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 78

Credit Unions CECL Dashboards Revenue Recognition 78

Abrigo

DECEMBER 3, 2021

Financial Cybersecurity. Portfolio Risk & CECL. Customers should be encouraged to call the corporate call center (e.g., 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. . Fraud Prevention. Fraud Trends. Learn More. Asset/Liability.

Cybersecurity 78

Cybersecurity CECL Credit Risk 78

Abrigo

DECEMBER 7, 2021

Financial Cybersecurity. Financial Cybersecurity. Portfolio Risk & CECL. 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. Fraud Prevention. Fraud Trends. Learn More.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Abrigo

FEBRUARY 3, 2020

Portfolio Risk & CECL. CECL Methodologies. Financial Cybersecurity. Fraud Prevention. Hosted vs. On-Premise Solutions for Financial Institutions. Learn More. Fraud Prevention. Beneficial Ownership: Is the U.S. Doing Enough to Pierce the Corporate Veil? Learn More. Credit Risk Regulation. Fraud Prevention.

CECL 60

CECL Credit Unions Cybersecurity Credit Risk 60

Abrigo

AUGUST 22, 2022

Financial Cybersecurity. Portfolio Risk & CECL. If something feels off, take a second to investigate it a little deeper. Ask another question; take a harder look at the check. You may just save a customer a very real headache… and thousands of dollars. Fraud Prevention. Fraud Trends. Learn More. Advisory Services. Fraud Prevention.

Cybersecurity 78

Cybersecurity CECL Transactions Credit Risk 78

Abrigo

APRIL 12, 2021

Regulatory demands Demands related to the allowance for loan and lease losses (ALLL) or the current expected credit loss (CECL), as well as for Dodd-Frank stress testing and other regulatory regimes are requiring lenders to justify and document their risks and decisions in detail.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Abrigo

JULY 16, 2021

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. BSA Rules and Regulation. BSA Training. FATF Releases New Guidance on Key AML/CTF Concerns. Learn More. Lending & Credit Risk. Learn More.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

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 60

Cybersecurity Credit Risk CECL 60

Abrigo

APRIL 30, 2020

Financial Cybersecurity. Artificial Intelligence. BSA Software. FinCEN Strengthens Commitment to Digital Innovation. Learn More. Artificial Intelligence. BSA Software. Artificial Intelligence in BSA. Learn More. The post Getting Your Financial Institution in Shape for Loan Workouts Amid the Coronavirus Pandemic appeared first on Abrigo.

Cybersecurity 78

Cybersecurity Credit Unions Credit Risk Small Businesses 78

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 78

Credit Unions Cybersecurity Credit Risk CECL 78

Abrigo

MAY 8, 2024

Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. This can include images, videos, audio, text, and other digital content.”

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88