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.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

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.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Abrigo

AUGUST 18, 2020

Look at the customer due diligence ( CDD ) information or run a credit check to look for loan stacking , and make sure the number of employees makes sense for their payroll. Lending & Credit Risk. Financial Cybersecurity. Asset/Liability. C&I Loans. Loan Origination System. Member Business Lending. SBA Lending.

Cybersecurity 78

Cybersecurity Credit and Collections Transactions Credit Risk 78

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.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

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

MAY 8, 2024

How banks and credit unions use genAI today Short supporting copy. WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Credit unions are jumping in too. Introduce key takeaway below. This short be 2 lines max.

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88

Gaviti

FEBRUARY 6, 2023

Below, we’re reviewing some of the top accounts receivable challenges in 2023 and offering quick ways to shore up your collections process. From marketing automation to cybersecurity to customer support, businesses are applying automation in a variety of creative ways.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52