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The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets. That combination made their liabilities very sensitive to safety.
Effective fraud riskmanagement includes detection and fraud monitoring that should consider customer or member history and behavior. Clients should also be wary of socialmedia scams. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters.
Thankfully for bank and credit union executives, lenders, riskmanagers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. And for many people heading back to the office from remote work, podcasts can be a productive and enjoyable way to pass the commuting time.
RiskManagement. Riskmanagement was never out, but the level of investment and emphasis we saw during the early part of the 2008-2009 crisis lessened during the past four to five years. Regulators are now ramping that back up, and model riskmanagement focused on portfolio risk is going to top the list.
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1: The Marketing and Sales System This system will intelligently collect the top-of-funnel marketing automation and socialmedia activity with a data-driven enterprise lead and sales management capabilities. A GRC system is more than a pure audit system.
Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. Also a big Gonzo thumbs up to Mantl’s Jeff Calnen.
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The company enables clients to achieve best-in-class results driving quality and innovation in Payments, Processing Services, Risk & Compliance, Customer & Channel Management, and Insights & Optimization. For more information about Beyond the Arc visit beyondthearc.com , call 1-877-676-3743, or email web@beyondthearc.net.
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