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." Cultivate talent. Have a playbook.

Risk Management 195

Risk Management Management Policies Lending 195

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. Stay up to date on AML/CFT and fraud trends.

Compliance 195

Compliance Training Fraud Regulation 195

Abrigo

SEPTEMBER 20, 2023

Understanding AML compliance and regulatory expectations. AML compliance is not for the faint of heart. Takeaway 1 Understand the risks associated with your customers beyond the surface level. Takeaway 2 Identify concentrations of risk and try to level out potential clusters. Here are a few tips to help along the way.

Compliance 150

Compliance Regulation Miami Fraud 150

Abrigo

MARCH 18, 2025

Financial institutions are responsible for not only facilitating payments but also managing risksincluding fraud, compliance, and operational challenges. The growing risk of payment fraud With faster payments comes greater fraud risk. The Federal Trade Commission (FTC) reported that in 2024, U.S. consumers lost over $12.5

System 195

System Payments Fraud Regulation 195

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. You might also be interested in this AML/CFT risk assessment checklist. Why regular reports matter Board reporting on AML compliance activities BSA Officers have a lot of responsibilities.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. These tips can help ensure compliance while improving your offerings. This step sets the foundation for effectiv e risk management by understanding the unique challenges associated with the product.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

DECEMBER 29, 2023

Concerns about credit risk have been in the headlines often in 2023, and financial institutions across the U.S. have been working hard to make sure the loans they have and the loans they approve are in line with risk appetites. Click the header next to each number to visit the corresponding top banking risk resource.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

DECEMBER 19, 2022

Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant. Training materials for anti-money laundering & fraud professionals. Training materials for anti-money laundering & fraud professionals. Ongoing training is vital for an effective AML/CFT program.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

FEBRUARY 16, 2024

Takeaway 2 With proper planning and effective strategies, the scheduling process can be made more manageable at your financial institution. Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes.

Training 195

Training Risk Management Analysis Policies 195

PYMNTS

FEBRUARY 12, 2019

The case highlights the risks and challenges companies face in not only vetting their suppliers, but vetting their suppliers’ suppliers, with third-party vendors a potential source of non-compliance for importers. took a series of steps to enhance its third-party risk management processes., Know Your Supplier.

Compliance 108

Compliance Risk Management Regulation Management 108

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on cannabis banking legislation and tips for board training best practices were among the most-read blogs. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance."

Compliance 221

Compliance Community Community Bank Conference 221

Abrigo

SEPTEMBER 24, 2024

You might also like this checklist, "6 steps for compliance with the new AML/CFT program rules." DOWNLOAD Takeaway 1 A human-in-the-loop approach plays a vital role in ensuring that AI systems effectively support alert and case management for AML/CFT suspicious activity monitoring.

Software 195

Software Management Compliance Resources 195

Abrigo

SEPTEMBER 7, 2023

However, AML system optimization , or parameter tuning, is critical for monitoring to be risk-based and the most effective for your FI’s market, products, and customer or member base. A robust model validation program to independently review these settings should be part of the compliance program and your institution’s model risk management.

Fraud 221

Fraud Training System Trends 221

Insights on Business

FEBRUARY 27, 2018

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. They demonstrated their new approach to achieving compliance through technology at IBM RegTech Europe in London. “Meaning, [regtech] is a teammate.

Compliance 98

Compliance Risk Management Management Regulation 98

Abrigo

AUGUST 4, 2016

If you’re like many workers in corporate America, much of the formal training you receive is mandatory and compliance-related, as opposed to learning and development that can help you work more efficiently or easily. On the job, it’s the same way. Here are five ways you’ll benefit from attending this ALLL User Pre-Conference: 1.

Conference 150

Conference Groups Training Risk Management 150

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS.

Fintech 141

Fintech Risk Management Compliance Management 141

Jeff For Banks

MARCH 3, 2025

Streamlining Operations Automation: Copilot can draft compliance reports in Word or summarize loan applications in Excel, saving hours weekly. Branch Insights: Managers can use Copilot in Power BI to track performance across our 21 locations, like spotting a deposit surge in Scott County for a targeted campaign.

