CFPB Monitor

NOVEMBER 10, 2020

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.”

Regulation 78

Regulation FDIC New York Lending 78

Perficient

APRIL 2, 2021

These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. AI may be used to augment risk management and control practices. Credit Decisions. The challenge is to ensure that the software being developed is not coded with biases.

Regulation 309

Regulation Industry Risk Management Analysis 309

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

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. They also give the lender tools to monitor and manage the situation.

Risk Management 221

Risk Management Lending Policies Management 221

Perficient

JUNE 25, 2024

Eventually, algorithms took over entirely, automatically buying and selling securities according to pre-determined instructions without the need for human intervention. Using the evolution of electronic trading as a reference, Hsu outlined three phases in its history: Inputs: Computers provided information for human traders to consider.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Bobsguide

DECEMBER 26, 2016

Referring to technology that is designed to help banks and other financial institutions (FIs) comply with the increasingly complex regulation of their sector, reg-tech is now. In an industry prone to hype and hyperbole, ‘reg-tech’ is one of the hottest new buzzwords on the block.

Risk Management 112

Risk Management System Management Regulation 112

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Abrigo

OCTOBER 10, 2023

Learn what other banks are doing to manage. With a centralized platform for managing tasks, tracking progress becomes intuitive. Please see the graph below from the 2021 Loan Review Survey for reference. These can vary widely by institution, with acquisition due diligence a common task.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Learn what other banks are doing to manage. With a centralized platform for managing tasks, tracking progress becomes intuitive. Please see the graph below from the 2021 Loan Review Survey for reference. These can vary widely by institution, with acquisition due diligence a common task.

Training 195

Training Survey Resources Software 195

CFPB Monitor

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). Appropriateness of alternative reference rates.

Regulation 78

Regulation Management FDIC Risk Management 78

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Reputational Risk – In any industry, perception is reality.

Risk Management 40

Risk Management Management Operations Meeting 40

Abrigo

DECEMBER 1, 2021

Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. . There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions.

Risk Management 195

Risk Management Lending Policies Management 195

South State Correspondent

AUGUST 7, 2024

The question is interesting given that almost every bank is going after the high-balance commercial customer, and most do that by highlighting their analyzed transaction account product within treasury management. In Part 2, we will explore how AI is changing banks’ strategies and tactics for managing their products.

Analysis 195

Analysis How To Strategy Management 195

South State Correspondent

SEPTEMBER 25, 2024

While a gen AI application can manage data and knowledge to be conversant, the intelligent agent leverages gen AI to turn suggestions into action. The intelligent agent interprets the question or command and then references a bank’s goals and policies to formulate a response.

Data 195

Data Examples System Management 195

South State Correspondent

SEPTEMBER 25, 2024

While a gen AI application can manage data and knowledge to be conversant, the intelligent agent leverages gen AI to turn suggestions into action. The intelligent agent interprets the question or command and then references a bank’s goals and policies to formulate a response.

Data 195

Data Examples System Management 195

Abrigo

AUGUST 29, 2022

Many banks and credit unions have adopted sophisticated risk-management practices, and their board of directors has to play an active role in ensuring that risks are well understood in overseeing risk exposure. Learn more about credit risk in, "Commercial risk rating considerations.". Credit Risk Management.

How To 195

How To Lending Risk Management Analysis 195

Abrigo

MAY 19, 2023

Scope in loan reviewing Loan review systems defined The terms "loan review system" or "credit risk review system" refer to the responsibilities assigned to various areas such as credit underwriting, loan administration, problem loan workout, or other areas.

System 195

System Regulation How To Lending 195

Insights on Business

AUGUST 28, 2019

Designing a microservices architecture is not without its challenges as there is no standard playbook to refer to. If implemented appropriately, firms can use microservices to have technology infrastructure that is simpler to manage, utilizes resources more efficiently, and therefore provides additional value at a lower cost.

Management 87

Management Risk Management Resources Analytics 87

Let's Talk Payments

AUGUST 27, 2016

The term cash-replacement typically refers to a myriad of products such as debit cards, prepaid cards, credit cards, etc., that effectively will enable a transaction without cash or (almost) replace.

Risk Management 40

Risk Management Management Cards US 40

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Takeaway 3 Aite Group assessed client references to evaluate vendors of loan origination systems and important features. LOS process management features. Beyond Origination. Workflow & Analysis.

