Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Nevertheless, understanding the technology is crucial.

Examples 222

Examples Fraud Resources Risk Management 222

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

Regulation 349

Regulation National System Industry 349

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 73

Wyoming Community Bank Community Fintech 73

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Cryptocurrencies are a subset of digital assets and are decentralized networks based on blockchain technology. National objectives in cryptocurrency policy. Rapid Growth. Priorities.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Abrigo

JANUARY 30, 2024

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. Abrigo is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

Jeff For Banks

FEBRUARY 20, 2016

On February 14-17 the American Bankers Association held their National Conference for Community Bankers. The community bank takes deposits from your community, and then lends into your community, with decision makers based here , where the financial institution's employees live, work, and volunteer.

Conference 60

Conference Community National Millennials 60

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. These systems utilize cutting-edge technology to analyze patterns, anomalies, and unusual behavior. An informed and vigilant community is a powerful deterrent against fraud.

Fraud 222

Fraud Training Risk Management Software 222

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

FDIC 78

FDIC Regulation Community Lending 78

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

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. In assessing the true cost of fraud, Gartner, the respected technological research and consulting firm, has coined three distinct pillars of fraud costs.

Fraud 195

Fraud Training Trends Compliance 195

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Small Idea – It’s Our Kid’s Technology. It was a sobering thought to realize that we are all really building most of this technology for our kids. Complicated technology sucks, but mortality sucks more. Big Idea – Trends.

Conference 195

Conference Technology Las Vegas Trends 195

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. No two markets are created equal.

Lending 78

Lending Community Bank Community Strategy 78

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. We are in awe.

Fintech 194

Fintech Community Regional Technology 194

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world.

National 195

National Training United States Regulation 195

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets. .

Fintech 211

Fintech San Francisco National Innovation 211

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. See Part I: Implications for Community Financial Institutions.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

OCTOBER 22, 2020

She said the global pandemic has simply advanced a movement that has been underway for years, which has sought to provide banking access and digital financial services to underserved communities, mostly through mobile devices. Crypto And AI/ML.

Payments 206

Payments Community Mobile Comparison 206

CFPB Monitor

MARCH 10, 2022

Titled “ Executive Order on Ensuring Responsible Development of Digital Assets ,” the Order is described by the White House as “outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.”.

FDIC 148

FDIC National cryptocurrency Leadership 148

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

US 227

US Cyber Security Security National 227

PYMNTS

JUNE 25, 2019

Regulators should see this as a wake-up call to get serious about the privacy and national security concerns, cybersecurity risks, and trading risks that are posed by cryptocurrencies. “The cryptocurrency market currently lacks a clear regulatory framework to provide strong protections for investors, consumers, and the economy.

cryptocurrency 166

cryptocurrency social media Regulation Meeting 166

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. He sent the letter ahead of the 2020 IIF G20 Conference happening in Riyadh, Saudi Arabia this weekend, Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

Abrigo

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Below are 10 things NBFIs should do to ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. Crisis Business Membership Strategy in 2020: Adapting Technology and Executing in the New Normal. C&I Loans. SBA Lending.

Fraud 195

Fraud Lending Software Analytics 195

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

CFPB Monitor

OCTOBER 11, 2022

The White House’s Office of Science and Technology Policy has identified a framework of five principles , also known as the Blueprint for an AI Bill of Rights. The Blueprint may also be a signal of executive orders and regulations soon to come. The framework’s principles consist of: Safe and Effective Systems.

System 148

System Data Community Resources 148

Abrigo

FEBRUARY 27, 2020

Our Transparent AI is easy to explain to regulators. . The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

JANUARY 31, 2019

the Federal Reserve’s Faster Payments Task Force published a report last April urging the nation to review the current regulatory landscape. Indeed, in the U.S., There are many questions ahead as faster payments initiatives gain more ground in the U.S. “As the U.S. “As the U.S. trillion in the U.S. a decade ago.

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

SEPTEMBER 26, 2019

Advanced technology is raising the stakes of how CUs should operate, with members now demanding the instant payments and slick mobile interfaces that large banks and FinTechs have made standard,” the Tracker stated. Favorable Regulations. But it can also be in the broader small business community. The SMB Loan Opportunity.

Lending 108

Lending Community Bank Community Fintech 108

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Synctera Brings 'FinTech As A Service' To Community Banks. Plus, online lending startup SoFi is looking to go public through a SPAC.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

JUNE 27, 2019

s National Crime Agency (NCA), have arrested 6 individuals after a 14-month long investigation into a €24 million cryptocurrency theft. Over the last 10 years we’ve built one of the largest, most positive online communities, based on our core value to ‘give more than we take,’” Alan Schaaf, founder and CEO of Imgur, said in a press release.

ATM 115

ATM Bitcoin San Francisco cryptocurrency 115

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

North Carolina 150

North Carolina Ohio DC Regional 150

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. Look at technology companies. Last December, Astoria Financial Corp.

Lending 60

Lending Regulation Community Community Bank 60