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Amazon Focuses On Fulfillment After Another Record-Setting Quarter

PYMNTS

Amazon earnings announcements in 2020 have become an exercise in financial superlatives. It was almost a given that the company would post another such exercise for the third quarter as the pandemic has driven consumers online, 44 percent of which it lays claim to. It did not disappoint. In Q2, Amazon set aside “$4.0

Exercises 135
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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. It is part of a multipart blog series on financial regulations and how to manage them architecturally, geared towards IT leadership. Delivery Channels. External Threats.

Tools 114
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Strava’s Journey From Fitness App To Fitness Ecosystem

PYMNTS

Founded as an online portal for bicycling enthusiasts in 2009, Strava it bills itself as “the social network for athletes,” has taken in $70 million in funding and has “tens of millions of active users,” according to CEO James Quarles. Quarles is new to his job, having come on board last spring, but he is not new to social media.

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There’s No Room for Luck in a Preparedness Plan

Gonzobanker

Cornerstone Advisors research found that institutions with digital offerings in place were able to quickly steer their customers to online channels – even if they had not used them before. In April alone, digital account openings rose 7% and online logins increased by 18%. Present documented testing results to executive management.

Survey 158
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Reinventing the client advisor interaction model is the future of wealth management

Insights on Business

We’re beginning to see investment advisory firms expand their brands into non-financial areas such as nutrition, health, wellness and exercise, forming complete centers of influence for their clients. Thus, transforming financial institutions and their advisors into complete centers of influence for their clients.

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CFPB Winter 2019 Supervisory Highlights focuses on deposits, mortgage loan servicing, and remittances

CFPB Monitor

Although issued under Director Kraninger’s leadership, the Winter 2019 Supervisory Highlights covers examinations generally completed between June and November 2018 when Mick Mulvaney was Acting Director. It represents the CFPB’s second Supervisory Highlights covering supervisory activities conducted under Mr. Mulvaney’s leadership.

Taxes 68
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Fraud prevention and detection: Empowering clients through education

Abrigo

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters. According to the FTC , $2.7

Fraud 195