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

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

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. The coronavirus pandemic has created a “new normal” for many industries, including the financial industry. BSA Rules and Regulation.

Cybersecurity 78

Cybersecurity Credit and Collections Transactions Small Businesses 78

Abrigo

MARCH 4, 2022

billion by 2023, synthetic identity fraud impacts customers' experiences and creates costs tied to collections. The intent of creating the synthetic identity can vary greatly, from creating a credit profile to human trafficking. Piggybacking is a method of using an individual's credit for gain. Synthetic ID Fraud.

Credit Unions 78

Credit Unions Credit and Collections Transactions Cybersecurity 78

Abrigo

FEBRUARY 25, 2022

You might also like this webinar on BSA/AML regulatory hot topics. 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. Anti-Money Laundering Act (AMLA) of 2020 ?is

Credit Unions 78

Credit Unions Credit and Collections Cybersecurity 78

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

Due

JANUARY 18, 2024

Understanding Document Automation Document automation or document assembly employs digital systems to create, collect, store, manipulate, and relay document data. Collectively, these technologies improve the efficiency and accuracy of automated document processing. Here are examples of AI-driven document automation tools.

Credit and Collections 52

Credit and Collections Cybersecurity 52

Abrigo

MAY 8, 2024

How banks and credit unions use genAI today Short supporting copy. You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Credit unions are jumping in too. Banks and credit unions want to serve their clients better and improve their services and products.

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88

Abrigo

APRIL 8, 2020

Alternatively, if available, entities may rely on the [customer identification program] of a federally insured depository institution or federally insured credit union with an established CIP as part of its AML program. Consumers and small businesses have long relied on community banks and credit unions and now is no different.

Credit Unions 78

Credit Unions Credit and Collections Cybersecurity Small Businesses 78

RMAi Blog

MARCH 14, 2023

This is a very expansive definition which would include medical debt charged on a credit card, including a bottle of Tylenol purchased from a grocery store. RMAI is strongly opposed to this bill and is working with our Colorado lobbyist and other industry trade associations to get an exemption for credit card debt.

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130