Gaviti

MAY 30, 2023

How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. What Is Accounts Receivable Collections Outsourcing? A/R collections outsourcing refers to the practice of hiring another entity to manage your collections activities.

Credit and Collections 98

Credit and Collections Cybersecurity Bankruptcy 98

SAP Credit Management

AUGUST 30, 2023

Cybersecurity is a multi-dimensional problem that never ends. When applying durian to cybersecurity, the joke about people running the moment their security or compliance officer shows up writes itself. The hard spiky stuff of our cybersecurity framework and the resulting controls we set for ourselves aren’t up for debate.

Cybersecurity 170

Cybersecurity 170

Abrigo

DECEMBER 27, 2022

Ransomware is a form of malware targeting both human and technical weaknesses to access critical data and extort money in exchange for not sharing proprietary information. If the victim responds to the email or clicks on an embedded link, confidential account information could be leaked, or malware could infiltrate your company network.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 78

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. Has your credit union started your annual process for updating your anti-money laundering/countering the financing of terrorism (AML/CFT) risk assessment?

Credit Unions 78

Credit Unions Cybersecurity Credit and Collections Transactions 78

Abrigo

JANUARY 24, 2024

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. DOWNLOAD Takeaway 1 Preventing fraud is a top concern of credit unions considering adopting FedNow, the new instant payments infrastructure from the Federal Reserve. These include the ability to accept a payment without posting.

Credit Unions 88

Credit Unions Credit and Collections Transactions Cybersecurity 88

SAP Credit Management

JANUARY 25, 2023

SAP is proud to announce its partnership with the Joint Cyber Defense Collaborative (JCDC) SAP believes strongly in the power of collective action, especially when it comes to the security of our people, products, assets and our hundreds of thousands of customers.

Cybersecurity 125

Cybersecurity 125

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 78

Credit Unions CECL Credit Risk Credit and Collections 78

Due

JULY 22, 2024

By centralizing the collection, analysis, and organization of actionable data within remote-accessible, unified environments, business owners can streamline a wide variety of core processes and positively impact productivity metrics. Regulatory compliance : The data collection and storage rules may differ for VSaaS vendors.

Cybersecurity 52

Cybersecurity Credit and Collections Small Businesses 52

SAP Credit Management

FEBRUARY 8, 2023

Creating a Trusted Environment in Pharmaceuticals with Mike Towers On episode nine of the Trust Podcast, an SAP podcast about cybersecurity, trust and today’s landscape, SAP’s Chief Trust Officer Elena Kvochko was joined by Mike Towers, Chief Digital Trust Officer at Takeda Pharmaceuticals International.

Cybersecurity 104

Cybersecurity 104

SAP Credit Management

AUGUST 30, 2023

(Jana Subramanian serves as APJ Principal Cybersecurity Advisor for Cloud Security and a Fellow of Information Privacy (FIP), awarded by the International Association of Privacy Professionals (IAPP). By leveraging the Cyber Fusion Center, SAP is well-equipped to navigate the ever-changing landscape of cybersecurity threats.

Cybersecurity 184

Cybersecurity Default Transactions 184

Biz2X

AUGUST 15, 2023

Cybersecurity solutions help protect customer information and assets. Leverage the information to figure out how you can run your banking operation more effectively and efficiently. In addition, they provide account information to customers quickly and accurately and help answer questions and resolve issues.

Cybersecurity 52

Cybersecurity Credit and Collections Transactions Credit Unions 52

Abrigo

JANUARY 4, 2023

Phishing scams: Phishing scams use emails with malicious links to gather personal details, such as users’ crypto wallet key information. If they obtain enough information, the scammer can gain unfettered access to victims’ crypto. Keep me informed. Financial Cybersecurity. Financial Cybersecurity. Financial Crime.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

SAP Credit Management

JANUARY 9, 2023

From AI assisted design to digital sensors built into Operations Technology (OT) equipment are gathering and sending data in on a continuous basis, leading to challenges in collection, analysis, storage and archiving. Workforce and Talent Management. Finance Management. Enterprise Data Management, Business Technology Platform, and Analytics.

Cybersecurity 127

Cybersecurity 127

Abrigo

JULY 10, 2023

Takeaway 3 Inform your customers of the latest AI fraud trends and give them best practices to avoid it. Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes.

