South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Loan-level hedging has become an important tool that many community banks have started to adopt in 2024.

Community Bank 195

Community Bank FDIC Community National 195

Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

American Banker

MARCH 20, 2024

How the FDIC, the Federal Reserve and other regulators are working to keep banks in compliance through 2024.

FDIC 83

FDIC Compliance Regulation Risk Management 83

South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. This first bank failure in 2024 is reported to cost the Deposit Insurance Fund $667mm.

Risk Management 195

Risk Management Security Management Groups 195

Abrigo

OCTOBER 30, 2024

In addition, he noted, a recent consent order from the FDIC required an institution with assets below $1 billion to ‘establish satisfactory quality control procedures over the alert clearing and investigation process. Streamline case management processes. One of the largest areas for improvement in AML programs is case management.

Compliance 221

Compliance Training System Management 221

PopularBank

DECEMBER 11, 2023

Molly Hime, a long-time Division Manager for Popular Association Banking (PAB), a division of Popular Bank , has announced her retirement, effective December 31, 2023. Carlos Hernandez Named New PAB Division Manager. Effective January 1, 2024, Carlos Hernandez will be Division Manager for PAB. Billion in deposits. “We

Management 52

Management Florida Community Leadership 52

Fintech Labs Insights

JULY 24, 2024

If you are a parent thinking about your child’s financial future, here are 10 reasons why you should set up a separate account for your child before they hit high school at the latest (some accounts start at age 6): Teach financial responsibility : Separate accounts help children learn financial responsibility and money management from an early age.

CA 15

CA Atlanta Phoenix Philadelphia 15

South State Correspondent

NOVEMBER 14, 2024

Uninsured depositors, those with balances over the $250,000 FDIC threshold limit, are more likely to utilize instant payments and more likely to drain balances. In order to manage liquidity, banks, mainly publicly traded ones, should not only closely monitor these accounts but also take measures to limit account balance volatility.

Payments 195

Payments Study Survey Data 195

South State Correspondent

AUGUST 14, 2024

If managing loan pricing is a college-level course, deposit pricing is a master’s. Given the complexity, managing analyzed checking, however, is a PhD. We covered the basics of account analysis in Part 1 ( HERE ), and in this article, we highlight best practices for managing an analyzed transaction account. level effort.

How To 195

How To Analysis Management Training 195

Independent Banker

DECEMBER 31, 2022

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

FEBRUARY 8, 2024

Check fraud alone, the most significant current fraud threat, is projected to create losses of $24 billion in 2024. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. The Federal Trade Commission (FTC) reports that U.S.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

NOVEMBER 14, 2019

digital and physical goods that’s expected by 2024. According to an FDIC study , 6.5 In Germany, the company is starting to offer managed payments , which will present a “more relevant” selection of payment options at checkout. It’s easy to get caught up in the hype of new sharing economy platforms. “ percent of U.S.

Payments 124

Payments United States Online Google 124

Fintech Labs Insights

OCTOBER 28, 2024

Digital Banks: The New Wave Pros : Enhanced Digital Experience * More digital tools for conversing with customer service * Intuitive mobile and web interfaces * Real-time notifications and spending insights Quick Setup * Fast online application process * Digital identity verification * No need to visit physical branches * Rapid account approval (sometimes (..)

Conference 12

Conference Tools FDIC Digital Banking 12

Fintech Labs Insights

NOVEMBER 10, 2023

Check out our latest lists: Small Business (SMB) savings/treasury accounts (7) | SMB online lenders (33) | SMB challenger banks (15) | SMB insurers (15) | SMB charge cards/expense management (16) | Billpay & invoicing (16) | Payment processors (7) | Subscription processors (7) | SMB digital accounting/bookkeeping (21) The FAB Score (Fintech (..)

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15