Abrigo
DECEMBER 27, 2022
Or they claim their targets have won a foreign lottery or sweepstake, which they can collect for a "fee." Financial Cybersecurity. Banking cybersecurity & cybercrime: Protecting banking customers starts with you. Lending & Credit Risk. Portfolio Risk & CECL. Update and adjust. Keep me informed.
Abrigo
DECEMBER 7, 2021
According to the FFIEC, there are no required risk categories, and the number and detail of these categories vary based on the bank or credit union's size or complexity. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk. Fraud Prevention.
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Abrigo
MARCH 31, 2023
NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.
Abrigo
MAY 8, 2024
How banks and credit unions use genAI today Short supporting copy. Credit unions are jumping in too. Banks and credit unions want to serve their clients better and improve their services and products. For example, banks and credit unions must comply with strict data privacy laws. Introduce key takeaway below.
Abrigo
APRIL 12, 2021
Takeaway 2 Once a bank or credit union understands the need for an LOS, it develop one or use a third-party vendor. A loan origination system (LOS) has become a common banking buzzword among banks and credit unions in recent years. It’s also important to understand how an LOS may be able to help your bank or credit union.
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