System 195

System Lending Analysis Software 195

Abrigo

SEPTEMBER 5, 2023

Portfolio segments should be monitored and managed, not get buried in exception counts. Finally, while there may be a distinction in the severity of risk of the credit exception, that assessment tends to be inherent in the exception itself rather than the subject of the exception (e.g., It just stays on forever.

Policies 195

Policies Lending Risk Management Examples 195

Insights on Business

AUGUST 28, 2019

Designing a microservices architecture is not without its challenges as there is no standard playbook to refer to. If implemented appropriately, firms can use microservices to have technology infrastructure that is simpler to manage, utilizes resources more efficiently, and therefore provides additional value at a lower cost.

Management 70

Management Risk Management Resources Analytics 70

Abrigo

MARCH 3, 2021

It should provide management with accurate and timely credit quality information for financial and regulatory reporting purposes, including the determination of an appropriate allowance for loan and lease losses (ALLL). Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Learn More.

Analysis 195

Analysis Risk Management Lending Training 195

Abrigo

AUGUST 8, 2021

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Reviewing lending staff’s risk ratings. In many ways, they also provided more general guidance to financial institutions.

System 195

System Lending Policies Regulation 195

PYMNTS

APRIL 16, 2019

Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. In reference to outsourcing risk, she said management of that risk “appropriately reflects the present-day business realities of the banks we supervise.”

Fintech 211

Fintech San Francisco National Innovation 211

Gonzobanker

JUNE 28, 2023

It’s what one of my Fintech Hustle podcast guests (serial fintech entrepreneur Tom Shen ) referred to as “meat and potatoes” fintech. Sam Kilmer is a managing director in Cornerstone Advisors’ Research & Fintech Advisory Practice. The deal doesn’t look like a market share or product roll-up acquisition grab.

Fintech 135

Fintech Risk Management Lending Software 135

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

CFPB Monitor

MARCH 9, 2020

On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

Risk Management 78

Risk Management Data Management Compliance 78

FluentBanking

APRIL 8, 2020

The BCBS has so far introduced a capital measurement system commonly referred to as Basel I, Basel II and Basel III , which seeks to improve the banking sector’s ability to deal with financial stress, improve risk management and strengthen the banks’ transparency.

Management 52

Management Guidelines Risk Management Capital 52

PYMNTS

JULY 8, 2020

The two executives said acquirers need to have better fraud management solutions than ever before, because the pandemic has prompted consumers to use credit cards for more online and app-based transactions. “We AI Also Helps Manage Credit Risk. You want to be able to manage credit for the lifecycle of the user,” Jha said.

Fraud 274

Fraud Management Risk Management Company 274

Abrigo

APRIL 21, 2023

Understanding the topic and current industry trends can help institutions meet regulatory requirements for credit risk review systems consistent with safe and sound lending practices. Limited reviews used in this process can be a means to determine where to do targeted, more comprehensive exams.

Lending 195

Lending Risk Management Software System 195

Abrigo

JUNE 4, 2020

“Eight weeks at the beginning of this PPP process may have seemed sufficient, but with states opening back up at various paces and staging and delays of the businesses openings referred to as non-essential, the longer covered period is a welcome update.’” Manage PPP loans through forgiveness. Credit Risk Management.

Lending 195

Lending Risk Management Management Community 195

Abrigo

AUGUST 30, 2022

Reference the flow chart below to ensure consistency with these decisions. . Learn more about credit risk in a rising-rate environment in this video podcast. Risk management. Keys to mitigating risk. Credit Risk Management. Lending & Credit Risk. Listen now. Commercial growth strategies.

Strategy 195

Strategy Lending Risk Management Analysis 195

Cisco

OCTOBER 4, 2022

In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems. It also spells out management oversight of IT systems, to include governance, and provides principles for auditors to address. Common AIO Risk Management Topics.

Operations 118

Operations Software Risk Management Management 118

CFPB Monitor

AUGUST 31, 2021

The issuance of the Guide follows the agencies’ July 2021 release of proposed interagency guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

NOVEMBER 30, 2018

HSBC , one of the largest banks in the world, wants to launch its new cloud-based anti-money laundering risk management system by next year, according to Reuters. The system cross-references customer actions and flags unusual activity for review. It will enable us to have consistency in how we do [anti-money laundering].”.

Google 179

Google System Data Risk Management 179

PYMNTS

MAY 18, 2017

The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. The more payment, cash management, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data.

Fintech 101

Fintech Risk Management Management Data 101