Abrigo

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting. Model governance overview.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

OCTOBER 10, 2023

Takeaway 2 Software helps streamline when employees are spread out and spread thin between remote work challenges and growing responsibilities. Leveraging loan review software   can help financial institutions maximize their existing resources. Learn what other banks are doing to manage.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Takeaway 2 Software helps streamline when employees are spread out and spread thin between remote work challenges and growing responsibilities. Leveraging loan review software   can help financial institutions maximize their existing resources. Learn what other banks are doing to manage.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 7, 2021

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Preparing for CECL.

CECL 78

CECL Credit Unions 78

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. You might also like this 7-step guide to a successful software implementation.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

FEBRUARY 11, 2022

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard.

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

NOVEMBER 13, 2023

 How is it distinguished from the loan review process (credit risk review), and what common pitfalls can impede an effective annual review process?  What is interesting about annual reviews is that there is no standard process or method that all banks follow. Stable loans don’t necessarily require the same amount of work and detail.

CECL 78

CECL Credit Risk Transactions 78

Abrigo

MAY 2, 2024

DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function. It sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Abrigo

APRIL 7, 2023

Here's what to say when presenting a case for software at your institution. Reduce manual processes Making a case for loan review automation software Building a business case for most software purchases can feel like a daunting task. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results."

Credit Risk 78

Credit Risk CECL 78

Abrigo

NOVEMBER 2, 2022

Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." Takeaway 2 Banks should seek out collaborative, easily accessible, customizable software for streamlined construction loan automation. Selecting the right construction loan automation software.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

Abrigo

SEPTEMBER 22, 2021

CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Stay updated on all things CECL. New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process. Learn more.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

AUGUST 24, 2023

CS: The dramatic surge in rates over the past 15 months has created several challenges for lenders , including higher deposit costs, losses on their investment portfolios, and reduced loan demand from their borrowers. Abrigo's asset/liability management software helps you make better strategic decisions.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. In other words, the greater the risk, the more covenants matter. Where are loan covenants found?

Credit Risk 88

Credit Risk Credit Unions Default CECL 88

Abrigo

SEPTEMBER 5, 2023

You might also like these on-demand webinars on tackling common credit risk questions. Takeaway 2 A credit exception should be specific, have a well-defined risk justification, and include details on clearing it. Challenges of exceptions Too many credit exceptions can cloud risk I hate credit exceptions.

Credit Risk 78

Credit Risk CECL Credit Unions Transactions 78

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Credit Unions 78

Credit Unions CECL Default Transactions 78

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. FinCEN's emphasis underlines financial institutions' need to incorporate fraud within their risk assessment framework. Develop a consumer risk rating process encompassing the possibility of 1 st- party fraud on consumer accounts.

CECL 78

CECL Credit Unions Transactions Credit Risk 78

Abrigo

JANUARY 25, 2022

You might also like this whitepaper, "Leading a Successful Software Implementation." Takeaway 2 Look for signs that indicate a planned software implementation or other technology change might be at risk of failure or poor return on investment. . The institution has many technology users who will be transitioning to new software.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Signs of increased activity ahead. CRE loan accommodations.

Credit Unions 78

Credit Unions Credit Risk CECL Credit Management 78

Abrigo

MAY 10, 2021

Providers of loan origination software representing good partners for a financial institution also have specific features. Therefore, commercial loan software will have features such as: A business development component that helps the financial institution identify lending opportunities to better serve customers or members.

Credit Risk 78

Credit Risk CECL Credit Scoring 78

Abrigo

OCTOBER 9, 2019

Stress Testing | 6 minute read Key Takeaways Stress testing is a useful tool to help guide CECL decisions. It also provides guidance for the impact of the new accounting standard, Current Expected Credit Losses (CECL), on the portfolio. CECL-Compliant Calculations you don't have to second guess? The top-down approach.

CECL 60

CECL Transactions Credit Risk 60

Abrigo

FEBRUARY 23, 2022

Is growing the small business loan portfolio on your bank or credit union’s agenda? In other words, many financial institutions will be prioritizing the same segment of the portfolio this year , therefore vying for some of the same small and medium-sized businesses. . Streamline with Software. If so, you’re not alone.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

JUNE 8, 2021

Takeaway 1 Civil monetary penalties and reputational risks are reasons why institutions need to employ seasoned sanctions officers. Five things to look for in an OFAC scanning software. Would you like others articles like this in your inbox? learn more. Framework Document. A Framework for OFAC Compliance Commitments. or with U.S.

