Payments Dive

JUNE 8, 2023

The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.

Risk Management 243

Risk Management FDIC Management Compliance 243

Abrigo

FEBRUARY 6, 2025

Compliance with investment accounting and reporting requirements plays a central role in ensuring operational efficiency and regulatory adherence. Compliance with investment accounting and reporting requirements plays a central role in ensuring operational efficiency and regulatory adherence.

Compliance 195

Compliance Technology Operations Risk Management 195

Abrigo

AUGUST 1, 2022

What are model risk management and model validation? Model risk management (MRM) is a framework of systemic oversight of the models a financial institution or organization relies on for financial reporting, decision-making, and other critical purposes. Model governance overview. Federal guidance. Validation teams.

Risk Management 195

Risk Management Management Regulation Analysis 195

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Unprecedented Risk. “Now, it’s key to their operational and strategic future.”

Risk Management 148

Risk Management Management Analysis Strategy 148

Abrigo

OCTOBER 9, 2024

He advised institutions to evaluate their specific risks and adjust accordingly. For example, "If you're an institution that operates on the coast, you probably have real seasonal risk from weather. Financial institutions frequently encounter evolving risks, many of which can't be quantified through historical loss data alone.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

DECEMBER 20, 2024

Managing the profitability of loans and deposits in a volatile interest rate environment will be a key focus for banks and credit unions, he said. Focusing on the economy, credit risk, and allowances Another rate-related issue that managers of credit portfolio risk management will face is economic uncertainty.

Management 195

Management Risk Management Trends Lending 195

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. 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. Takes Partners.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Abrigo

NOVEMBER 18, 2024

Key topics covered in this post: Regulatory focus Key questons for ALCOs Governance and concentration risks Expect the unexpected Regulators 'could not be more clear' Today’s regulatory climate is turning up the heat on financial institutions when it comes to liquidity and interest rate risk management.

Risk Management 195

Risk Management Regulation Policies Management 195

Abrigo

NOVEMBER 13, 2024

Thousands of banks, credit unions, and accounting firms use our risk management and lending solutions, contributing to this cooperative data model for banking intelligence. Companies are borrowing more to cover operational costs but continue to pay suppliers on time, with payables remaining under 30 days. Nearly all U.S.

Lending 221

Lending Meeting Data Risk Management 221

Perficient

AUGUST 4, 2024

This connectivity enhances interoperability, allowing for streamlined operations and improved data flow across various platforms. Implementing API Management provides full lifecycle support for your API’s, API discovery, and a developer portal to streamline both development and operational needs.

Industry 467

Industry Compliance Examples Risk Management 467

PYMNTS

JUNE 19, 2020

It can fully accommodate rapid business expansion and future needs for competitive Treasury management operations.”. The technology can be put into place on the cloud or on location via one platform with one infrastructure.

Risk Management 160

Risk Management Software Tools Management 160

PYMNTS

JANUARY 18, 2021

Such silos prevent treasurers from comprehensively analyzing and gaining insights into companies’ cash flows and expenditures, hindering organizations from operating efficiently and reacting to customers’ needs in an agile manner. Each company’s risk management approach must therefore be tailored to its specific business needs.

Analytics 319

Analytics Data Risk Management Management 319

PYMNTS

NOVEMBER 12, 2020

“Mastercard’s Vocalink business is a demonstrated leader in the real-time payments ecosystem, and they will be a valuable partner for Payments Canada in the introduction and ongoing operation of Canada’s real-time payments system,” Tracey Black , president and chief executive officer of Payments Canada, said in a statement on Thursday (Nov.

Payments 345

Payments Innovation Risk Management System 345

Abrigo

FEBRUARY 25, 2025

Back-end processes for small business loan approval in some financial institutions operate in an automation desertand it shows. Without the water of automation, applications trudge along the financial analysis, risk assessment, pricing, and other processing steps like a traveler slogging through dunes.

Lending 195

Lending FDIC Policies Analysis 195

Abrigo

FEBRUARY 28, 2025

Ponzi schemes A fraudulent investment operation that pays returns to earlier investors using money from new investors rather than legitimate profits. The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere. Eventually, the scheme collapses when new funds dry up.

Fraud 221

Fraud social media Training Community 221

Bank Innovation

JUNE 9, 2017

The Office of the Comptroller of the Currency published an FAQ section on its website this week, in order to clarify several points from its “Third-Party Relationships: Risk Management Guidance” issued in 2013. As expected, the questions also addressed bank-fintech partnerships. Most notably, the OCC […].

