Perficient

JANUARY 25, 2023

As the use of technology continues to increase, it should not get more difficult to use. While institutions want to increase their technology play, they are weary of overcomplicating operations. They want applications to be able to grow and progress alongside their growth and progression. User experience.

Banking Trends 474

Banking Trends Trends United States FDIC 474

ABA Community Banking

NOVEMBER 12, 2024

households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households, which also explored bank account access trends and cryptocurrency adoption. The post FDIC: Percentage of unbanked households dropped slightly in 2023 appeared first on ABA Banking Journal. Roughly 4.2%

FDIC 52

FDIC Survey cryptocurrency National 52

PYMNTS

APRIL 11, 2016

In an internal FDIC document obtained by The Washington Post , it was revealed that the data of 44,000 FDIC customers was breached by an employee who left the agency in February. The memo was distributed on March 18 by FDIC Chief Information Officer and Chief Privacy Officer Lawrence Gross Jr. The Federal Deposit Insurance Corp.

FDIC 100

FDIC Data Washington Security 100

PYMNTS

MAY 26, 2016

House lawmakers aren’t letting up on the Federal Deposit Insurance Corporation (FDIC) when it comes to how the banking regulator handled notifications following a slew of recent data breaches. In a joint letter to FDIC Chairman Martin Gruenberg, seen by WSJ , Rep. Lamar Smith (R-TX) and Rep. Earlier this month, a U.S.

FDIC 102

FDIC Data Policies Meeting 102

BankInovation

JULY 30, 2021

In this episode of “The Buzz” […].

FDIC 98

FDIC Innovation Risk Management Management 98

CFPB Monitor

APRIL 4, 2019

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts.

FDIC 68

FDIC Technology Guidelines Security 68

Abrigo

OCTOBER 30, 2024

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. See tailored AML/CFT solutions that can improve your compliance.

Compliance 221

Compliance Training System Management 221

PYMNTS

MAY 28, 2020

Welcome Technologies , which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. Less than half of U.S.

Mobile 248

Mobile US FDIC Survey 248

CFPB Monitor

MAY 19, 2021

The Federal Deposit Insurance Corporation (FDIC) recently issued a notice of proposed rulemaking (NPR) and request for information (RFI) addressing “False Advertising, Misrepresentation of Insured Status and Misuse of the FDIC’s Name or Logo”.

FDIC 88

FDIC Regulation Fintech Examples 88

American Banker

JULY 20, 2020

The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things.

FDIC 90

FDIC Fintech Technology Community Bank 90

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

Abrigo

FEBRUARY 12, 2025

Reduce approval layers According to the FDIC, 73% of banks have at least three levels of approval for small business loans. Leverage automation: smarter loan decisioning through technology The key to faster, more efficient loan decisioning is automation. Simplify underwriting criteria and eliminate unnecessary documentation.

Lending 195

Lending Risk Management Community Fintech 195

Gonzobanker

OCTOBER 31, 2024

The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. No matter how great the technology, an institution can outgrow its solution, and the board needs to be made aware if this possibility is in danger of becoming a reality.

Risk Management 140

Risk Management Management FDIC Software 140

CFPB Monitor

JANUARY 25, 2021

Unless Rakuten’s most recent application is granted before that date, Rakuten’s FDIC insurance application, if approved by the FDIC, would subject Rakuten to the terms of the Rule. Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020.

FDIC 78

FDIC Utah America Financial Technology 78

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

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

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Personalization of Customer Services. Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

ABA Community Banking

SEPTEMBER 24, 2021

Community banks that invested more in technology before COVID-19 made more loans and took in more deposits during the pandemic than did community banks that invested less in technology, according to a new FDIC report.

Community Bank 84

Community Bank Community Technology FDIC 84

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 regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

Management 150

Management FDIC Risk Management Community Bank 150

American Banker

JUNE 28, 2024

The company says the FDIC's "pause letters" to banks and denial of Freedom of Information Act requests are illegal.

