Abrigo

FEBRUARY 3, 2020

The IT team is able to shift that time to other projects, perhaps on innovation that can improve the customer experience or better manage operational or credit risk, or improve efficiency. “If Portfolio Risk & CECL. CECL Methodologies. Credit Risk Regulation. Financial Cybersecurity.

Credit Unions 60

Credit Unions CECL Cybersecurity Credit Risk 60

Abrigo

DECEMBER 7, 2021

Expert advisory consultants can partner with the financial institution to provide a risk assessment that evaluates and documents your aggregate risk profile and solidifies confidence in your BSA/AML program. Financial Cybersecurity. How to Conduct an Exam-Proof BSA/AML Risk Assessment. Financial Cybersecurity.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Abrigo

AUGUST 22, 2022

Financial Cybersecurity. Lending & Credit Risk. Portfolio Risk & CECL. “Novel” Risk Management for Banking Leaders in 2021. If something feels off, take a second to investigate it a little deeper. Ask another question; take a harder look at the check. Fraud Prevention. Fraud Trends.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

JULY 16, 2021

Lending & Credit Risk. Portfolio Risk & CECL. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. Learn More. BSA Rules and Regulation. BSA Training. Learn More. Learn More.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

APRIL 30, 2020

Prioritizing these requests will be critical in successfully managing credit risk and maintaining profitability. Financial Cybersecurity. Artificial Intelligence. BSA Software. FinCEN Strengthens Commitment to Digital Innovation. Learn More. Artificial Intelligence. BSA Software. Artificial Intelligence in BSA. Learn More.

Cybersecurity 78

Cybersecurity Credit Unions Credit Risk Small Businesses 78

Abrigo

OCTOBER 23, 2019

This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. This movement to the cloud requires a robust vendor due diligence process and rigorous ongoing third party management that includes a focus on cybersecurity controls. Understand the vendor’s financial stability.

Cybersecurity 60

Cybersecurity Credit Risk CECL 60

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.

Credit Unions 78

Credit Unions CECL Credit Risk Credit and Collections 78

Abrigo

JUNE 30, 2020

As a result, now is a good time to revisit work-from-home strategies – not only for regulatory and cybersecurity concerns, but also for staying connected and maintaining collaboration. Given that some states are slowing reopening, employers may begin or may already be rethinking plans to start bringing staff back into the office.

Credit Unions 78

Credit Unions Cybersecurity Credit Risk CECL 78

Abrigo

APRIL 12, 2021

Lending participants’ demands Those involved in the lending process (lenders or business relationship managers, underwriters, line-of-business managers, credit authorities, and back-office personnel) “have also come to demand more convenient and digitized processes for tasks they complete across the loan life cycle,” Aite said. Risk Ratings.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Abrigo

MAY 8, 2024

Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. Read the Bank Policy Institute’s guidance for governance and risk management frameworks for Navigating artificial intelligence in banking.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78