Financial Services

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Change management – Always a necessity...

This post continues the feature from my colleague and guest blogger, Mark Sofietti, Associate Process Architect in Advisory Services at Baker Hill, a part...

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Consistent compliance-oriented, decisioning strategies...

Regardless of the specific checks and overall processes incorporated into your Red Flags Identity Theft Prevention Program, the use of an automated decisioning strategy...

Read More Consistent compliance-oriented, decisioning strategies can be a cost saver
Strategic execution for your loan portfolios...

We have talked about: the creation of the vision for our loan portfolios (current state versus future state) – e.g. the strategy for moving...

Read More Strategic execution for your loan portfolios
Developing and implementing an Identity Theft Preventi...

If the business is a creditor or a “financial institution” (defined as a depository institution) that offers covered accounts, you must develop a Program...

Read More Developing and implementing an Identity Theft Prevention Program
So, what are progressive organizations doing to react ...

They have started to shift away from time-based collections managementactivities (the 30-, 60-, 90-day bucket approach). Instead, the focus is migrating towards the development...

Read More So, what are progressive organizations doing to react to current collections industry trends?
How are Red Flags presented on the actual credit repor...

The credit reporting agencies will not identify Red Flags, as such, on a credit report. However, there may be certain information on a credit...

Read More How are Red Flags presented on the actual credit report?
Financial institution profits, credit risk and loan pr...

By: Tom Hannagan Part 6 Peer Group 2 fee income Non-interest income again, as a percent of average total assets, declined to .86 percent...

Read More Financial institution profits, credit risk and loan pricing for 2008
May 1 is a couple months away, but Nov. 1 still matter...

For all you folks who, like me, waited until the last minute to knock out a term paper or class project in school, here...

Read More May 1 is a couple months away, but Nov. 1 still matters.
Less is not always more....

Red Flags Rule I've heard more than one institution claim that they may limit and even reduce the identity elements (perhaps down to just...

Read More Less is not always more.
Defining risk management...

By: Prince Varma Hello. My name is Prince Varma and I’ve spent the better part of the last 16 years helping financial institutions (FI)...

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Bank profits, credit risk and loan pricing for 2008 &#...

By: Tom Hannagan Part 5 This continues the updated review of results from the Uniform Bank Performance Reports (UBPR), courtesy of the FDIC, for...

Read More Bank profits, credit risk and loan pricing for 2008 – part 5
Bank profits, credit risk and loan pricing for 2008 &#...

By: Tom Hannagan Part 4 Let’s dig a bit deeper into why Peer Group 1’s margins didn’t improve. We see two possible reasons: Total...

Read More Bank profits, credit risk and loan pricing for 2008 – part 4
Next generation collections systems...

Part 3 Reducing operational and overhead costs starts with the automation of tasks that would otherwise be performed by a human resource. By leveraging...

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Does the Identity Theft Red Flags Rule apply to me?...

Here are a few more frequently asked questions. 1.Am I a “creditor” under the rule? The term “creditor” has the same meaning as under...

Read More Does the Identity Theft Red Flags Rule apply to me?
Bank profits, credit risk and loan pricing for 2008 &#...

By: Tom Hannagan Part 3 I believe it is quite important to compare your bank or your investment plans in a financial institution to...

Read More Bank profits, credit risk and loan pricing for 2008 – part 3