Abrigo

JUNE 9, 2020

Financial institutions are looking for a solution to increase efficiency, decrease risk, and provide complete, defensible documentation for loan types. Document preparation solutions, like Fusion LaserPro, help financial institutions to automate data entry, save time, and reduce errors. Learn more.

Technology 195

Technology Lending Compliance Data 195

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Credit Decisions. Textual analysis. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam.

Regulation 195

Regulation Fraud Compliance Trends 195

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam.

Regulation 195

Regulation Fraud Compliance Lending 195

Abrigo

JANUARY 21, 2025

How would your institution manage this additional workload while maintaining compliance with daily deadlines? With a Suspicious Activity Monitoring Services package, Abrigo assigns experienced financial crime professionals as project managers for the institution.

Fraud 221

Fraud Training Analysis Compliance 221

Abrigo

NOVEMBER 3, 2023

Top 5 CECL best practices and their benefits Now that CECL is implemented, follow these recommendations for ongoing management to provide confidence and be more efficient. WATCH Takeaway 1 How can you ensure ongoing compliance and efficient management of the allowance for credit losses? Some tried and true practices can help.

Management 195

Management Policies Training Compliance 195

Abrigo

OCTOBER 30, 2024

Regulators expect an institution to maintain a quality control program for AML activities, said Josh Hawkins, Director of Abrigo’s Financial Crimes Unit. Streamline case management processes. One of the largest areas for improvement in AML programs is case management. The amount of time savings … is just incredible.”

Compliance 221

Compliance Training System Management 221

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." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

South State Correspondent

MARCH 10, 2025

Think of this step as creating a story about the solution tailored to those you are trying to convince, be it fellow managers, the board, or staff. How do you want to document the selection and decision process so that you can review it later for quality control and forecasting accuracy? What are the next steps?

Training 195

Training Maine Analytics Management 195

Abrigo

MARCH 10, 2025

Among the suggestions shared with banks and credit unions: Be ready for some CECL-specific questions during audits and exams, and document every allowance decision. Regulators and auditors will look for signs of genuine oversight and vetting of model inputs, not just a formality. said Gordon Dobner, Partner/Audit, FORVIS.

Analysis 195

Analysis Data Management Examples 195

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. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

SEPTEMBER 23, 2020

Key Takeaways Managing a large volume of loan workouts is the next challenge facing many financial institutions. Managing loan workouts requires tackling numerous process-related decisions concerning selecting, analyzing, and tracking loans. Managing loan workouts is a chief concern among banks and credit unions these days.

Management 195

Management Lending Risk Management Community 195

PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. That translated, and still translates, into new ways of thinking about information security, and breaking down silos between departments and various risk management efforts. Looking At Trust .

Regulation 234

Regulation Security Data Course 234

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

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

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

Risk Management 221

Risk Management Management Lending Capital 221

Abrigo

FEBRUARY 6, 2025

Federal regulations under the Controlled Substances Act (CSA) still classify marijuana as a Schedule I substance, along with heroin and methamphetamine. CRBs frequently face difficulties securing loans or even maintaining a bank account, leaving them to manage their cash businesses outside of traditional financial institutions.

Lending 195

Lending Compliance Community Software 195

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

blockchain 189

blockchain Management Data User Experience 189

Abrigo

APRIL 12, 2021

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. A loan origination system automates, manages. You might also like this report on commercial loan automation systems DOWNLOAD. Here's what a loan origination system is. Definition of LOS.

System 338

System Lending Software Analysis 338

Abrigo

AUGUST 19, 2024

This includes having control over the BSA department’s operations, making necessary adjustments to the Anti-Money Laundering (AML) system, and managing staffing levels. Rubin highlighted that the day-to-day management of the BSA department is a responsibility that falls squarely on the compliance officer. We can help.

Resources 195

Resources Compliance Management Training 195

Abrigo

SEPTEMBER 24, 2024

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. Handling complex cases : Certain AML/CFT cases involve complex data layers or require an understanding of industry-specific regulations.

Software 195

Software Management Compliance Resources 195

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased.

Risk Management 150

Risk Management Management Security Lending 150

Abrigo

JANUARY 27, 2025

Maintain compliance with anti-money laundering (AML) regulations. Real-world cases show that poor data quality has resulted in millions of dollars in losses and regulatory fines, underscoring the need for robust data management practices. Assess risks associated with customer activities effectively.

Data 195

Data Compliance Fraud Training 195

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

Management 147

Management Report Regulation Data 147

South State Correspondent

JANUARY 22, 2025

The AI consultant can access your call report history and ingest bank documents, including past strategic plans, vision statements, department goals, and anything else the management team deems necessary. This evaluation process took about 30% of the strategic effort as each manager and executive sifted through numerous options.

How To 195

How To Data Training Tools 195

Abrigo

OCTOBER 9, 2024

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. Documentation and support: Regulators expect transparency in the CECL Q factor process.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Cyber Due Diligence. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Lending Fraud 150

PYMNTS

JANUARY 26, 2021

The partnership aims to create a secondary credit market that is transparent and efficient and makes it easy to manage credit and digitally store documents, loan history and due diligence activities, preventing “information asymmetry risks,” the release stated. Diokno, Philippines’ Central Bank (BSP) governor in the release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. Identifying and documenting accessibility requirements prior to development hand-off will significantly reduce the number of accessibility errors on a live page. Accessibility Belongs in the Design Phase.

UX 531

UX Guidelines Compliance Study 531

Abrigo

AUGUST 5, 2020

Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. Credit memos are one of the most important documents in the life of the loan, as loan committees use these documents to determine whether or not to approve a loan. Stress Testing.

Management 195

Management Risk Management Trends Industry 195

Abrigo

APRIL 27, 2020

BSA program management is not a “one size fits all”. Retain all documentation used in developing your risk assessment, including all reasoning in elevating, or decreasing a particular risk category. The post Banking Regulators Release April 2020 BSA/AML Examination Manual Updates appeared first on Abrigo. Learn More.

Regulation 195

Regulation Compliance Software Analytics 195

PYMNTS

JULY 2, 2020

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules. billion went missing from two accounts in the Philippines.

Regulation 142

Regulation Fraud Report Community 142

Abrigo

JULY 17, 2019

Recognizing that some examiners are new to the industry as well, verify when seeking advice and document your regulator responses. If you come away with a different perspective, share that with your regulator to continue that collaborative relationship. Know what that path is, and be sure to pick your battles.

Compliance 240

Compliance Regulation Industry System 240

Abrigo

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. FinCEN said this was done with little to no risk management program. Make your voice heard and document your disagreement. Significant risk doesn't always mean a big reward for financial institutions.

Compliance 150

Compliance Regulation Miami Fraud 150

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. ALM 101: Introduction to Asset/Liability Management. This is the fourth post in a series. .

Management 195

Management Meeting Risk Management Operations 195

Perficient

JUNE 1, 2023

We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing. Boost operational efficiency and rapid scalability by effortlessly generating new documents using existing data and content with the help of AI-powered document creation.

Compliance 251

Compliance Industry Regulation Data 251

Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. By the time people started speaking of Y2K , regulators were accepting documents from the bank prior to starting the onsite examination.

Compliance 221

Compliance FDIC Tools Leadership 221