Independent Banker
JANUARY 31, 2022
“There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. Beth Mattson-Teig is a writer in Minnesota.
Independent Banker
OCTOBER 1, 2022
Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. The banking industry could face greater regulatory scrutiny and pressure ahead on how they’re managing cyber risks.
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Independent Banker
DECEMBER 28, 2015
Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. Get compliance involved from the outset of, say, a new product or a new service or a new type of loan,” LaNore says.
PYMNTS
DECEMBER 27, 2016
“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.
Independent Banker
OCTOBER 31, 2021
First State Bank & Trust now automatically issues compliance disclosures within its Consumerbot and Mortgagebot platforms. Previously, documents would be submitted and an employee would have to manually move those electronic documents to the bank’s document management system. Beth Mattson-Teig is a writer in Minnesota.
Independent Banker
DECEMBER 13, 2015
Jim Foster, vice president and compliance officer of Oak Bank, a community bank located in the wealthy Gold Coast neighborhood north of Chicago’s Loop, says many of the bank’s customers request four-figure cash withdrawals before they leave on trips out of the country. Personal cash management. That will change as time goes on.”.
Fintech Labs Insights
JULY 23, 2015
Corporate purchasing management. Fortress Risk Management. Enterprise risk management services for financial institutions. Using the blockchain for managing records. Risk & compliance management for financial institutions. Credit risk management tools for small businesses. Total raised: $6.8
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