Abrigo

AUGUST 31, 2023

Naming conventions One benefit of customer-centric KYC is that it differentiates community financial institutions from larger, more impersonal banks by allowing clients to retain their individuality and build personal relationships. For example, form letters often filter information from core systems, automatically assigning “Mrs./Mr./Miss”

Compliance 195

Compliance Community Training System 195

Perficient

FEBRUARY 15, 2024

Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community. Issues and Findings Management: Document issues and gaps identified during risk assessments and control testing, crucial for compliance.

Compliance 221

Compliance New York Regulation Analysis 221

Independent Banker

AUGUST 31, 2022

Against this backdrop, agtech—the application of technology to every aspect of the food production process, from farm to table—is growing in importance to the mission of ICBA and community banks. In fact, community banks provide about $155 billion in agriculture loans. Farmers and Merchants Bank in Milligan, Neb., serves as an example.

Innovation 144

Innovation Community Bank Community Lending 144

Abrigo

JANUARY 17, 2024

Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. One issue that hurts people and communities everywhere is human trafficking, and January is Human Trafficking Awareness Month.

Training 259

Training Community Software Texas 259

Perficient

FEBRUARY 15, 2024

Issues and Findings Management: Document issues and gaps identified during risk assessments and control testing, crucial for compliance. Perficient’s CoE guidance underscores the significance of aligning with regulatory requirements to uphold the integrity and security of New York’s financial ecosystem.

New York 221

New York Compliance Regulation Analysis 221

Perficient

JANUARY 20, 2021

The collaborative software development style focuses on public availability and communication with beginnings in the open-source community. Code centralized and secure. Documentation. Here is my view on the DevOps . Enabler for Agile and DevOps. Collaboration between stakeholders, developers, testers, and operations.

Software 309

Software Operations Tools System 309

PYMNTS

MARCH 29, 2019

Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Gig work marketplaces must tackle these concerns on top of meeting various governments’ security and compliance regulations – and do so quickly, or they’ll turn their user base away. . Global Security .

Security 101

Security Video Fraud Tools 101

PopularBank

JUNE 23, 2022

At Popular Association Banking, we are happy to see many community associations being proactive with their contingency planning and setting aside money for repairs, replacement reserves and emergency funds, but it is critical that those plans are kept current. For community associations, preparedness is key.

Community 52

Community Florida Miami Examples 52

PYMNTS

JANUARY 11, 2021

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. xSuite , a German provider of electronic document handling services, especially those integrating with SAP software, has won a key government certification in Singapore, according to a press release.

Security 139

Security System Guidelines Retail 139

South State Correspondent

OCTOBER 9, 2023

In two articles in the past few weeks ( here and here ), we discussed how the “higher-for-longer” interest rate environment will affect the community bank sector – continued increase in the cost of funds (COF), steady yields on loans, and a decrease in net interest margin (NIM) will put severe pressure on ROE for new loan originations.

Tools 195

Tools Community Bank Community Strategy 195

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. It can clarify roles and responsibilities, encourage timely communication and help community banks operate more efficiently. When the pandemic hit in early 2020, mitigating risk took on a whole new meaning for community banks. By Susan Springer.

Oregon 91

Oregon Community Bank Community Meeting 91

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

Taxes 195

Taxes Community Bank Community Operations 195

Abrigo

SEPTEMBER 11, 2023

Automation also helped financial institutions better serve their communities by, for example, reducing the time it takes to process a loan application. Fintechs have developed a strong competency around these advances. The utilization of generative AI has sparked legitimate concerns about data security.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

DECEMBER 8, 2016

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. Document collection: A crucial part of any loan origination process is collecting the necessary documents from the borrower.

How To 150

How To Lending Community Bank Community 150

PYMNTS

DECEMBER 14, 2020

The company was already Amazon -owned, and Soudodi said in the letter that the new name signals the company will still be a "highly secure online payment service that is easy-to-use and seamlessly integrable," but will now have the benefit of Amazon's global reach and other high-tech benefits.

Payments 199

Payments Fraud Video Regional 199

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. SonarQube Security Scan Result.

Compliance 332

Compliance Security Software System 332

Independent Banker

NOVEMBER 30, 2022

As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. To address these issues, some community banks have turned to artificial intelligence. If a community bank has just a handful of vendors, managing those vendors is fairly straightforward.

Management 91

Management Community Bank Community Data 91

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Fundamentals of BSA. CommunityBank of Texas' citations.

Resources 195

Resources Texas Analysis System 195

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. ” A memo included with the subcommittee’s documents also pointed to the U.S.

