FICO Blog

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. Thu, 12/08/2022 - 16:00. FICO Admin. Tue, 02/18/2020 - 14:57. by David Binder.

CECL 52

CECL Credit and Collections Credit Risk Default 52

Abrigo

AUGUST 19, 2019

recently found out it will have extra time to implement the current expected credit loss (CECL) accounting standard. We’re pretty committed as an organization,” Robert Sousa, Lead Credit Analyst for Main Street Bank, said during a recent Abrigo webinar hosted by the American Bankers Association’s Endorsed Solutions Group.

CECL 60

CECL Credit Risk 60

Abrigo

OCTOBER 10, 2023

Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. In addition to providing a more  efficient credit risk review , a loan review solution can provide other analytics to support staffing requests. Loan review issues include staffing challenges and training.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. In addition to providing a more  efficient credit risk review , a loan review solution can provide other analytics to support staffing requests. Loan review issues include staffing challenges and training.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

SEPTEMBER 13, 2021

With the deadline for adoption of the current expected credit loss (CECL) model around the corner, the allowance for loan and lease losses (ALLL) as a percentage of total loans and leases dropped 41 basis points from one year ago. Learn more during this webinar: "Capital Planning for Banks & Credit Unions". 27% in June 2021.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 3 Banking intelligence that's purpose-built for banks and credit unions combines analytics and intuititve dashboards.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. Behind these two drivers is higher core inflation, which impacts SMB costs and margins while removing discretionary spending from the consumer.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

APRIL 12, 2023

Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results." well, I have others.” appeared first on Abrigo.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

FICO Blog

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. Thu, 12/08/2022 - 16:00. FICO® Scores, often an important contributor to underwriting risk management strategies, are designed to provide valuable risk rank-ordering through all economic cycles.

Default 52

Default CECL Credit Risk 52

Abrigo

JANUARY 25, 2022

That has top bank and credit union leaders looking to continue the advances in digitalization that have helped them through the pandemic. Indeed, 35% of CEOs say investing in digitalization is their top business opportunity in 2022, according to the Independent Banker’s annual Community Bank CEO Outlook survey. Asset/Liability.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

Abrigo

APRIL 22, 2024

trillion between 2019 and 2022. Lending processes at many banks and credit unions impair their growth efforts. A 2022 report by industry research firm Datos , formerly Aite-Novarica, said lenders have limited levels of automation in a market that requires scale, speed, and loan application volume for success.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Abrigo

DECEMBER 2, 2021

Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022. Takeaway 2 Excess budget funds can also be used to help mitigate risk in areas such as the BSA department or loan review. Streamline and systematize loan review for 2022. Asset/Liability.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

APRIL 7, 2023

You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results." Making a case for greater efficiency Loan review automation eliminates manual processes, saving time and reducing human error. Here's what to say when presenting a case for software at your institution.

Credit Risk 78

Credit Risk CECL 78

Abrigo

MARCH 13, 2023

Stress testing & deposit strategies in the spotlight The failure of Silicon Valley Bank offers other financial institutions the chance to reassess their approaches to and management of interest rate risk, liquidity risk, and credit risk. Liquidity remains the one risk that is hard to fix once broken.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

MARCH 21, 2023

4.75% over the course of 2022 and 2023. With signs continuing to point toward additional rate hikes, albeit smaller, many financial institutions are uncertain how they can and should manage their balance sheets to effectively combat interest rate risk both in the present moment and to come in 2023 and beyond. billion – a 39.7%

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

Abrigo

MAY 22, 2024

trillion between 2019 and 2022. Lending processes at many banks and credit unions impair their growth efforts. A 2022 report by industry research firm Datos , formerly Aite-Novarica, said lenders have limited levels of automation in a market that requires scale, speed, and loan application volume for success.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

MAY 5, 2022

Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". CECL Models. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Portfolio Risk & CECL. keep me informed. Whitepaper. Asset Liability Modeling.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . The new requirements become effective on April 1, 2022, but compliance is not required until May 1, 2022.

Cybersecurity 78

Cybersecurity CECL Law Firms Credit Risk 78

Abrigo

FEBRUARY 1, 2023

Navigate renewals and regulatory changes Watch this video on credit risk in a rising-rate environment Keep me informed watch Flattening, steepening, inverting Yield curve scenarios Flattening yield curve. Department of Treasury Using the 10 Year-2 Year spread as a gauge, the yield curve inverted in October 2022.

CECL 78

CECL Credit Risk 78

Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. In fact, a company or organization must have originated at least 100 covered credit transactions in 2022 and 100 in 2023 to fall under the rule’s requirements at all (i.e.,

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

DECEMBER 17, 2021

Financial institutions should strive to master these three elements to build a solid foundation for successful fintech partnerships in 2022 and beyond. . Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit Risk CECL 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

OCTOBER 4, 2022

Fast forward to 2022 and we have just that. Few institutions need the liquidity now, so they will keep the longer-term, less-earnings-at-risk-sensitive assets. You might also like this webinar, "Deposit strategies for the 2022 funding challenge." Lending & Credit Risk. Portfolio Risk & CECL.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

FEBRUARY 23, 2022

Is growing the small business loan portfolio on your bank or credit union’s agenda? A recent survey by Abrigo found that 87 percent of banks surveyed are working to win more small business loans in 2022. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

FEBRUARY 23, 2023

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. Talk to a specialist to learn more.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

JANUARY 27, 2022

The Federal Reserve’s signal this week that it will start raising interest rates in March 2022 generated a collective high-five throughout the banking industry. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Interest Rates. Tighter Fed policy puts ALM in focus.

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. You might also like this resource: "BSA/AML Risk Assessment Checklist." Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Lending & Credit Risk.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

JANUARY 19, 2022

The unusual circumstances make effective loan pricing more imperative than ever for banks and credit unions. Excess liquidity is persisting into 2022, affecting balance sheets and capital and squeezing net interest margins further as banks and credit unions deploy more assets in the lower-margin investment portfolio or in plain cash.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

AUGUST 22, 2022

Cybercriminals, Fraudsters, and the Dark Web – What to Watch for in 2022. Lending & Credit Risk. Portfolio Risk & CECL. “Novel” Risk Management for Banking Leaders in 2021. Learn More. Advisory Services. Fraud Prevention. Fraud Trends. Learn More. Asset/Liability. Fraud Prevention.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

OCTOBER 21, 2021

Watch the webinar, "Capital Planning for Banks & Credit Unions: Gearing up for Growth in 2022". Stay up to date on interest rate risk and other asset/liability management issues. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. And so, we wait.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

DECEMBER 20, 2021

Lending & Credit Risk. Portfolio Risk & CECL. Staffing Assessments: Why Financial Institutions Should Prepare for 2022 Staffing Needs Now. FinCEN announces $8 Million BSA Enforcement Action: The Resurrection of AML Penalties. Learn More. Asset/Liability. Loan Origination System. Learn More. Learn More.

CECL 78

CECL Transactions Credit Risk 78

Abrigo

JUNE 15, 2023

DOWNLOAD Risk factors Red flags for money laundering through real estate In February 2022, FinCEN issued an Advance Notice of Proposed Rulemaking (ANPRM) for certain persons involved in real estate transactions to collect, report, and retain information. Navigate your BSA exam with tips from this on-demand webinar.

Credit Unions 78

Credit Unions Credit and Collections CECL Transactions 78