MountainSeed News

How Well Is Your Financial Institution Managing Risk in 2018?

By July 17, 2018 July 31st, 2019 No Comments
financial risk management

We’re only halfway through 2018, but a lot has happened in Q1 and Q2, especially when it comes to compliance. From overtime lawsuits to AI tech creeping into financial institutions, there have been significant shifts in the financial industry since January 1 and we want to make sure your financial institution is prepared for what’s up next.

When we discover that our clients are dealing with certain problems, we like to publish resources that not only address their specific concerns but also help their financial institutions toward better management skills overall. This year, we kept getting the same question: What liabilities do I need to be aware of in 2018? So we answered with a single resource that addresses the top concerns banks and credit unions will navigate this fiscal year.

In our 2018 financial risk management report, we outlined the top things your bank or credit union should be prepared to manage:

Risk 1: Breaking Compliance Guidelines

We’ve got the latest tactics to confront institutions who are worried about breaking the rules concerning the following regulations:

  • Appraisal Reviews
  • FLSA Overtime Regulations
  • ECOA Requirements

Risk 2: Using Old, Outdated Technology

Banks and credit unions may be behind the curve when it comes to technology, but there are significant ways that financial institutions are moving forward with targeted advancements, including:

  • AI in paperless systems, data collecting, and decision making
  • Fully digital loan processing

Risk 3: Falling Behind on Financial Risk Management and Trends

If you feel like your financial institution is falling behind on the latest financial news, we’ve got you covered. Within this ebook, you’ll get industry-specific resources for banks and credit unions, as well as your 2018 Q1 recap.

As one of the top appraisal management firms in the U.S., we pride ourselves on delivering expert materials to help your bank and credit union be better prepared for the financial environment ahead. Are you ready to find out how you can avoid taking on too much risk in 2018? We’ve pinpointed the problems where your financial attention should pay close attention — as well as actionable plans that target each risk — in our latest eBook. Download it today to navigate through this year’s uncertainties with absolute confidence.

 

financial risk management