CFPB Monitor

DECEMBER 20, 2021

On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) released draft principles for climate-related financial risk management for large banks. Those interested in submitting feedback should refer to OCC Bulletin 2021-62 for instructions. Feedback must be submitted by February 14, 2022.

Risk Management 78

Risk Management Management Policies Operations 78

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. Those simply refer to the tone of the covenant, whichever type it is.

Risk Management 222

Risk Management Lending Policies Management 222

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

JULY 8, 2020

For instance, Mastercard has been using AI to help its banking partners with credit risk management, aiming to provide the right amount of credit to customers — and the smartest collections efforts — in today’s uncertain economic climate. You want to be able to manage credit for the lifecycle of the user,” Jha said.

Fraud 274

Fraud Management Risk Management Company 274

PYMNTS

MARCH 6, 2019

For instance, the ability to transfer data and various assets can help firms keep track of, and improve, operations. One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management.

blockchain 189

blockchain Management Data User Experience 189

Abrigo

MARCH 3, 2021

The other elements include: Capital: Simply put, capital often refers to a down payment, or the amount of money a borrower can put toward the loan. Has the borrower’s industry been significantly impacted, such as a bar or restaurant operating at limited capacity? Credit Risk Management. Lending & Credit Risk.

Analysis 195

Analysis Risk Management Lending Training 195

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

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.’” Credit Risk Management. Lending & Credit Risk. Risk Ratings.

Lending 195

Lending Risk Management Management Community 195

Abrigo

OCTOBER 10, 2023

While some financial institutions had already embraced remote options, many implemented emergency work-from-home policies during the pandemic, necessitating adjustments in loan review departments' operations. Please see the graph below from the 2021 Loan Review Survey for reference.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

While some financial institutions had already embraced remote options, many implemented emergency work-from-home policies during the pandemic, necessitating adjustments in loan review departments' operations. Please see the graph below from the 2021 Loan Review Survey for reference.

Training 195

Training Survey Resources Software 195

South State Correspondent

SEPTEMBER 25, 2024

Intelligent agents are poised to change the face of bank operations. At the same time, banks are striving to figure out how to employ generative AI (gen AI) in their operations; part of the answer lies in the intelligent agent. Using an intelligent agent starts with a question or command from an employee, customer, or other agent.

Data 195

Data Examples System Management 195

South State Correspondent

SEPTEMBER 25, 2024

Intelligent agents are poised to change the face of bank operations. At the same time, banks are striving to figure out how to employ generative AI (gen AI) in their operations; part of the answer lies in the intelligent agent. Using an intelligent agent starts with a question or command from an employee, customer, or other agent.

Data 195

Data Examples System Management 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

PYMNTS

APRIL 9, 2020

But while Speight agreed that sounds like a terrific way to manage the program — the reality is a bit different — at least right now since the guidance on this topic for bankers has been vague. For Speight and Planters First Bancorp, they’ve hit capacity already and are now referring SMBs to others.

Lending 285

Lending Capital Washington Risk Management 285

PYMNTS

JANUARY 20, 2020

Visa’s culture that risk management is everyone’s responsibility, Fabara said, is a competitive advantage and a strategic weapon in the payment ecosystem’s fight against an ever-more sophisticated fraudster. When Risk Management Is a Mindset and Not a Business Unit. But everyone knows the job has to be done. “At

Security 168

Security Fraud Risk Management Payments 168

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. Operational risks transcend all departments of a bank.

Risk Management 40

Risk Management Management Operations Meeting 40

CFPB Monitor

OCTOBER 21, 2021

It provides the following clarifications regarding new LIBOR contracts, considerations when assessing the appropriateness of alternative reference rates, and expectations for fallback language: New LIBOR contracts. Appropriateness of alternative reference rates.

Regulation 78

Regulation Management FDIC Risk Management 78

Abrigo

JANUARY 24, 2021

In addition, even though those who long sought a streamlined process for loans of $150,000 or less loans often referred to it as “blanket forgiveness” or “automatic forgiveness,” Form 3508S has important requirements for the loan to be fully forgiven. Credit Risk Management. Lending & Credit Risk. CRE Lending.

Lending 195

Lending Risk Management Management Payments 195

PYMNTS

MAY 18, 2017

“They’re looking to reduce internal management of infrastructure, they’re looking to centralize the support of their operations, they’re looking to better manage their costs and they’re looking for new technologies to manage operations.”. And they have different systems across geographies.”

Fintech 101

Fintech Risk Management Management Data 101

Abrigo

SEPTEMBER 24, 2024

Human-in-the-loop refers to the collaboration between AI systems and human experts, ensuring that machines do not operate in isolation. Here are some key considerations: Institutions should assess their risk-based AML/CFT program to determine what degree of HITL is needed to avoid regulatory criticism.

