Abrigo

MARCH 7, 2022

The reputational risk alone is significant to your institution if you let a sanctioned Russian transaction fall through the cracks. Each potentially suspicious transaction must be analyzed. Financial Cybersecurity. Financial Cybersecurity. Using "known customer" to justify these decisions is insufficient. Shifting Focus.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Abrigo

JANUARY 8, 2020

Some BSA professionals are excited for the promise of added security around transaction monitoring and fraud, while others are worried about the lack of security it provides their jobs. Presented with the same unlabeled ‘test’ data in the second example above, the system should be able to categorize the ‘ducks’ vs. ‘not ducks.’

Cybersecurity 78

Cybersecurity Transactions 78

Abrigo

MARCH 24, 2020

Digital Transactions : The lockdown is forcing people to conduct financial transactions digitally through online banking and payments, even those who may otherwise be less disposed (e.g., Financial Cybersecurity. the elderly). Artificial Intelligence. BSA Software. FinCEN Strengthens Commitment to Digital Innovation. Learn More.

Cybersecurity 60

Cybersecurity Transactions 60

Abrigo

AUGUST 22, 2022

billion in fraudulent transactions, a staggering 47% of which were check fraud. One would think as technology improves so would the safeguarding features around monetary transactions. Financial Cybersecurity. Fraudsters don't need to make a counterfeit version if they have the real thing.) Fraud Prevention. Fraud Trends.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

OCTOBER 10, 2023

Looking out Applying the fraud triangle to your customers While these three points of the fraud triangle may not always be perfectly balanced, they're consistently present in cases of fraud. The customer probably won't give away much information if they try to do the transaction somewhere else.

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Abrigo

JULY 14, 2023

core vs. non-core, migration of deposits from core to transactional accounts, any trend in movement of funds out of the institution, top 10-20 depositors and associated volatility, borrowers without deposit relationships, etc.). So, in this situation, the institution will add reports showing the makeup of deposits (e.g.,

Credit Unions 78

Credit Unions CECL Dashboards Revenue Recognition 78

Lendio

JANUARY 11, 2023

Just note that the food can’t be lavish (sorry, lobster lovers)—it needs to be necessary to the ordinary course of your business, and the owner or an employee needs to be present. The number of transactions you have in this category will depend on the type of business you own. Yes, meals can be deducted in many business situations.

Deductions 52

Deductions Cybersecurity Small Businesses Transactions 52

Due

AUGUST 3, 2023

The allure of potentially high returns has enticed risk-tolerant investors to explore this dynamic market, eager to seize opportunities presented by Bitcoin’s price volatility. Being a digital asset, Bitcoin is susceptible to hacking attempts, scams, and other cybersecurity threats.

Cybersecurity 98

Cybersecurity Transactions 98

Abrigo

SEPTEMBER 18, 2020

Exploitation of remote applications: the transition to “work from home” remote access and virtual applications during the pandemic has presented new opportunities for bad actors to target businesses and individuals. Financial Cybersecurity. solicitation to work from home for an unrealistic salary). BSA Rules and Regulation. Card Fraud.

Electronic Funds Transfer 78

Electronic Funds Transfer Cybersecurity Transactions Credit Risk 78

Abrigo

FEBRUARY 8, 2024

For financial institutions, identifying warning signs is critical to detecting fraud before the victim experiences devastating losses: Transaction monitoring: Implement transaction monitoring software and fraud detection software that detects patterns associated with romance scams, triggering alerts for further investigation.

Cybersecurity 88

Cybersecurity Transactions 88

Abrigo

AUGUST 10, 2020

E xploitation of remote applications : t he transition to “ work from home ” remote access and virtual applications during the pandemic has presented new opportunities for bad actors to target businesses and individuals. . Financial Cybersecurity. 5 Ways Your Transaction Monitoring System Can Detect COVID-19 Related Fraud.

Cybersecurity 78

Cybersecurity Transactions Credit Risk 78

Abrigo

AUGUST 10, 2020

E xploitation of remote applications : t he transition to “ work from home ” remote access and virtual applications during the pandemic has presented new opportunities for bad actors to target businesses and individuals. . Cybercriminals target remote platforms and processes.

Cybersecurity 78

Cybersecurity Transactions 78

Due

AUGUST 31, 2023

Data visualization brings you a comprehensive solution, maximizing visual engagement through the appropriate presentation. The intrinsic relationships become more apparent when you present data visually. Well-presented visuals simplify complex concepts, making financial data easily ingestible by everyone.

Dashboards 59

Dashboards Credit and Collections Cybersecurity Insurance Companies 59

Abrigo

APRIL 8, 2020

If a strong BSA program is in place and includes robust transaction monitoring, an institution should onboard these new loans with little additional BSA risk. Financial Cybersecurity. BSA Software. FinCEN Strengthens Commitment to Digital Innovation. Learn More. Artificial Intelligence. BSA Software. Learn More. BSA Software.

Credit Unions 78

Credit Unions Credit and Collections Cybersecurity Small Businesses 78

RMAi Blog

MARCH 14, 2023

New York SB 4750 – This bill would expand the scope of the 2021 Consumer Credit Fairness Act (CCFA) by replacing the term “consumer credit transaction” with “consumer debt” and thereby bringing debt such as medical and utility under the scope of the CCFA’s litigation requirements.

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130