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

JANUARY 25, 2022

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. But for 2022, they’re seeing fintech partnerships as their primary driver of growth and seeing it as very important to their overall strategies.”. Learn More.

Credit Unions 78

Credit Unions CECL Credit Risk Transactions 78

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 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Streamline and systematize loan review for 2022.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

Abrigo

JUNE 5, 2023

transactional accounts like CDs versus primary checking accounts) but also in terms of balances to identify surge balances. Measure liquid assets as a percentage of total assets and evaluate this ratio relative to peers. Second, track core deposits as a percentage of total assets and evaluate this relative to peers.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 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. Financial institutions should not expect a slowdown of any of 2022’s fraud trends. After the fraudster receives the fee, the investment transaction is never executed. DOWNLOAD .

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

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. Cybercriminals, Fraudsters, and the Dark Web – What to Watch for in 2022. Portfolio Risk & CECL. Learn More. Advisory Services.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

FEBRUARY 23, 2022

A recent survey by Abrigo found that 87 percent of banks surveyed are working to win more small business loans in 2022. Portfolio Risk & CECL. Is growing the small business loan portfolio on your bank or credit union’s agenda? If so, you’re not alone. Read Whitepaper. Lending & Credit Risk. Learn More. Asset/Liability.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78