentation. ” .

Risk Management 309

Risk Management Fraud Management Compliance 309

Abrigo

SEPTEMBER 30, 2024

You might also like this 6-step guide for compliance with new AML/CFT program rules. DOWNLOAD Takeaway 1 Shared AML case management helps streamline processes, reduce duplication, and improve communication between fraud and AML/CFT teams. With financial crime evolving, the lines between fraud and money laundering have blurred.

Management 195

Management Fraud Software Compliance 195