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CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Abrigo

Protecting portfolio health Recognize ailing CRE loans early Media organizations are reporting scary-sounding data, and the headlines scream about the most recent victims. A wave of pending maturity events ($2 trillion of CRE loans are reported to mature in the next years). Struggling to track and report on construction loans?

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FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Abrigo

According to news reports, one credit union alone had more than $1.7 One study found that the rate of fraudulent calls to credit union call centers jumped 70% in 2022, to 1 in 974 calls. The FedNow Service offers various educational resources, as do other industry groups. million stolen.

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The Fed’s ELE Tool for CECL: What It Is and Isn’t

Abrigo

Banks and credit unions facing a 2023 deadline for implementing CECL are within six months of the adoption requirement, Fed Governor Michelle Bowman said on a webinar with bankers unveiling the new resource. Get advice from two recent CECL adopters in this whitepaper: "Implementing CECL for Large and Small Banks.". keep me informed.

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How to Establish Quality Fintech Partnerships

Abrigo

DOWNLOAD WHITEPAPER . Digital Banking Report. Executives must center their communication on the vision for the technology and what employees will gain from it. As an executive, consider asking questions like: What analytics and insights are missing in our reports? teams have been an integral resource to the bank.

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3 top tech trends for public accountants to watch in 2017

Abrigo

Some 90 percent of respondents in the Future of the Cloud Computing Survey reported they use the cloud in some way. The CEO of Accountingfly, an online career center for accountants, recently told Accounting Today that job opportunities listed as “remote” see seven times more applicants than traditional in-house CPA positions.

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Fraud prevention and detection: Empowering clients through education

Abrigo

Takeaway 3 Numerous resources can help banks and credit unions offer training on fraud to help customers or members recognize scams and avoid theft. The Federal Trade Commission (FTC) reports that U.S. Provide resources and updates on new threats, ensuring customers can stay ahead of evolving risks.

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How to Expose the Hidden Crime: Elder Financial Exploitation

Abrigo

With no signs of dissipating, financial institutions are in a unique position to detect and report these crimes. Fraudsters can play into the vulnerable population’s fears and scam them out of financial resources. Elder Financial Exploitation is an under-reported and growing crime. Whitepaper. learn more. Learn More.