Perficient

FEBRUARY 10, 2021

Solutions like telemedicine, secure patient data management platforms, and prediction software incorporating big data and IoT are becoming increasingly integral to the success of healthcare companies, and the pandemic is accelerating their development. Cultural Alignment and Collaborative Communication.

Software 294

Software Innovation Company America 294

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. Lending & Credit Risk. Portfolio Risk & CECL.

Risk Management 195

Risk Management Management Regulation Analysis 195

Perficient

OCTOBER 24, 2024

As noted at the time 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.

Regulation 221

Regulation Risk Management Compliance Fraud 221

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

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

OCTOBER 22, 2024

Our intelligent fraud detection software and risk management tools help fraud professionals in their fight against financial crime. Jay Blandford is Chief Executive Officer of Abrigo, a leading provider of risk management, financial crime prevention, and lending software and services that help more than 2,500 U.S.

Security 221

Security Fraud Community National 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. banking regulations.

Compliance 195

Compliance Technology Operations Risk Management 195

Abrigo

SEPTEMBER 29, 2022

Construction loan softwares are a windfall of efficiency for financial institutions. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 1 Construction loan management software dramatically increases efficiency and reduces costs.

Software 195

Software Lending Management Strategy 195

Abrigo

SEPTEMBER 29, 2022

Construction loan management software Construction loan management softwares are a windfall of efficiency for financial institutions. You might also like this webinar, "How to manage a high-performing construction loan portfolio." What is construction loan management software?

Software 195

Software Management Lending Tools 195

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . We don't just build great software. learn more.

Risk Management 150

Risk Management Management Lending Fraud 150

Abrigo

OCTOBER 18, 2022

You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 1 Construction draw management software can increase lender efficiency and reduce risk by saving time. How does construction draw software help lenders? How does construction draw software help contractors?

Software 195

Software How To Lending Management 195

Abrigo

MARCH 31, 2025

The lender needs to put forth an accurate and complete picture of the borrowernot only for the borrowers sake, but also for the financial institutions risk management. In addition, loan origination software that automatically feeds relevant information into the memo avoids errors that can arise from manual data entry.

Analysis 195

Analysis Risk Management Management Data 195

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. Also, depending upon the type of vendor and their risk rating, look for service-level agreements with financial implications if they are not met. We don't just build great software.

Risk Management 150

Risk Management Management Security Lending 150

Abrigo

OCTOBER 9, 2024

In fact, smaller institutions can benefit from a more streamlined approach that focuses on the most relevant risks, such as local economic conditions or concentrations in specific loan types. Incorporating a strong Q factor framework into your CECL process is not only a regulatory requirement but also a strategic advantage.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

OCTOBER 18, 2022

Top benefits of construction loan software for bankers and clients Why many banks and credit unions are turning to fintech for construction loan automation. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Advantages of construction loan software. Five key benefits.

Software 195

Software Lending System Management 195

Abrigo

NOVEMBER 2, 2022

Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." Takeaway 2 Banks should seek out collaborative, easily accessible, customizable software for streamlined construction loan automation. Selecting the right construction loan automation software.

Software 195

Software Lending Training Mobile 195

Abrigo

FEBRUARY 28, 2025

Fraud risk management best practices Financial institutions (FIs) should be sure to invest in the following: Hardware: FIs should ensure that their systems are safe and that all updates and patches are applied in a timely manner. 880,418 c omplaints were registered, with potential losses exceeding $12.5

Fraud 221

Fraud social media Training Community 221

Abrigo

SEPTEMBER 24, 2024

When AI complements human decision-making Human oversight, often called a human-in-the-loop approach, remains important as AI increasingly enhances AML/CFT software. Takeaway 3 Financial institutions evaluating AML/CFT software have several compliance considerations related to involving humans in processes.

Software 195

Software Management Compliance Resources 195

Abrigo

JUNE 8, 2017

To provide bank management and the board with an objective assessment of credit quality and ongoing portfolio management 3. To serve as a critical component of a comprehensive, enterprise-wide, risk management practice 4. Additional Resources Managing member business lending risk Hiring headache?

Risk Management 150

Risk Management Management Policies Lending 150

Abrigo

APRIL 19, 2022

Credit and Lending Software Overcome Common Lending Problems Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Minimize institutional risk by tracking, housing and reporting critical loan and financial documentation. . Learn more.

Lending 195

Lending Software Management System 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. Too many financial institutions are serving as software testers. Smart leaders use performance scorecards to keep the board informed.

