Listen: How the FDIC and Duke University drive bank innovation
BankInovation
JULY 30, 2021
In this episode of “The Buzz” […].
BankInovation
JULY 30, 2021
In this episode of “The Buzz” […].
South State Correspondent
MARCH 15, 2023
While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.
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CFPB Monitor
APRIL 1, 2021
In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML). Uses of AI.
Abrigo
MAY 5, 2022
Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.
Abrigo
AUGUST 6, 2021
Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). according to FFIEC and FDIC data. 1 Today, community banks are at a critical crossroads: innovate or be left behind (or acquired). . Even though community banks make up a small share of total assets and deposits, 13.5%
Abrigo
MARCH 2, 2023
Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. Community banks and the entire banking industry face downside risks from inflation, rising market interest rates, and continued geopolitical uncertainty, the FDIC said recently in its quarterly report.
CFPB Monitor
NOVEMBER 22, 2022
While the report does not address “true lender” challenges in bank/fintech lending relationships, it does discuss the risk of “so-called ‘rent-a-charter’ schemes that market themselves as innovative fintech lending platforms, but operate with essentially the same harmful business model as a traditional payday lender.”
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