Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting. Federal guidance.

Risk Management 195

Risk Management Management Regulation Analysis 195

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." Have a playbook.

Risk Management 195

Risk Management Management Policies Lending 195

Insights on Business

JUNE 18, 2019

Risk brings rewards. Risk management professionals are comfortable with ideas about growth curves and early versus late investment. Risk management demands a lot of data from many different sources, and traditional database management systems are too slow for the granular analytics needed today.

Risk Management 185

Risk Management Technology Management Big Data 185

Abrigo

NOVEMBER 22, 2024

This article covers these key topics: Benefits of FRAML for risk management Potential drawbacks of the FRAML approach Factors to consider in decision-making What is FRAML? At its core, FRAML is about taking a more holistic approach to financial crime risk management. Staying on top of fraud is a full-time job.

Fraud 195

Fraud Training Risk Management Compliance 195

PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. The Government Accountability Office (GAO) noted in a report Friday (Oct.

Report 348

Report System Regulation Technology 348

Perficient

AUGUST 3, 2023

Risk Management , Anti-Money Laundering, & Fraud Protection Financial institutions invest heavily in security and risk management, but prevention and recovery progress are delayed by manual reporting and disparate systems.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Perficient

MARCH 25, 2025

It’s the new gold, the ticking time bomb of risk, and the bane of every regulatory report that’s ever come back with more red flags than a beach during a shark sighting. ”) Regulatory reporting (because nobody likes surprise visits from auditors) Start small, prove it works, then expand.

Data 221

Data Case Study Compliance Regional 221

South State Correspondent

MARCH 13, 2023

Available-for-sale securities are reported at fair value, and any unrealized gains and losses are included in accumulated other comprehensive income (AOCI) in the equity section of the balance sheet. The post Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management appeared first on SouthState Correspondent Division.

Risk Management 221

Risk Management Management Community Bank Community 221

Abrigo

FEBRUARY 6, 2025

Meeting investment accounting and reporting requirements The right technology tools can help institutions manage investment accounting compliance and risk exposure across various investment types. Investment accounting compliance not only minimizes operational risks but also reduces regulatory scrutiny.

Compliance 195

Compliance Technology Operations Risk Management 195

Perficient

SEPTEMBER 15, 2021

Standards the Federal Reserve Must Apply: (i) Risk-based Capital Requirements and Leverage Limits. (ii) iii) Overall Risk Management Requirements including the Formation of a Risk Committee. (iv) iv) Resolution Plan and Credit Exposure Report Requirements. (v) ii) Liquidity Requirements. v) Concentration Limits. (vi)

Capital 90

Capital Risk Management Regulation Management 90

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

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

Abrigo

AUGUST 2, 2023

Results of recent reports are a reminder that all bank and credit union executives need to be prepared with key information and insights about CRE credit to effectively address many of the same questions from their own stakeholders and examiners. CECL review The results of stress testing and loan reviews often inform the CECL review process.

Report 195

Report Risk Management Lending Analysis 195

Abrigo

OCTOBER 22, 2024

Federal Trade Commission (FTC) reported consumers lost more than $10 billion to fraud alone in 2023. Each fan could represent a report of suspicious activity targeting an older adult filed by banks and credit unions so far this year. financial institutions manage risk and drive growth in a rapidly changing world.

Security 221

Security Fraud Community National 221

Abrigo

MARCH 21, 2023

If an institution wasn’t fully prepared, however, it can nevertheless meet its goals using tailored asset/liability management (ALM) strategies. Keeping inputs and key assumptions updated regularly provides management and the board with the best reporting by which they can develop a clearer path to success.

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

APRIL 18, 2025

Software providers work together to improve treasury teams' workflows Integrating ledger accounting and risk management software offers treasury departments for banks and credit unions a streamlined workflow without a heavy IT lift. They also needed the ability to schedule process reports. For example, bank treasuries in U.S.

Software 195

Software Risk Management System Resources 195

Perficient

AUGUST 4, 2024

Regulatory Reporting and Compliance Automation Compliance reporting is often a resource-intensive process. Azure Integration Services can automate data collection and reporting from multiple sources, ensuring accuracy and timeliness. Enhanced Risk Management Risk management is a critical aspect of financial services.

