TOPIC: Fintech

Webinar | Synthetic Identity Fraud: Unreal Identities Result in Real Fraud Losses - Join us October 2

October 02 at 12:30 PM - 01:30 PM EST
Synthetic Identity Fraud: Unreal Identities Result in Real Fraud Losses

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In this digital age, vast amounts of compromised customer information from data breaches and fraud scams is readily available for purchase on the dark web. To further their illicit schemes, fraudsters can use your customers’ personal and financial information to create fictional or partially fabricated identities in an emerging trend known as synthetic identity fraud.

Join us as we discuss the challenges facing financial institutions when combatting synthetic identity fraud in various forms of financial crime, such as loan fraud, deposit fraud, electronic transfer fraud, and new account fraud.

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    CECL, Portfolio Risk, Credit and Lending Conference | ThinkBIG | September 24 - 26, Orlando, Florida

    There are only four days left until registration ends for the biggest CECL, portfolio risk, and lending and credit conference of the year - ThinkBIG!

    When: September 24-26
    Where: Loews Sapphire Falls Resort at Universal Orlando | Orlando, FL
    Who: Anyone involved in CECL/ALLL, portfolio risk, or credit and lending. Common titles include CFO, Controller, VP of Finance, Credit Analyst, CCO, CRO, Credit Admin and Loan Admin.

    Are you managing risk and driving growth at your financial institution? Do you need ideas to think bigger about portfolio risk, CECL, or lending and credit? The ThinkBIG Conference presented by Abrigo was created to give you the educational tools and concrete ideas to Manage Risk. Drive Growth.  

    Hear from FASB's Hal Schroeder, FINCURA's Max Blumenthal, Q6 Cyber's Eli Dominitz, economist Tom Cunningham, PhD, and a full roster of Abrigo's industry experts at this year's conference. 

    Be prepared to Think Bigger with insights and information critical to your lending strategies, mitigating credit risk, and the transition to and implementation of the new allowance accounting standard over the course of three days of compelling educational content and networking.  

    If you have responsibilities related to CECL and the ALLL at your institution, or if you want to know more about how CECL will impact your institution or you want to grow your loan portfolio quicker and more efficiently while driving profitability, this is the one conference this year you cannot afford to miss.

    Earn up to 14 CPEs! 
    Register today and save! 

      My takeaway from the California Mortgage Bankers Association's inaugural Mortgage Innovators Conference

      Attending the Mortgage Innovators Conference in San Diego this past week was a very interesting and an eye-opening experience. The conference, sponsored by the California Bankers Association, specifically gave insight on the latest efforts of leading Fintech companies in the mortgage industry to improve the process of making mortgage loans to their consumers. Expert speakers from these companies covered topics from using new software platforms to enhancements in technology that will move the industry into digital mortgages. The overall goal was how to streamline the business processes to reduce cost, increase efficiency, and create a better consumer experience. 

      One particular hot topic that was highlighted was the increased use and dependency of social media in communicating with their customers and to market the different lending programs to potential borrowers. The emphasis on cell phone friendly applications was key to implementing consumer engagement strategies, account maintenance, service innovations, and new platform designs. 

      The incorporation of HousingWire to gather leading companies to attend and exhibit at the conference was very valuable since they analyze the most innovative technology companies in the U.S. housing economy. Several companies such as SimpleNexus, Blend, and BeSmartee were among the FinTech companies breaking new ground on making strides to move the processing of loans to a new era. 

      Bringing together industry leaders, technology decision-makers, and vendors to explore, learn, exchange best-in-class ideas, technology, solutions, and solve real problems was a perfect opportunity for lenders across the country to network with attendees to discuss challenges and opportunities ahead.  

      What news or emerging tech from this conference are you most interested in?

        CBANC Network Announces New TRID Compliant Calculator

        CBANC Network is pleased to announce the integration of LodeStar's fee quoting service into our Lendwell platform. A long-time Lendwell partner, LodeStar helps lenders save time and money by automating the closing cost quoting process. Their TRID complaint quotes are 100% guaranteed for accuracy and include transfer taxes, recording fees, and title costs. Both first mortgages and home equity loans are supported. The new Fee Calculator is now available through your Lendwell platform. LodeStar's online demo can be accessed by clicking on: www.lodestarss.com/loan-estimator-features/demo/ For more information, contact Joe Walsh (jwalsh@cbancnetwork.com) at 512-583-4576.

          Free Webinar Thursday: Loan Grading - A to Z

          Thursday, August 15 - 2 p.m. EST/ 1 p.m. CST

          Can your financial institution survive the next economic downturn? The recent financial crisis demonstrated how unexpected economic downturns and rapid deterioration in market conditions can significantly harm a bank’s financial condition and economic viability.

          Join us for a free webinar to learn how to create a consistent and objective based risk scoring model that still allows for subjective adjustments. We will highlight the significance of leveraging a dual loan grading and underwriting system to monitor your loan portfolio. Our expert will provide practical advice on incorporating the 5 C’s into your loan grade and how to select an appropriate loan grading scale for your institution.

          You Will Learn:
          • Regulatory examiners expectations
          • Loan grading scales & dual loan grading systems
          • Financial statement analysis
          Save your seat!

            Educational Webinar | Leveraging Big Data and Collaborative Investigations for Fraud Prevention - Join us August 14

            Webinar
            Leveraging Big Data and Collaborative Investigations for Fraud Prevention
            August 14 at 12:30 PM - 01:30 PM EST


            Register Now

            Join us for this insightful session to learn how financial institutions can leverage big data, machine-learning technology and 314(b) information sharing for effective fraud prevention. This includes proactive trend identification, reduction in false positive results and collaborative investigations of multi-institutional crime-ring activity.

