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Valuant is now Abrigo, giving you a single source to Manage Risk and Drive Growth

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Looking for DiCOM? You are in the right place!

DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

Wire fraud is a growing concern for financial institutions and their clients, and lead to serious impacts. The FBI IC3 reported a 10% increase of wire fraud complaints, representing a 22% increase in losses from 2022-2023. This infographic provides financial crime fighters with valuable best practices to prevent wire fraud.

Download the infographic to learn: 

In today’s fast-paced world, consumers want to send and receive money at the click of a button. According to a 2020 Federal Reserve survey, three in four businesses and two in three consumers think that their bank or credit union should offer faster payments.

Financial institutions can meet this demand by building and offering instant payment services using the FedNow Service. Still, widespread adoption of the service has been slow as conscientious bankers carefully consider what it will take to implement FedNow at their institutions. But where to begin?

This infographic will guide you through initial steps to take on your path to preparing for instant payments, including:

Download this infographic to show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Take a look at our additional resources:

Blog: FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Whitepaper: Embracing FedNow: A guide for financial institutions

Fraud costs go beyond direct monetary losses alone. Fraud causes trickle-down impacts that affect your reputation, customers, and financial bottom line. 

Download this infographic to learn more about: 

The last few years have challenged the banking industry with continued economic uncertainty, increased digitalization demands from the coronavirus pandemic, and increases in fraud. According to data from the Federal Trade Commission, consumers lost more than $8.8 billion to fraud in 2022, $3 billion more than in 2021 and a 166% increase from 2020. The FTC received fraud reports from 2.4 million consumers last year, and the most commonly reported types of fraud were imposter scams, online shopping scams, sweepstake/lottery scams, investment fraud such as pig-butchering scams, and business and job opportunity scams. 

Now more than ever, it is important to make sure your bank or credit union is up to date on the latest trends, best practices, and ideas needed to ensure your institution is prepared to combat fraud.

Download this infographic for details on 5 examples of fraud typologies impacting your institution:

Compliance deadlines for the CFPB 1071 final rule are tiered, based on the number of covered credit transactions originated in each of 2022 and 2023. Knowing the 1071 rule deadline for your specific financial institution is the first step in preparing to collect and begin reporting small business loan data from applicants.

Use this timeline to learn:

Check out other job aids, articles, and related resources for complying with the 1071 rule:

 

Boost efficiency and draw income while managing risk in your construction loan portfolio.

Construction loans can be among the riskier loan types in the portfolio. The tedious and manual processes many financial institutions use only magnify this potential problem in the portfolio without proper management and monitoring.

Download the following infographic to see a comparison of construction loan management using a spreadsheet-based system and a software solution.

Check out other related resources:

 

Progress implementing CECL is mixed as the Q1 2023 compliance date nears for smaller SEC-reporting banks and private or not-for-profit institutions.

Here are major findings related to banks, based on Abrigo’s survey of executives, credit and allowance leaders, and other finance staff.

Download the infographic to learn:

Aggressive lending goals, greater customer expectations, and changing markets. Having the right lending and credit staff is critical for financial institutions this year and beyond.

Abrigo recently surveyed about 170 lending and credit risk professionals about staffing in their financial institutions. Download this infographic to learn the major findings.

Check out other resources:

Guide: Best practices for purchasing bank or credit union software

Whitepaper: 5 Big banking issues for 2022 and what they mean for financial institutions

 

Whether you are putting together a return on investment (ROI) calculation to support your purchase of software or looking for ways to streamline your construction loan administration process, it can be helpful to understand the benefits of automation in construction loan monitoring.

Download this infographic to learn about the 10 key ways construction loan management software can save you valuable time.

Check out other construction lending resources:

In the current environment, core deposit analysis is crucial for helping banks and credit unions remain competitive and profitable. Updated core deposit analytics provide the data for critical assumptions used in asset/liability models (ALM), and impact the overall risk management strategies at a financial institution. In this infographic, learn 6 key reasons to update an institution’s core deposit analysis.

Download to learn:

This resource is part of the series ALM 101: Introduction to Asset/Liability Management.