TOPIC: New

Free Webinar | Fraud in a Changing Environment – Data & Best Practices to Guide Your Institution | 1.25 CAFP credits

Wednesday, August 19, 2020
2:00 PM ET / 1:00 PM CT
Register here

As the COVID-19 pandemic continues to have sweeping economic impacts across the United States, new fraud schemes and trends are affecting financial institutions and their communities. Armed with big data from COVID-19 fraud and historic trends from recent recessions, Jordan Bothwell from Advanced Fraud Solutions will dive into what financial crime fighters can expect over the coming year and how to prepare for emerging fraud trends.

Join this session to learn:
  • Data surrounding fraud trends from previous months 
  • What the coming month will likely hold
  • How to best prepare your institution for emerging fraud 
Register now 

    Abrigo's BSA Demo - BAM+ in Action Empowering your institution with a more powerful tool

    Tuesday, July 28 | 3 p.m. ET
    Register here

    Through customer feedback, decades of industry knowledge and experience, and new state of the art features, we've taken everything that was great about BAM+, updated it, and added even more functionality to help you catch bad actors. We have overhauled BAM+, our comprehensive BSA/AML automation and compliance system, over the last six months and want to share the updates with you. 

    During this demo, we'll walk you through the updated product and demonstrate the improvements we've made to BAM+. You can register here to see all of the enhancements we've made in action and learn how Abrigo will work to keep your institution and customers/members safe from financial crimes.

    Register for the upcoming BAM+ demo

      How to Manage Credit Risk in a Recession: A Series Examining Best Practices | Webinar Series

      Credit risk management is a cornerstone of community banking. How can your financial institution grow while also effectively managing the risk in the portfolio? Many bankers are asking this question right now, given that this could be their first recession in banking or because this recession is so different than previous ones due to the COVID-19 pandemic.

      In this 4-part webinar series, join credit risk experts as they walk through best practices for operating in this unique credit environment.

      Session topics are: 
      • Part 1: Credit Memo (7/22) 
        • How does an economic downturn alter the credit memo’s content and process?
        • What are the right questions to ask and how can those answers be factored into future recommendations?
      • Part 2: Loan Grading (7/29)
        • How should institutions tweak loan grading in the face of a recession?
        • How should specific sectors be treated?
      • Part 3: SBA 7(a) Lending (8/5)
        • How can this program be used to hedge credit risk?
        • What would an institution need in order to get going?
      • Part 4: Loan Pricing (8/12)
        • Should pricing vary by loan type?
        • How should strategies change during a recession?

      Register for the series. 

        BSA Market Update – 5 Things You Need to Know in COVID-19 | Webinar

        Thursday, July 23, 2020
        2:00 PM ET / 1:00 PM CT
        Register now

        In a rapidly changing financial environment, BSA professionals are facing new challenges and obstacles daily with little guidance on how to handle them. Join us for a free webinar featuring a panel of fraud experts and BSA/AML professionals to talk about how financial institutions are handling the challenges associated with COVID-19, the Paycheck Protection Program, and ongoing economic downturn.

        Join this session to learn:
        • How financial institutions across the country are handling the economic crisis
        • Adaptations to adjust to banking in a COVID-19 world
        • Expert opinions on the rest of 2020 and what it means for financial crime professionals
        • How to keep your community safe throughout uncertainty
        Save your seat!

          FinCEN released long-awaited guidance for banking hemp-related businesses

          FinCEN released their much anticipated guidance around providing banking services to hemp-related businesses. This new guidance encourages financial institutions to provide banking services to hemp-related businesses and outlines BSA/AML expectations around customer due diligence (CDD) and suspicious activity reporting. This new guidance is the first to enhance the December 3, 2019 interagency statement on providing financial services to customers engaged in hemp-related businesses. 

          Read the full blog that breaks down the new guidance here. 

