Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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South State Correspondent

OCTOBER 4, 2022

In this article, we would like to share best practices of how lenders advise borrowers on planning for the future path of interest rates and how borrowers should structure their balance sheets to better manage future cash flows. As community bankers, we are foremost trusted advisors to our customers. Conclusion.

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Abrigo

JULY 2, 2019

If that trend continues, operating costs will begin outpacing revenue for many farms, and demand for ag financing will grow for community financial institutions. Blanket security agreements. The post How to Mitigate Ag Lending Risks appeared first on Abrigo. Personal guarantees. Government guarantees.

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PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. And to that end, we’ve seen growing engagement and co-operation across the industry.”. To solve the problem, organizations need to take more of a community-based approach.”. Rapid Growth.

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Abrigo

MARCH 31, 2020

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. For underwriting, lenders will need to verify a borrower was in operation on Feb.

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Perficient

JANUARY 28, 2021

As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

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Abrigo

APRIL 22, 2024

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. At the same time, 59% pursued credit to meet operating expenses. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

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PYMNTS

JANUARY 22, 2019

Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Yet, the “fundamental problem number one,” according to Stuppy, is that QSRs, for the most part, don’t know what they don’t know about online security.

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PYMNTS

DECEMBER 18, 2020

“With COVID-19 vaccines becoming available, companies and communities around the world are focused on how to safely reopen and get back to public life,” said Bill Patterson , EVP and GM, CRM Applications at Salesforce. . As best practices are hammered out, security standards remain fragmented.

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PYMNTS

JANUARY 22, 2019

Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Yet, the “fundamental problem number one,” according to Stuppy, is that QSRs, for the most part, don’t know what they don’t know about online security.

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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.

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PYMNTS

JUNE 3, 2016

Check out who secured venture capital in our breakdown below. Enterprise Security. Ionic Security. It may have begun as a way for individuals to take control of the data they share on social media sites, but Ionic Security has begun to shift its focus to securing the data of enterprises and their employees.

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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams.

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Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. How can they counteract these effects and maximize financial efficiency? It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

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Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes. GenAI use case for fostering relationship banking Abrigo client BAC Community Bank in Stockton, Calif.

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PYMNTS

MARCH 29, 2019

She doesn’t know how to do this on her own, so she posts a job offer online. At least, that’s how it should work. Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Global Security . The user community is also helpful when it comes to identity verification.

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Abrigo

SEPTEMBER 3, 2021

Where fraud prevention, AML, and IT security historically stayed in separate pillars of financial institutions, it is now imperative that each of the divisions communicate regularly, and cross-monitor for these threats. Start with Part 1: Implications for Community Financial Institutions. How to prevent cybercrime.

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Independent Banker

MARCH 31, 2022

We asked community banks how they’re dealing with the resulting shifts in their employment models. Before remote work was an emergency measure to keep employees safe from a devastating virus, it was a perk some community banks offered to retain and attract talent. By Mindy Charski. One bank that is not turning back.

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Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

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PYMNTS

JUNE 1, 2016

Atlanta-based Ionic Security has just bagged $45 million in VC funding in a round that included Amazon, Goldman Sachs and Hayman Captial as new investors and existing investors GV, Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners and Tech Operators. And the growth is just starting, according to the CEO.

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Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.”

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Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

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PYMNTS

SEPTEMBER 11, 2017

In a nutshell, that’s what PayPal Chief Operating Officer Bill Ready said is both the problem with and the path forward for in-store mobile payments. And, he noted, doing all of that across operating systems and platforms — and, increasingly, connected devices.

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Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. That equates to $35 billion annually.

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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.

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PYMNTS

OCTOBER 6, 2017

This comes despite years of consumer concerns over the way credit bureaus grab data and how they report it. The Big Fizzle: Social Security Numbers . In recent years, the Social Security number — those magic nine digits that provide Americans with their basic numeric identity — has fallen on hard times.

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Perficient

NOVEMBER 2, 2020

Many questions and concerns have been floating around the Oracle Health Sciences customer community about Argus Safety’s future on-premises releases. We encourage partners to facilitate conversations on how to best achieve your PV business objectives leveraging the current Oracle Safety portfolio of products.

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Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. People are looking at Amazon and how they’re transacting and how they’re making payments, and it just raises the bar for everyone.”. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

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PYMNTS

AUGUST 21, 2019

The Confidential Computing Consortium is a leading indicator of what’s to come for security in computing and will help define and build open technologies to support this trust infrastructure for data in use.”. In addition, the organization will be in charge of industry outreach and education initiatives. “To

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Cisco

APRIL 12, 2022

Branches are a valuable component of your brand, a physical and visible symbol of safety and security of your money. And yet all kinds of ideas and gimmicks are being tried to make branches more inviting: community centers, yoga studios, or coffee bars. Optimize branch operations. Rethink how to execute the branch space.

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South State Correspondent

MARCH 7, 2024

That is, Copilot will understand how to calculate net interest margin as well as have integrations into Salesforce, ServiceNow, and Zendesk. The bank will adopt a “security and privacy first” approach and needs to test how the various Copilots will be used securely and in a controlled manner.

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MyBankTracker

JUNE 23, 2020

Beyond the potential for growth, sustainable investing looks for businesses that operate sustainably, for example, by minimizing the amount that they pollute or that work to resolve social issues. Many large companies focus solely on profit, ignoring how their actions can have a negative impact on the wider world. Related Articles.

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Gonzobanker

JULY 20, 2022

financial institution executives surveyed for What’s Going On In Banking 2022 , 19% of community banks and 10% of credit unions had not launched a digital transformation strategy prior to this year, and another 15% had no plans to do so. A successful digital product manager knows how to bring order to the chaos of digital transformation.

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Independent Banker

AUGUST 1, 2016

Planning an IT strategy for any organization is challenging, but financial institutions face additional complexities due to regulatory and security requirements. However, when security vulnerabilities and lack of support are factored in, just one incident or breach can far exceed any perceived benefit. Security Considerations.

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PYMNTS

SEPTEMBER 24, 2019

Whereas existing AI might learn to read characters on a page, for example, a true AGI system might intuit how to write the book.”. In blockchain news related to the grid, a release this week stated that ComEd , one of the nation’s largest energy delivery companies, will link with Xage Security, Inc.

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Perficient

JUNE 22, 2020

For example, when we start a project, we want to jump right into it instead of learning how to set up an Elasticsearch cluster. Sometimes it’s because they don’t know how to provision these things, and sometimes it’s because they are concerned about security. Figure 5 – OpenShift Operators Catalog. Environment.

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PYMNTS

MARCH 11, 2016

Criminals, for example, like the Czech national Thomas Jiikovský, who pled guilty to operating a $150 million Ponzi scheme in what is believed to be the first bitcoin securities fraud case. That’s led law enforcement to realize how cryptocurrency and its rich data can help them trace the bitcoin trail.

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