US 227

US Cyber Security Security National 227

Independent Banker

OCTOBER 31, 2021

Community bankers tell us why. In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. Community bankers are increasingly recognizing that the future of digital lending is here. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Jack Henry

OCTOBER 22, 2014

This helps me understand the FI’s products/services, business culture, and face to the community. For example, an FI President has a Master’s degree in Finance, but do not list the college; or, the Chief Technology Officer is active in numerous community charities, but do not include specific names.

Community 83

Community Meeting Compliance social media 83

Independent Banker

OCTOBER 31, 2021

Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. A customer can make the decision to switch to a community bank or open their first bank account any time, any day, including outside business hours.

Idaho 134

Idaho Community Bank Community New Jersey 134

PYMNTS

OCTOBER 8, 2018

For Onfido, which verifies individual identities as people wield photo-based ID documents, tackling fraud is a matter of making sure identity documents are genuine. The choices for fraudsters seem to be a smorgasbord, with forged, counterfeit and even blank documents circulating around the underworld. Come hear about them here.

Online 178

Online Fraud Data Security 178

Abrigo

AUGUST 28, 2019

When commercial bankers making $200,000 a year are driving all over town to pick up supporting documents just to get the completed loan application moving forward instead of calling on prospects, inefficiencies of a manual application system are personally frustrating. This reduces bottlenecks and is easier for borrowers and lenders.

Lending 150

Lending Analysis Taxes Data 150

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Alogent acquired document imaging and tracking solution provider AccuSystems. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

AUGUST 7, 2019

Canadian chat app Kik has filed an answer to a lawsuit by the Securities and Exchange Commission (SEC) claiming that the company’s $100 million digital coin offering was not legal. The lawsuit was announced in June, when the SEC accused Kik of violating securities law for not registering its 2017 digital token.

Community 115

Community Security Survey Strategy 115

ZootBlog

FEBRUARY 12, 2016

However, it took one full hour to accomplish this simple task at my local community bank where I have been a customer for more than a decade. It simply required the verification of two small deposits into the new account for security reasons. Then the documents could be sent electronically to the email on file.

Community Bank 63

Community Bank Community Technology ATM 63

PYMNTS

JANUARY 21, 2021

And in an interview with PYMNTS, Nick Careen , senior vice president of airport, passenger, cargo and security at the International Air Transport Association (IATA), said the stage is set for digital solutions to help validate and authenticate passengers, and also serve as a validation of a COVID-related test and travel requirements.

Groups 217

Groups Data Mobile Community 217

PYMNTS

JUNE 15, 2020

The release states that former eBay employees arrested on Monday (June 15) included James Baugh, 45, of San Jose, California former senior director of safety and security, and David Harville, 48, of New York City, former director of global resiliency. They were both charged with conspiracy to commit cyberstalking and witness tampering.

San Jose 182

San Jose California New York City Massachusetts 182

Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes. are now contactless.

Trends 144

Trends Payments Community Bank Community 144

Abrigo

JANUARY 13, 2021

As communities across the country continue to struggle with the effects of the COVID-19 pandemic, good news has surfaced as the Small Business Administration (SBA) announces the rollout of another round of Paycheck Protection Program (PPP) funding. Department of the Treasury Do Not Pay Business Center. Lessons Learned.

Fraud 195

Fraud Community Lending Analysis 195

PYMNTS

APRIL 15, 2020

Last week, Airbnb announced two California-based investors, Silver Lake and Sixth Street Partners, invested $1 billion in a combination of debt and equity securities. Earlier this month, Airbnb customers were seeking refunds. Earlier this month, Airbnb customers were seeking refunds.

San Francisco 137

San Francisco New York City Seattle Chicago 137

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. Loan documentation will be critical in upcoming exams.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

DECEMBER 11, 2019

Mastercard is launching a new digital resource that has the potential to instantly authenticate someone’s identity in a secure manner, the company said in a press release on Wednesday (Dec. The pilot program will assess an innovative approach to identity verification that makes it unnecessary for people to have numerous documents.

Resources 139

Resources Security Community Strategy 139

Abrigo

APRIL 14, 2020

Internal plans should document credit concerns and assess current liquidity. What we have now is not a series of less secure banks being hit with losses, but rather strong banks and borrowers having to adapt to a sudden change in overall economic activity. Document plans for credit concerns. Managing through uncertainty.

Community 195

Community Lending Meeting Marketing 195

Abrigo

MAY 11, 2020

One of the key values community financial institutions have always leaned into is their relationships with their customers, but these relationships have been put to the test amid the coronavirus pandemic. Gone are the days where a borrower could simply walk into a branch to request the loan, bring in their paperwork, and sign documents.

US 195

US Lending Community Technology 195