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ICBA President takes on The Boston Globe on cybersecurity

Long Lasting Ideas

Usually, we at BankMarketingCenter.com don’t hand out kudos to individual bankers, but an exception must be made in the case of Independent and Community Banks of America (ICBA) President and CEO Camden Fine for his articulate defense of small community banks.

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How can bank boards respond to increased regulatory scrutiny?

Abrigo

This may have been due to some directors lacking experience and/or being too closely tied to the bank. A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Community Bank Advisory Council Members. ”

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The SMB Challenger Banks: Bank Novo

Fintech Labs Insights

SMB digital banks. The banking partner is Middlesex Savings Bank , a Natick, MA-based community bank with $5.7B in assets and 32 branches in the Boston suburbs. Articles: 27 (Crunchbase). Bank partner: Middlesex Federal Savings. Product features: Business checking. Debit card. Founded: 2016.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

But Boston Consulting Group (BCG) says generative AI serves a fundamentally different purpose than predictive AI, which is the powerful tool with which many financial institutions are already familiar. GenAI use case for fostering relationship banking Abrigo client BAC Community Bank in Stockton, Calif.

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