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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

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New Main Street Business Plans Restart Optimism In Post-COVID Picture

PYMNTS

presidents and instrumental in establishing the government’s Office of Management and Budget (OMB) is quoted as saying, “An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.”. Twenty-five percent of Main Street SMBs now say they are operating with capacity restrictions, whereas 38.6

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

“The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Separately, a federal grand jury has indicted a Maryland woman for allegedly bilking a Newark, Delaware medical practice of more than $320,000 through the use of a corporate credit card.

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Can AI assist in vendor management challenges?

Independent Banker

And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today. If a community bank has just a handful of vendors, managing those vendors is fairly straightforward. Elizabeth Judd is a writer in Maryland.

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Pentagon’s Vendor Payments Eyed In Bipartisan Bill

PYMNTS

The publication said Wednesday (May 23) that Senator Ben Cardin of Maryland and Senator Mike Enzi of Wyoming introduced their bill earlier in the week that would require the DoD to pay small business contractors, as well as large contractors with small subcontractors, within 15 days of receiving an invoice whenever possible.

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Unexpected Allies

Independent Banker

Combining Finzly’s cloud-based operating system with Fintel Connect’s digital marketing solution allows community banks to both operate more efficiently and strengthen marketing return on investment. Since Finzly hosts and manages digital account opening solutions for financial institutions, we found a natural synergy.

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Deep Dive: Why Smart Cities Should Get Smart About Digital ID

PYMNTS

Smart trash receptacles are already being used to alert sanitation crews where trash collection services are needed, allowing them to adjust their routes and operate in a cost-effective manner. Idaho, Colorado, Maryland and Washington, D.C., In a smart city environment, however, healthcare access could change dramatically.