            Virtual Conference | ThinkBIG: Manage Risk. Drive Growth. | Sept. 22 - 23

            Registration is now open for our annual conference ThinkBIG: Manage Risk. Drive Growth. As we keep public health in mind, we've switched to a fully virtual format this year, bringing together industry thought leaders and experts, financial institution peers, CPAs, auditors, and regulators for two days of compelling educational content and networking.

            This conference will cover a variety of topics in CECL and portfolio risk, lending and credit risk, and ALM. Register today for the industry-leading conference that brings together over two decades of knowledge and experience (combining the former Sageworks Summit and MST National CECL Conference).

            Register now
            Sept. 22 - 23 

              OFAC Sanctions Webinar | Earn 1 CFCS and 1.25 CRCM and CAFP credits

              Tuesday, June 23, 2020
              2:00 PM ET / 1:00 PM CT
              Register today

              OFAC is targeting the most prolific economic sectors within nations of interest with a “maximum pressure” strategy to identify and starve out bad actors. This webinar highlights the strategy in addressing current geopolitical challenges, providing an update on the ever-evolving sanctions regimes imposed against Iran, Russia, Cuba, North Korea, and Venezuela and what that means for your institution. The session will also discuss the Framework of OFAC Compliance Commitments released in 2019, current case studies, and enforcement actions, and best practices.

              Join this session to learn:
              • The latest OFAC updates
              • How our changing world impacts regulations
              • Best practices for maintaining OFAC compliance
              • How these sanctions impact your financial institution
              Save your seat

                OFAC Sanctions and Corruption Webinar | Earn 1.25 CRCM and CAFP hours

                Tuesday, June 23 | 2 p.m. ET/ 1 p.m. CT
                Save your seat!

                OFAC is targeting the most prolific economic sectors within nations of interest with a “maximum pressure” strategy to identify and starve out bad actors. This session will highlight the strategy in addressing current geopolitical challenges, providing an update on the ever-evolving sanctions regimes imposed against Iran, Russia, Cuba, North Korea, and Venezuela and what that means for your institution. The session will also discuss the Framework of OFAC Compliance Commitments released in 2019, current case studies, and enforcement actions, and best practices.

                Join this session to learn:
                • The latest OFAC updates
                • How our changing world impacts regulations
                • Best practices for maintaining OFAC compliance
                • How these sanctions impact your institution 
                Register here

                  World Elder Abuse Awareness Day (WEAAD) | Elder Financial Exploitation Resources

                  In honor of World Elder Abuse Awareness Day (WEAAD) on Monday, June 15, I wanted to share some resources Abrigo has available for detecting and preventing elder financial exploitation, including some red flags to pay attention to. You can access all of our blogs related to Elder Financial Exploitation here.

                  I've also attached our white paper detailing how financial institutions can limit life-changing losses related to elder financial exploitation. 

                  As always, if there is something else you need that you don't see there, please don't hesitate to reach out directly at jill.cacic@abrigo.com. 

                  Thanks! 

                    Abrigo Assurance Plan Helps Optimize BSA/AML and Fraud Software

                    We just announced the launch of the Abrigo Assurance Plan, a service plan to help community financial institutions focus on optimizing their BSA/AML and fraud software application performance.

                    The Abrigo Assurance Plan takes a proactive approach to product maintenance to ensure its clients’ anti-money laundering (AML) and fraud monitoring applications, BAM+ and BAM+ Fraud, perform at optimal levels. This innovative plan was created to meet the growing need for better support of remote work and the adoption of digital channels in the financial industry as a result of the coronavirus pandemic. Abrigo Assurance Plan includes:
                    • An annual efficiency review to ensure institutions are monitoring for the threats that most impact their institution
                    • An annual feed check-up and standard data purge to verify quality data is entering into their systems
                    • On-demand scenario reruns to increase data integrity
                    • A secure sandbox testing environment and annual sandbox refreshes that provide a secure place to test new product features and functionality before implementing them to limit disruptions
                    • Annual server sizing and SQL maintenance to verify that an institution’s server size is adjusted to accommodate growth
                    We know the investment you are making when choosing a software provider and we are dedicated to ensuring you get the best ROI with Abrigo.

