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Tighten up your community bank’s security

Independent Banker

The pandemic forced industries to accelerate their adoption of digital applications, and community banking was no exception. And as banking processes increasingly moved online, community bankers needed to fortify their online defenses against fraud and cybercrime. In August, ICBA hosted the Bank Security Institute. Tiffany Lukk.

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7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

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Federal banking agencies issue guide for community banks on conducting due diligence on fintech companies

CFPB Monitor

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

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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. Distribution, distribution, distribution The quest to scale a fintech company while maintaining high-quality business models came up on repeat.

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Embracing fintech led to trouble for one small bank. So did the aftermath.

American Banker

Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.

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Nvidia surpasses $2 trillion in market cap | Capital One to acquire Discover for $35bn | FinTech Nubank posts $1bn full year net profit

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space: Nvidia surpasses $2 trillion in market cap with revenue up 265% on booming AI business Capital One to acquire Discover for $35bn FinTech Nubank posts $1bn full year net profit Plus, 12 more exclusive stories to help you stay ahead of the curve!

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Big tech layoffs balloon in January | PayPal unveils AI-based products | Swedish Fintech Klarna Eyes for an US IPO

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space: Big tech layoffs balloon in January PayPal unveils AI-based products Swedish Fintech Klarna Eyes for an US IPO Plus, 9 more exclusive stories to help you stay ahead of the curve! More information on www.bussmannadvisory.com.

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