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Cyber Complications for Vendor Risk Management

Abrigo

The following article was first published in ABA Banking Journal on October 17, 2019. Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. Portfolio Risk & CECL. Portfolio Risk & CECL. Thoroughly assess your contract.

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Data-driven strategies for banks and credit unions: Start here

Abrigo

Would you like other articles like this in your inbox? in CECL calculations and loan performance), but stale information is not the best to use for strategic planning. Takeaway 1 Exactly what information is needed to evaluate the viability of identified short- and long-term goals?

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How to Conduct an Exam-Proof BSA/AML Risk Assessment

Abrigo

Would you like other articles like this in your inbox? Financial Cybersecurity. Financial Cybersecurity. Portfolio Risk & CECL. Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Fraud Prevention. Fraud Trends. Learn More. Fraud Trends.

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FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions

Abrigo

Would you like others articles like this in your inbox? Portfolio Risk & CECL. FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system. BSA Rules and Regulation. BSA Training. FATF Releases New Guidance on Key AML/CTF Concerns.

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Cyber Complications for Vendor Risk Management

Abrigo

The following article was first published in ABA Banking Journal on October 17, 2019. This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. See how to implement generative AI with speed and safety in this article by McKinsey & Co. This can include images, videos, audio, text, and other digital content.”