Industry 467

Industry Compliance Examples Risk Management 467

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

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. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

Report 195

Report Risk Management Capital Data 195

Abrigo

MARCH 21, 2025

Must report on loan distribution and loan-to-deposit ratios. Intermediate banks (assets between $600 million and $2 billion) Required to include Retail-Based Assessment Areas (RBAAs) in reporting if more than 50% of retail loans were originated outside of Facility-based Assessment Areas (FBAAs).

Compliance 195

Compliance Strategy Data Lending 195

Abrigo

JANUARY 24, 2025

Connect with an expert Half of lenders polled see "some deterioriation" in CRE In a webinar poll by Abrigo, 49% of respondents reported that their institutions are starting to see deterioration in some, but not all, segments of the CRE portfolio. Only 2% reported a significant deterioration in some CRE segments.

Lending 221

Lending Trends Risk Management Management 221

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

Perficient

FEBRUARY 27, 2025

By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities. To stay ahead, banks should adopt compliance technologies that automate regulatory reporting and help them stay agile in a rapidly changing landscape.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

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. Abrigo’s proprietary analysis comes from the largest real-time database of private-company financial statement information in the United States. Nearly all U.S.

Lending 221

Lending Meeting Data Risk Management 221

Perficient

MARCH 7, 2022

The purpose of BCBS 239 (Basel Committee on Banking Supervision’s standard number 239) is to ensure that systemically important banks’ risk data aggregation capabilities and internal risk reporting practices give thorough insight into the risks to which they are exposed. Risk data aggregation capabilities.

Compliance 294

Compliance Data Risk Management System 294

Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. You might also like this on-demand webinar, "Identifying emerging CRE risks." help financial institutions adapt quickly to trends.

Report 195

Report Lending Trends Data 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. Reporting ​. Smart leaders use performance scorecards to keep the board informed.

Risk Management 154

Risk Management Management FDIC Software 154

Abrigo

FEBRUARY 28, 2025

This is a nearly 10% increase in complaints received and a 22% increase in losses and thats just fraud that was offically reported. The Global Anti-Scam Alliance reports that s cammers siphoned away over $1.03 The technology used to perpetrate financial crimes may be changing, but these common fraud typologies aren't going anywhere.

Fraud 221

Fraud social media Training Community 221

Perficient

MARCH 17, 2025

AI-powered chatbots can handle routine inquiries, freeing human agents for complex issues, while AI-driven algorithms enhance fraud detection and risk management. Adopting compliance technologies that automate regulatory reporting and streamline processes will help institutions stay agile.

Trends 221

Trends Analytics Compliance Strategy 221

Abrigo

DECEMBER 10, 2024

The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime. Unfortunately, family members are often the most common perpetrators of elder fraud, accounting for 62% of reported cases. By 2030 , 20% of the U.S.

Fraud 195

Fraud Training Software social media 195

Perficient

APRIL 2, 2021

Risk Management. AI may be used to augment risk management and control practices. AI can assist internal audit and independent risk management to increase sample size (such as for testing), evaluate risk, and refer higher-risk issues to human analysts. Textual analysis. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. Here are several types of reports that provide vital information. You might also be interested in this AML/CFT risk assessment checklist.

Compliance 195

Compliance Fraud Report Trends 195

PYMNTS

JUNE 29, 2020

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.

Fraud 327

Fraud Risk Management Report Management 327

PYMNTS

DECEMBER 9, 2020

Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults.

How To 245

How To Management Report Strategy 245

PYMNTS

AUGUST 9, 2020

The benefits for Google include a unified and accurate supplier record, the ability to integrate supplier qualification and segmentation with other procurement processes, and compliance for supplier risk management throughout the supply base. Strides have been made lately toward eliminating late invoice payments, PYMNTS reported.

Google 362

Google America Risk Management Regional 362

Abrigo

FEBRUARY 25, 2025

It can automatically access credit scores and run loan details and borrower information against the financial institutions risk management policies. Improved risk management Standardized risk assessments minimize subjectivity and enhance compliance.

Lending 195

Lending FDIC Policies Analysis 195

Abrigo

DECEMBER 26, 2024

"With so many BSA/AML enforcement actions, it is clear that the regulatory environment is tightening up its expectations and is actively pursuing action when needed," said Abrigo Senior Risk Management Consultant Elissa Brewer. AI will be an ongoing hot topic, said Abrigo Senior Risk Management Consultant Kevin Gulledge.

Fraud 195

Fraud Compliance South Dakota Resources 195