Skip to main content

Banking cybersecurity is a top internal challenge, a recent survey shows, and for good reason. Risks are prevalent and far-reaching, but defending against cybercriminals starts with safeguarding the bank or credit union itself and extends beyond using fraud detection software. Understand the threats, their nature, and recommended actions to bolster cybersecurity and safeguard the financial institution and its customers or members.

Download this whitepaper to learn: 

Check out other banking cybersecurity resources:

Banks and credit unions still working on CECL implementation can learn from the experiences of financial institutions that have already adopted the accounting standard and from peers still in the process. To that end, Abrigo in mid-2022 surveyed financial institutions to assess their progress with CECL implementation. It is the fourth such survey since 2017 by Abrigo, which has worked with hundreds of financial institutions on CECL implementation.

Download the 2022 CECL Survey to learn:

Check out other top CECL resources:

Environmental crimes, including wildlife trafficking, continue to increase among money launderers and terrorist organizations. Illegal wildlife trafficking involves the illegal trade, smuggling, poaching, capture, or collection of endangered species, protected wildlife, derivatives, or products thereof. Wildlife trafficking fuels corruption and threatens biodiversity and can have a significant negative impact on public health and the economy. Understanding the following red flags can help your financial institution detect this type of crime during AML investigations.

Download this checklist to learn:

Mergers and acquisitions have been top of mind for many financial institutions. There are numerous benefits when these consolidations go smoothly, including enhanced market power, more room for expansion, diversified customer base, and more. In this whitepaper, hear from industry insiders as they share best practices for financial institutions considering M&A.

Download to learn:

Anti-money laundering (AML) and fraud functions have historically been siloed into separate departments within financial institutions’ risk management structures. While the functions have many similarities, each team’s suspicious activity monitoring roles differ considerably and require unique analytical skillsets. As a result, AML and fraud departments have rarely collaborated on suspicious or fraudulent activity until recently. However, the recent increase in fraud, much of which is COVID-19 related, has led many institutions to consider the benefits of combining AML and fraud functions for improved investigative results. Over two-thirds of survey respondents in Abrigo’s 2021 FinCrime Industry Survey said that their BSA department also covers fraud.

Learn how AML and fraud can work together more closely to protect the institution from regulatory and reputational risks and hard dollar losses – whether the AML and fraud teams consolidate or remain separate. Understand the logistics of integrating AML and fraud departments, including the impact on procedures, processes, and threshold settings.

Download this whitepaper to learn:

Consolidating AML and fraud departments or boosting collaboration between the two can solidify your risk management program.

Looking for assistance enhancing your BSA/AML program? Learn how Abrigo’s experienced AML Advisory Team can identify your BSA/AML risk and evaluate the effectiveness of the controls in place.

Read more about assessing BSA/AML risks with this BSA/AML Risk Assessment checklist

Every financial institution has a defined set of goals focused around earnings, growth, capital, or a mix of things. To reach these goals, it is crucial to put together a thought-out and achievable plan that matches the talents of the institution. This whitepaper outlines regulatory capital and risk-based capital standards, as well as how capital planning and management can impact a financial institution’s ability to meet its goals.

Download to learn:

This resource is part of the series: ALM 101: Introduction to asset/liability management.

Financial institutions face various challenges, from the macro-economic environment to institution-specific issues related to meeting their goals and fighting financial crime. Nearly 70 experts in lending, credit, portfolio risk, financial crime, investing, and technology recently shared their views on what’s to come for the remainder of this year and how bankers can best pivot to serve their customers or members, their communities, and their shareholders.

Download to learn:

 

Other resources from Abrigo:

Interested in funding topics? Check out this webinar on Deposit strategies for the 2022 funding challenge

M&A is still a hot topic. Learn about implications for BSA/AML teams in this whitepaper.

As digital currency becomes more mainstream, financial institutions worldwide are increasingly embracing cryptocurrency blockchain technology. Cryptocurrency’s exponential growth and rising prominence make a baseline understanding of the technology behind these coins a must in the finance industry. But unless you were an early adopter of cryptocurrencies like Bitcoin and Ethereum, the history, terms, and concepts involved in the trade of these coins can feel overwhelming.

Download this whitepaper to learn:

Watch our on-demand webinar, Crypto in financial Institutions – How to detect suspicious activity within your investigation

Since issuing the accounting standards update for the current expected credit loss (CECL) model in 2016, the Financial Accounting Standards Board (FASB) has continued to respond to feedback. In its latest response, the board recently issued updated accounting guidance that eliminates the troubled debt restructuring (TDR) designation for CECL. It also added enhanced disclosure requirements for public business entities related to gross charge offs.

Download to learn:

In a recent American Bankers Association webinar, two Abrigo clients shared their implementation strategies and advice for financial institutions who have yet to adopt the current expected credit loss (CECL) standard. The two banks vary in asset size, which in turn affects how they approached the transition to CECL and their implementation strategy for the 2023 deadline. This whitepaper reports the best practices and CECL transition guidance shared by the two bankers during the ABA panel webinar.

Download to learn:

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!

Looking for MainStreet Technologies? You are in the Right Place!

MainStreet Technologies is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the contact us button here, or the link in the top navigation, to reach product support for your MST products.

Make yourself at home!

Looking for Sageworks? You are in the Right Place!

Sageworks is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Sageworks products.

Make yourself at home!

Looking for Farin? You are in the Right Place!

Farin is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Farin client portal.

Make yourself at home!

Abrigo acquires construction loan management solutions

Coupled with our lending suite, Construct and +Pay from BankLabs enable end-to-end automated residential/commercial construction loans.

Read the press announcement

BankLabs Logo Abrigo Logo