Credit Unions 60

Credit Unions Cybersecurity Credit and Collections Transactions 60

SAP Credit Management

JULY 11, 2023

Data Protection: SAP systems typically contain vast amounts of sensitive data, including financial records, customer information, employee data, and intellectual property. For safeguarding sensitive data, IBM Guardium takes the stage, empowering organisations to fortify their defences and shield their valuable information.

Cybersecurity 114

Cybersecurity 114

Abrigo

APRIL 12, 2021

Takeaway 2 Once a bank or credit union understands the need for an LOS, it develop one or use a third-party vendor. A loan origination system (LOS) has become a common banking buzzword among banks and credit unions in recent years. It’s also important to understand how an LOS may be able to help your bank or credit union.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Due

FEBRUARY 21, 2023

Cybersecurity breaches are particularly devastating when they involve your hard-earned money. In February 2023, for example, a man lost over $20,000 after a data breach at Medibank, and Optus leaked his personal information on the dark web. Collect tax refunds. The money amounted to his entire life’s savings.

Cybersecurity 52

Cybersecurity Credit and Collections 52

Due

FEBRUARY 21, 2023

Cybersecurity breaches are particularly devastating when they involve your hard-earned money. In February 2023, for example, a man lost over $20,000 after a data breach at Medibank, and Optus leaked his personal information on the dark web. Collect tax refunds. The money amounted to his entire life’s savings.

Cybersecurity 52

Cybersecurity Credit and Collections 52

Gaviti

MARCH 10, 2024

In addition, the increase in technology and the volume of personal information accounting firms have at their disposal has led to a significant rise in cybersecurity attacks in the industry. Its modules include: Credit Monitoring and Management. Collection Analytics. Customer Self-Service Gateway.

Accounting Firms 52

Accounting Firms Credit and Collections Cybersecurity Invoice to Cash 52

TreviPay

SEPTEMBER 15, 2023

The term cash management refers to the process of optimizing the collection and management of cash flow channels. It involves accurately tracking all cash inflows and outflows, maintaining clear records of financial transactions and ensuring that all financial information is up-to-date and accurate. What is cash management?

Electronic Funds Transfer 52

Electronic Funds Transfer Days Sales Outstanding Credit and Collections Cybersecurity 52

Abrigo

FEBRUARY 25, 2022

Banks, credit unions, and non-bank financial institutions ( NBFIs ) should w atch for t hese eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. published by Chainalysis, 55 percent of all cybersecurity crime is comprised of just 270 deposit addresses. Fact Sheet

Credit Unions 78

Credit Unions Credit and Collections Cybersecurity 78

Abrigo

DECEMBER 7, 2021

According to the FFIEC, there are no required risk categories, and the number and detail of these categories vary based on the bank or credit union's size or complexity. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk. Fraud Prevention.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Biz2X

JUNE 9, 2023

You must pay close attention to ensure adherence to legal frameworks and protection of customer information. The process typically looked something like this: Choose a bank or credit union: Consumers could choose one or more institutions based on referrals from colleagues, previous banking experience, location, or just on a whim!

Cybersecurity 40

Cybersecurity Credit and Collections Credit Unions Transactions 40

Abrigo

OCTOBER 25, 2024

Helpful info for Cybersecurity Awareness Month Helping financial institutions mitigate AI-enhanced cybersecurity risks is the focus of a recent letter from the N.Y. This dual-edged nature of AI necessitates a comprehensive approach to cybersecurity. Department of Financial Services. Staying on top of fraud is a full-time job.

Cybersecurity 88

Cybersecurity Credit Unions Credit and Collections 88

Gaviti

FEBRUARY 6, 2023

As accounting processes continue to evolve, it’s becoming increasingly clear that harnessing the power of technology can help businesses streamline their operations and make more informed decisions. Below, we’re reviewing some of the top accounts receivable challenges in 2023 and offering quick ways to shore up your collections process.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

SAP Credit Management

AUGUST 4, 2023

This is a standard procedure in BTP that is documented here: Establish Trust and Federation Between UAA and Identity Authentication Go to the Role Collections view, select the agent user role template and, the “AgentUserIdp” role, add the “agent_group” attribute. I go to BTP and trust my organization’s IDP.