                    To learn more about Abrigo Assurance, visit our website or email me directly jill.cacic@abrigo.com. 

                      Paycheck Protection Program Forgiveness and Administration | Product Demo

                      Wednesday, June 2 | 1 p.m. ET/ 12 p.m. CT
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                      The forgiveness process for Paycheck Protection Program loans has been a major point of confusion for many banks and credit unions. Join us for a product demonstration to learn how our Paycheck Protection Program Forgiveness and Administration solution can help automate the process.

                      Register here

                        Free Webinar | Qualitative Adjustment In Times of Crisis and Stress (Testing)

                        Wednesday, June 3, 2020
                        3:00 PM ET / 2:00 PM CT
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                        Join us for this free webinar as we discuss our approach to establishing qualitative adjustments as the 6.30.2020 statement date approaches and the full impacts of the pandemic and energy crises are not yet specifically knowable.  By constructing straightforward credit models using available internal and public data, we can perform an estimate to substantiate 6.30.2020 qualitative adjustments (and beyond). Additionally, those same models can be used to perform a top-down stress testing estimate under a variety of forecasting scenarios. Those models can also be used to inform estimates under the CECL standard so that an institution is prepared to adopt without significant additional effort. **Please note this webinar is intended for public and private institutions that have not yet adopted the forward-looking CECL standard.**

                          PPP Forgiveness Timeline: What Lenders Need to Know

                          Lenders who worked excessive hours to help small businesses access Paycheck Protection Program (PPP) loans are now scrambling to incorporate the new SBA Form 3508 PPP Loan Forgiveness Application into their processes. The PPP forgiveness process is a major concern among community financial institutions. But there’s a major difference between the PPP forgiveness and administration phase and the PPP origination process: Lenders shouldn’t face the same compressed timeframe they did when they raced to access finite funding – especially in round one of the PPP.

                          Read the full blog to get the latest information on the forgiveness timeline: https://www.abrigo.com/blog/2020/05/21/ppp-forgiveness-timeline-lenders/

                            Loan Workouts | Product Demo

                            Loan Workouts Product Demonstration - Thursday, May 21 | 3 p.m. ET
                            Save your seat

                            In our recent industry survey, over 70% of respondents mentioned COVID-19-related loan workouts were a concern. 

                            Lenders in many markets will face a wave of negotiations and restructures as they seek to stabilize those borrowers who can recover from the events of early 2020, and protect the lenders’ interests in cases where no recovery is likely.  Join this conversation with product experts and implementation consultants at Abrigo to see how the tools you already have in place can make this process more efficient.  In this sixty minute webinar, we will discuss how the Abrigo software offerings address the following important considerations:
                            • Establishing and applying consistent criteria for decision-making
                            • Triage and prioritization for stabilizing troubled customers
                            • Present-value modeling for terms of restructured agreements
                            • Efficient communication for (likely understaffed) special assets teams
                            • Integrated processes for secure, distributed decision-making
                            Register here 

                              PPP Loan Forgiveness | Webinar

                              Free webinar
                              Solving the PPP Forgiveness and Administration Enigma
                              Friday, May 8 | 3 p.m. ET
                              Register

                              You've secured funds for small business borrowers through the Paycheck Protection Program (PPP), but the work is far from over once loans are issued. It’s time to consider the loan forgiveness process – one of the most important aspects of the program to both borrowers and lenders. It’s also one of the biggest areas of uncertainty.
                              In this session hear what lenders have learned so far about the forgiveness process, based on the CARES Act, interim final rules published by the SBA, and other guidance published on the SBA and Treasury websites.

                              Join to learn:
                              • What the guidance says so far about the forgiveness of Paycheck Protection Program loans
                              • How to streamline the SBA forgiveness process with the Sageworks SBA Lending solution
                              Click here to register