American Banker

OCTOBER 25, 2024

and Texas banking regulators issued consent orders against Industry State Bank, Fayetteville Bank, and Citizens State Bank requiring major overhauls of their management, capital, and risk controls. The Federal Deposit Insurance Corp.

Texas 66

Texas Risk Management Management FDIC 66

Banking Exchange

JULY 21, 2021

Announcement follows upsurge of fintech partnerships and industry demand for better alignment on guidance Compliance Risk Management Feature3 Feature Duties Compliance Management.

Risk Management 78

Risk Management Management Fintech Regulation 78

Cisco

JUNE 7, 2022

This quickly metastasized into significant global credit risk for large institutions and became the biggest existential threat to the industry in more than a century. The subsequent regulatory activity in response to these events focused on operational risks. Third-party risk will continue to threaten financial firms.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

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. . The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Lending Fraud 150

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 banking industry is no stranger to this. Look for the vendor to highlight their cyber controls and commitment to follow regulations and laws within the contract. Learn more.

Risk Management 150

Risk Management Management Security Lending 150

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. State Regulations. SEC Regulation.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

Abrigo

SEPTEMBER 27, 2017

The hundreds of people attending the 2017 Risk Management Summit hosted by Sageworks heard from dozens of thought leaders in the financial services industry. The Sageworks Risk Management Summit is the industry’s leading life-of-loan conference, with topics spanning business development through portfolio risk in a CECL world.

Risk Management 150

Risk Management Management Denver Chicago 150

Insights on Business

JANUARY 3, 2019

Cybersecurity risk is at or near the top of every list of concerns for these institutions. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Three pillars of cyber risk management on the cloud. Implementing an effective, end-to-end cyber risk framework.

Risk Management 128

Risk Management Management Regulation Guidelines 128

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.

Resources 221

Resources Risk Management eBook Strategy 221

Abrigo

DECEMBER 22, 2023

Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog. Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals.

Risk Management 221

Risk Management Regulation Management Lending 221

Perficient

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control.

Exercises 221

Exercises Compliance Risk Management Video 221

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. A lot of companies are not [there] in terms of their business plan, in terms of their risk management process, in terms of their overall management,” he said. “A

Regulation 192

Regulation Fintech Phoenix Risk Management 192

Celent Banking

DECEMBER 13, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. " www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

Abrigo

OCTOBER 11, 2014

More than 140 bankers and industry experts from over 30 states gathered in Nashville, Tennessee last month for the 3rd annual Risk Management Summit hosted by Sageworks. Many are feeling added pressure from their regulators, and one attendee mentioned the “stress testing ideas and requirements were beneficial.

Risk Management 191

Risk Management Management Nashville Leadership 191

Perficient

AUGUST 3, 2023

Generative AI ingests data and understands guidelines incredibly well; therefore, businesses across industries are jumping to take advantage of all the possible ways the tool can help save them money and create elevated, uber-personalized customer experiences.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Risk Management 221

Risk Management Compliance Fraud Operations 221

PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release.

Regulation 140

Regulation Bitcoin Cyber Security cryptocurrency 140

Celent Banking

DECEMBER 12, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. ” www.fdic.gov.

Risk Management 100

Risk Management Management Exercises FDIC 100

Perficient

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?

Compliance 221

Compliance Guidelines Policies Risk Management 221

Abrigo

FEBRUARY 6, 2024

A common mistake is underestimating the manpower and funding required to maintain a successful program without exceeding risk appetite. The NCUA has emphasized the importance of considering the industries and loans the credit union plans to fund.

Lending 221

Lending How To Risk Management Policies 221

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. First, they must evaluate whether their institution is prepared to insert AML risk management procedures into the transaction process to match the speed FedNow can offer.

Fraud 221

Fraud Risk Management Training Software 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

Regulation 162

Regulation blockchain Marketing Strategy 162

Bobsguide

SEPTEMBER 29, 2017

The financial industry continues to shift at a fast pace, impacted by disruptive fintech and regtech, as well as new complex global regulations and a diversified challenging business environment. As a result the costs associated with complying with financial compliance and risk mitigation are.

Risk Management 123

Risk Management Management Compliance Regulation 123

Perficient

AUGUST 15, 2024

– These are the exact words (with a couple of expletives, that I cannot quote here) – a senior fund administrator from a large investment firm uttered when we were presenting about environment aware financial risk management. All and all, ESG and Climate Risk is going to impact all of us, one way or the other.

Risk Management 221

Risk Management Resources Regulation Community 221

Abrigo

DECEMBER 22, 2023

Smaller banks can be encouraged by these numbers, and S&P Market Intelligence predicts a return to relative construction industry normalcy in 2023. Read this blog for construction delinquency statistics that can help your financial institution better plan and manage their construction loan portfolios.

Lending 221

Lending Risk Management Community Management 221

Abrigo

FEBRUARY 16, 2024

Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes. Introduction The importance of efficient credit administration Credit departments play a crucial role in the financial industry, and it is important to ensure that they are functioning at their best.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

AUGUST 2, 2023

3-pronged approach Identifying and quantifying CRE risks Most financial institutions have taken a three-pronged approach to identifying and quantifying risks associated with their CRE segments. Executives should be prepared to discuss credit risk stress testing outcomes and their impact on risk management decisions.

Report 195

Report Risk Management Lending Analysis 195

Perficient

JUNE 25, 2024

Toll Gates Are Needed To avoid repeating such scenarios, of that rather dire history, Hsu advocated for regulators and the industry to proactively identify points where growth and development should pause to ensure responsible innovation and build trust.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. Contact us today and let’s explore your financial questions together.

Risk Management 221

Risk Management United States FDIC Compliance 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

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Throughout the pandemic, the Financial Industry Regulatory Authority (FINRA) temporarily suspended the requirement for firms to submit applications for all office locations that were opened as a result of the pandemic. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

DECEMBER 29, 2023

Regular training of lending and credit risk staff helps keep processes and systems in shape to produce good loans. Aside from formal training, one way that banks and credit unions can ensure staff are attuned to the latest regulations and best practices is by routinely sharing lending and credit risk resources.

Resources 221

Resources Lending Risk Management Policies 221

PYMNTS

MAY 29, 2019

UBS shed light this week on a persistent challenge in the traditional financial services industry. Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks.

Regulation 108

Regulation Compliance Capital Resources 108