Financial Services General
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Data-Driven Success: Enhancing ROI in Digital Marketing
Learning new approaches to marketing while leveraging banking data is proving to be effective in today’s ecosystem.
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Making Headlines – Credit Trends and Risk Management Take Center Stage
As credit stresses grow and borrowers face cash flow stress, lower income, and higher costs, financial institutions should consider adjusting their strategies for underwriting, managing, and monitoring credit risk.
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What do you call your BSA Program? Moving from BSA to AML/CFT
Many examiners now use the term Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) instead of “BSA/AML” to reference this collection of laws and regulations, to align with the AML Act.
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Accounting Considerations for Visa Class B Conversions
This blog was authored by my colleague Scott Klitsch, the managing principal of the financial services quality group. Update as of April 16, 2024: Visa has formally issued their Prospectus on April 8, 2024. Holders of Visa Class B-1 shares have until 11:59 pm New York City time on May 3, 2024, to tender their […]
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Revisiting Loan Portfolio Management Fundamentals
This blog was authored by my colleague Erica Crain, a principal within our financial services group. As the economic environment shifts with increased interest rates and credit weakening projected while liquidity sources are highly scrutinized, it is important for financial institutions to revisit the significance of loan portfolio management fundamentals. Effective loan portfolio management involves […]
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The Relationship Between Turnover and Internal Control Weaknesses
This blog was authored by my colleague Folashade Abiola-Banjac, a principal within our financial services forensic group. Everywhere you turn you see headlines of fraud and misappropriation of assets happening at all levels of financial institutions. However, turnover and its relationship to internal control weaknesses is a challenge to understand. Internal controls only work if […]
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Impacts of the Initial Adoption of CECL
This blog was drafted by my colleague Tessa Brockie, a manager in our Financial Services Group. At the start of 2023, the vast majority of financial institutions adopted CECL. The impact of adoption varied for institutions based on asset size as well as the makeup of the loan portfolio. Although there are conclusions you can […]
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Valuation Considerations for Financial Institutions
This blog was authored by my colleague Gwendolyn Duda, a signing director in our valuations, forensics, litigation, and investigations (VFLI) group. In a time of competitive economic conditions, valuations of financial institutions are increasingly instrumental for supporting business strategy decisions. Financial institutions continue to face near-term headwinds with rising inflation, rising interest rates leading to […]
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Including Digital in Your Budget Process- Part 2 of 2
In Part 1 of this blog series, we focused on the importance of considering digital in your budget process by leveraging data to help identify organizational priorities. As we wrap up this series, we’ve provided foundational best practices to get you on the right path during the upcoming budget season. As a supplement to this […]
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Including Digital in Your Budget Process- Part 1 of 2
Just as the timeless holiday song says, it’s the most wonderful time of the year– budget season! Every year at this time, financial institutions are planning their budget for the upcoming year. If you are part of the budget approval team, not only do you need to make sure you work on your “maybe next year” […]