Banking Exchange

NOVEMBER 22, 2021

OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.

System 159

System FDIC Risk Management Compliance 159

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

Technology 195

Technology Lending Community Software 195

Perficient

AUGUST 16, 2023

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer.

United States 221

United States Kansas FDIC Risk Management 221

BankInovation

JULY 30, 2021

In this episode of “The Buzz” […].

FDIC 98

FDIC Innovation Risk Management Management 98

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The core principles for directors have not changed materially since 1988, the FDIC said. Risk management culture What exactly is a risk management culture? Evaluating risk management.

Management 150

Management FDIC Risk Management Community Bank 150

CFPB Monitor

JULY 21, 2021

Last week, the OCC, Federal Reserve Board, and FDIC issued proposed guidance for banking organizations on managing risks associated with third-party relationships, including those with financial technology-focused entities such as bank/fintech sponsorship arrangements. On August 6, 2021 from 12:00 p.m. to 1:00 p.m.

Risk Management 78

Risk Management Management FDIC Financial Technology 78

CFPB Monitor

JUNE 8, 2023

The Federal Reserve, FDIC, and OCC have released final interagency guidance for their respective supervised banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements.

Risk Management 78

Risk Management Management FDIC Financial Technology 78

Abrigo

MARCH 18, 2025

Financial institutions are responsible for not only facilitating payments but also managing risksincluding fraud, compliance, and operational challenges. Consumer Financial Protection Bureau (CFPB) Regulates consumer payment protections under Reg E and related laws.

System 195

System Payments Fraud Regulation 195

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. Leverage technology to mitigate risk and gain efficiency. Learn More.

Lending 195

Lending How To FDIC Survey 195

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Ongoing monitoring. Termination.

Risk Management 78

Risk Management Management Compliance FDIC 78

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Technology is an obstacle and an opportunity. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Additionally, technology isn’t just reserved for the biggest banks anymore. Digitalization.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Many financial institutions implemented or upgraded technology to help them offer PPP loans during the pandemic. Looking to Increase SBA Loan Origination? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Many financial institutions implemented or upgraded technology to help them offer PPP loans during the pandemic. Looking to Increase Loans through the SBA? Would you like others articles like this in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Lending & Credit Risk.

Lending 195

Lending Fraud Community FDIC 195

South State Correspondent

DECEMBER 17, 2024

FDIC-reporting institutions to include banks and savings institutions. We feel that the community bank industry consolidation is not explained by scale, regulation, or access to technology or employees. Community Bank Consolidation As of Q3/24 there were approximately 4.5k The number of U.S.

Community Bank 195

Community Bank Community Tools Capital 195

Abrigo

FEBRUARY 8, 2024

Fraud schemes, evolving with technology, are more sophisticated and more complex to detect. Fraudsters have adjusted their tactics as technology has changed. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior.

Fraud 195

Fraud Resources social media Software 195

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. So far, episode topics include cover loan pricing in a rising-rate environment, cannabis-related banking , and technology implementation.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

Jack Henry

JULY 2, 2014

Today, a proper IT risk management infrastructure has a direct impact on the character and value of a financial institution which places an unprecedented value on key IT employees. As our economy strengthens, this concern for the future roles of CIOs, CTOs, CISOs, and Heads of Technology grows.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

CFPB Monitor

APRIL 1, 2021

In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML).

Risk Management 78

Risk Management Training Lending FDIC 78

Cisco

JULY 12, 2022

As a key provider of technology for mission-critical financial system infrastructures across the globe, Cisco is held to the highest levels of scrutiny in the financial services regulatory audit chain. A key challenge is managing iterations of infrastructure in global financial enterprises which have spanned 50+ years of digitization.

Regulation 71

Regulation FDIC System Software 71

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. Marketplace-driven digital-platform lenders are also structured so that credit risk is held by the investor funding the deal.

Community Bank 70

Community Bank Community Lending FDIC 70

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. FinTech customers have no idea they are exposing themselves to identity and financial risk. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Independent Banker

DECEMBER 13, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

Jeff For Banks

OCTOBER 29, 2016

But allowing branches to operate at losses takes resources away from areas that need immediate resources, such as technology acquisition and deployment. So they worry about other things that go beyond the fact that their branch in that market has little chance of being profitable. Idea : Develop objective analyses for entering markets.

Training 60

Training FDIC Community Resources 60

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

MAY 20, 2017

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. Risk mitigants tend to lag growth, especially fast growth. And success is the great mollifier to risk managers that wish to take away the punch bowl when the party's rockin'.

Lending 60

Lending Regulation Community Community Bank 60

Jeff For Banks

JUNE 2, 2023

According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S.

FDIC 60

FDIC Community Bank Regulation Lending 60

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Rowland; and EVP and chief technology officer Mike Beattie.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

FEBRUARY 24, 2016

As a four-time technology entrepreneur, Linkner has walked the innovation walk. As a New York Times bestselling author on business creativity and technology innovation, he’s now talking about the walk. So we want our checking accounts to be FDIC insured. We don’t want to have missteps in technology.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

CB Insights

JUNE 5, 2018

Going forward, US payments players have reason for concern, as consumers and merchants could be wooed by technology-first options with fewer middlemen. Virtually all US private sector wage earners receive wages into bank accounts, according to the Global Findex database, which are insured by the FDIC and offer an easy way to earn interest.

Payments 68

Payments Cards US Mobile 68

American Banker

AUGUST 8, 2016

Under pressure from regulators to beef up risk management in commercial real estate lending, banks are using new software tools to improve analysis.

Big Data 28

Big Data Risk Management Data Analysis 28

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. Both task forces held their first meetings in June.

Data 60

Data Lending Compliance Policies 60