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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Takeaway 3 Attracting new and younger customers is a top priority for community financial institutions. Read some hot topics discussed by the conference's opening panel.

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

This was the question posed to Bank Profitability students as part of the Oregon Bankers' Association's Executive Development Program (EDP). These were up-and-coming bankers, the future leaders of our industry, identifying industry trends that will have the greatest impact on their bank, in no particular order.

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The 2023 GonzoBanker Awards

Gonzobanker

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

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These resources on interest rate risk, liquidity, and CECL got the most downloads in 2023

Abrigo

Papers, infographics on risk management Resources related to banking headlines were popular For banking risk and accounting staff, managing challenges tied to interest rates, liquidity, and credit portfolios will remain top-of-mind in 2024. A CECL prep kit was also popular.

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Fed Moves Ahead With FedNow Despite Objections

PYMNTS

Many credit unions and smaller banks said their interests will be ignored and have declined to sign with up for the giant bank-owned system. While having the Fed facilitate payments adds competition and provides choice, that choice will likely slow adoption,” Sarah Grotta , an analyst at Mercator Advisory Group, told American Banker.

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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The experience felt akin to entering a mosh pit but instead of musicians, you are in it with bankers and entrepreneurs and there are chairs. He likened it to regression testing.

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AML/CFT hot topics: What to expect in 2023

Abrigo

Beneficial ownership registry The AMLA was signed into effect in January 2021, paving the way for the first major BSA reform since the PATRIOT Act and encouraging a culture of compliance. The rule is effective January 1, 2024, and reporting companies will have one year from that date to file their beneficial ownership information.

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