Community Bank 74

Community Bank Community Minnesota Security 74

Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Importance of Compliance. A Framework for OFAC Compliance Commitments. OFAC sanctions can have real world impact.

Compliance 195

Compliance Software Case Study Payments 195

Abrigo

SEPTEMBER 10, 2021

The role of BSA staff was typical compliance and very task-oriented. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations. BSA Training. BSA Training. Learn More. BSA Rules and Regulation. Learn More.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

MAY 19, 2023

WATCH Takeaway 1 Loan review officers must figure out how to adhere to the FDIC’s guidance on loan review and credit risk review systems. Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance.

System 195

System Regulation How To Lending 195

Abrigo

MAY 2, 2024

Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework. It also outlines the risk management practices that need to be followed when evaluating small business lending opportunities.

Lending 221

Lending Strategy Analysis Policies 221

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. With this in mind, the July 2018 Bulletin focuses on a wide-range of consumer protection issues, including: Redlining.

Compliance 68

Compliance Risk Management Lending Training 68

PYMNTS

MAY 23, 2017

In this edition of the PYMNTS’ Commander in Chief Series , Western Union President Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the payments space and why security and compliance are always key in a game where the rules are changing every day.

Innovation 190

Innovation Payments Compliance Risk Management 190

Insights on Business

JULY 1, 2019

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe. It’s also a valuable training tool that can help improve agent performance, reduce the number of customer complaints and even highlight an emerging issue that may not be on anyone’s radar.

Compliance 96

Compliance Customer Experience Analysis Data 96

Insights on Business

OCTOBER 21, 2017

It’s now possible to leapfrog manual compliance processes and keep pace with regulatory change by employing advanced capabilities including cognitive computing. Promontory Financial Group, an IBM subsidiary that specializes in risk management and regulatory compliance, has trained Watson on regulatory content.

Compliance 105

Compliance Leadership Risk Management Georgia 105

Abrigo

NOVEMBER 17, 2023

Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. Find out how BAM+ stops fraud scams.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. Compliance with existing sanctions programs and a strong customer due diligence program are critical to mitigating risk.

Fraud 195

Fraud United States Training Trends 195

Abrigo

JANUARY 22, 2016

“The effective management of all types of risk, including the credit risk inherent in making loans, is what allows some banks and credit unions to thrive in times where others fail,” says Tim McPeak a Risk Management Consultant at Sageworks. Ensuring compliance with relevant banking laws and regulations 7.

Resources 150

Resources Lending Risk Management Compliance 150

Insights on Business

NOVEMBER 19, 2018

Both fintech firms and traditional enterprises are on the brink of significant disruption as companies leverage the rapid insights generated by AI in banking to drive demonstrable outcomes in customer experience, risk management and cost efficiency. The caveat: There are winners and losers in this forward-thinking revolution.

Compliance 177

Compliance Regional blockchain Technology 177

Abrigo

MAY 18, 2023

Considering the scope and depth of your financial institution’s loan review process is a great way to identify gaps in training and create more efficient operations. Deep and wide A diagnostic checklist for loan reviewers One of the difficulties of loan review management is finding, training, and retaining this talent level.

Lending 195

Lending Training Guidelines Policies 195

Abrigo

APRIL 12, 2021

Compliance. Each system used to originate and decision these various loan types is a type of loan origination software, with tweaks to accommodate various compliance and process differences. Credit Analysis Training. Credit Risk Management. Credit Risk Regulation. Lending & Credit Risk.

System 338

System Lending Software Analysis 338

Abrigo

MAY 9, 2022

Best Practices for Third-Party BSA/AML Assistance Collaborating with a third-party BSA/AML vendor can save time and money when it comes to sanctions compliance. Conducting a staffing assessment can strengthen an institution's overall culture of compliance. Get the latest on sanctions compliance in 2022. Vetting Vendors.

Compliance 195

Compliance Fraud Regulation Resources 195

Insights on Business

JULY 17, 2019

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

User Experience 79

User Experience Tools Survey Risk Management 79