Risk Management 140

Risk Management Management FDIC Software 140

Abrigo

DECEMBER 10, 2024

Education, collaboration, and advanced fraud detection software can help prevent it. The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime. Abrigos new fraud detection software for banks and credit unions finds more fraud faster.

Fraud 195

Fraud Training Software social media 195

Chris Skinner

APRIL 18, 2017

The banker took exception to purely being a store of value, and felt that the risk management aspect of banking was a critical part of their function. I argued that the bank’s risk management function is being eaten by software. The end is what we are buying and selling.

Risk Management 321

Risk Management Analytics Lending Software 321

PYMNTS

MAY 17, 2019

led round, financial services software startup firm OpenFin notched $17 million in funding. It has created an operating system that helps create and upgrade software applications for financial institutions — much like the way consumer apps get updated on phones. In a Wells Fargo & Co.-led Reuters reported.

Software 134

Software New York Risk Management System 134

Perficient

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 275

Risk Management Tools Management United States 275

Perficient

APRIL 2, 2021

It involves using software to analyze both structured and unstructured data (i.e., The challenge is to ensure that the software being developed is not coded with biases. Risk Management. AI may be used to augment risk management and control practices. fraud detection and financial crime monitoring).

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

APRIL 22, 2020

Argos Risk , which monitors the financial health of other companies, has entered an agreement with software-as-a-service (SaaS) solution Gatekeeper , according to a press release. Gatekeeper works on automating the onboarding process and offers integration support for hundreds of companies.

Risk Management 140

Risk Management Management Leadership Analysis 140

PYMNTS

JUNE 17, 2020

Esker , which specializes in artificial intelligence (AI)-driven process automation software, has launched a new supplier management solution in its procure-to-pay automation suite, which will help businesses manage and automate their supply chains, according to a press release.

Risk Management 141

Risk Management Management Policies Compliance 141

PYMNTS

NOVEMBER 3, 2020

The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated.

Data 220

Data Payments Risk Management Software 220

Perficient

OCTOBER 12, 2020

Named a leader by IDC for treasury and finance, Kyriba optimizes cash and risk management, payments and working capital strategies through a highly secure Software-as-a-Service platform. Bank connectivity is one of the most complicated aspects of an ERP project.

Risk Management 309

Risk Management Fraud Management Compliance 309

Abrigo

FEBRUARY 21, 2025

Here we are in 2025, and that concern is being handled well by financial institutions of all shapes and sizes, with many opting to partner with various CECL software vendors, such as Abrigo, to ease the associated burden. As is often the case, what was initially a concern about data has resulted in opportunity.

Data 195

Data Comparison Study Trends 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. First, they must evaluate whether their institution is prepared to insert AML risk management procedures into the transaction process to match the speed FedNow can offer.

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

AUGUST 2, 2023

3-pronged approach Identifying and quantifying CRE risks Most financial institutions have taken a three-pronged approach to identifying and quantifying risks associated with their CRE segments. Executives should be prepared to discuss credit risk stress testing outcomes and their impact on risk management decisions.

Report 195

Report Risk Management Lending Analysis 195

Abrigo

OCTOBER 21, 2016

Institutions are equipped to solve five common challenges when they provide staff with the necessary data through an integrated software solution: 1. The collection process can be streamlined and documented using a software solution that outlines responsibilities, tracks activities and records receipt dates.

Software 150

Software Lending Handbook Management 150

BankInovation

MARCH 23, 2022

The $5 billion bank will integrate Chainalysis’ real-time transaction compliance platform, investigations technology and risk management software into its existing crypto build. Cross River Bank announced Wednesday that it will use blockchain data company Chainalysis for cryptocurrency compliance.

Software 98

Software Risk Management Compliance cryptocurrency 98

Abrigo

FEBRUARY 25, 2025

Small business lending software that automates financial spreading and analysis eliminates that hassle by: Instantly capturing and calculating key borrower metrics Applying real-time credit scores Comparing financials against industry benchmarks or peers 2.

Lending 195

Lending FDIC Policies Analysis 195

Abrigo

SEPTEMBER 23, 2024

Loan pricing software can help banks and credit unions structure and optimize pricing to ensure the institution is adequately compensated for risk. But it’s often difficult to find factual, comprehensive industry-wide data about interest rates on the new loans being made at banks and credit unions.

Lending 221

Lending Trends Risk Management Data 221