CECL 78

CECL Trust Companies Credit Risk Transactions 78

Abrigo

FEBRUARY 23, 2023

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. People have other options,” Kirby said. “If

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

FEBRUARY 23, 2022

After the success community banks and credit unions had helping businesses in their local communities with lending during the pandemic , financial institutions continue to turn to small business loans as a source of portfolio growth. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Effective stress testing can benefit many different facets of lending, from risk management and strategic decision-making to capital adequacy and liquidity management. Stress testing and risk management.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

DECEMBER 1, 2020

Lending & Credit Risk. Portfolio Risk & CECL. Decision Guide: 7 Steps for a Successful Software Implementation. Lending & Credit Risk. Portfolio Risk & CECL. Leading a Successful Software Implementation: Best Practices for Optimizing Change Management. Learn More.

CECL 78

CECL Credit Risk Dashboards Small Businesses 78

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. The sophistication of a loan administration system, of course, depends on the size of the institution and staff, as well as the complexity of its portfolio. Effective loan administration protects margins, balance sheets.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

SEPTEMBER 5, 2019

The good news is that financial institutions can take several steps to ensure they avoid troublesome software integrations, says Steven Martin of Marcato Advisors, a bank consulting firm focused on achieving success with fintech. It’s actually the last thing the technology provider wants as well – if the vendor plans to stay in business.

CECL 60

CECL Credit Risk Credit Unions 60

Abrigo

AUGUST 21, 2019

Shopping for a bank secrecy act/anti-money laundering (BSA/AML) monitoring software can feel overwhelming. Your system is calibrated to your risk profile at implementation and gives you the tools to adjust as your risk profile changes over time. In BAM+, you find both behavioral and rules-based analytics, along with typologies.

CECL 94

CECL 94

Abrigo

NOVEMBER 7, 2019

CECL | 7 minute read Key Takeaways Balancing the scales: the FASB's cost-benefit an alysis of CECL. Strategies to lessen the impact of CECL on smaller community banks. During the presentation, Schroeder addressed many CECL questions, shedding light on the nuances of the standard. Now that's big. Learn More.

CECL 60

CECL Credit Unions Small Businesses 60

Abrigo

AUGUST 12, 2019

Abrigo is bringing together the nation’s leading conferences on the new current expected credit loss (CECL) standard, MainStreet Technologies’ National CECL Conference, and the leading conference on lending, credit and portfolio risk best practices, Sageworks’ Lending & Risk Summit. Earn CPE credit hours.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

AUGUST 9, 2019

The current expected credit loss model, or CECL. The ThinkBIG Conference combines MainStreet Technologies’ National CECL Conference and Sageworks’ Lending & Risk Summit. ThinkBIG features two tracks for attendees: CECL + Portfolio Risk and Lending + Credit Risk. See the entire agenda here.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

JUNE 30, 2022

For these reasons, institutions often use third parties or special software tools to calculate betas. Portfolio Risk & CECL. Credit Risk Management. Lending & Credit Risk. Strategies to Grow your Commercial Loan Portfolio. Lending & Credit Risk. Loan Pricing. Learn More. Learn More.

CECL 78

CECL Credit Risk 78

Abrigo

AUGUST 26, 2019

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. To learn more about the other lending and credit risk topics during the conference, see the agenda. Credit Risk. Credit Risk. Portfolio Risk & CECL.

CECL 60

CECL Credit Unions Credit Risk Small Businesses 60

Abrigo

DECEMBER 27, 2022

You might also like this resource: "BSA/AML Risk Assessment Checklist." Clicking on this illicit source can lead you to download malicious software, send money, or disclose personal, financial, or other sensitive information. Stay updated on emerging fraud trends and adjust your fraud prevention software and processes accordingly.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

DECEMBER 17, 2021

Learn top best practices for leading a successful software implementation. Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . Abrigo is more like a partner to us than a vendor or software provider.”? . Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

DECEMBER 7, 2021

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Document the BSA/AML risk assessment.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78