FDIC 78

FDIC Company Bitcoin cryptocurrency 78

CFPB Monitor

APRIL 22, 2019

The FDIC describes the catalyst for the event as the belief that “at the intersection of research and experience lies good public policy.”. The conference features a brief introduction with Treasury Secretary Steven Mnuchin and FDIC Chairman Jelena McWilliams.

FDIC 68

FDIC Conference Arlington Fintech 68

Banking Exchange

APRIL 12, 2021

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud BSA/AML Security Feature3 Feature Duties Technology.

FDIC 135

FDIC Regulation Compliance Fraud 135

Jack Henry

DECEMBER 9, 2021

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

Strategy 148

Strategy Digital Strategies FDIC Community Bank 148

PYMNTS

SEPTEMBER 21, 2020

Much of those revamped efforts come, perhaps not surprisingly, through advanced technologies. It's the combination of these technologies that becomes powerful.". But AI is still relatively rare in the banking world: Only 5.5

Fraud 347

Fraud Report System FDIC 347

Jeff For Banks

OCTOBER 4, 2014

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. bank extinction BBVA Charles Schwab disruptive technology financial times ING Direct John Authers Quicken Loans Vang' Was Vanguard a disruptor? The branch is king, and if you don''t have one in a market, you will not succeed there.

Technology 104

Technology Cyber Security FDIC Strategy 104

CFPB Monitor

MAY 19, 2022

It also states that representations made by covered persons or service providers about FDIC insurance will typically be material. . As noted above, the CFPB linked its issuance of the Circular to the FDIC’s issuance of a final rule on misuse of the FDIC’s name or logo or misrepresentations about deposit insurance coverage.

FDIC 78

FDIC Exercises System Regulation 78

Abrigo

MARCH 18, 2025

Real-time and emerging payment systems As consumer expectations shift toward instant transactions, new payment technologies are gaining traction: FedNow and The Clearing Houses Real-Time Payments (RTP) Network These systems allow banks and credit unions to send and receive instant payments 24/7.

System 195

System Payments Fraud Regulation 195

PYMNTS

MAY 15, 2019

In other news, Samsung is planning to launch its blockchain technology onto its budget smartphone. “We FDIC) — the FDIC-insured accounts will be linked to a crypto prime dealer. These are quite different from speculative assets like bitcoins, and more promising.”. And SFOX is partnering with New York-based M.Y.

Samsung 191

Samsung blockchain Bitcoin FDIC 191

Perficient

JULY 12, 2023

Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The guidance emphasizes that using third parties, especially those using new technologies, may present elevated risks to banking organizations and their customers, including operational, compliance, and strategic risks.

Management 221

Management Risk Management Regulation Compliance 221

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. Competition will force most banks to adopt this technology to compete for treasury management and consumer primary account status.

Payments 195

Payments Study Survey Data 195

Abrigo

MARCH 31, 2025

Kirby cited FDIC statistics showing nearly three-quarters of community banks require three or more levels of approval, regardless of the loan size. How technology helps Credit memos can easily become complex given the amount of data coming from disparate sources.

Analysis 195

Analysis Risk Management Management Data 195

CFPB Monitor

AUGUST 1, 2018

The FDIC has not yet responded.

FDIC 68

FDIC Regulation Innovation Resources 68

PYMNTS

DECEMBER 16, 2020

FIS, the bank software and payment technology firm, unveiled a collaboration with Quontic Bank on the Bitcoin Rewards Checking Account. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. resident and non-resident global customers can open a FDIC-insured U.S. Aeldra’s U.S.

Bitcoin 157

Bitcoin FDIC Cards California 157

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the Federal Deposit Insurance Corp. The Federal Deposit Insurance Corp.

FDIC 142

FDIC Cards Payments Regulation 142

PYMNTS

JUNE 9, 2020

percent APY, an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,” per the announcement. The firm uses proprietary technology that looks beyond a credit score when analyzing a customer.

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).

FDIC 78

FDIC Capital National Regulation 78