            Highlights of this webinar:
            • Limitations of conventional fraud prevention approaches that rely on limited data sets and approaches in today’s increasingly complex financial crime landscape
            • Big data intelligence approach for financial crime management that leverages machine-learning technology and information sharing to mitigate losses and prevent fraud
            • Walk-through of a real-life crime-ring case to learn how data and technology played a critical role to enhance detection, strengthen investigations and improve reporting to law enforcement
            Register Now

              Educational Webinar | Leveraging Big Data and Collaborative Investigations for Fraud Prevention - Join us August 14:

              Webinar
              August 14 at 12:30 PM - 01:30 PM EST
              Leveraging Big Data and Collaborative Investigations for Fraud Prevention

              Register Now

              Join us for this insightful session to learn how financial institutions can leverage big data, machine-learning technology and 314(b) information sharing for effective fraud prevention. This includes proactive trend identification, reduction in false positive results and collaborative investigations of multi-institutional crime-ring activity.

              Highlights of this webinar:
              • Limitations of conventional fraud prevention approaches that rely on limited data sets and approaches in today’s increasingly complex financial crime landscape
              • Big data intelligence approach for financial crime management that leverages machine-learning technology and information sharing to mitigate losses and prevent fraud
              • Walk-through of a real-life crime-ring case to learn how data and technology played a critical role to enhance detection, strengthen investigations and improve reporting to law enforcement
              Register Now

                Fintech & Financial Institutions: Friends, Not Foes

                Financial technology, or fintech, is one of the fastest-growing industries in the world, forever transforming the way consumers bank. Thanks to the explosion of apps and online solutions these tech firms have pioneered, consumers are demanding their banks keep pace by offering fast, personal, always-available solutions if they want to retain their business. To overcome these challenges, banks must embrace the growing trend of collaborating with fintechs—working together to create a synergy that neither entity can achieve on its own.

                  Free Webinar - Elder Financial Exploitation, the Hidden Crime | 1 CAMS credits, 1.25 CAFP, CFSSP, CRCM credits

                  Thursday, June 20 - 1 p.m. CST/2 p.m. EST

                  Elder financial exploitation is a growing concern in our communities, and the more the U.S. population ages the faster crimes against the elderly will grow. Financial institutions have a unique position to observe this early and stop the activity prior to a victim being left financially destitute. In fact, in most states financial institution employees are mandatory reporters of elder abuse. This session will help you identify elder financial abuse in your community and help stop it before it’s too late.

                  Join us for a free webinar to learn:
                  • How to spot the red flags of elder financial exploitation
                  • Best practices to train your front-line staff in identifying this crime
                  • When and how to properly file a SAR in an elder financial exploitation case
                  • Who to report in your state(s) and whether you’re a mandatory reporter
                  Presenters: Terri Luttrell, CAMS-Audit and Rachel Portnoy, Community Liaison for Adult Protective Services (APS)

                  Earn 1 CAMS credit and 1.25 CAFP, CFSSP, and CRCM credits. 

                  Register today! 

                    Fraud & BSA/AML Hot Topics | Complimentary Regional Seminars – Just 3 Stops Remaining

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                    The 2019 Verafin Tour is coming to an end! Don’t miss your opportunity to attend a complimentary seminar in a city near you at one of just 3 remaining Tour stops.

                    These accredited regional seminars feature insightful presentations that highlight emerging fraud and compliance trends, along with the latest technologies to fight financial crime. Join hundreds of your peers who have already heard our expert speakers dive into hot topics like Combatting Crime Rings, Fraud Trends & Technology, and Managing & Monitoring High-Risk Customers at this industry-wide event.

                    Attendees will receive 5 CAMS, 6.5 CAFP, 6.5 CRCM credits, or may be eligible to receive up to 5 Continuing Professional Education (CPE) credits towards industry accreditation programs, such as CFE and CFCS.

                    Register today to reserve your spot at a complimentary seminar location near you.

                    Register Now

                      [eBook] 4 Key Areas for Effective High-Risk Customer Management

                      How to Effectively Manage High-Risk Customers
                      Four Key Areas of Focus for your End-to-End CDD/EDD Process

                      Download the eBook now


                      The sheer number of high-risk customers that can be present at a financial institution makes ongoing assessment extremely challenging. Conventional approaches to high-risk customer management are largely manual, resulting in inefficient and ineffective processes.

                      This eBook offers valuable insights and best practices to better manage and mitigate risks associated with high-risk customers, and strengthen your overall BSA/AML program.

                      Download the eBook now

                        eBook | Suspicious Activity Reporting for Dummies®

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                        Suspicious Activity Reporting for Dummies® walks you through the process of filling out your SAR accurately and efficiently and offers tips on how to spot and track potential money laundering activities.

                        Look inside for helpful advice on how to make your AML workflow more efficient, save on costs, and streamline your institution’s monitoring and reporting processes with automated SAR e-filing.

                        Download Now

                          9 Banking Compliance Updates You Can't Afford to Miss!

                          Learn these 9 important changes to the compliance landscape that may impact your bank, credit union, or mortgage company. You can't afford to miss these banking compliance headlines! Read on to learn the details, and take the right steps to prepare: https://www.trupointpartners.com/blog/banking-compliance-updates-2019

                            [Webinar – 1 CAMS Credit] Employee Fraud: Understanding the reputational, financial and compliance risks. Join us April 17.

                            April 17 at 12:30 PM - 01:30 PM EST
                            Employee Fraud: Understanding the Threat from Within
                            1 CAMS CREDIT

                            Register now

                            Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

                            In this CAMS-accredited presentation, you will learn:
                            • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
                            • Review tactics internal bad actors use to commit fraud against financial institutions
                            • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
                            Register now