Fintech 319

Fintech Risk Management Management Operations 319

Abrigo

JANUARY 17, 2025

These reliable customers provide a stable, low-cost funding source that is critical for financial institutions operations. By valuing and managing CDIs effectively, banks can optimize their funding strategies, demonstrate their stability to stakeholders, and position themselves for sustained growth.

Strategy 195

Strategy Guidelines Management Operations 195

Gonzobanker

OCTOBER 31, 2024

The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. Institutions often outgrow their vendors’ ability to provide hardware to keep operations running smoothly.

Risk Management 140

Risk Management Management FDIC Software 140

Perficient

MAY 28, 2020

Oracle Utilities has long been a leader in industry applications for operations at power generation companies. Improving Mobility & Field Operations with Oracle SCM. The Utilities industry is facing enormous change along with the rest of the world due to Covid-19 and its effects on commercial and residential consumption of energy.

Analytics 340

Analytics Customer Experience Risk Management Mobile 340

Perficient

APRIL 2, 2021

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Risk Management. AI may be used to augment risk management and control practices. Personalization of Customer Services. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

JANUARY 10, 2019

The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate.

Risk Management 185

Risk Management Strategy Management Analytics 185

Perficient

APRIL 8, 2024

Partnering with stakeholders across risk, finance, technology, and operations, Perficient ensured seamless execution of capital and risk transformation (CART) PMO governance and oversight.

Compliance 221

Compliance Management Guidelines Risk Management 221

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. The new federal risk guidance for banks does not remove the need for sound risk management. Introduction It’s not you. It’s the guidance.

Management 221

Management Risk Management Regulation Compliance 221

PYMNTS

JULY 6, 2020

In its Canadian expansion, moneycorp will operate out of Toronto, and its new operation will be “fully compliant to serve the specific Canadian market requirements,” said moneycorp Americas Chief Executive Officer Bob Dowd , who called the expansion a “milestone.”. or in other countries.

Risk Management 198

Risk Management United States America Management 198

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

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. Rachel Adeney and Amy Fraser.

Operations 127

Operations Policies System Regulation 127

Perficient

JUNE 11, 2020

Remember the tenants of safety surveillance, but also the total risk management system. Leveraging our deep pharmacovigilance, regulatory, operational, and technical expertise, we have created PV Hawk, an application that enables Argus Safety users to watch and analyze the overwhelming influx of PV data.

Analytics 309

Analytics Risk Management System Analysis 309

Bobsguide

DECEMBER 7, 2020

Long the bastion of cash and liquidity management, bank treasury teams do far more than position-keeping. Real-time risk management, operations, payments, and financial risk management are rolled into the business function. Over the past few years, market-leading software has become key to.

Risk Management 148

Risk Management Software Management Operations 148

Perficient

JANUARY 31, 2022

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement. The Crypto.com hack exposes shortcomings of multi-factor authentication.

Security 294

Security Risk Management Customer Experience Knowledge Base 294

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Which credit areas need routine "maintenance"?

Risk Management 221

Risk Management Regulation Management Lending 221

Perficient

FEBRUARY 27, 2023

This change will force impacted stakeholders to reconsider their services, products, and operational procedures, thus generating new opportunities for automation. Workflow timings may now be altered due to the immediacy of transactions, which can have a domino effect on operational, risk management, and reporting teams.

North Carolina 275

North Carolina Charlotte Payments US 275

PYMNTS

OCTOBER 7, 2020

One commonality is that firms in these verticals rely on offline operations. Risk Management. Risk management is critical, said Yin. Better risk management comes through leveraging alternative data sources through industry conduits.

Risk Management 238

Risk Management blockchain Capital Data 238

Abrigo

DECEMBER 22, 2023

Reduce operating cost while ensuring loan policy consistency. keep me informed download How to create a sound credit risk rating system Banks and credit unions often use a standardized risk rating system for internal monitoring of credit risk. Community lending software can help get you there.

Lending 221

Lending Risk Management Community Management 221

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Operations 221

Perficient

SEPTEMBER 16, 2022

The Federal Reserve will require a firm, prior to engaging in crypto-asset-related activities, to have in place adequate systems, risk management, and controls so the new activities are practiced in a safe and sound manner that is compliant with applicable consumer protection statutes and regulations. Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

Abrigo

FEBRUARY 6, 2024

It also recommends including projections related to loan pricing, operating expenses, and delinquency. In developing an appropriate strategy , credit unions should analyze the various plausible approaches they may take given their personnel, operational, and financial resources.

Lending 221

Lending How To Risk Management Policies 221