Cybersecurity 145

Cybersecurity 145

Due

AUGUST 31, 2023

While Spreadsheets aren’t viable anymore with tons of data flowing in, finance professionals can seamlessly manage information through data visualization. With data visualization, you can gain real-time insights into different financial aspects to make informed decisions. What is Financial Data Visualization?

Dashboards 59

Dashboards Credit and Collections Cybersecurity Insurance Companies 59

Credibly

MAY 28, 2024

Source: LinkedIn Typically, direct lenders are also more specific with credit scoring and other stipulations. Financers will adapt AI algorithms to analyze large data sets, such as a borrower’s financial information. AI integration will become increasingly used for more accurate and efficient credit risk assessments.

Credit Scoring 40

Credit Scoring Credit and Collections Cybersecurity Small Businesses 40

Due

JULY 27, 2023

They also help individuals build credit responsibly. The SaaS platform does away with traditional information boundaries. They have developed some innovative products to make credit affordable for their clients. Bittrex Three cybersecurity engineers founded Bittrex in 2014 to leverage the blockchain industry through innovation.

Cybersecurity 52

Cybersecurity Credit and Collections Transactions Debt Collections 52

Abrigo

AUGUST 18, 2020

Look at the customer due diligence ( CDD ) information or run a credit check to look for loan stacking , and make sure the number of employees makes sense for their payroll. Lending & Credit Risk. Financial Cybersecurity. Asset/Liability. C&I Loans. Loan Origination System. Member Business Lending. SBA Lending.

Cybersecurity 78

Cybersecurity Credit and Collections Transactions Credit Risk 78

Biz2X

MARCH 31, 2023

Because of this, many private depositors and owners of small businesses across the country are making withdrawals and moving their money to new deposit accounts at banks and credit unions they feel are better managed and more secure than the ones they’re currently doing business with.

Brokerages 52

Brokerages Credit and Collections Cybersecurity Credit Unions 52

Abrigo

AUGUST 18, 2020

Look at the customer due diligence ( CDD ) information or run a credit check to look for loan stacking , and make sure the number of employees makes sense for their payroll. Financial Cybersecurity. Despite the speed and urgency of the loans, financial institutions were not exempt from normal BSA requirements. Card Fraud.

Cybersecurity 78

Cybersecurity Credit and Collections Transactions Small Businesses 78

Regal Credit Management

NOVEMBER 21, 2022

A week ago another major credit bureau was hacked — TransUnion LLC reported a data breach with the Massachusetts Attorney General after information in the company’s possession was subject to unauthorized access. If you’ve already got your clients or yourself on Regal’s Credit Block , relax and don’t worry about any of these breaches.

Credit and Collections 52

Credit and Collections Cybersecurity Credit Management 52

Abrigo

MARCH 4, 2022

Takeaway 1 Synthetic identity fraud is a growing form of identity theft in which an individual is impersonated by using stolen information. billion by 2023, synthetic identity fraud impacts customers' experiences and creates costs tied to collections. Piggybacking is a method of using an individual's credit for gain.

Credit Unions 78

Credit Unions Credit and Collections Transactions Cybersecurity 78

Fundera

JULY 21, 2018

If you’ve ever had a credit card stolen—or owned a credit card, for that matter—you’re likely familiar with consumer fraud. But unlike this type of fraud, which involves the loss of strictly personal information, business identity theft is typically larger-scale and can trickle down to affect employees and clients alike.

Credit and Collections 72

Credit and Collections Small Businesses Cybersecurity Credit Scoring 72

Fundera

DECEMBER 29, 2018

Whether you’re collecting contact information from customers or storing payment and banking data for billing purposes, it’s highly likely that your business will at some point collect sensitive personal and banking data from your clients. Not Reviewing Your Policies for Potential Misrepresentations.

Credit and Collections 40

Credit and Collections Cybersecurity Transactions Small Businesses 40

Due

JANUARY 18, 2024

Understanding Document Automation Document automation or document assembly employs digital systems to create, collect, store, manipulate, and relay document data. It aids in tasks like extracting critical information from documents (e.g., It is vital in a world where speed, efficiency, and accuracy are crucial to success.

Credit and Collections 52

Credit and Collections Cybersecurity 52