Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. download NOW Takeaway 1 Fraud losses totaled $485.6 billion globally last year.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

DECEMBER 22, 2023

Here are Abrigo’s 10 top lending and credit risk blogs in 2023. Construction loan and delinquency trends in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. The institution can more easily capitalize on opportunities and avoid unnecessary risk.

Lending 221

Lending Risk Management Community Management 221

Abrigo

OCTOBER 21, 2020

The difference in the delinquency and special servicing rate trend is based on the fact that while forbearances switch the loan status from delinquent to current, the loans, if stressed, still continue to be specially serviced. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk.

Marketing 312

Marketing Lending Risk Management Retail 312

Perficient

NOVEMBER 8, 2024

Implementation of Risk-Management Practices and Termination of Noncompliant AI AI policy and review process. All safety- or rights-impacting AI use cases undergo a comprehensive risk impact assessment including validation of all risk-management practices defined in OMB M-24-10 section 5(iv).

Regulation 221

Regulation Risk Management Policies Compliance 221

Perficient

OCTOBER 24, 2024

OCC In December 2023, the Office of the Comptroller of the Currency (OCC) classified AI as an emerging risk to the banking industry in an industry report they produced. The supervision risk management principles, outlined in the OCC issuances, provide a solid framework for banks implementing AI to operate safely, soundly, and fairly.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Abrigo

DECEMBER 20, 2024

Likely trends are shaped by a dynamic rate environment The top issues facing executives managing credit portfolio risk and the balance sheet at financial institutions are shaped largely by the dynamic rate environment, according to Abrigos outlook for major trends in the year ahead.

Management 195

Management Risk Management Trends Lending 195

Abrigo

DECEMBER 17, 2019

There are many operators of mule networks offering their services on the Dark Web. Not surprisingly, these operators have prepared for Black Friday and Cyber Monday, mainly by increasing mule capacity to satisfy the high demand during the holiday shopping. Fraud Trends. Lending & Credit Risk. Fraud Prevention.

Fraud 307

Fraud Tools social media Cards 307

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. Our data below shows SMB loan originations have followed a similar trend.

Lending 221

Lending Trends Capital Strategy 221

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

Abrigo

OCTOBER 29, 2014

• Board risk parameters, adequacy of staffing, succession planning and audit. Asset and Liability Management: Asset and liability risk management was deemed a concern as continued low interest rates and pressure on traditional earnings sources cause many banks to increase long-term asset holdings.

Rhode Island 236

Rhode Island District of Columbia New Jersey West Virginia 236

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

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication.

FDIC 186

FDIC Risk Management Analysis Lending 186

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Read "Commercial risk rating considerations."

Analysis 195

Analysis Industry Risk Management Lending 195

Perficient

OCTOBER 30, 2024

In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC.

Regulation 221

Regulation FDIC Compliance Innovation 221

Abrigo

FEBRUARY 6, 2024

WATCH Takeaway 1 Check fraud prevention is critical, especially as this costly fraud typology continues to trend upward in financial institutions. You might also like this on-demand webinar explaining how fraudsters use checks to their advantage.

Fraud 221

Fraud Training Trends Regional 221

Perficient

NOVEMBER 4, 2024

CFTC The Commodity Futures Trading Commission’s (“CFTC”) which regulates derivatives market activity, not particular technologies, issued in January 2024 a Request For Comment on current and potential uses and risks of AI in CFTC-regulated derivatives markets.

FDIC 170

FDIC Regulation Risk Management Compliance 170

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Equiniti Eyes APIs for Risk Management. Bectran Augments Cash Application With API.

Lending 194

Lending Risk Management Fintech Community 194

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Whether it's at the start of a year or some other time, focusing on these key areas will help you fine-tune your operations and set your financial institution up for success in the year ahead. Prepare for your next exam.

Training 195

Training Risk Management Analysis Policies 195

CB Insights

NOVEMBER 3, 2022

Recent developments in climate tech can help the insurance industry understand and plan for changing climate and weather-related risks. Insurers are already leveraging these solutions to improve their current operations and spark new innovation, including developing climate-focused parametric insurance products.

Trends 95

Trends Puerto Rico Analytics Risk Management 95

Abrigo

JULY 28, 2021

How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began. Would you like other articles like this in your inbox? Kickstart your. Register Now.

Risk Management 195

Risk Management Operations Trends Data 195

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 are designed to help maintain the financial health of borrowers throughout the loan term.

Risk Management 221

Risk Management Lending Policies Management 221

PYMNTS

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

North Carolina 136

North Carolina Risk Management Leadership Management 136

Cisco

SEPTEMBER 7, 2021

Here at Cisco we strive to align our strategy, content, and offerings to the top trends happening in the industry. Operational risk management. These four themes paint a picture of the four primary areas of financial services operations. We simplified our message to focus on four themes: Customer journey.

Industry 138

Industry Risk Management Operations Trends 138

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. Those trends have driven an increase in Days Needed Financing from 77 to 93 days. Nearly all U.S.

Lending 221

Lending Meeting Data Risk Management 221

Abrigo

DECEMBER 29, 2023

This excerpt explains market trends and key statistics on leading vendors of loan origination software , including Abrigo. To hear more about the rule and its impact on small business lending operations, watch the on-demand webinar, “ Understanding the impact of CFPB 1071 rule on small business lending.” Stay up to date on CFPB 1071.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

JULY 27, 2023

From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

Technology 195

Technology Fraud Compliance Regulation 195

Perficient

NOVEMBER 6, 2024

SEC Chairman Gensler foresees potential systemic risks because the use of AI in the financial sector eventually may be driven by a small handful of foundational models, thus creating a “monoculture” with many market participants relying on the same dataset or model.

Regulation 221

Regulation Compliance Analytics System 221

Abrigo

SEPTEMBER 7, 2023

Often, those alerts mostly likely are routed to the operations area of the financial institution. Raise your hand about ACH risks. The operations area should communicate with the BSA/AML area if this function is failing. ACH warnings/exceptions matter. Don’t ignore warnings and exceptions generated from the ACH system.

Fraud 221

Fraud Training System Trends 221

Abrigo

OCTOBER 10, 2023

Review the 2023 Loan Review Survey results with experts and get their take on emerging trends and best practices register for Webinar Takeaway 1 Effective loan review requires experienced staff, well-organized outsourcing, or a combination of the two. Learn what other banks are doing to manage.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Review the 2023 Loan Review Survey results with experts and get their take on emerging trends and best practices register for Webinar Takeaway 1 Effective loan review requires experienced staff, well-organized outsourcing, or a combination of the two. Learn what other banks are doing to manage.

Training 195

Training Survey Resources Software 195

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend. Learn more about the Sageworks Credit Risk Management Solution.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

SEPTEMBER 6, 2024

You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." Enhanced risk management: As AML/CFT obligations expand to include real estate transactions and investment advisers, risk management strategies for financial institutions must adapt.

Compliance 195

Compliance Training Fraud Regulation 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

AUGUST 13, 2024

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. You're not alone. Podcasts are booming as more people find the listen-anywhere-anytime audio format fits their lifestyle needs.

Fraud 221

Fraud Community Community Bank Lending 221