Sat.Jul 24, 2021 - Fri.Jul 30, 2021

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A Tale of Two Models: How the Pandemic Affected Allowance Levels Under CECL and Incurred Loss Models

Abrigo

How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began. Would you like other articles like this in your inbox? Takeaway 1 Allowance levels jumped in Q1 2020 for SEC filers due to the transition to CECL and the start of the pandemic, but FIs began releasing reserves in Q1 2021 as conditions improve

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Benefits of ACH with GoCardless & how to win customers over to it

GoCardless

Why use ACH payments and how can you encourage customers to make the switch?

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5 Reasons to Start CECL Implementation Now

Abrigo

Why it makes sense to adopt CECL immediately SEC filers and experts recommend starting CECL implementation ASAP to have the best opportunity for a smooth transition. You might also like this resource: CECL Prep Kit. DOWNLOAD. Takeaway 1 The 2023 deadline for CECL implementation is coming, and many SEC filers have said they would have started earlier. .

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New CECL Excel SCALE Tool from Federal Reserve

Abrigo

The Scaled CECL Allowance for Losses Estimator (SCALE) tool was unveiled This tool is allowed only for banks under $1 billion as they transition to CECL. . Would you like other articles like this in your inbox? Takeaway 1 The Fed's SCALE tool for calculating the allowance under CECL is an Excel spreadsheet-based option for banks under $1 billion that uses estimated loss rates from peers as a “starting point” in the calculation.

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Payment Receipt Definition and Examples

GoCardless

A receipt of payment is an important document for any business and its clients.

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What are the different types of SEPA payments?

GoCardless

The different types of SEPA payments and how they can help with European trade.

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Know Your Customer – What Does It Mean For Banks?

GoCardless

Know your customer policy ensures that the bank and its clients are protected

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What Is a Promissory Note?

GoCardless

What is a promissory note and who is it suitable for? Find out in our guide.

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How and why your business should be PCI compliant

GoCardless

Why PCI compliance is so important and how to make sure you're up to speed

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What Is Clearing and How Does it Work?

GoCardless

Find out how clearing works in settling funds from a financial transaction.

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What Is Income Protection?

GoCardless

Income protection insurance safeguards in the event of injury or illness.

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The 8 Types of Working Capital

GoCardless

Learn about the different types of working capital and how to manage it.

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Why Is Passive Income Important to a Business?

GoCardless

Learning how to make passive income can bolster your financial profile.

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Business Finance: The Basics

GoCardless

Everything you need to know to take control of your business finances.

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The Pros and Cons of Real-Time Payment

GoCardless

We discuss the good and the bad when it comes to real-time payments.

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Guide to Business Rates

GoCardless

Get the inside track on business rate relief with our helpful guide.

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Everything you need to know about sales revenue

GoCardless

Sales revenue is the quickest way to judge a business’ performance

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What is Margin Pressure and How to Reduce It

GoCardless

Find out what operational factors impact on margin pressure

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Net Worth: Understand Your Most Important Metric

GoCardless

Learn what net worth is and how it can affect your company.

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What Is Allocation in Accounting?

GoCardless

Get the lowdown on how cost allocation works, right here.

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Differences Between Bookkeeping and Accounting

GoCardless

Review your understanding of bookkeeping vs. accounting.

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ACH transfer vs. wire transfer: what’s the difference?

GoCardless

Understand your transfer options with ACH Transfer vs.

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The importance of good corporate governance

GoCardless

Why and how good corporate governance is necessary

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5 Tips to Sell Your Business

GoCardless

Read this advice to help you sell your business.

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How to track an ACH Transaction

GoCardless

Learn how to Track an ACH Transaction.

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FinCEN AML/CTF Priorities Part 5: Political Corruption

Abrigo

Political Corruption: A Greatly Needed FinCEN Priority Among FinCEN's first list of key priorities for AML/CFT policy is to thwart political corruption. Would you like others articles like this in your inbox? Takeaway 1 Political corruption continues to be a serious global threat, and is clearly becoming as much of a threat in the United States. Takeaway 2 The risk imposed by political corruption should be a concern to all institutions, regardless of size and geographic location.