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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Equally important is the bank’s securities duration, as shown in the graph below.

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Can AI assist in vendor management challenges?

Independent Banker

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.

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4 tips for better vendor management

Independent Banker

Community banks use dozens or even hundreds of vendors—making it critical that they have an efficient way to stay compliant, track performance and more. There’s a host of regulatory guidance when it comes to vendor management, but community banks also have wiggle room to craft their own policies. By Cheryl Winokur Munk.

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Cyberattacks, Google Crash Bring Internet Security Into Question

PYMNTS

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question. Not All Bad.

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SECURE Act 2.0’s Hidden Gems

TrustBank

The SECURE Act 2.0 If you recall, the original SECURE Act (Setting Every Community Up for Retirement Enhancement) was passed in 2019, but it needed some changes and add-on’s. The general idea of the SECURE Acts was to get people saving more for their retirement since the days of pensions are fading in the rear-view mirror.

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Real Estate Startup Bungalow Secures $64M In Funding

PYMNTS

Residential real estate startup Bungalow announced it has secured $64 million in funding: a $14 million Series A led by Khosla Ventures, Atomic, Founders Fund, Cherubic Ventures and Wing Ventures, as well as a $50 million debt facility. It also announced today that it has added two new markets to its platform: Portland and Washington, D.C.,

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NCR Launches Business Banking Mobile For Community Banks, Credit Unions

PYMNTS

The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform. NCR announced on Thursday (Sept. 22) it launched a new app dubbed Business Banking Mobile.

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