CECL, Credit Risk and Cybersecurity - Credit Management Source

The 2023 NCUA supervisory priorities: Takeaways for credit unions implementing CECL

Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

Credit Unions

Credit Unions CECL Credit Risk Credit and Collections

2020 Goals for Credit Unions Based on NCUA Supervisory Priorities

Abrigo

JANUARY 27, 2020

Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Strengthen credit risk by improving your credit union's loan underwriting standards. Be proactive in cybersecurity controls and implement best practices. . Strengthen credit risk by improving underwriting. talk to an advisor.

Credit Unions

Credit Unions Cybersecurity CECL Credit Risk

What is a Loan Origination System (LOS)?

Abrigo

APRIL 12, 2021

Lending participants’ demands Those involved in the lending process (lenders or business relationship managers, underwriters, line-of-business managers, credit authorities, and back-office personnel) “have also come to demand more convenient and digitized processes for tasks they complete across the loan life cycle,” Aite said. Risk Ratings.

Credit Unions

Credit Unions Credit Risk Credit and Collections Cybersecurity

Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

APRIL 6, 2022

The war in Ukraine has financial institutions on high alert for cybersecurity threats. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents. Stay up to date with cybersecurity issues. Lending & Credit Risk.

Cybersecurity

Cybersecurity CECL Law Firms Credit Risk

5 reasons your financial institution should attend the ThinkBIG 2024 conference

Abrigo

JANUARY 30, 2024

The Credit + Lending + Portfolio Risk track will cover topics on managing credit risk, making smarter loans faster, managing the current expected credit loss (CECL), stress testing, and asset/liability management (ALM).

Credit Unions

Credit Unions CECL Credit Risk Cybersecurity

Cyber Complications for Vendor Risk Management

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. Credit Risk. Lending & Credit Risk.

Cybersecurity

Cybersecurity CECL Credit Risk

How to detect counterfeit checks

Abrigo

AUGUST 5, 2024

Find out how Abrigo Fraud Detection stops check fraud in its tracks.

Credit Unions

Credit Unions Cybersecurity CECL Credit Risk

2023 Fraud trends: What banks and credit unions can expect

Abrigo

DECEMBER 27, 2022

Financial Cybersecurity. Banking cybersecurity & cybercrime: Protecting banking customers starts with you. Lending & Credit Risk. Portfolio Risk & CECL. Keep me informed. Whitepaper. Financial Crime. Fraud Prevention. Learn More. Asset/Liability. Fraud Prevention.

Credit Unions

Credit Unions Cybersecurity CECL Credit and Collections

OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

DECEMBER 3, 2021

by calling the phone number on the back of a debit/credit card) to confirm that they are, in fact, speaking with an authorized representative. . Financial Cybersecurity. Lending & Credit Risk. Portfolio Risk & CECL. Customers should be encouraged to call the corporate call center (e.g., Fraud Trends.

Cybersecurity

Cybersecurity CECL Credit Risk

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

Abrigo

JULY 14, 2023

in CECL calculations and loan performance), but stale information is not the best to use for strategic planning. Are the insights derived from the tool reflective of up-to-date or real-time data? Historical data serves a purpose and can tell a financial Institution where they have been and how they have historically performed (e.g.,

Credit Unions

Credit Unions CECL Dashboards Revenue Recognition

Hosted vs. On-Premise Solutions for Financial Institutions

Abrigo

FEBRUARY 3, 2020

The IT team is able to shift that time to other projects, perhaps on innovation that can improve the customer experience or better manage operational or credit risk, or improve efficiency. “If Portfolio Risk & CECL. CECL Methodologies. Credit Risk Regulation. Financial Cybersecurity.

CECL

CECL Credit Unions Cybersecurity Credit Risk

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

Abrigo

DECEMBER 7, 2021

Expert advisory consultants can partner with the financial institution to provide a risk assessment that evaluates and documents your aggregate risk profile and solidifies confidence in your BSA/AML program. Financial Cybersecurity. How to Conduct an Exam-Proof BSA/AML Risk Assessment. Financial Cybersecurity.

Cybersecurity

Cybersecurity Credit Unions Transactions Credit and Collections

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

Abrigo

JULY 16, 2021

Lending & Credit Risk. Portfolio Risk & CECL. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. Learn More. BSA Rules and Regulation. BSA Training. Learn More. Learn More.

Credit Unions

Credit Unions Cybersecurity CECL Credit Risk

Check It Out: How Can You Better Protect Against Check Fraud at Your Institution?

Abrigo

AUGUST 22, 2022

Financial Cybersecurity. Lending & Credit Risk. Portfolio Risk & CECL. “Novel” Risk Management for Banking Leaders in 2021. If something feels off, take a second to investigate it a little deeper. Ask another question; take a harder look at the check. Fraud Prevention. Fraud Trends.

Cybersecurity

Cybersecurity CECL Transactions Credit Risk

Getting Your Financial Institution in Shape for Loan Workouts Amid the Coronavirus Pandemic

Abrigo

APRIL 30, 2020

Prioritizing these requests will be critical in successfully managing credit risk and maintaining profitability. Financial Cybersecurity. Artificial Intelligence. BSA Software. FinCEN Strengthens Commitment to Digital Innovation. Learn More. Artificial Intelligence. BSA Software. Artificial Intelligence in BSA. Learn More.

Cybersecurity

Cybersecurity Credit Unions Credit Risk Small Businesses

Cyber Complications for Vendor Risk Management

Abrigo

OCTOBER 23, 2019

This is especially challenging with cloud-based providers where cybersecurity concerns are even greater. This movement to the cloud requires a robust vendor due diligence process and rigorous ongoing third party management that includes a focus on cybersecurity controls. Understand the vendor’s financial stability.

Cybersecurity

Cybersecurity Credit Risk CECL

Staying Connected in a Remote Financial Services Workforce

Abrigo

JUNE 30, 2020

As a result, now is a good time to revisit work-from-home strategies – not only for regulatory and cybersecurity concerns, but also for staying connected and maintaining collaboration. Given that some states are slowing reopening, employers may begin or may already be rethinking plans to start bringing staff back into the office.

Credit Unions

Credit Unions Cybersecurity Credit Risk CECL

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

Abrigo

MAY 8, 2024

Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. Read the Bank Policy Institute’s guidance for governance and risk management frameworks for Navigating artificial intelligence in banking.

Credit Unions

Credit Unions Cybersecurity CECL Credit and Collections

Credit Management Source

The 2023 NCUA supervisory priorities: Takeaways for credit unions implementing CECL

2020 Goals for Credit Unions Based on NCUA Supervisory Priorities

Trending Sources

What is a Loan Origination System (LOS)?

Banking Computer-Security Incident Notification Requirements Take Effect

5 reasons your financial institution should attend the ThinkBIG 2024 conference

Cyber Complications for Vendor Risk Management

How to detect counterfeit checks

2023 Fraud trends: What banks and credit unions can expect

OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

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

Hosted vs. On-Premise Solutions for Financial Institutions

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

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

Check It Out: How Can You Better Protect Against Check Fraud at Your Institution?

Getting Your Financial Institution in Shape for Loan Workouts Amid the Coronavirus Pandemic

Cyber Complications for Vendor Risk Management

Staying Connected in a Remote Financial Services Workforce

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

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