Software 195

Software Management Compliance Resources 195

PYMNTS

JULY 15, 2019

Mastercard said late last week that it has partnered with OpenTex t, focused on enterprise operations management in a bid to streamline supply chain and finance activity. Data also includes details on vendors with parts available that can, in turn, help firms manage inventory and supply chain flow.

Industry 161

Industry Security Data Payments 161

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. It really helps you focus more on understanding where the risks are in your portfolio.”

Lending 195

Lending Risk Management Software System 195

Abrigo

SEPTEMBER 1, 2020

“A side benefit is when you help a business owner who’s not having the best day financially, they’re not only appreciative, they become great word-of-mouth advertising and references for prospects,” he said during a recent Abrigo webinar on SBA 7(a) lending. Managing Liquidity Risk and Profitability in 2020 Webinar Series.

Lending 195

Lending Risk Management Technology Survey 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

Abrigo

MAY 11, 2021

Not only has the pandemic impacted businesses by shortening operating hours or closing businesses altogether, but it has introduced stimulus money that those same businesses have come to rely on as part of their cash flow, creating new challenges to testing the creditworthiness of prospective borrowers. Lending & Credit Risk.

Analysis 195

Analysis Lending Taxes Comparison 195

PYMNTS

AUGUST 25, 2016

If it sounds a bit familiar, it is probably that the service has been operating for several years under the name clearXchange. Early Warning specializes in fraud prevention and risk management with a focus on providing instant money transfers among big banks. Early Warning would not confirm or deny the gazelle implications.

Millennials 100

Millennials United States Mobile Risk Management 100

PYMNTS

SEPTEMBER 13, 2019

The market, he said, is not just severely in need of digitization — a specific type of digitization guided by machine learning and artificial intelligence that LevaData refers to as Cognitive Sourcing, which exists to do two things.

Meeting 122

Meeting How To Data Management 122

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

CFPB Monitor

NOVEMBER 24, 2020

The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Industry Analysis Policies 78

Abrigo

SEPTEMBER 1, 2020

“A side benefit is when you help a business owner who’s not having the best day financially, they’re not only appreciative, they become great word-of-mouth advertising and references for prospects,” he said during a recent Abrigo webinar on SBA 7(a) lending. However, as noted earlier, Wear said lenders might have a learning curve.

Lending 195

Lending Training Technology Survey 195

PYMNTS

MARCH 3, 2017

This refers to just how long it takes for, as Webster put it, “the new things…the revolutionary new things to gain scale and ubiquity.”. Thus, if there can be compatibility in terms of messaging or in terms of formats or risk management, she added, spanning from old to new, then value is unlocked. .

Payments 100

Payments Innovation System Risk Management 100

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. Portfolio Risk & CECL. Learn More.

Resources 195

Resources San Antonio Data Regulation 195

CFPB Monitor

JUNE 30, 2022

The SRP warns that “lack of access to subject matter expertise,” funding cutbacks, over-reliance on third parties to assist in these critical functions, and telework are exacerbating compliance risk. Cybersecurity Risks. The OCC has long been concerned with operational risks posed to banks from cyber attacks.

Compliance 78

Compliance Fraud Technology Operations 78

BankUnderground

APRIL 8, 2021

UK insurers use models that simulate extreme weather events to inform their pricing, manage their accumulation of risk, and decide how much capital they need to operate from both an economic and – in many cases – regulatory viewpoint. Are they material enough to impact insurers’ capitalisation or risk management framework?

Capital 120

Capital Study Risk Management Analysis 120

PYMNTS

DECEMBER 24, 2018

And, because Fair does not underwrite loans, but instead operates a subscription car rental service, it does not check a consumer’s credit. “If The goal is to use naive AI, partnered with human researchers, business leaders, operations managers and a host of others, to create “Ah-Ha!”

Data 151

Data Payments System social media 151

CFPB Monitor

NOVEMBER 22, 2022

While the report does not address “true lender” challenges in bank/fintech lending relationships, it does discuss the risk of “so-called ‘rent-a-charter’ schemes that market themselves as innovative fintech lending platforms, but operate with essentially the same harmful business model as a traditional payday lender.”

Fintech 78

Fintech Report Data Lending 78

BankUnderground

JULY 10, 2024

Dealers include prime brokers and other banks that typically extend cash lending to NBFI clients that rely on the bilateral gilt repo market for their liquidity and collateral operations. As in Hüser et al (2024) , we find money market funds (MMFs) make up the largest share of average daily volume (around 33%).

Marketing 126

Marketing Security Lending Data 126