Remove Community Remove Florida Remove Management Remove Taxes
article thumbnail

The Velocity of Risk – What Bankers Need To Know

South State Correspondent

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices.

article thumbnail

A Wealth of Possibilities

Independent Banker

For many community banks a solution has been to offer traditional retail brokerage services (stocks, bonds, mutual funds, annuities, insurance) through strategic alliances with broker-dealers that specialize in placing financial advisors in bank branches. But how can a community bank offer trust services profitably?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Florida, which recently legalized medical marijuana, saw its issuing of state ID cards slowed dramatically because Bank of America rather adamantly refused to touch online payments for medical marijuana cards. And so, when we talk to the community, we are seeing a lot of demand of a different solution that provides more function.”.

article thumbnail

Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Taxes 107
article thumbnail

Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Taxes 101
article thumbnail

Nationwide Insurance Review: Strong Option for Auto and Home Coverage

MyBankTracker

Gated community- Applies if your home is protected at all times by security guards, residence cards, or key-lock devices. The premium stays the same, and the death benefit is typically exempt from federal income taxes upon payment. Florida Homeowners Insurance: Guide to Getting the Right Coverage. Life insurance review.

article thumbnail

A Small Business Roadmap for Reopening

PopularBank

For our team here at Popular Bank , and for many of the community-centered small businesses we serve, the reach of this story goes deeper. . Under its “Full Phase 1” approach beginning May 18, Florida has permitted retail businesses, restaurants and food establishments, among others, to operate in limited capacity.