Abrigo

OCTOBER 9, 2019

Stress Testing | 6 minute read Key Takeaways Stress testing is a useful tool to help guide CECL decisions. Bottom-up testing is transactional and best for smaller institutions (under $25B). In a recent survey by the National Association for Business Economics, 74% of economists who responded expect a recession by the end of 2021.

CECL 60

CECL Transactions Credit Risk 60

Abrigo

DECEMBER 2, 2021

But impulse buying – whether at home or in business – can result in waste, so think carefully about areas of your bank or credit union that could benefit next year from a small investment as 2021 draws to a close. Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 Portfolio Risk & CECL.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

OCTOBER 20, 2020

The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. There was a quote, ‘You’re looking for talented bankers, not transaction processors,’ that really stuck with us,” Hudson said. Portfolio Risk & CECL.

CECL 78

CECL Credit Risk Transactions 78

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. Portfolio Risk & CECL. financial system. financial system. BSA Training.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

FEBRUARY 23, 2022

The ABA stated in its October 2021 State of Digital Lending report that “baby boomers, who until 2020 lagged in digital adoption, upped their online game, with 68 percent skipping human interaction to make a decision about banking products, up from 55 percent before the pandemic.” Portfolio Risk & CECL. Read Whitepaper.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

AUGUST 22, 2022

billion in fraudulent transactions, a staggering 47% of which were check fraud. The 2021 AFP Payments Fraud and Control Survey reported 66% of fraud activity included check fraud in 2020. One would think as technology improves so would the safeguarding features around monetary transactions. Portfolio Risk & CECL.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

JANUARY 19, 2022

Takeaway 1 Bankers might have hoped the close of 2021 would bring an end to the challenging rate environment and low yields. . Meanwhile, the adoption of the current expected credit loss model, or CECL , is prompting a re-evaluation of credit risk spreads and how those will affect loan pricing and profitability.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78