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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. based cybersecurity technology firm.

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Kimberly Sponaugle, was charged by the U.S.

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Efficiency now: 8 smart strategy tips

Independent Banker

Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. I counsel my community banks to be careful about extreme growth in rising rate environments,” says Jim Adkins, managing partner at Artisan Advisors in Barrington, Ill. Use technology to drive down costs. Connors, Jr.,

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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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Super apps: The rise of an all-in-one platform

Independent Banker

So, what does this intersection of regulation and technology competition mean for community banks? For starters, they will need to institute a strategy for managing the emergence of super apps. With a partial focus on super apps, the report paints a picture of how such technology is unfolding in the U.S.

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Former NSA Chief Lands Top B2B VC Funds For Cybersecurity Startup

PYMNTS

The nation secured significant funding for startups operating in the spaces of logistics and cybersecurity – the two B2B markets that landed the most investment this week. According to Bizongo, packaging is critical to supporting India’s B2B trade operations. But it was one U.S. million Series B funding , reports this week said.

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The community bank guide to FedNow resources

Independent Banker

You have to educate yourself; you have to educate your employees and your management team. Your Fed account executives are great places to start, as well as your technology solution providers, based on the product lines you think are going to use FedNow,” says Kari Mitchum, vice president of payments policy at ICBA.

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