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How community banks can address cybercrime

Independent Banker

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. The bank works hard to prevent attacks with many defensive layers of security.

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How QT will Impact Cost of Funding in 2024

South State Correspondent

Quantitative Tightening The Fed engaged in QE (buying Treasuries and mortgage-backed securities) in response to the great financial crises and then escalated this policy tool during the pandemic. The graph below shows the Fed’s balance sheet and projections for the middle of 2025. Increase product engagement and duration.

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The CFPB section 1071 effective date

Abrigo

1, 2024, and report for the first time by June 1, 2025. This means that in addition to banks and credit unions, other lenders subject to the rule’s mandates are finance companies, online lenders, Community Development Financial Institutions (CDFIs), government lenders, and nonprofit lenders.

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Charles Potts: Innovation trends for 2023

Independent Banker

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. billion in 2020 revenues.

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Nasdaq Debut Gives Poshmark More Than Double Valuation

PYMNTS

In its Securities and Exchange Commission filing , Poshmark said the platform encourages users to tap inspiration from the like-minded people in the digital community “to discover, connect, and curate their network and news feed.” . Chandra said that the platform’s seller community will be the directional guidepost. .

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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Hypur Enables B2B Payments For CBD eMerchants

PYMNTS

Electronic payments company Hypur, which targets the cannabis and hemp industries, has unveiled its online electronic payment solution for transactions within the hemp and CBD community. The company’s payment solution ensures secure and compliant transactions without relying on offshore processors, it said.

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